Tag: liberal

When robots take more and more jobs, how will humans get paid?

When robots take more and more jobs, how will humans get paid?

What if governments just gave money to people?

That’s the big question that Thomas Weisskopf ​, professor emeritus of economics at the University of Michigan, is asking. Since automation is replacing human-powered labor in fields like manufacturing, robust employment may be a thing of the past. A permanent surplus of labor has massive consequences, driving down wages and even contributing to social unrest. According to Weisskopf, such a dramatic problem demands a dramatic solution. An automated welding arm Weisskopf said in using “basic income grants,” an amount of money would be handed out to every citizen “without any conditions whatsoever.” […]

Living, minimum wages reduce employment

Living, minimum wages reduce employment

What future will America have when so many of her citizens lack the ability to engage in critical thinking, refuse to connect the dots and fail to use common sense?

This unwillingness to think clearly is no better demonstrated than by the continued support for the minimum wage. After all the studies and the near-unanimous opinion of economists — and even after the negative real-world effect of the minimum wage — it still remains popular.

Why?Sadly, most people are simply unaware of the argument against the minimum wage. They just don’t know about the vast body of research that shows the […]

Television First–Tucker Carlson And Thomas Friedman Talk About Immigration And Automation

Television First–Tucker Carlson And Thomas Friedman Talk About Immigration And Automation

Tucker Carlson interviewed New York Times columnist Tom Friedman a few days ago about his new book, “ Thank You for Being Late: An Optimist’s Guide to Thriving in the Age of Accelerations . ” The discussion was about technology, which is the cause of the accelerations from the book title.

Carlson has a new prime-time show on Fox News, and he has apparently been given a degree of freedom about topics to explore, although he has not hit immigration much thus far. On the morning show he once inhabited, he showed a fair amount of interest in mass immigration […]

Workplace of the future may require new safety net

Workplace of the future may require new safety net

Buy Photo This past election we heard much about the loss of manufacturing jobs. Columnist George Will puts these job losses in perspective in a recent article . Will cites a Ball State University study. From 2000 to 2010, only 13 percent of manufacturing job losses were due to trade. Productivity improvements accounted for over 85 percent of the losses.

Many fear that automation and robotics will cause economic dislocation for working people. Andy Stern addresses this topic in his book “ Raising the Floor : How a Universal Basic Income Can Renew Our Economy and Rebuild the American Dream.” […]

Workplace of the future may require new safety net

Workplace of the future may require new safety net

Buy Photo This past election we heard much about the loss of manufacturing jobs. Columnist George Will puts these job losses in perspective in a recent article . Will cites a Ball State University study. From 2000 to 2010, only 13 percent of manufacturing job losses were due to trade. Productivity improvements accounted for over 85 percent of the losses.

Many fear that automation and robotics will cause economic dislocation for working people. Andy Stern addresses this topic in his book “ Raising the Floor : How a Universal Basic Income Can Renew Our Economy and Rebuild the American Dream.” […]

50% of All American Jobs Will Be Gone in 10 Years- What Will Follow?

50% of All American Jobs Will Be Gone in 10 Years- What Will Follow?

If the economy is doing so fine, then why are so many retail giants going out of business?

The old way of doing things is no longer profitable. Humans cost to much money to maintain in the work force. The need and means for automation to replace many/most workers is upon us. What will be the societal implications resulting from this unavoidable development? The Christmas Shopping Season Was a Disaster of Epic Proportions

The Christmas shopping season concluded over two weeks ago and retail report cards are coming and they are beyond bleak. There is currently a plethora of retail […]

When it Comes to ‘Saving Globalization’ World Leaders are Still Missing the Point

When it Comes to ‘Saving Globalization’ World Leaders are Still Missing the Point

“Philosophers have only interpreted the world, in various ways. The point, however, is to change it,” or so Karl Marx once wrote. As trade liberalization and globalization more broadly are called into question, G20 leaders could do with both interpreting the situation and changing it.

It is not an easy task for the G20, which is a diverse group of developed and emerging economies, accounting for around 80% of GDP. In spite of their great success in launching a trade and investment working group and agreeing on guiding principles of investment policy-making, G20 leaders failed to address the emergence of […]

Who Will Be Left Behind From The Factory Of The Future?

Who Will Be Left Behind From The Factory Of The Future?

Who will the future factory not need?

Most production workers and virtually all administrative, office and managerial personnel.

Automation takes out the production worker jobs, as has been the case over the last 40 years. Artificial Intelligence will take care of the rest.What will be different from the onslaught of automation which has progressively and at an increasing rate eliminated many jobs during the last 200 years is that new types of jobs will not be created in sufficient numbers to employ the unemployed. Nor will the unemployment occur spread by occupation in such a way as to distribute the pain […]

Here’s what will happen when millions of jobs are lost to robots

Here's what will happen when millions of jobs are lost to robots

On the stump in 2016, both candidates talked about creating jobs, taxes, the economy, and trade. But what neither talked about was perhaps the greatest threat to economic security in the future: automation and computerization.

Take, for example, the number one job held by men today: Nearly 3 million of them are truck drivers. What will happen to them in a decade when Daimler expects its self-driving 18-wheeler now being tested in the Nevada desert to be ready for the road? How about the top job among women, that of administrative assistant? Technology already has wiped away many of those […]

Half of US Jobs to Automation by 2036?

Half of US Jobs to Automation by 2036?

Join Date Jul 2002 Location Atlanta Posts 78,906 Thanks 2,362 Thanked 9,452 Times in 5,364 Posts Power to Give Rep https://www.rt.com/usa/371544-artifi…-jobs-economy/

Automation through robots and other artificial intelligence could affect nearly half of all US jobs, a report from the Obama administration has found. Education and job-training programs could prevent the sea change from destroying the American economy.

Scientists and economic advisers within the executive branch studied the potential effects of artificial intelligence on the US workforce and economy over the next 20 years, as well as ways to prevent the technological advances from automation from […]