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 Post subject: Re: The coming productivity boom
PostPosted: Fri Mar 16, 2018 12:01 am 
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https://www.technologyreview.com/s/5159 ... ying-jobs/

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 Post subject: Re: The coming productivity boom
PostPosted: Mon Apr 16, 2018 3:34 pm 
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Mark Carney warns robots taking jobs could lead to rise of Marxism

The Independent wrote:
He said: “The benefits, from a worker’s perspective, from the first industrial revolution, which began in the latter half of the 18th century, were not felt fully in productivity and wages until the latter half of the 19th century.

“If you substitute platforms for textile mills, machine learning for steam engines, Twitter for the telegraph, you have exactly the same dynamics as existed 150 years ago – when Karl Marx was scribbling the Communist Manifesto.”

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 Post subject: Re: The coming productivity boom
PostPosted: Sun May 13, 2018 11:34 am 
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The IEA is a right-leaning UK think tank.

https://iea.org.uk/publications/robocalypse-now/

Quote:
Robocalypse Now? Why we shouldn't panic about automation, algorithms and artificial intelligence

Summary (of a 46-page document):

1. It is claimed that robots, algorithms and artificial intelligence are going to destroy jobs on an unprecedented scale.

2. These developments, unlike past bouts of technical change, threaten rapidly to affect even highly-skilled work and lead to mass unemployment and/or dramatic falls in wages and living standards, while accentuating inequality.

3. As a result, we are threatened with the ‘end of work’, and should introduce radical new policies such as a robot tax and a universal basic income.

4. However the claims being made of massive job loss are based on highly contentious technological assumptions and are contested by economists who point to flaws in the methodology.

5. In any case, ‘technological determinism’ ignores the engineering, economic, social and regulatory barriers to adoption of many theoretically possible innovations. And even successful innovations are likely to take longer to materialise than optimists hope and pessimists fear.

6. Moreover history strongly suggests that jobs destroyed by technical change will be replaced by new jobs complementary to these technologies – or else in unrelated areas as spending power is released by falling prices. Current evidence on new types of job opportunity supports this suggestion.

7. The UK labour market is currently in a healthy state and there is little evidence that technology is having a strongly negative effect on total employment. The problem at the moment may be a shortage of key types of labour rather than a shortage of work

8. The proposal for a robot tax is ill-judged. Defining what is a robot is next to impossible, and concerns over slow productivity growth anyway suggest we should be investing more in automation rather than less. Even if a workable robot tax could be devised, it would essentially duplicate the effects, and problems, of corporation tax.

9. Universal basic income is a concept with a long history. Despite its appeal, it would be costly to introduce, could have negative effects on work incentives, and would give governments dangerous powers.

10. Politicians already seem tempted to move in the direction of these untested policies. They would be foolish to do so. If technological change were to create major problems in the future, there are less problematic policies available to mitigate its effects – such as reducing taxes on employment income, or substantially deregulating the labour market.


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 Post subject: Re: The coming productivity boom
PostPosted: Mon May 14, 2018 9:33 am 
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Hmmm, 1. A list of points 2. That is continuations of the same short paragraph 3. to make it look like they have more to say 4. Than they really have.

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 Post subject: Re: The coming productivity boom
PostPosted: Mon May 14, 2018 12:24 pm 
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The same IEA behind Thatcherism. Fine for a bit in theory, broad mass appeal in 1983 but n.b. finish the course. They didn't and the World has just moved on now.


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 Post subject: Re: The coming productivity boom
PostPosted: Tue May 15, 2018 4:26 pm 
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yoganmahew wrote:
Hmmm, 1. A list of points 2. That is continuations of the same short paragraph 3. to make it look like they have more to say 4. Than they really have.


Brief and incisive
Bullet point deconstruction.
It's almost Haiku.

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 Post subject: Re: The coming productivity boom
PostPosted: Tue May 15, 2018 8:39 pm 
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Madness of Crowds wrote:
yoganmahew wrote:
Hmmm, 1. A list of points 2. That is continuations of the same short paragraph 3. to make it look like they have more to say 4. Than they really have.


Brief and incisive
Bullet point deconstruction.
It's almost Haiku.

8DD
(Closest thing to clapping)

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"It is impossible to design a system so perfect that no one needs to be good."

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 Post subject: Re: The coming productivity boom
PostPosted: Wed May 16, 2018 1:59 am 
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Madness of Crowds wrote:
yoganmahew wrote:
Hmmm, 1. A list of points 2. That is continuations of the same short paragraph 3. to make it look like they have more to say 4. Than they really have.


Brief and incisive
Bullet point deconstruction.
It's almost Haiku.

1. for the money
2. for the show
3. to get ready

If I remember right it was Thatcher who invented the annoying practice of always having three points, even if everything beyond the first was superfluous.

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 Post subject: Re: The coming productivity boom
PostPosted: Tue May 22, 2018 6:56 pm 
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Blindjustice BATONEFFECT wrote:
https://www.technologyreview.com/s/515926/how-technology-is-destroying-jobs/


I wonder how US GDP and factory worker "output" looks when divided by inflation.
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http://www.independent.ie/business/iris ... 96858.html
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 Post subject: Re: The coming productivity boom
PostPosted: Wed May 23, 2018 3:38 am 
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http://www.bbc.com/news/av/technology-4 ... irst-shift

Quote:
Flippy, a burger-flipping robot, has begun work at a restaurant in Pasadena, Los Angeles.

It is the first of dozens of locations for the system, which is destined to replace human fast-food workers.


https://www.newyorker.com/magazine/2017 ... super-rich

Quote:
Some of the wealthiest people in America—in Silicon Valley, New York, and beyond—are getting ready for the crackup of civilization.


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