robot

Blog

Tatiana Shepeleva/Shutterstock

Automating Ourselves To Unemployment

How shortsighted policies are creating a long-term crisis
Wednesday, April 27, 2016, 9:39 PM

In this current era of central planning, malincentives abound. We raced to frack as fast we could for the quick money, while leaving behind a wake of environmental destruction and creating a supply glut that has killed the economics of shale oil. Our stock exchanges sell unfairly-fast price feeds for great sums to elite Wall Street high-frequency-trading firms, and as a result have destroyed investor trust in our financial markets.  The Federal Reserve keeps interest rates historically low to encourage banks to lend money out, yet instead the banks simply lever up to buy Treasurys thereby pocketing vast amounts of riskless free profit. The list goes on and on.

One particular malincentive has been catching my attention recently, one that feels especially pernicious because it does not seem easily reversible, if at all. For US employers both large and small, it's becoming increasingly less appealing to employ human labor.  » Read more

Daily Digest

Image by Randy Son Of Robert, Flickr Creative Commons

Daily Digest 4/11 - Robot Truck Platoons Move Forward, Good Banker vs. Bad Banker

Thursday, April 11, 2013, 10:31 AM
  • “Giant Bet” Could Trigger “the Mother of All Debt Crises” in Japan: Neil Irwin
  • KPMG resigns as Herbalife auditor after insider trading
  • Good Banker, Bad Banker
  • Portuguese finding pain hard to endure as prime minister says more austerity is around corner
  • Bailed-Out Banks Used Billions Meant For Small Business Aid To Repay TARP Funds: Watchdog
  • Rise In Foreign Temp Workers Questioned By Labour Groups
  • Cyprus And Gold – Noise vs. Facts
  • Pharmaceutical sales reps regularly misinform doctors about drug side effects: study
  • Robot truck platoons roll forward
  • Slow to arrive, but will Australian high speed rail be worth the wait?
  • Study: The coal industry is in far more trouble than anyone realizes
  • ‘Irreparable’ safety issues: All US nuclear reactors should be replaced, ‘Band-Aids’ won’t help
  • NOAA: Area of land larger than Manhattan disappearing of Louisiana coast each year
Blog

Let's Stop Fooling Ourselves: Americans Can't Afford the Future

Unemployment, taxes & unfunded retirements are squeezing us
Tuesday, March 12, 2013, 11:24 AM

The truth is: The three adult generations in the U.S. are suffering, and their burdens are likely to increase with time. Each is experiencing a squeeze that is making it harder to create value, save capital, and pursue happiness than at any point since WWII. At that point, we were a creditor nation with an economy exploding into dominance on the world stage. Now, however, the U.S. is the largest debtor nation and our economic hegemony is increasingly at seige across a number of fronts.

A continuation of the status quo is a decision to sleepwalk face-first into the constraints hurtling towards us.

Instead, shouldn't we stop fooling ourselves and ask: What should we be doing differently? » Read more