Rick Peterson

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Robots aren’t killing the American Dream. Neither is trade. This is the problem.

“No, robots aren’t killing the American Dream,” argued the New York Times editorial board in February. As evidence, the Times emphasized that labor productivity and capital investment have decelerated in the new century. In theory, that wouldn’t be happening if automation were the main reason that …

Income Inequality

U.S. allies shaken by Donald Trump’s wiretap tweets about Obama

Just when U.S. allies around the world from Canada to Europe to Asia were starting to be reassured about Donald Trump's approach to the world, there's a whole new gust of chaos coming from Washington.<p>This weekend's startling political drama of Twitter accusations of wiretaps, then denials, all …

Donald Trump

Why no job is safe from the rise of the robots

Hollywood got it wrong. The highly intelligent machines that will be unleashed in the near future won’t be coming for our lives. They’ll be coming …

The Robot Tax Is Just Capitalism Vs Socialism All Over Again - The Cure Is The Same Too, Competition

We have a piece in The Guardian telling us all about the economics of the robot tax–it’s about economics in The Guardian so of course it is actually wrong but our task is to work out why it is wrong. The problem here is that the writer doesn’t understand that it’s the interplay of capitalism and …

A Billionaire Is Helping Fund a Massive Universal Basic Income Project

Techpreneurs Love UBI<p>Tesla and SpaceX CEO and founder Elon Musk and Y Combinator president Sam Altman have already come out in support of universal …

We Need a Plan for When AI Becomes Smarter Than Us

When Apple released its software application, Siri, in 2011, iPhone users had high expectations for their intelligent personal assistants. Yet …

Prepare for the worst: this inequality rift will tear our society apart

Homelessness and child poverty have risen, the NHS is in dire financial straits, understaffed prisons have record suicide rates, the elderly lack social care – yet the rich continue to get richer, and continue to avoid taxes. This is an expression of abject moral bankruptcy.<p>But, if the Resolution …

Economics

Why technology is the 'raw material' for fighting economic inequality

History is ruthlessly clear about what happens when too much wealth ends up in the hands of the very few. Even as anger about economic inequality has …

These are the Basic Income Experiments Coming in 2017

Within the last couple years, basic income — a scheme in which citizens receive regular payments to cover basic living costs — has touched nearly all …

Why We'll Never Run Out of Jobs | Donald J. Boudreaux

In the 3rd edition of University Economics, Armen Alchian and William Allen state that "an unlimited number of jobs are available in a world of …

A Timeline to Unemployment: When Robots Replace Workers

No Definitive Timeframe<p>As many studies have predicted, we are globally moving toward more automated workplaces. Indeed, most experts already believe …

The Future

Tell Kids to Get Good at Stuff Smart Machines Can’t Do (Yet)

Smart machines will change the face of the economy, and today's young people will need a different set of skills to succeed than past generations …

Trump's Job Promise - Can He Build A Wall Around Automation?

Moving through the 21st Century, automation, not aliens, has been the driving force in unemployment. Trump waived his magic "wall" wand over his rust-belt Cinderellas that eked out an electoral win with fears of minorities and foreigners, but can he build a wall around job automation? Will jobs be …

Prepare for a world without work

As we start the year full of good intentions to flourish at work, social scientists are warning that our careers could be over sooner than we …

The Future

How to Think Like a Futurist - MIT Technology Review

Futurist and business consultant Amy Webb says that by asking the right questions, just about anyone can do what she does: separate real trends from …

Singularity

Is a Universal Basic Income the Answer to Automation-Caused Unemployment?

Disruption and Displacement<p>While technological advancements in artificial intelligence (AI) and robotics will clearly make a lot of processes easier …

NOBEL ECONOMIST: 'I don’t think globalisation is anywhere near the threat that robots are'

Angus Deaton, who won the Nobel Prize last year for his work on health, wealth, and inequality, told the Financial Times he believes robots are a much greater threat to employment in the US than globalisation.<p>Addressing the theory that Donald Trump's victory in the US presidential elections was …

The Spiritual Crisis of the Modern Economy

The main source of meaning in American life is a meritocratic competition that makes those who struggle feel inferior.<p>What is happening to America’s white working class?<p>The group’s important, and perhaps decisive, role in this year’s presidential election sparked a slew of commentary focused on, on …

College & University

Why we are still light years away from full artificial intelligence

Clara Lu Contributor<p>Clara Lu is the marketing manager at ViSenze, an artificial intelligence company that makes search by images possible without keywords.<p>The future is here… or is it?<p>With so many articles proliferating the media space on how humans are at the cusp of full AI (artificial …

Automation and Robots Could Permanently Disrupt Capitalism

Automation is Real<p>Many articles that talk about automation and its resulting job displacement may sound alarmist. However, studies have shown that …

Our problem isn’t robots, it’s​ ​the​ ​low-wage car-wash economy

The headlines were inevitable, once Mark Carney uttered the word automation. Robots, the Sun told us, are set to “steal 15m jobs from Brits”. Sadly, our main problem is not robots; still less the artificial intelligence technologies that will power them.<p>Our real problem is symbolised by the car …

Economics

Robots takeover has begun

The world is facing the fourth industrial revolution powered by artificial and cognitive intelligence that will result in unprecedented job losses; …

The Robot Economy: A Caution

The science fiction author Isaac Asimov was a prolific writer on the subject of robots, having written numerous short stories addressing the problems …

Work should be a route to a better life, but people need to be paid properly

Labour isn’t working. That is to say: working for a living is not providing a living, at least not for the 7.4 million people, which includes 2.6 million children, who are living in poverty despite being in working households.<p>And yet how can this be? Hasn’t there been a “jobs miracle” in this …

Economics

Would a universal basic income fix US economic inequality? One group is spending $10 million to find out

Universal basic income (UBI) is either a miracle cure for ailing capitalist economies or a dead end for a doomed, under-employed underclass. Nobody really knows which is true because UBI has never been fully studied. Now, one of the most ambitious efforts so far is about to spend millions to find …

Income Inequality

Is Universal Basic Income the Answer to an Automated Future?

As we innovate ourselves away from conventional work and labor, an unlikely question begins to form: How do we feel about free money?<p>First floated by 16th-century philosopher Thomas More as a “cure for theft,” basic income is finding new life 500 years later amid concerns over technology edging …

Can An Arts Education Save Future Careers In The Age Of Robots?

What is the value of creativity in the age of robots? Can we simulate emotional intelligence? These are some of the questions that engineers, artists …

The True Cause of Income Inequality in America

Income Inequality in America<p>Causes of Income Inequality<p>Updated March 26, 2018<p>One-quarter of American workers makes less than $10 per hour. That …

Robots and Automation May Not Take Your Desk Job After All

Despite talk of job automation in practically every industry, the question no longer seems to be <i>whether</i> jobs will be automated, but rather <i>which</i> jobs are at greatest risk and how concerned we should be about the changes. But is this anxiety actually based in reality?<p>Let’s be clear: People <i>are</i> afraid. …