automation is great, we want that, that's not the problem

the problem is the banks

the housing boom was a direct result of them chasing the higher yields of speculation(margin balances too) instead of investing in productivity, then we bailed them out for the privilege

Cant watch video now...need to be quiet.
Automation eliminates jobs. Im not saying its bad. But there are consequences.

automation increases productivity. we get new jobs next turn, if the investments are made to reconfigure

Manufacturing jobs are lost

you lose the manufacturing jobs that the current breed of robots take over

you get new jobs making robots

The jobs created are service or white color

nah you need people like mechatronics engineers

a growing field for exactly this reason

they are 'grey collar' i suppose, half white, half blue

Jobs are not one to one.

of course not, that's why you may need fiscal policy to provide the buffer during the transition and phase change

military does it for the slim percentage of population that goes that route, a few other ways are similar

The minimum income?

that too, but i mean there is plenty for the gov to do, shipbuilding, companies like mine, or research groups like DARPA, SPAWAR writ large, etc

we know where the fear is, military is always talking about it. people have been sounding alarm on us ship building forever

the 'sticking point' was complete faith in monetary policy, revulsion to fiscal policy

the faith in monetary policy lead directly to the over-financialization of the economy, meaning 'interests' share of GDP grew, eating away workers share

The world is changing rapidly. The internet, automation and AI is changing the nature of work and companies. I dont think we have any idea what will happen or how to manage it.

Its a whole new ballgame

most of it is evolutionary, not revolutionary

Disagree

you think most changes are REVOLUTIONARY?

not just simple evolutions?

take automation of vehicles. first they are all manual. then you get some basics like attitude hold or altitude hold for an aircraft, then you get FLCAS and then full autopilots that can even land

Now someone in the nebraska can make living selling to somebody in Zimbabwe fairly easily. The whole gig economy is new - Airbnb, Uber, task rabbit.

at level , a revolution, technically at the code level maybe, but to the pilot, if you serve/fly long enough, you see increasing improvements that hopefully redue your workload, becuase on the other hand, you are giving more to do

sure, but transportion costs going down is nothing new, that's the global order we subsidize I mentioned above

USN/USMC gurantee sealanes are going to be open, air lanes mostly open, etc. information tech has made the coordination easier because of real-time communicatoins between businesses etc

Those companies are revolutionary new ways to make money.

Or are the start

uber is revolutionary? it's just a taxi company that had enoguh legal muscle to take on the taxi cartels that run most local meter-based transport

imo, uber's revolution was the legal strategy. people tried before but could never fight the taxi medallion cartels

they are the fusion of several other technological improvements in positioning, routing algos, payment processing, identity management

No. Its the business model that's revolutionary. the company perspective they are using assets that aren't there generate money providing it connection between buyers and sellers.
For a driver for spective that we are renting out our cars OurTime for little gigs. Yes this is revolutionary

..sorry for typos..its early

I think virtual servers are a revolution, like AWS, etc, because they let you divorce logical systems from hardware, which were a dramatic human resources issues for many companies

uber takes advantage of that

Sure... like I said the internet changed everything