TuffaloDeac10
🌹☭
Lord Robert Skidelsky brings the heat on Project Syndicate:
http://www.project-syndicate.org/co...-in-a-world-of-automation-by-robert-skidelsky
I realize none of this has to do with Obama or Benghazi and might therefore be an unattractive topic of conversation for some here, but this is by far the most interesting thing around for me. What do y'all think about the rise of the robots?
More here:
http://www.aeonmagazine.com/living-together/john-quiggin-keynesian-utopiav1/
http://ftalphaville.ft.com/2012/06/07/1031561/beyond-scarcity-the-parable-of-water/? (registration required)
http://www.businessinsider.com/paul-krugman-articles-about-robots-2012-12 (rather than linking direct to all PK's blog entries on the subject)
Lots of links:
http://theleisuresociety.tumblr.com/post/39057729530/the-tech-debate-blasts-off-a-linkfest
http://www.project-syndicate.org/co...-in-a-world-of-automation-by-robert-skidelsky
What impact will automation – the so-called “rise of the robots” – have on wages and employment over the coming decades? Nowadays, this question crops up whenever unemployment rises....
As a recent article in the Financial Times points out, in two areas notoriously immune to productivity increases, education and health care, technology is already reducing the demand for skilled labor. Translation, data analysis, legal research – a whole range of high-skilled jobs may wither away. So, what will the new generation of workers be trained for?
Optimists airily assert that “many new types of job will be created.” They ask us to think of the lead drivers of multi-car road trains (once our electric cars join up “convoy-style”), big data analysts, or robot mechanics. That does not sound like too many new jobs to me.
Imagine a handful of technicians replacing a fleet of taxi drivers and truckers, a small cadre of human mechanics maintaining a full robot workforce, or a single data analyst and his software replacing a bank of quantitative researchers. What produces value in such an economy will no longer be wage labor...
It is not true that automation has caused the rise of unemployment since 2008. What is noticeable, though, is that structural unemployment – the unemployment that remains even after economies have recovered – has been on an upward trend over the last 25 years. We are finding it increasingly difficult to keep unemployment down...
No doubt some of the claims made for robots replacing human labor will prove as far-fetched now as they have in the past. But it is hard to resist the conclusion that “technological unemployment,” as John Maynard Keynes called it, will continue to rise, as more and more people become redundant.
The optimist may reply that the pessimist’s imagination is too weak to envisage the full range of wonderful new job possibilities that automation is opening up. But perhaps the optimist’s imagination is too weak to imagine a different trajectory – toward a world in which people enjoy the fruits of automation as leisure rather than as additional income...
Today we find a great deal of work-sharing in poor countries. It is the accepted means of making a limited amount of available work go around. Economists call it “disguised unemployment.”
If escape from poverty is the goal, disguised unemployment is a bad thing. But if machines have already engineered the escape from poverty, then work-sharing is a sensible way of “spreading the work” that still has to be done by human labor.
If one machine can cut necessary human labor by half, why make half of the workforce redundant, rather than employing the same number for half the time? Why not take advantage of automation to reduce the average working week from 40 hours to 30, and then to 20, and then to ten, with each diminishing block of labor time counting as a full time job? This would be possible if the gains from automation were not mostly seized by the rich and powerful, but were distributed fairly instead.
Rather than try to repel the advance of the machine, which is all that the Luddites could imagine, we should prepare for a future of more leisure, which automation makes possible. But, to do that, we first need a revolution in social thinking.
I realize none of this has to do with Obama or Benghazi and might therefore be an unattractive topic of conversation for some here, but this is by far the most interesting thing around for me. What do y'all think about the rise of the robots?
More here:
http://www.aeonmagazine.com/living-together/john-quiggin-keynesian-utopiav1/
http://ftalphaville.ft.com/2012/06/07/1031561/beyond-scarcity-the-parable-of-water/? (registration required)
http://www.businessinsider.com/paul-krugman-articles-about-robots-2012-12 (rather than linking direct to all PK's blog entries on the subject)
Lots of links:
http://theleisuresociety.tumblr.com/post/39057729530/the-tech-debate-blasts-off-a-linkfest