I have been lonely in my concern with the dire economic implications of robotics, but now Clarity Press has provided me with some company by publishing The Artificial Intelligence Contagion by David Barnhizer and Daniel Barnhizer.
After taking an honest look at the facts, I don't know how anyone can possibly claim that the U.S. economy is "booming".
While the aggregate U-3 US unemployment rate fell to its lowest since Dec 1969 (matching the initial jobless claims records), we suspect President Trump will be more glowingly positive about another data item that dropped this morning.
The world's largest fast food company will be just fine. But what about workers?
McDonald's now hiring SENIORS because they actually show up... This is what happens when an entire generation of youth flat-out refuses to work: McDonald's now hiring SENIORS because they actually show up
The BEA finally caught up with the government shutdown. It released February and March spending and income data today.
Nearly 102 Million Americans Do Not Have A Job Right Now – Worse Than At Any Point During The Last Recession
Young adults are the last to be hired and first to be fired. They are the most economically fragile segment of the population and their levels of employment offer the first signs of economic stress.
There's something strange about the idea of a minimum wage.
Author and philosopher Roger Scruton was fired from his position as an adviser to the UK government on housing after he accurately stated that "Islamophobia" was "a propaganda word invented by the Muslim Brotherhood".
Last week, the Bureau of Labor Statistics (BLS) published the March monthly "employment report" which showed an increase in employment of 196,000 jobs. As Mike Shedlock noted on Friday:
Just like we witnessed during the last recession, major retailers are laying off tens of thousands of workers, and it looks like this will be the worst year for store closings in all of U.S. history.
Countries who expanded women's property rights also saw a tangible economic benefit.
The latest creation from Softbank's Boston Dynamics looks ready for actual work.
Jacob Vigdor is Professor of Public Policy and Governance at the Evans School of Public Affairs at the University of Washington, and a Research Associate at the National Bureau of Economic Research.
No sooner did news break that Ford will be laying off 5,000 workers in Germany than it was also reported that the company's CEO, Jim Hackett, saw his pay rise to $17.75 million in 2018, despite what can only be described as a lackluster year for the
File this one under: surprise pundit-network pairings.
Ford and Volkswagon both announced major job cuts. But Ford won't disclose how many until the deed is done.
Despite a contract that prohibits MGM from using robots to displace workers, the casino seeks to implement those plans.
Get good grades. Get a good job. Get a college education. Work your way up the ladder. You might become a millionaire. But you are always relying on someone else determining how valuable you are. According to the U.S. Debt Clock, in this land o
US companies deployed more robots last year than ever before - as advanced machines capable of specialized tasks have come down in price and availability, reports Reuters.
You can learn a lot about humans by growing potatoes.
Update 3: After more than two hours of radio silence, Gov. Andrew Cuomo, who swooped in to take credit for the deal after it was announced late last year, has issued a statement on Amazon's decision...and as one might have expected, he didn't hesitat
As reporters and editors find themselves the victims of layoffs at digital publishers and traditional newspaper chains alike, journalism generated by machine is on the rise.
If words are a medium of creative human communication, how can an inhuman AI computer program add to knowledge? The answer is that it cannot, and in fact, it dumbs it down. Why should "artificial" replace the real thing? ? TN Editor
Someone who's trained as a nurse in California doesn't magically forget those skills when they cross the border into Arizona. The same is true for plumbers, electricians, makeup artists, and pretty much any person working in any other licensed profes
During the last century, everyone from John Maynard Keynes to The Jetsons predicted that in the future, technological advances would drastically cut down the number of hours the average person would need to work to keep the economy going. Why didn't
As a programmer which one of the choices would you prefer? Mailing endless resumes while waiting for that one call, or participating in a live coding challenge to test your skill sets?
The decisions by Amazon and Google to expand into the New York area have led some pundits to claim that the nation's high-tech economic future will be shaped in dense urban areas.