Rumpelstiltskin!
On Tue, Apr 1, 2014 at 6:33 PM, Eugene Coyle <[email protected]> wrote: > Annie Lowry, a journalist usually better than this drek, writes: > > > > Yet that does not necessarily mean that half of all journalists -- or > half of all Americans, for that matter -- will lose their jobs to the > robots, never to reclaim them. Economists refer to this fear as the "lump > of labor" fallacy, the incorrect assumption that there is a finite amount > of work to be done, and that the more robots do, the less there will be for > the rest of us. In the past, after all, humans have proved remarkably adept > at thinking up new things to do when plows, cows, steam trains and > dishwashers arrived to help free up some of our time. > > > Oh, she says, > > "... there might be a rough period of transition as median wages keep > falling for American families. Workers -- especially those without college > degrees -- will continue to find themselves less and less valuable in the > marketplace." > > Spare me those rough transitions. Sometimes they have lasted 15 years for > the USA, and this one looks to be perpetual. For individuals they can last > a lifetime. But never mind, it is just that old fallacy that economist > quickly put down. > > ISN'T THERE ANY SHAME ABOUT PRINTING THIS STUFF IN THE PAPER OF > RECORD? And Brynjolfsson KNOWS he's disembling. In Race Against the > Machine they explicity stated that the unemployed "... can be a majority or > even 90% of the population." Got to sell those books. > > > > http://www.nytimes.com/2014/04/06/magazine/hey-robot-which-cat-is-cuter.html?emc=edit_tnt_20140401&nlid=9633259&tntemail0=y > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Cheers, Tom Walker (Sandwichman)
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