Daily Archives: January 17, 2018

Bits and Pieces – 20180117, Wednesday

Commentary: In law, hearsay carries little weight. It is the “he said … she said” conundrum. When it comes down to a person’s word, it actually carries little weight. When it might, the credibility of witnesses is attacked vigorously, especially when no other proof of position is available.

A moment of illumination occurred tonight as I watched a video in which the commentator pointed out that there is no evidence that Trump uttered the “shithole” remark about countries that the expression aptly describes. Apparently, the assertion that he made it comes from the Washington Post, a demonstrably anti-Trump source of “fake news”, whose reporters were present at a White House meeting. No audio or video record of the meeting has come to light although the White House has said that they have such, being now standard practice to record all meetings.

That the MSM and the Liberal intelligentsia have had an orgasm over the attributed comment is of no surprise. What really hit me though was the fact that I had assumed the comment was true without any thought or question. I hope I will be more vigilant in the future, even if I do not report anything on the the issue I am considering as s the case here..

Robotics In the Labour Market

We have been capturing references to robots and their impact on the labour market. We believe that the trend to displace human workers will continue across ever more industries. Targets are high paying  and simple routine jobs. The trend will continue as robotics costs decline and labour market costs – wages and benefits – increase. We are already seeing robots appearing in fast food restaurants offsetting increases in minimum wages.

People argue that low-paying jobs may be eliminated but high-paying highly skilled jobs will be created. While undoubtedly true, the numbers are asymmetrically biased against the low-paying jobs, the labour pool for which is growing due to our immigration policies and the decline of the educational system. The social impact is the area to be concerned about.*

People will buy a Big Mac served by a robot instead of a person if it is cheaper. And the people that argue we should simply boycott this trend are irrelevant. They lost the battle of Walmart against the downtown core of small-town America and they will lose this one.

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