Tag Archives: robotics

Bits and Pieces – 20170224, Friday

Commentary: I had come to the point of thinking that writing and presenting factual material had little value other than to myself – which is why I continue to do so. In conversations with people I had noticed that when presented with facts contrary to their position they seemed to back off but fail to change their position. Here’s support for that observation: Why Facts Don’t Change Our Minds. To note: “Once formed, impressions are remarkably perseverant.” This points to our early life as the formative stage for many of our narratives about the world. It also shows the danger the school system poses when it strays beyond the 3 Rs.

The writer notes “People believe that they know way more than they actually do. What allows us to persist in this belief is other people.” This is due to the sociability nature of our species. The application of this principle to current events (Trump) is enlightening since”as a rule, strong feelings about issues do not emerge from deep understanding,” but from what we hear from friends and read in the MSM, particularly if it reinforces what we already believe we know (confirmation bias).

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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