Tag Archives: robots

Bits and Pieces – 20170302, Thursday

The War on Cash: Some insight into the motivations for the state to move to a cashless society: The Tyranny Of A Cashless Society Coming?

Climate: Here’s a 2013 summary of the climate and the scientific drivers of climate. Warning: these views are politically incorrect:

Bits and Pieces: “These people are mean. I’m out’a here.”

The thing to note is the incredible agility of the bot. On uneven terrain it uses its arms and shifts its center of gravity in exactly the same way other animals such as humans perform the same unconscious compensation. It is unlikely the bots software was programmed for this performance because the demands are too intricate. Rather it likely uses a new paradigm whereby the bot learns on its own. I read early experiments at MIT going back a decade where they were experimenting with various insect-like bots (8 legs) that were using self-learning algorithms.

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.

Links are below:

Bits and Pieces – 20170207, Tuesday


Trump: Commentary on the dissention within the ranks of the Deep State: Trump’s Enemies Within. And then there are the enemies without: Is Soros The Source Of Funds Behind The “Muslim Ban” Lawsuits? A small historic event: DeVos Confirmed As Education Secretary After Pence Casts First Ever VP Tiebreaking Vote.

WWIII: A good observation comes from Steve Bannon quoted in: Steve Bannon: ‘We’re going to war in the South China Sea … no doubt’. He pegs Islam and China as the two geopolitical antagonists because they are expansionist in ambition.

“You have an expansionist Islam and you have an expansionist China. Right? They are motivated. They’re arrogant. They’re on the march. And they think the Judeo-Christian west is on the retreat,”

Here’s an insightful review of events in Eastern Europe from the 20th century to date. The dangers of WWIII emerging from the breakup of the EU are real: Eastern Europe & World War III.

Climate: In 2015, a paper came out of NOAA that allegedly debunked the “hiatus” observation in global temperature increse. Here are two references that show that the paper was deeply flawed scientifically and politically motivated to support the Obama administrations support for the Paris agreement: ClimateGate 2 – NOAA Whistleblower Claims World Leaders Fooled By Fake Global Warming Data and Climate scientists versus climate data.

Bits and Pieces: More MSM bias if you’re interested: Why Is the New York Times Lying about Trump? And then this piece from a Fox News interviewer: “But he’s a killer though. Putin’s a killer.” (read Trump Defends “Killer” Putin On National TV: “We’ve Got A Lot Of Killers – You Think Our Country’s So Innocent?”). Well let’s start with Bush and Obama with their foreign wars and particularly their drone policies.

The collapse of Catholicism in Quebec parallels the collapse of the traditional social structure in Canada: Quebec: The Crisis Of The West.

Here’s a historical summary of US currency manipulation: Trump Tower Accord to Replace Plaza Accord?. Note the observation that when the euro destructs, the dollar will soar. Normally gold moves inversely w.r.t. the dollar. In this case it move with the dollar as a safe haven for euro funds.

I save links to articles on robotics and automation (I’m well over 100 and this is passive collecting). To give you an idea where things are at and where they are headed fast, read Amazon Plans Robotic Supermarket Staffed by 3; Chinese Factory Eliminate 90% of Humans, Defects Drop 80%. The world has too many people. The amount of human labour that we have is excessive by far and becoming increasingly more so. This is the argument for stopping all immigration and not accepting more refugees. They are a already a net liability. The article also tells you who Loblaws’ biggest competitor will be in the near future (5-10 years) – Amazon. I don’t see any serious competitor for Amazon – a well-named company.

Facts on US immigration for the anti-Trump crowd: As The Political Spin Continues, Here Are Some Key Facts About Refugees And The U.S.

Bits and Pieces – 20161210, Saturday

What We’re Reading Today

Commentary: I’m going to feature a concept that I have been chewing on for a while. The idea is that each revolution in human productivity rising with the industrial revolution has displaced a huge number of workers. People that try and dispel the fear that such job losses create unemployment argue that the technology of the revolution spawns new jobs in new industries that absorb the displaced labour force. While this has been apparently true in recent times, such people miss a key point.

Each technological revolution creates jobs that require a higher level of education/training and skill than the laid off workers have. This has become identifiable in the “knowledge revolution” where the required skill and education levels have moved up to requiring community college or university degrees.

To get an idea of the current state of employment in the US and by inference, Canada and other developed countries, read: Paul Craig Roberts – The Matrix Of Lies And What The Elite Are Really Up To Is Terrifying. In short the government defines the employment rate in a manner that excludes a large number of employable people while burying the fact that a lot of the jobs do not pay a living wage.

To see what’s coming next, read: Rise Of The Machines: Millions Of American Jobs Will Be Wiped Out In The Next Five Years. Government pronouncements of creating jobs are delusional. Bringing in a large immigrant population because we need their skillsdoes not change the current number of unemployed but increases the future number of unemployed when and immigrant lucky to land a job is displaced in the future. Programs like the 35,000 refugees with their education and skill levels simply moves the crisi forward in time.

Finally, the strongest argument supporting the idea of the start of a large permanently unemployed segment of society comes from the nature of the final stage of the industrial revolution that we are now in. The core product of this stage is the creation of labour and service units, growing in sophistication, that will displace large numbers of workers previously thought immune to automation.

The Minimum-Wage Fight, Chinese Factories, and the Rise of Robot

Below is a free email from Mauldin economics that we reproduce because we couldn’t find a link to it.

September 15, 2015

I was raised on a small vegetable farm near Tacoma, Washington. My father hired lots of high school kids to work the fields in the summer.

In February of 1968, when the minimum wage was increased from $1.40 an hour to $1.60 an hour, I overheard some of my father’s employees excitedly talking about the 20-cent raise they were about to receive.

Of Lettuce and Lives

We have been tracking the progress of robotics in the workplace – not actively – but simply by capturing links to references as they appear in our daily reading. We took an extensive look at the outlook for jobs in July, 2012: What’s the Future for Jobs?. In that article we had a section near the end on robots in the workplace. We have continued to update the section and the latest entry comes from John Mauldin’s Forecast 2014: The Human Transformation Revolution

John has got to be one of the most widely read and highly connected individuals writing today. At one point he claimed that his Thoughts from the Frontline had a readership of over one million. It is likely more today. John is very positive about man’s future due to technological innovation. He sees us as on the edge of medical advances that will extend lives significantly and cure diseases that afflict millions today. He sees an industrial revolution through robotics and new materials with amazing properties that will revolutionize all fields of technology and industry in the years ahead.

What’s the Future for Jobs?

There are a number of trends in the labour market that do not bode well for a prosperous future for North America and its citizens. We began to collect these from various sources to create a larger picture. Then came Chairman Bernanke’s Jackson Hole speech followed by the September FOMC meeting. Both had a focus on restoring employment and introduced QE3 which will continue until the unemployment rate is down, probably under 6%. The Fed’s premise is that unemployment is cyclical and their QE or LSAP policies are benefiting the economy.

We believe that the Fed’s premises are we wrong and were recently encouraged to advance this topic in the essay: Signs of a Structural Change in the US Economy. The latter followed in turn from other recent posts including our commentaries on the Jackson Hole speech and recent Fed policy announced in the September FOMC meeting. Altogether, we will show that the unemployment situation is structural and the Fed’s policy of QE will fail to restore employment to expected levels.

In this essay Click on any image to open in a new window to enlarge it. Our own research is courtesy of FRED® from the St. Louis Fed.

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