Wednesday, March 4, 2015

Robots won't harm employment unless they will

Be Calm, Robots Aren’t About to Take Your Job, MIT Economist Says (WSJ)

Wait a minute, yes they are: Robots are hurting middle class workers (Larry Summers)

A good illustration of why the "science" of economics is a fraud. As the old saying goes, if you lined up all the economists in the world end-to-end they still couldn't reach a conclusion.

3 comments:

  1. Changing technology requires a changing economic system. But it is easier to change technology than the economic system. All those Sci Fi novels I grew up on in which we were waited on hand and foot by robots- well, Sci Fi writers tend not to be economists. It is true- what we have now is a distribution problem, not a wealth problem- at least in the "developed" countries. But as we run into the limits of resource limits and climate change, that may change.

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  2. You've been saying this since the earliest days of your blog, as I pointed out in Robots are coming for our jobs. I build that entry around a Discovery News video that ended up mostly dismissing the idea, but at least that mainstream pro-science and technology news source was willing to consider the possibility.

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    Replies
    1. On another SciFi is Now note, I paid you a tribute in my most recent entry, Richistan and political news from the second year of Crazy Eddie's Motie News. Stop on by. Your comments are always welcome!

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