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.


  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.

  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.

    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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