Robotization Archives - Market Mad House

daniel December 11, 2016December 11, 2016 $4.798 trillion in pension obligations, Digitalization, Four Economic Problems, Income Inequality, many Americans cannot afford housing, new foreclosure crisis, real estate bubble, Robotization, Student loan debt in the US reached $1.2 trillion, Technological Unemployment, The Public Pension Crisis., The strong US dollar, Two Long term Economic Nightmares

Six Things about the US Economy that should scare you to Death

The Public Pension Crisis. State and local governments across the nation have accumulated $4.798 trillion in pension obligations, but they have only $3.607 to cover the promises to employees, The Hoover Institution calculated. That means they will have to come up with $1.91 trillion, and the most likely place it will come from is cutting basic government services.

My Thoughts

daniel December 4, 2016 Cultural Luddites, dangerous new generation of luddites, different varieties of Luddite, Digitalization, Economic Luddites, Luddism, luddite, Luddite movement, ncome Inequality, new Luddite movement, Religious Luddites, Robotization, Romantic Luddites, romantic past, Technological Unemployment, The Flavors of Luddism, The Luddites, The Luddites are coming!!, Trump and the Luddites, Who the Luddites will be, Why the Luddites are coming

The Luddites are coming!!

We must learn to understand Luddism and deal with it because the Luddites are coming. Many of them are already here but many more are on the way. If technologists do not find ways of dealing with Luddites and their arguments there will be violence and people will get hurt.

My Thoughts

daniel November 27, 2016 basic income scheme, Communism, confiscatory taxation, Even Darker Visions of the Future, Exterminism, Four Futures: Life After Capitalism, How Robotization can Make Income Inequality Worse, Industrial Revolution in Reverse, Marxist utopia, neo-feudal society Mad Max, Peter Frase, plutocracy, Rentism, Richard B. Freeman, robot machine substitutes for humans, Robotization, technological and economic paradigm shift, The New World Economy, three laws of robo-nomics, Who Owns the Robots Rules the World, Why you should be Scared of Robotization

Why you should be Scared of Robotization

“There is also nothing in economics that guarantees that the humans displaced from jobs by robots will end up with new jobs that pay as much as their former jobs, or pay enough to attain a middle-class lifestyle,” Freeman noted. “The main thing to fear today is not joblessness, but a future in which the earnings of workers are stagnant or falling (as robots take a greater share of high-productivity jobs), and the share of income going to the owners of the machines increases.”