Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Hard automation

My Thoughts

Will Your Job Survive the Fourth Wave of Technological Unemployment?

As you can see all four waves of Technological Unemployment are ongoing and simultaneous. The phenomenon is driven by technological progress, a development that began long before our grandparents were born and will be ongoing long after our grandchildren are dead.

It also means that there are several threats to our jobs as technologies and techniques from the different waves get combined. For example an automobile, a first wave machine can be combined with a computer; a third wave device, and an artificial intelligence – a fourth wave technology – to produce a self-driving car.

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Market Insanity

Bill Gates wants Robots to Pay Income Tax

The world’s richest man wants robots to pay income tax – if they take humans’ jobs.

Bill Gates endorsed the idea of a “robot tax;” on automations that replace human workers, in video interview with Quartz editor in chief Kevin Delaney.

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My Thoughts

How Technology Kills Jobs and Drives Income Inequality

The idea that technology destroys jobs, impoverishes people and makes income inequality worse is a hard one to swallow, particularly

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