Market Mad House

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

The Bleak Future of the American Middle Class

Grocery Wars

Technological Unemployment Grows Worse Walmart Kills 7,000 Jobs

Walmart’s actions show us what a huge problem technological unemployment is becoming. It is hard to automate labor intensive jobs like bagging groceries or stocking shelves, but easy to automate clerical work. After all most clerical work can be done by an algorithm that works for free, but an algorithm cannot stock a shelf.

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