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Is the High Cost of Housing Crushing Wages?

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, SEPTEMBER 06, 2017

The authors’ thesis doesn’t explain the 47-year downtrend of labor’s share of the economy.

A provocative essay, Don’t Blame the Robots, makes the bold claim that “Housing Prices and Market Power Explain Wage Stagnation.” (Foreign Affairs) In other words, the stagnation of the bottom […]

Why Super-Efficient School Bus Routes Could Wreck the US Economy

mauldineconomics.com / BY PATRICK WATSON / AUGUST 29, 2017

Everyone is worried about robots. Elon Musk fears they will kill us all if we give them both deadly weapons and autonomy.

He certainly has a point, but the non-lethal scenarios are no picnic either. Robots are already taking over human jobs at a rapid […]

Elon Musk (& 115 Other ‘Experts’) Urge Outright Ban Of ‘Killer Robots’

zerohedge.com / by Tyler Durden / Aug 21, 2017 3:55 PM

Building on his apocalyptic vision of the future (as writ by Terminator-style Skynet domination or Robocops walking the streets), Tesla CEO Elon Musk (and 115 other like-minded ‘experts’) have penned an open letter to The United Nations urging the outright ban of the […]

ELON MUSK AND OTHERS CALL FOR A BAN ON KILLER ROBOTS

If you're not concerned about AI safety, you should be. Vastly more risk than North Korea. pic.twitter.com/2z0tiid0lc

— Elon Musk (@elonmusk) August 12, 2017

thedailysheeple.com / DAWN LUGER / AUGUST 21, 2017

Elon Musk is leading 116 “experts” around the globe to petition the United Nations for an all out ban […]

Robot Caused Anxiety: Blame the Robots, Even for the Election

mishtalk.com / Mike “Mish” Shedlock / August 14, 2017

Robots are taking our jobs says the Brookings Institute.

This causes “Robot Anxiety“, but not everywhere, just in the Red states that swung the election to Trump.

Robots, it turns out, are congregating densely in some places but are hardly found in others. Specifically, […]

Elon Musk Doubles Down On AI Scare: “Artificial Intelligence Vastly More Risk Than North Korea”

zerohedge.com / by Tyler Durden / Aug 12, 2017

With the world’s attention focused on the Korean Peninsula and the growing threat of global thermonuclear war, Tesla CEO Elon Musk has bigger things to worry about. In a series of ‘alarming’ tweets on Friday, Musk warned the world should be more worried about […]

Why Robots Will Win the Coming Trade Wars »

mauldineconomics.com / BY PATRICK WATSON / JULY 25, 2017

The first step to surviving a war is knowing which side you are on. But in a trade war, that’s not always easy.

Suppose the US imposed tariffs on steel imported from the European Union. Prices on goods made with that steel would probably rise, but […]

The Future Of Artificial Intelligence: Why The Hype Has Outrun Reality

zerohedge.com / Via Knowledge@Wharton / Jul 16, 2017

Robots that serve dinner, self-driving cars and drone-taxis could be fun and hugely profitable. But don’t hold your breath. They are likely much further off than the hype suggests.

***

A panel of experts at the recent 2017 Wharton Global Forum in Hong Kong outlined […]

How Big Could A Correction Be?

zerohedge.com / by Lance Roberts via RealInvestmentAdvice.com / Jul 5, 2017

“There is nothing wrong with America that the faith, love of freedom, intelligence, and energy of her citizens cannot cure.” – Dwight D. Eisenhower

“If we just stick together, and remain true to our ideals, we can be sure that America’s […]

Chinese Manufacturers Are Scrambling To Replace Workers With Robots As Wages Soar

zerohedge.com / by Tyler Durden / Jul 5, 2017

Tepid wage growth has been frustrating Americans for years. But if trends in China’s manufacturing sector have any bearing on the US, there’s an upside to stagnant pay: Workers get to keep their jobs – for now, at least.

In China – where real […]

Autonomous Future: Disruptive Forklifts, AGVs, and Battery Swapping Devices for Cars

mishtalk.com / Mike “Mish” Shedlock / July 2, 2017

In my previous post, we discussed Fully Autonomous Electric Feeder Ships. Fully autonomous forklifts are even less sexy, but they have a potential to be far more disruptive.

Veronica Pascual, the founder of Asti, builds AGVs, or automated guided vehicles such as fork-lifts, stackers and […]

Manufacturing Might Come Back to the US, but Robots will Get the Jobs: Apple CEO

wolfstreet.com / by Wolf Richter / May 4, 2017

Robots are the Great Equalizer.

Apple will invest in and promote “advanced manufacturing” in the US, CEO Tim Cook told CNBC’s Jim Cramer on Wednesday after the somewhat uninspiring earnings report. It was one of the ways Apple would create jobs in America, he said. […]

“Technology Has Changed The Game”: Why The Rise Of Robots Will Be A Permanent Deflationary Force

zerohedge.com / by Tyler Durden / May 2, 2017 6:02 AM

Back in 2015, BofA put together a simple equation trying to explain the pervasive deflationary wave around the globe when it said that “Deflation = Debt plus Disruption plus Demographics.”

In his overnight take on recent events, Bloomberg macro commentator Mark Cudmore took […]

When Low-Wage Workers Are Better than Robots

mises.org / Justin Murray / April 19, 2017

Time and time again, these pages have listed numerous benefits of automation and robotics. The discussions point out that mechanization doesn’t make us poor, that attempting to tax machines is counter-productive. Automation even makes our jobs safer as we can offload dangerous tasks to a metal […]

How Many Jobs Do Robots Destroy? Answers Emerge

wolfstreet.com / by Wolf Richter / Mar 29, 2017

But this isn’t the industrial revolution.

How many jobs do robots – whether mechanical robots or software – destroy? Do these destroyed jobs get replaced by the Great American Economy with better jobs? That’s the big discussion these days.

The answers have been soothing. Economists […]

Do You Want to Restore Manufacturing Employment? Smash the Robots!

financialsense.com / Paul Kasriel / 03/06/2017

There has been much public discussion about the demise of US manufacturing jobs and policies to restore manufacturing employment. Indeed, as shown in Chart 1, in absolute as well as relative terms, US manufacturing employment has declined in the post-WWII era. In absolute terms, US manufacturing employment started […]

Minimum Wage Massacre: Wendy’s Unleashes 1,000 Robots To Counter Higher Labor Costs

zerohedge.com / by Tyler Durden / Feb 27, 2017 6:05 PM

In yet another awkwardly rational response to government intervention in deciding what’s “fair”, the blowback from minimum wage demanding fast food workers has struck again. Wendy’s plans to install self-ordering kiosks in 1,000 of its stores – 16% of its locations nationwide.

“Last year […]

Most Government Workers Could Be Replaced By Robots, New Study Finds

zerohedge.com / by Emily Zanotti / Feb 8, 2017

A study by a British think tank, Reform, says that 90% of British civil service workers have jobs so pointless, they could easily be replaced by robots, saving the government around $8 billion per year.

***

The study, published this week, says that […]

French First Round Socialist Primary Winner Proposes Tax on Robots, Universal Income, Right of Foreigners to Vote

mishtalk.com / Mike “Mish” Shedlock / January 22, 2017

France24 reports Benoît Hamon and Manuel Valls take top spots in first round of left-wing primary in a field of seven candidates.

Let’s take a look at other reports, then we will look at Hamon’s amazing platform.

Bloomberg notes Valls, Hamon Qualify for French Socialist […]

We’re All Low-Skilled Workers Now

mauldineconomics.com / BY PATRICK WATSON / JANUARY 10, 2017

The news headlines after last Friday’s jobs report proved it again: Life is hard (and getting harder) for low-skilled workers. Illegal immigrants take their service industry jobs. Robots take their manufacturing industry jobs.

According to the media, many low-skilled workers have simply given up. They’re dropping […]

The New Killer Robots to be Unleashed During Martial Law to Eliminate High Value Targets

thecommonsenseshow.com / By Dave Hodges / December 25th, 2016

The next generation of Killer Robots is indeed frightening. They are programmed to eliminate high value targets that are leaders in the resistanc of the NWO.

The details are in the video.

READ MORE

Robots Will Soon Take Over Building London Skyscrapers Says CEO of Large UK Construction Firm

mishtalk.com / Mike “Mish” Shedlock / September 28, 2016

Alison Carnwath, chairman of one of the UK’s largest construction firms says the Era of Robots is at hand.

Thousands of builders will lose jobs as machines take over building London skyscrapers.

Skyscrapers in the City of London could soon be built by robots […]

The Number One Enemy of Humanity Has Arrived On Your Doorstep

thecommonsenseshow.com / By Dave Hodges / September 21st, 2016

There are some issues, not many, that transcend the importance of the present election cycle we are in. Speaking for myself, I am highly concerned that a one-day extinct humanity has reached the point of no return with regard to the creation of the so-called […]

Investment Banks in Danger as Robots Winning Current War: BAML

financialsense.com / VALUEWALK / 09/02/2016

Technology is moving to disrupt as many business models as it can and investment banks are not immune, an August 26 91 page Bank of America Merrill Lynch report points out. Banks in the European Union are struggling with different challenges than some of their US or Japanese counterparts. […]

Zume Pizza Robots, Uber’s Security Robots, Local Delivery Robots Invade London

mishtalk.com / Mike “Mish” Shedlock / July 13, 2016

It’s been a while since discussing robots. Here are three new robot stories.

Uber’s Security Robots

Fusion reports Robots Cheaper than a Security Guard.

Uber drivers who pay a visit to the company’s inspection lot near Mission Bay in San Francisco will be met with […]