Car manufacturing giant Volkswagen hopes to put more robots to work as it bids farewell to its retiring baby boomers, the company's Chief of Human Resources wrote in newspaper Süddeutsche Zeitung, reports thelocal.de.
While previous technological advances created at least as many jobs as they destroyed, there’s reason to be concerned that for artificial intelligence, that may not be the case. For entrepreneurs, the trick is to balance on the cutting-edge of technology without forgetting its impact on society.
As we previously noted, only the highest income earners have seen any gains in compensation since the crisis began around 2007 to the current 'recovery' tops. It is perhaps not entirely surprising then that, the total income controlled by the Top 1% is drastically above that of the slave-included times of Ancient Rome and as high as the peak in the roaring 20s. "The greatest irony is that the President is railing against inequality as one of the most important problems of the day, despite the fact that his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough."