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Krugman: It's Now 'Possible To Replace People With Machines'

Krugman: It's Now 'Possible To Replace People With Machines' | leapmind | Scoop.it
The rise of machines is in part to blame for growing income inequality, according to Paul Krugman.
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Jim Lerman's curator insight, February 3, 2013 11:55 PM

While I generally find myself in agreement with Krugman's interpretations, I think he misses something important in this analysis. Since the advent of the industrial revolution, machines have replaced humans in doing repetititve physical labor. In our current digital age, machines can now replace humans in doing repetitive cognitive labor (such as making travel reservations, flling tax returns, and financial bookkeeping). The formerly white collar workers, who were relatively well compensated, are no longer needed.

 

Capital has always favored machines over humans because they are cheaper and more productive. With the rise of artificial intelligence, machines will soon be capable of doing non-routine cognitive labor as well (Big Blue defeats human chess master).

 

While Krugman isn't wrong, I think (at least in this piece) he lets capitalists (as opposed to capital) off the hook. The greed manifested in the grossly exaggerated compensation packages of some fraction of this population is at least as responsible for income inequality as the march of technology.

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Talking about positive future could help make it happen

Talking about positive future could help make it happen | leapmind | Scoop.it
Although the bold future discussed in many of my articles does not generate overwhelming support from the masses, the many scientists, writers, and interested people who do buy into much of this future believe that it has an excellent chance of...
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Adjusting Dials on Circuits in the Human Brain: Andres Lozano at TEDxCaltech

Andres Lozano, M.D., Ph.D., is professor and chairman of neurosurgery at the University of Toronto and holds both the R.R. Tasker Chair in Functional Neurosu...
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Longevity gene points to 'fountain of youth' - Telegraph

Longevity gene points to 'fountain of youth' - Telegraph | leapmind | Scoop.it
A "longevity gene" can help boost the production of blood cells by reversing the decline of stem cells in old age, a study suggests.
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Microsoft / Technion effort mines old news for predictions

Microsoft / Technion effort mines old news for predictions | leapmind | Scoop.it
(Phys.org)—Microsoft Research and Technion-Israel Institute of Technology have been working on software that can predict events.
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From Humanism to Transhumanism

From Humanism to Transhumanism | leapmind | Scoop.it
Source: Transhumanity.net. Our understanding about ourselves and about our relationships with nature around us has increased significantly due to the continuous advances in science and technology.
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Drone Home

Drone Home | leapmind | Scoop.it
They fight and spy for America abroad. But what happens when drones return home?
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Neuromarketing: Tapping Into the 'Pleasure Center' of Consumers - Forbes

Neuromarketing: Tapping Into the 'Pleasure Center' of Consumers - Forbes | leapmind | Scoop.it
Harvard Business School marketing professor Uma R. Karmarkar explains how raw brain data is helping researchers unlock the mysteries of consumer choice.
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The Difference Between Citizen and DIY Science

The Difference Between Citizen and DIY Science | leapmind | Scoop.it
As some folks know, I’m leading a discussion this afternoon on citizen/DIY science and research ethics, with my co-moderator, Dr. Judy Stone.
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Introducing Graphene

Short film produced by the European Graphene-Flagship initiative, introducing graphene, the 'wonder substance' set to revolutionise the electronics industry.
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Cyborg Possibilities – The Head (Part One)

Cyborg Possibilities – The Head (Part One) | leapmind | Scoop.it
It has been a while since I last talked about prosthetic devices. For reference, see here, here, and here. This is part one in a several part series, but I intend to put out the whole series over the next week.
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33rd Square | Revolutionary IBM Microscope Technique Yields Resolution 100 Times Smaller Than an Atom

33rd Square | Revolutionary IBM Microscope Technique Yields Resolution 100 Times Smaller Than an Atom | leapmind | Scoop.it
A pioneering team from IBM has published single-molecule images so detailed that the type of atomic bonds between their atoms can be seen in the images.
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Thinnest graphene sheets react strongly with hydrogen atoms; thicker sheets are relatively unaffected

Thinnest graphene sheets react strongly with hydrogen atoms; thicker sheets are relatively unaffected | leapmind | Scoop.it
(Phys.org)—Single sheets of graphene, a curious material only 1 atom thick, are 100 times more chemically reactive than double or triple sheets, Stanford scientists say in a new paper published online Jan.
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Food Companies Meet to Weigh Federal Label for Gene-Engineered Ingredients

Food Companies Meet to Weigh Federal Label for Gene-Engineered Ingredients | leapmind | Scoop.it
A move by Wal-Mart to require labels on products that contain genetically engineered ingredients could be influential in developing a national labeling program.
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Plant geneticists demonstrate new means of boosting maize yields

Plant geneticists demonstrate new means of boosting maize yields | leapmind | Scoop.it
A team of plant geneticists at Cold Spring Harbor Laboratory (CSHL) has successfully demonstrated what it describes as a 'simple hypothesis' for making significant increases in yields for the maize plant.
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James Hughes - Automation & the Decline of Human Employment - Borderlands Books

Why the Fight Against Austerity Today Lays the Foundation for a Sexy, High-Tech Future: Politics and economics have yet to face the fact that an increasingly...
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7 Best-Case Scenarios for the Future of Humanity

7 Best-Case Scenarios for the Future of Humanity | leapmind | Scoop.it
Most science fictional and futurist visions of the future tend towards the negative — and for good reason. Our environment is a mess, we have a nasty tendency to misuse technologies, and we’re becoming increasingly capable of destroying ourselves.
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Researchers Create 3D Microchip Using Nanotechnology

Researchers Create 3D Microchip Using Nanotechnology | leapmind | Scoop.it
Scientists from the University of Cambridge have created, for the first time, a new type of microchip which allows information to travel in three dimensions.
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The End of the Web, Search, and Computer as We Know It | Wired Opinion | Wired.com

The End of the Web, Search, and Computer as We Know It | Wired Opinion | Wired.com | leapmind | Scoop.it
It all began with the “lifestream,” a phenomenon that I predicted in the 1990s and shared in the pages of Wired almost exactly 16 years ago.
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Fahad Al-Attiya: A country with no water | Video on TED.com

Imagine a country with abundant power -- oil and gas, sunshine, wind (and money) -- but missing one key essential for life: water.
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Discovery in synthetic biology takes us a step closer to new 'industrial revolution'

Discovery in synthetic biology takes us a step closer to new 'industrial revolution' | leapmind | Scoop.it
Scientists report that they have developed a method that cuts down the time it takes to make new 'parts' for microscopic biological factories from 2 days to only 6 hours.
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With Evolved Brains, Robots Creep Closer To Animal-Like Learning

With Evolved Brains, Robots Creep Closer To Animal-Like Learning | leapmind | Scoop.it
The most nightmare-inducing characteristic of Big Dog, DARPA’s robotic military mule, might be the way it moves so stiffly, yet unrelentingly, over treacherous battleground.
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