Race to Stagnation
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The Fastest-Growing Jobs of This Decade (and the Robots That Will Steal Them)

The Fastest-Growing Jobs of This Decade (and the Robots That Will Steal Them) | Race to Stagnation | Scoop.it
There will be work. But who will do it?
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This Is the Man Bill Gates Thinks You Absolutely Should Be Reading - Wired Science

This Is the Man Bill Gates Thinks You Absolutely Should Be Reading - Wired Science | Race to Stagnation | Scoop.it
Jon Teets's insight:

"Apple! Boy, what a story. No taxes paid, everything made abroad—yet everyone worships them. This new iPhone, there’s nothing new in it. Just a golden color. What the hell, right? When people start playing with color, you know they’re played out."

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Apple Supplier Foxconn to Invest Millions in Pennsylvania

Apple Supplier Foxconn to Invest Millions in Pennsylvania | Race to Stagnation | Scoop.it
Foxconn Technology Group, the Taipei-based maker of Apple Inc.’s iPhone, plans to invest $40 million in Pennsylvania to develop robotics, joining other manufacturers seeking to build products in the U.S.
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Podesta Starting a Think Tank on Inequality

Podesta Starting a Think Tank on Inequality | Race to Stagnation | Scoop.it
John Podesta, a former Clinton chief of staff and Obama adviser, will be joined by the economists J. Bradford DeLong and Heather Boushey at what he is calling the Washington Center for Equitable Growth.
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The coming brain drain in U.S. manufacturing - Fortune Management

The coming brain drain in U.S. manufacturing - Fortune Management | Race to Stagnation | Scoop.it
More than 200,000 skilled factory jobs are going begging. A wave of Boomer retirements could make the labor shortage even worse.
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Brad DeLong : Trying Yet Again to Get a Proper Frame for Tomorrow's Uncharted "Robots" Conversation...

Four things create value: 1. Gross manipulation of matter and energy. 2. Fine manipulation of matter and energy. 3. Interacting with humans. 4. Thinking of new things to do, and thinking of better ways to do things.
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Why the future will be unfair

Why the future will be unfair | Race to Stagnation | Scoop.it
An economist argues that the US needs to start looking at inequality (as, indeed, do other developed economies) in a more dispassionate and analytical way.
Jon Teets's insight:

Having chronicled the US’s economic vulnerability in The Great Stagnation, Cowen, an economist at George Mason University in Virginia, says we have entered the age of “hypermeritocracy”, in which the top 10 to 15 per cent of Americans are “extremely wealthy” and lead “fantastically comfortable lives” and the rest work in “stupid and frustrating” jobs for falling or stagnant wages.

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Nike to tackle rising Asian labour costs - FT.com

Nike is to tackle rising labour costs at its Asian factories by “engineering the labour out” of its shoe and clothing production as it seeks to defend its profits.
Jon Teets's insight:

Robots replacing labor. The trend is picking up steam, even in sectors that traditionally have required a laborer's fine motor skill advantage over the machine.   

 

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Sympathy for the Luddites

Sympathy for the Luddites | Race to Stagnation | Scoop.it
What happens when good jobs disappear? It’s a question that’s been asked for centuries.
Jon Teets's insight:

"...the nature of rising inequality in America changed around 2000. Until then, it was all about worker versus worker; the distribution of income between labor and capital — between wages and profits, if you like — had been stable for decades. Since then, however, labor’s share of the pie has fallen sharply. As it turns out, this is not a uniquely American phenomenon. A new report from the International Labor Organizationpoints out that the same thing has been happening in many other countries, which is what you’d expect to see if global technological trends were turning against workers."

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Is Automation the Handmaiden of Inequality? | MIT Technology Review

Is Automation the Handmaiden of Inequality? | MIT Technology Review | Race to Stagnation | Scoop.it
The odd coincidence of stagnating wages and a measure of productivity that excludes machines.
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Curious Cat Investing and Economics Blog

Curious Cat Investing and Economics Blog | Race to Stagnation | Scoop.it
Curious Cat Investing and Economics Blog: posts on investing, economics, personal finance, stocks, retirement, economic data...
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Fed Stimulus Blunted as Software Replaces Hardware: Economy (1)

Fed Stimulus Blunted as Software Replaces Hardware: Economy (1) | Race to Stagnation | Scoop.it
Mike Nobis saw how the financial
crisis led his customers to postpone orders until the last
minute, forcing his 100-year-old family printing business to
work faster to deliver on time.
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Which of the 11 American nations do you live in?

Which of the 11 American nations do you live in? | Race to Stagnation | Scoop.it
A fascinating new look at the cultural differences between the 11 nations that make up North America.
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Flipping Supreme: An Underground Clothing Store in Chinatown

Flipping Supreme: An Underground Clothing Store in Chinatown | Race to Stagnation | Scoop.it
A look inside Unique Hype Collection, which buys items from the fashion brand Supreme, waits until they have sold out, and then resells them at significant markups.
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Median wage falls to lowest level since 1998 | Al Jazeera America

Median wage falls to lowest level since 1998 | Al Jazeera America | Race to Stagnation | Scoop.it
Commentary: While incomes and jobs stagnate, top earners and corporate profits continue to gain
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The practice of practising – Telegraph Blogs

The practice of practising – Telegraph Blogs | Race to Stagnation | Scoop.it
The following article appears in the November/December issue of International Piano magazine. For full, free access to the other articles in that issue see here.
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Megyn Kelly grills Lou Dobbs, Erick Erickson - Mackenzie Weinger

During a heated interview on Friday, Fox News’ Megyn Kelly blasted her colleagues Lou Dobbs and Erick Erickson for the controversial comments they made this week about women in the workplace.
Jon Teets's insight:

I guess I missed this one, oh dominant one.  

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Our Broken Social Contract

At their core, are America’s problems primarily economic or moral?
Jon Teets's insight:

Some pundits have recently been widening the scope of possible causes for our national troubles.  Perhaps they've gotten a taste for complexity now they've had time to see how many were complicit in the economic crisis (the poor who didn't know enough to realize they really couldn't afford that loan, the administrations that pushed lenders to make it easier, the average Joes who suddenly went all speculative, the average Joes that got a taste for spending their new-found equity on the good life, the predatory lenders, the flippers, the quants whose models didn't run simulations for housing market drops bigger 15%, risk assessors inside and outside of firms who couldn't differentiate triple-A from their morning consitutional (especially since it was so profitable when the instruments when instruments were structured by a cow), their upper management who kept the foot to the floor, senate finance committee leadership moving to Iowa to run for president, the decline in real knowledge of anything but politics among congress-critters, the mutual capture of lobbyists and congress-critters, a press, most of which still hasn't figured it out what happened and a populace who somehow thinks that one party or the other is right.)


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The Jobs Crisis at Our Best Law Schools Is Much, Much Worse Than You Think

The Jobs Crisis at Our Best Law Schools Is Much, Much Worse Than You Think | Race to Stagnation | Scoop.it
More than a fifth of students from some top-tier programs are underemployed.
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Book Review: Race Against The Machines

Book Review: Race Against The Machines | Race to Stagnation | Scoop.it
h+ Magazine is a new publication that covers technological, scientific, and cultural trends that are changing human beings in fundamental ways.
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Creative Destruction: At Davos, Google's Eric Schmidt Dismisses Jobs Crisis

Creative Destruction: At Davos, Google's Eric Schmidt Dismisses Jobs Crisis | Race to Stagnation | Scoop.it
DAVOS, Switzerland -- Eric Schmidt, the executive chairman of Google, is clearly tired of modern-day Luddites complaining about the job-destroying forces of technology.
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Labor Efficiency: The Next Great Internet Disruption | TechCrunch

Labor Efficiency: The Next Great Internet Disruption  | TechCrunch | Race to Stagnation | Scoop.it
For more than a decade now, the Internet has done a great job of making things in our day-to-day lives more efficient by easily connecting parties who can have a mutually beneficial personal or business relationship.
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