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    Robert Reich Says Our Economic Model is Failing Us

    Robert Reich Says Our Economic Model is Failing Us

    In a post titled “Why automation means we need a new economic model” former Secretary of Labor Robert Reich explains why our current version of capitalism is becoming increasingly dysfunctional. He starts by comparing the numbers of employees in companies now with the numbers in the past: “At its prime in 1988, Kodak, the iconic […]

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    100% Unemployment Video

    100% Unemployment Video

    Our new opinion/documentary video, 100% Unemployment, is now online. This 7-minute video looks at the increasing trend of displacement of workers by robots and smart machines. This trend is also leading to increased income inequality. But some people see the potential for a new renaissance in a world where no one needs to work. Could […]

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    Office Robot

    Enter the Economists

    It’s important to me to have an understanding of the macro-trends in our economy. That’s one reason I’m so interested in this topic of technology and employment. In my mind, it’s one of the bigger trends and is only now beginning to be widely discussed. The economists I follow most often and rely on for business […]

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    Social Equity

    Moving Toward “Authentic Equality and Individualism”

    An op-ed piece in the L.A. Times titled “The American Way over the Nordic Model? Are we crazy?” provides some perspective on the way we do things and how we may need to change in the future. Among other things it questions why U.S. “top chief executives are paid 300 to 400 times as much […]

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    Need we fear AI?

    Is AI an existential threat?

    Several notable technology (Elon Musk) and scientists (Stephen Hawking) have expressed concern about Artificial Intelligence (AI) and human existence. I for one do not believe we truly have anything to fear. As I’ve said on this site and elsewhere, we cannot stop the advance of technology anyway. So we have no choice but to recognize […]

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    Self-driving Cars

    Pundits and the Autonomous Car

    The pundits that I’ve recently heard are saying things like, “Driver-less cars are sure to come but they are at least a decade away.” Maybe so, depending on how you want to define when they are actually “here.” While the Wall Street Journal isn’t my go-to source for technology, they frequently have very interesting articles […]

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The first self-driving big rig licensed to operate in the US

Via Engadget: “A Daimler-built autonomous truck can now legally operate on the highways of Nevada. Gov. Brian Sandoval has officially granted the “Freightliner Inspiration Truck” a license for road use in the state, making it the first of its kind to navigate public roads in the US.” Read more…

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China Plans a Wholesale Replacement of Workers with Robots

The N.Y. Times has begun a six-part multimedia series titled Robotica about the effect robots are having on “way we do business and conduct our daily lives.” This first part examines the Chinese government’s rush “to develop and deploy a wide variety of robots for use in thousands of factories.”

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Paul Tudor Jones II: Why we Need to Rethink Capitalism

In his TED Talk Paul Tudor Jones II said: “… we as a society have come to view our companies and corporations in a very narrow, almost monomaniacal fashion with regard to how we value them, and we have put so much emphasis on profits, on short-term quarterly earnings and share prices, at the exclusion […]

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Book Review: The Internet Is Not The Answer by Andrew Keen

Andrew Keen is not keen on the internet and where it’s taking us. Keen has taken on the conventional wisdom that the internet is a democratizing force lending power to the little guy and disrupting the old school “bad guys.” A strongly opinionated polemic, the passion of the converted believer is palpable in his writing. […]

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When Machines Replace Middle Management

This post on the Forbes website describes how managers are now being replaced by automated systems.

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The wonderful and terrifying implications of computers that can learn

What happens when we teach a computer how to learn? Technologist Jeremy Howard shares some surprising new developments in the fast-moving field of deep learning, a technique that can give computers the ability to learn Chinese, or to recognize objects in photos, or to help think through a medical diagnosis.

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Fei-Fei Li: How we’re teaching computers to understand pictures

In this TED Talk computer vision researcher Fei-Fei Li describes major advances in the ability of computers to recognize objects in photos. At the same time, she recognizes current limitations. One important point she discusses is a change in the strategy for creating smart algorithms. Instead of software engineers trying to codify all the rules […]

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Lawyers, Attorneys

Legal Profession Threatened by Computers

Thomas H. Davenport, writing in the Wall Street Journal, says: [The legal profression is] “on the verge of a major transformation involving automation and the use of technology to make intelligent legal decisions. The legal profession, already suffering from an excess of supply over demand, could be decimated unless lawyers embrace smart machines much more […]