Entry from Matt Sedillo 12/5/2015
Zero to Expert in Eight Hours: These Robots Can Learn For Themselves
Artificial intelligence: ‘Homo sapiens will be split into a handful of gods and the rest of us’
This is a Tipping Point: Robots “Cheaper Than Any Human Worker” Means the End of Jobs
October 20, 2015
Stephen Hawking Says We Should Really Be Scared Of Capitalism, Not Robots
47% Of All Jobs Will Be Automated By 2034, And ‘No Government Is Prepared’ Says Economist
The end of capitalism has begun
Friday 17 July 2015 06.00 EDT
Entered on 4/24/2015
Workers over 50 are the new ‘unemployables’
Global Capitalism and the Global Police State: Crisis of Humanity and the Specter of 21st Century Fascism
Global Research, April 21, 2015
Bloomberg News, 3/19/2015
Now Reading: Wages Haven’t Been This Crucial to U.S. Economy in Half Century
Bloomberg Business News
(Bloomberg) — When it comes to U.S. economic growth, wages may never have been this important.
The link between earnings and consumer spending has been tighter in this expansion than in any other since records began in the 1960s, according to calculations by Tom Porcelli, chief U.S. economist at RBC Capital Markets LLC in New York.
Wages have become even more critical as households, still shaken after being caught with too much debt when the recession hit, remain unwilling or unable to tap home equity or let credit-card balances balloon to buy that new television or dishwasher. By not overextending themselves again, Americans are only spending as much as their incomes will allow, meaning that 70 percent of the economy is riding on how fast pay rises.
“In an environment where credit is not being used in a material way, the fate of wages matters,” Porcelli said. “They’re doing all of the driving from a consumption perspective.”
Entered on 3/14/2015
The European Union’s (Other) Deflationary Driver – Job Computerisation
Submitted by Tyler Durden on 03/11/2015 18:25 -0400