Does capitalism, with its accompanying technological disruptions, create more jobs than it destroys? Conventional wisdom says unequivocally “yes.” Each new wave of innovation eventually brings new jobs in number and value far greater than those it displaces. Telegraph readers become…
All over the world now you can enjoy the privilege of buying government debt that pays you a negative yield. In effect, you are paying a small premium to the issuing government for the privilege of carrying their debt. This…
Two stories caught my eye this week for their potential impact on labor markets, immigration policy and wider issues. The first involves a new computer chip being introduced by IBM based on the neural architecture of the human brain. From…
The list of jobs which cannot be automated continues to shrink, largely to the benefit of consumers. Milking machines have been reducing dairy costs for almost a century, but robotic technology is now being deployed to replace the dairy farmer.…
It would wise to revisit our assumptions about what computers can and cannot do. Many of us were surprised at the development of computers that could defeat a human at Chess or on the game-show Jeopardy! While those achievements were…
GOPLifer 