Mai 23, 2013
Norbert Wiener was at MIT legend. He taught at the Institute for a long time (after getting his PhD from Harvard at age 17), where he epitomized the absent-minded professor. Of the legion of perhaps-apocryphal stories about him, my favorite was related by fellow mathematician Howard Eves,
When he and his family moved to a new house a few blocks away,...
Mai 17, 2013
Mai 9, 2013
A couple months back I drew a graph of the employment rate, workforce participation rate, and employment-to-population ratio and argued that the unemployment rate was going down not because people were going back to work in huge numbers, but instead because they were dropping out of the labor force. I said:
The simplest and, I believe, best explanation for what’s going on here is that the US...
Mai 3, 2013
April 24, 2013
April 16, 2013
April 9, 2013
Imagine a world where the robots did all the work. They tend the crops, sew the clothes, cook the food, drive the trucks, and work on all the assembly lines in all the world’s factories.
In this world, everything would be a lot cheaper because labor costs would drop to zero. In fact, there’d be a startling abundance of stuff. And people would be freed up to do things other than work. We could use our time to explore, create, perform, craft, mingle, and so on because we wouldn’...
März 27, 2013
If you want to see the difference between sophisticated and unsophisticated thinking and writing about technology’s effects on the workforce, look no further than two recent posts, both from the conservative side of the house.