Thursday, April 18, 2013

Robot Will Make Economic utopia?

The robot coming! Every day it seems we hear another story of robots and automation blame for the loss of not just labor, but the middle class as well as the types of jobs that pay enough to fund retirement, health care plans, and home mortgages. The darkness deepened over the work goes deeper than the robot. The rapid spread of the digital economy has reached a critical mass, transforming the industry and replaced by workers of all kinds. Think of high speed trading on Wall Street. The lightning-fast trading accounts for most of the volume on the main stock exchanges, more actions are persuaded computers and software to communicate with other computers and software, managed and supervised by no more than a relative small number of children of high paid workers. (As reported Wharton School says, "In the time it takes to read this sentence, tens of thousands of high-speed, automated computer transaction may occur." ;) Forget lament it. Yes, it is easy to imagine a future dystopian defined by technological unemployment and underemployment of life for the working masses. But the economic revival, auto Digitized is good news. The potential gain efficiencies and increase productivity confusing. We inflection point comparable to the First Industrial Revolution in the 18th century and the Industrial Revolution two centuries later. Opportunities offered by the capacity of the wealth-forming machines, bits and bytes, algorisms, and artificial intelligence fundamental shift in our social concerns of "how best to generate growth" to "how best to distribute the wealth. "" Productive side of the economy is in good shape, but the distribution is a major problem, "said W. Brian Arthur, visiting scholar at Palo Alto Research Center Intelligent Systems Laboratory. "The big issue from 2010 to the distribution of wealth of all, bring them into the hand of man." Boilerplate talking points in Washington, DC, about hiking taxes or cutting spending seems beside the point. Understanding just redistribute wealth to ignore the fact that the return to work is not only measured in wages. Work is the lead agency in the community. Work is a social environment, birthday celebrations and coffee klatches, objective and (hopefully) definition. People who work an average of less depression than those who do not. People with jobs feel connected to the wider community. Work can and should be mentally stimulating and emotionally appealing. "For most people, work is a community," says Meir Statman, a finance professor at Santa Clara University.Will work there? Estimated Safe is yes. For one thing, the history of technology shows optimism proper standard assumptions. The march of technological innovation and create jobs destroyed. The Hilton Cincinnati Netherland Plaza opened in downtown Cincinnati in 1931, a prime example of the art deco French in America. In the corner of the lobby is amazing photographs from the early years. One shows a long line of women in the management of a hotel telephone bank, while another picture with a group of people working in the basement run a publishing house for the day-to-day hotel newsletter and menu. This work is long gone, replaced by e-mail and desktop publishing. But there are no jobs webmaster until the 1990's, and application developers to smartphones until the late 2000s. "The work that we can not imagine today," said Mark Thoma, an economist at the University of Oregon.For another, it is not hard to see where at least some job growth will occur in the coming years. The huge Baby Boom generation aging, the demographic estimates that more than 19 percent of the population 65 and older in 2030, up from 13 percent in 2010. They will need a lot of care, and are located mostly in home.Problem, home health care is a job with one of the highest concentrations of low-paying jobs set to grow in 2020, according to calculations from the Economic Policy Institute. At least 45 percent of all employees who work in agriculture, personal care, construction and maintenance of the environment, and health care support to get at or below income poverty. This work often do not have pensions and health benefits.Redistributing wealth created by the digital economy and the robot must focus on ways to expand the number of jobs while also strengthening workers' compensation. Economists have done a lot of work on the use of tax credits, wage subsidies and similar incentives to encourage employers to supplement their salary cup payroll.Boosting to work at the same time is very important. The approach may be to extend the earned Income Tax Credit (EITC), a large U.S. antipoverty programs. Families with children and earn an annual income of less than $ 36,900 to $ 50,300 (depending on marital status and number of dependent children) are eligible for the federal EITC. University of Arizona sociologist Lane Kenworthy proposed EITC encourages higher middle class. Rather than to phase out certain income level, it would just be a flat benefit is indexed to average compensation. "Insurance against the risk of falling further behind wages," said Kenworthy. "This is the concept of social insurance have jobs at its core." Over the last 300 years or more, the economy is how wealth is distributed through work, coupled with the pressure of union pay, child labor laws, pensions and share-only property strategy. Traditional methods are separated during recent decades. Inequality has soared, and the Great American Job Machine sputtered. We now have the opportunity to reverse the trend with the takeover of robots, computers, and algorithms. The challenge of our high-tech economy is how to make a hefty cut of the treasure of the machine and offer ordinary people the truth of jobs at a decent wage and compensation. Development.

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