Recognizing what we owe each other
Let's say the cost to produce a widget is $1. What's the cost to produce 1 million widgets?
This may sound like an extremely simple word problem that even some preschoolers could solve. However, if you think the answer is $1 million, you would be entirely wrong.
The cost to produce 1 million widgets is far below $1 million thanks to . . .
Discussing the future of work is all the rage these days. Some say we're on the verge of the robot apocalypse of jobs. Others say jobs will always be created in sufficient numbers (and at sufficient rates) and that everything will be fine. Regular readers know where I fall on this particular question, that either way, our goal should be . . .
My latest article on HuffPost Politics
I published a new article yesterday on HuffPost Politics that they actually put on the front page of The Huffington Post. It's called "Humanity Needs Universal Basic Income in Order to Stop Impeding Progress".
Putting humans out of work should be a public relations win, not a loss, and so mankind needs to make sure no . . .
My article in the Ideas section of the Boston Globe
My first ever article to be published in the Boston Globe is now available online. It's titled "Robots Will Take Your Job". For those in and around the Boston area, this story will also be in the Sunday print edition on February 28th. So please pick up a copy if you can.
In it I explain how quickly artificial intelligence (AI) . . .
The effects of technology on job creation/destruction by skill level
That's the highly cited estimate out of Oxford by Frey and Osbourne of the percentage of existing jobs that are likely to be automated away with the help of technology within the next two decades. According to this paper, flip a coin and call heads or machines to see if your job will exist in 20 years. This is . . .
The question of slowing productivity amidst rising automation
The Fall of Human Labor
The latest numbers are in, and there are now more people not working in the US as a percentage of the total population, than ever in the last 38 years. It's being called the "new normal."
The percentage of Americans in the workforce — defined as those who either have a job or are actively seeking one — . . .
My latest article on Medium
Read the article I published on Medium on May 15th, 2015.
Just as our roads a decade from now will be full of machine drivers instead of human drivers, a 21st century economy shall be driven by human consumers, not human workers, and these consumers must be freely given their purchasing power. If we refuse, if we don’t provide . . .