Wednesday, August 24, 2016

Welcome Robots

C-3PO: Is there anything I can do?
Luke Skywalker: Not unless you can alter time, speed up the harvest, or teleport me off this rock.
--Star Wars

Another nice contribution that counters the robot fallacy. One particularly noteworthy quote: "Simply put, jobs that robots can replace are not good jobs in the first place."

The author also observes that capital seeks to destroy low productivity work in favor of work that produces more output/hr. That more wealth per unit of human exertion, not less.

He also notes that in 1962, JFK worried about "how to maintain full employment at a time when replacing men."

Technology always creates more jobs than it destroys. Since JFK's question, US employment has nearly tripled.

Automation increases focus on the strengths of human capital: intelligence and flexibility.

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