July 6, 2016

WHY DO WE DESERVE TO SUFFER?:

The American people deserve better jobs. Passing new laws is not the solution (Peter Morici, July 06, 2016  FoxNews.com)

The U.S. economy is growing again--about 2.5 percent annually in the second quarter and going forward--but good jobs remain scarce and wage gains lackluster. New technologies are reducing the demand for workers but poor government policies are making matters worse.

Friday, the Labor Department is expected to report the economy added 180,000 jobs in June, but this is partially catch up after a Verizon strike hammered down the May figure. The monthly average was about 113,000 from April to June, and that's about half the pace from 2013 to 2015.  

The robotics and artificial intelligence revolution is all around us--even if we don't yet have an android doing our housework.

Uber brings patrons cars without the dispatchers that once took calls at the local car services.  At Amazon Prime, customers point and click without the aid of sales clerks and packages are increasingly assembled by robots at fulfillment centers.  

Tasks requiring complex manual dexterity have proven tougher to replace but automated checkouts are spreading, and robots are at the cusp of not just taking orders at McDonald's but also grasping and handing you hamburgers, fries and soft drinks.

Globalization accelerates these trends by forcing more aggressive substitution of machines for high-wage Americans in factories.

The next generation of Boeing jetliners will be assembled with more robots--moving and fixing components into place. What few people are left will be greatly assisted, for example, by Google Glass and software that aid in assembling the complex wiring and programming of cockpits.

Thankfully, globalization and cometition focus us on replacing the rest of the jobs with automation.
Posted by at July 6, 2016 4:39 PM

  

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