Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?

Via: The Economic Collapse Blog

By Michael, on February 4th, 2013

Will a robot take your job? We have entered a period in human history when technology is advancing at an exponential rate. In some ways, this has been a great blessing for humanity. For example, I am absolutely blown away by all of the things that my little iPod can do. But on the other hand, all of this technology is eliminating millions upon millions of high paying jobs. In the past, I have written extensively about how millions of American jobs have been sent to the other side of the world, but now we may be moving into a time when workers all over the planet will be steadily losing jobs to super-efficient robots. For employers, robots provide a lot of advantages to human workers. Robots never complain, they never get tired, they never need vacation, they never show up late, they never waste time of Facebook, they don’t need any health benefits and there are a whole lot of rules, regulations and taxes that you must deal with when you hire a human worker. In the past, robots were exceedingly expensive, and that limited their usefulness in the workplace, but as you will see later in this article that is rapidly changing. As robots continue to become even more advanced and even less expensive, will there eventually come a point where the “human worker” is virtually obsolete?

Read more: here

Yes…
-Moose

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More Than 101 Million Working Age Americans Do Not Have A Job

Via: The Economic Collapse Blog

By Michael, on April 7th, 2013

The jobs recovery is a complete and total myth. The percentage of the working age population in the United States that had a job in March 2013 was exactly the same as it was all the way back in March 2010. In addition, as you will see below, there are now more than 101 million working age Americans that do not have a job. But even though the employment level in the United States has consistently remained very low over the past three years, the Obama administration keeps telling us that unemployment is actually going down. In fact, they tell us that the unemployment rate has declined from a peak of 10.0% all the way down to 7.6%. And they tell us that in March the unemployment rate fell by 0.1% even though only 88,000 jobs were added to the U.S. economy. But it takes at least 125,000 new jobs a month just to keep up with population growth. So how in the world are they coming up with these numbers? Well, the reality is that the entire decline in the unemployment rate over the past three years can be accounted for by the reduction in size of the labor force. In other words, the Obama administration is getting unemployment to go down by pretending that millions upon millions of unemployed Americans simply do not want jobs anymore. We saw this once again in March. According to the U.S. Bureau of Labor Statistics, more than 600,000 Americans dropped out of the labor market during that month alone. That pushed the labor force participation rate down to 63.3%, which is the lowest it has been in more than 30 years. So please don’t believe the hype. The sad truth is that there has been no jobs recovery whatsoever.

If things were getting better, there would not be more than 101 million working age Americans without a job.

Read more: here

Hey…That’s not what Fox News said…
-Moose

The Economic Ignorance of Barack Obama

Via: Defining Ideas

April 9, 2013
by Richard A. Epstein

If we want better jobs numbers, we need to deregulate labor markets.

One story has dominated the economic news this past weekend. The story is that job creation has slowed to a “trickle,” in the words of a Wall Street Journal headline. Only 88,000 new jobs were created in the month of March. That feeble rate was accompanied by the “good” news that the jobless rate, which only counts those actively seeking work as unemployed, had dropped from 7.7 to 7.6 percent.

The real news was that the decline in the unemployment rate was explained by the separation of nearly half a million people from the workforce, so that labor-force participation shrunk from about 67.3 percent in early 2000 to about 63.3 percent today. A crude first approximation of the real unemployment rate would add back at least 4 lost percentage points. A more accurate estimation of the actual unemployment rate would account for those individuals who were out of the market by 2000 in part because of the impediments to market performance that were already in place.

With these weak numbers, the political discussion has continued to focus on job creation and economic growth: How should these goals be accomplished? On “All Things Considered,” I heard E.J. Dionne advise that the Federal Reserve should keep its foot on the accelerator, by opening the cash spigot and keeping interest rates at their historic lows. At the same time, the rest of the government should put worries about the deficit aside—or so the argument goes—by increasing public expenditures funded in part through higher taxes on the top one percent. David Brooks rightly disparaged that prescription, but still was unable to identify that “big structural change” he hoped would turn the economy around.

Read more: here

Yeah…Dope means good…
-Moose

Living in Obama’s Mad House

Via: Canada Free Press

We are living in a mad house called America, courtesy of Barack Obama

Alan Caruba Sunday, March 24, 2013

Like everyone else I get up each day and do my best to make sense of my life. I turn on “Fox and Friends” while I pour a cup of my morning coffee. I give a quick read to The Wall Street Journal’s editorials and scan the news until later in the day when I devote more time to its content. I spend about an hour at the beginning of each day, reading and responding to those emails I have not deleted as fraudulent schemes or matters of no interest.

I “surf” the news and opinion sites to which I contribute and move on to The Drudge Report, a news aggregator that has an influence on the day’s issues comparable to Rush Limbaugh. The news is invariably bad whether it is about the nation’s imperiled economy, the gridlock in Congress, or events around the world. As an old journalist I understand well that bad news sells and good news is relegated to the “lifestyle” or “entertainment” sections of the newspaper or news sites.

Rush caught a lot of heat recently when he said he was “ashamed” of America, but I think a lot of us are ashamed of a nation being run by people of low-to-no character that we elected to office. We are ashamed of ourselves for being duped by some Republicans who are more closely aligned with Democrats, of a Republican Party that seems hapless and unable to unite around its values with a strong message of fiscal prudence, strong defense, and a host of other issues upon which we generally agree.

The United States used to feel like a rational place where, even when we had differences, they would be negotiated, compromises would be made, and our general welfare would be the guiding principle. We used to have cause to believe that the Constitution would determine our governance, but after four years without a budget and government still funded by “continuing resolutions”, there is cause to believe otherwise.

We used to have confidence that the Supreme Court would interpret that Constitution in ways that even the average citizen would if they took the time to read it. Obamacare blew that up. Declaring it a “tax” and ignoring its totally unconstitutional mandate to purchase insurance or be fined if you do not, the Court left the door open for worse mischief.

We now lurch from crisis to crisis with no resolution in sight. The cliché of “kick the can down the road” has become an everyday expression to describe a government that governs via presidential executive orders, ever more regulations, and the aforementioned continuing resolutions.

Americans cannot buy guns fast enough in the face of a government trying to negate the Second Amendment. It says “the right of the people to keep and bear arms shall not be infringed.” That’s definitive. ‘The people’ is us!

Read more: here

When Truth Is Suppressed Countries Die — Paul Craig Roberts

Via: Paul Craig Roberts

March 14, 2013

Over a decade during which the US economy was decimated by jobs offshoring, economists and other PR shills for offshoring corporations said that the US did not need the millions of lost manufacturing jobs and should be glad that the “dirty fingernail” jobs were gone.

America, we were told, was moving upscale. Our new role in the world economy was to innovate and develop the new products that the dirty fingernail economies would produce. The money was in the innovation, they said, not in the simple task of production.

As I consistently warned, the “high-wage service economy based on imagination and ingenuity” that Harvard professor and offshoring advocate Michael Porter promised us as our reward for giving up dirty fingernail jobs was a figment of Porter’s imagination.

Over the decade I repeated myself many times: “Innovation takes place where things are made. Innovation will move abroad with the manufacturing.”

This is not what corporations or their shills such as Porter wanted to hear. Corporations were boosting their profits by getting rid of their American employees and replacing them with lowly paid foreigners. Porter’s job was to reassure the sheeple so that no outcry would materialize against the greed that was hollowing out the US economy.

Now comes a study conducted by 20 MIT professors and their graduate students that concludes on the basis of the facts that “the loss of companies that can make things will end up in the loss of research than can invent them.” http://www.manufacturingnews.com/news/mit0305131.html

I am pleased to be vindicated by MIT. Of course, the professors are too late. The loss has already occurred. Nevertheless, it will be interesting to see if the MIT professors can be heard through the orchestrated disinformation.

Read more: here

Top 10 Things to Say to an Obama Voter Who Just Got Laid-Off…

Via: The Reaganite Republican

16 March 2013

1. “Hey, at least that successful Mormon businessman didn’t win.”

2. “Didn’t your lady parts warn you this would happen?”

3. “Look at the bright side- gay marriage passed in four states.”

4. “Hey, Big Bird still has a job. Isn’t that the important thing?”

5. “I am sure Obama cares deeply about your situation. Maybe he’ll send you a postcard from Hawaii.”

6. “Would it make you feel better to know that Rush Limbaugh’s getting a massive tax increase?”

7. “Now you’ll have more time to play with your unicorn.”

8. “Isn’t it worth losing your job to know that religious organizations now have to pay for abortions and contraceptives?”

9. “Well, now you and Keith Olbermann have something else in common.”

10. “Forward!”

It Takes a B.A. to Find a Job as a File Clerk

Via: The NY Times

By CATHERINE RAMPELL
Published: February 19, 2013 1026 Comments

ATLANTA —The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job.

Consider the 45-person law firm of Busch, Slipakoff & Schuh here in Atlanta, a place that has seen tremendous growth in the college-educated population. Like other employers across the country, the firm hires only people with a bachelor’s degree, even for jobs that do not require college-level skills.

This prerequisite applies to everyone, including the receptionist, paralegals, administrative assistants and file clerks. Even the office “runner” — the in-house courier who, for $10 an hour, ferries documents back and forth between the courthouse and the office — went to a four-year school.

“College graduates are just more career-oriented,” said Adam Slipakoff, the firm’s managing partner. “Going to college means they are making a real commitment to their futures. They’re not just looking for a
paycheck.”

Read more: here

It Is Twenty Times Easier To Get Into Princeton Than To Get A UK Part-Time Coffee Barista Job

Via: Zero Hedge

As the Brits await anxiously for tomorrow’s employment data – with their currency plunging courtesy of reality and Carney’s vocal intervention – it appears the job market in blighty is truly dismal. We know it is tough to get into Harvard (5.9% acceptance rate); we recently discussed the difficulty of attaining a flight attendant position at Delta (1.4% acceptance rate – 300 positions for 22,000 applicants); but that’s nothing compared to the difficulty in attaining a role at the UK’s Costa Coffee. 1700 people applied for 8 positions (0.47% acceptance rate) at a high street coffee house in Mapperley, Nottingham. Just three of the jobs were full-time – and paid between $8 and $15 per hour. Just as in the US, The Daily Mail notes unemployment is actually falling according to official figures, but the demand for relatively low paying jobs tells a different story, as unsuccessful candidates include senior managers with over 15 years experience in retail. The jobs were only listed on the firm’s website and on a local building – and attracted this kind of attention leaving the company “amazed at the level of interest.”

Read more: here

The New Age of Falsity

Via: National Review

We live in an age of falsity, in which words have lost their meanings and concepts are reinvented as the situation demands. The United States is in a jobless recovery — even if that phrase largely disappeared from the American lexicon about 2004. Good news somehow must follow from a rising unemployment rate, which itself underrepresents the actual percentage of Americans long out of work.

At the same time, we are supposed to be relieved that we are in a contracting expansion, where fewer goods and services are proof of a resilient economy. In our debt-ridden revival, borrowing $1 trillion each year is evidence that we don’t have a spending problem.

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ALL IS WELL!!!

Via: The Burning Platform

I woke up this past Saturday morning and opened my local paper to find out that all was well. An Associated Press article declared a healthy jobs market, fantastic auto sales, a surging housing market, and a stock market rocketing to new all-time highs. What’s not to love? If the mainstream media says the economy is as good as new, it must be so. Why should we let facts get in the way of a good storyline? The stock market has surged to 2007 highs, so the country’s employment situation must be strong.

Read more: here

Don’t Fire An Employee And Leave Them In Charge Of The Corporate Twitter Account

Via: Forbes

Yesterday HMV, the beleaguered British entertainment retailer, laid off 190 employees, in an effort to cut costs and right its balance sheet. The company apparently pulled a large group into human resources and gave them the bad news. While this was going on, one employee, Poppy Rose, who had been an HMV community manager and thus had access to the corporate Twitter account, started live tweeting about the layoffs.

Read more: here