Davos 2014 - Forum Debate: Rethinking Technology and Employment
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http://www.weforum.org/ As economies see productivity rise and jobs decline, is technological innovation in the 21st century driving jobless growth? Debating the question: · Erik Brynjolfsson, Professor, Sloan School of Management, Massachusetts Institute of Technology, USA · Philip J. Jennings, General Secretary, UNI Global Union, Switzerland · Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University, USA · Gita Wirjawan, Minister of Trade of Indonesia Moderated by · Thomas L. Friedman, Columnist, Foreign Affairs, The New York Times, USA
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Literally had this conversation earlier about technology advancing, and few needed to be employed. Though, the cost of things are on a rise steadily. When technology reduces the ability to make money, why is money still so necessary? Why is inflation still taking off? More and more people will find themselves with less opportunities to earn enough to live on.
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It's a question of good and bad faith. If there is such a thing as trade, wealth generation, creation, capital indeed, that compliments and improves civilisation (fair trade?) there is almost certainly that which does not, with many grey areas and unintended consequences inherent to the invisible hand.
The good will of the butcher, baker and brewer could not realistically be expected to play as greater part in an exchange between strangers as it really ought to in the household of said businessmen. Natural born sociopaths can observe good practice only in a society where good faith, the moral sentiments, are the norm and that situation arises from the home, household, foremost.
Bad faith, a failure to honour contracts, a failure to live within ones means, a willingness to cheat, to be duplicitous, has its roots primarily in the failure of individuals to subordinate their libido to higher aspiration, to agape.
I don't know the statistics of of people using pornography online but I'm sure they are horrendous, google must know, and I'm sure they have, or could have a very compelling insight into all the social dysfunction that goes with that but does the recent book to come out of Google deal with this important issue, even briefly? I doubt it, they're almost certainly leftist liberals, non judgmentalism being a virtue of course.
To the extent that there is wealth generation that compliments and improves civilisation, the surplus wealth attracts careerist politicians (and legions of apologists for immoral lifestyles) who expropriate it to a wishful thinking electorate who consequently spend much of this largesse on pleasurable but disposable stuff.
The good businessman has little rational choice, really, (supply and demand, not supply and desert) but to adapt his commerce to this corrupted population, market. They will be much more likely to pervert in myriad ways what should be fair trade. If people can be sat in air conditioned offices in California operating deadly drones in Afghanistan how much easier to turn a blind eye to a moderately problematic detail in a complex system of trade and exchange? Etc etc.
Can you live well without toil? Certainly I'm all for a reduction in great duress and long tedious hours in depressing conditions but some level industry seems necessary for the great majority. -
Thankfully, the use of robotics and sophisticated software have replaced the need for humans to toil on many tasks they once did. Given this, along with Larry Summers’ comment “What has humanity dreamed of? The ability to live well without toil,” makes me wonder if it’s time to legislate a mandatory, maximum 32 hour, four day workweek worthy of addition to the world’s core international human rights treaties. Since the use of advanced technology is reducing the number of jobs available, wouldn't a shorter workweek better distribute toilsome labor and help move humanity to the realization of its dream as defined by Larry Summers? After all, many hands make light work.
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Larry Seems to Be the Smartest One There…
Now If We are Paying People to Much Not to Work
Then We Need to Stop Paying People to Look for Work and
Pay them a Subside to Work
If We Have to Get a New J.O.B. Every 3 to 5 yrs
Then We Should Pay People a Subside to Work Not Look for Work
People of Welfare Work Under the Table for Cash
If We Pay People a Subside to Work then
We Can Tax the Under Ground Cash Economy to Pay for that Subside -
What a horrible selection of panelists. Where are the scientists who actually know and comprehend trends? Moreover, if it is a scientist studying these things, then they won't have monetary gain on their minds and they will lay emphasis on the data and studies, and provide plausible solutions to solve our worldly problems. The answer is not through monetary policy, but resource management policy and using science and the scientific method to solve the most difficult issues.
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