"Walmart and other corporations capable of automating at scale will put even more pressure on low-skilled wage growth. Skyrocketing education costs will make acquiring new skills difficult without massive personal debt. The Slow Robot Apocalypse will be the debt burden borne by workers struggling to stay a step ahead of machines that will be continuously upgraded by employers."
The Theranos scam looks like the Enron scam. Both are black box scams. There are inputs and outputs, but how inputs become outputs is obscured. The perfect black box is one in which what's obscured generates faith instead of suspicion.
Today: Low productivity, trade war, no money control, Hume this!, YubiKey, Neoliberalism is dying, benefits torch wages, Mises!, curse you Western philosophy!, and a child abuse contrarian. Come get some.
Today: Ever Wonder What Happened To Deficit Hawks?, The End Of Chimerica, How Not To Think About Atheists, and Here’s Looking At You...Kid?
Today: Looking for Mr. Good Jobs, The Nation vs. The Globe, Amazon is China, and A Comic From The Before Time, In The Long Long Ago
"AI perception management campaigns like Watson, Alexa, Apple, Google, etc. distract us from understanding the true state of the technology. There’s a considerable gulf separating what AI technology can do at this time and what it might be able to do in the future. Though progress in the field has been considerable, much of it builds on breakthroughs that are decades old, which should make us concerned about over-hyping AI’s potential."
We know right now that the pace of technological change itself is increasing. From this it very likely follows that at some point automation and robots have to start replacing humans in most “algorithmic jobs,” those tasks (however complex) that proceed from one step to another, then start again after completion. The future isn’t just cashiers losing their jobs to software. It’s financial analysts, too.
If we’re safer because police are better than they used to be at policing, why do we need more police, more laws, more surveillance, more secrecy, and more technology meant to control us?
Cultural surplus has replaced cultural scarcity. In doing so, it’s also changed the calculus of how we define our inner lives. The shelf space I once devoted to books, magazines, CDs, records, DVDs, and comics is now disk space housing commodified memories. They’re always already at the click of a mouse, reminders that the death of stuff is the death of things we could throw away.
There's no such thing as wisdom anymore because there's no longer enough time for information to develop into wisdom like fine wine, or a diamond. Societal changes and tech advancements ultimately destroy the knowledge our species once knew as wisdom—replacing it with acumen, expertise, skill, “hot takes,” and trend spotting.