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At least since the followers of Ned Ludd smashed mechanized looms in 1811, workers have worried about automation destroying jobs.
Despite a severe recession and modest recovery, real wage growth has stayed relatively solid. A key reason seems to be downward nominal wage rigidities, that is, the tendency of employers to avoid cutting the dollar value of wages.
Posted in Tech blog on May 17th, 2011 by Pingdom Apple earned a massive profit of $419,528 per employee in the past 12 months.
Twenty years ago I read a story that changed my life. I think about that story often; it helps me to stay calm in the face of crisis, to remain hopeful in times of depression, and to resist the pull of fatalism and pessimism.
Here is a pair of graphs that demonstrate most vividly the merit order effect and the impact that solar is having on electricity prices in Germany; and why utilities there and elsewhere are desperate to try to rein in the growth of solar PV in Europe. It may also explain why Australian generators are fighting so hard against the extension of feed-in tariffs in this country. The first graph illustrates what a typical day on the electricity market in Germany looked like in March four years ago; the second illustrates what is happening now, with 25GW of solar PV installed across the country.
“And unlike the president, I have a plan to create 12 million new jobs.” — Mitt Romney This sounds like a pretty bold statement, especially considering that only two presidents—Ronald Reagan and Bill Clinton—created more than 12 million jobs.
The Strauss–Howe generational theory , created by authors William Strauss and Neil Howe , identifies a recurring generational cycle in American history .
July 10, 2012 — Modern-day computers are based on logic circuits using semiconductor transistors. To increase computing power, smaller transistors are required. Moore's Law states that the number of transistors that can fit on an integrated circuit should double every two years due to scaling.
Mahoro, co-developed by AIST and Yaskawa, is a general-purpose android for automating lab work that previously had to be done manually.
What developments will the next 30 years hold in the fields of AI , biotech, robotics , computing, the internet , materials science and more besides? That’s the question Michell Zappa , technology strategist and founder of trend forecasting firm Envisioning Technology , asked himself – and here is his response: a striking, concise infographic which outlines a range of probable developments, and their likely significance for society. Synthetic blood, anyone?
All young adults who think they’re getting a raw deal in today’s economy, let me tell you about how it was back in my day. In 1984, my final undergraduate year of university, tuition cost more or less $1,000.
A student asks a broad question: I was wondering if you could offer your views on income inequality.
CEA Chair Eddie Lazear in May 2006: While there is no doubt that some people have been left behind, and that those left behind are certainly a major concern for all of us, there is some good news in this picture. The good new is that most of the inequality reflects an increase in returns to “investing in skills” – workers completing more school, getting more training, and acquiring new capabilities.