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A World Without Work

A World Without Work
1. Youngstown, U.S.A. The end of work is still just a futuristic concept for most of the United States, but it is something like a moment in history for Youngstown, Ohio, one its residents can cite with precision: September 19, 1977. For much of the 20th century, Youngstown’s steel mills delivered such great prosperity that the city was a model of the American dream, boasting a median income and a homeownership rate that were among the nation’s highest. But as manufacturing shifted abroad after World War II, Youngstown steel suffered, and on that gray September afternoon in 1977, Youngstown Sheet and Tube announced the shuttering of its Campbell Works mill. Within five years, the city lost 50,000 jobs and $1.3 billion in manufacturing wages. Youngstown was transformed not only by an economic disruption but also by a psychological and cultural breakdown. This winter, I traveled to Ohio to consider what would happen if technology permanently replaced a great deal of human work. 2. 3. 4.

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Offshoring the Economy: Why the US is on the Road to the Third World On January 6, 2004, Senator Charles Schumer and I challenged the erroneous idea that jobs offshoring was free trade in a New York Times op-ed. Our article so astounded economists that within a few days Schumer and I were summoned to a Brookings Institution conference in Washington, DC, to explain our heresy. In the nationally televised conference, I declared that the consequence of jobs offshoring would be that the US would be a Third World country in 20 years. That was 11 years ago, and the US is on course to descend to Third World status before the remaining nine years of my prediction have expired. The evidence is everywhere. In September the US Bureau of the Census released its report on US household income by quintile.

60% of students are chasing jobs that may be rendered obsolete by technology, report finds - News - Gadgets and Tech - The Independent The report, entitled The New Work Order, makes recommendations to ensure that Australia's young people are being trained for the future of work, not for the 'traditional' model of employment. In a worrying finding, the report states that 70 per cent of young people currently enter the workforce in jobs that will be "radically affected by automation". 60 per cent are being trained in jobs that will experience similar levels of change, which could occur within 10 to 15 years. The CEO of FYA, Jan Owen, said that while the unemployment and underemployment rate for young people in Australia is already around 30 per cent, the chances of getting a foothold in the labour market are going to keep shrinking.

China Is Building The Mother Of All Reputation Systems To Monitor Citizen Behavior China's proposals for a "social credit system" don't seem that radical when you read the dry, official plan posted by the government last year. As befits circulars from a socialist regime, the language is aggrandizing but unspecific: Accelerating the construction of a social credit system is an important basis for comprehensively implementing the scientific development view and building a harmonious Socialist society; it is an important method to perfect the Socialist market economy system, accelerating and innovating social governance, and it has an important significance for strengthening the sincerity consciousness of the members of society, forging a desirable credit environment, raising the overall competitiveness of the country and stimulating the development of society and the progress of civilization.

When a 127-Year-Old U.S. Industry Collapses Under China's Weight Alcoa Inc.’s latest aluminum-making cutback is signaling the end of the iconic American industry. For 127 years, the New York-based company has been churning out the lightweight metal used in everything from beverage cans to airplanes, once making it a symbol of U.S. industrial might. Now, with prices languishing near six-year lows, it’s wiping out almost a third of domestic operating capacity, Harbor Intelligence estimates. If prices don’t recover, the researcher predicts almost all U.S. smelting plants will close by next year. The Jobs Robots May Eliminate, Create, Transform Robotics and other technologies have eliminated many jobs across the global economy, but as these technologies continue to advance, they have the potential to create more engaging jobs for workers. Robotics and artificial intelligence (AI) have been in development for decades and, for most of that time, futurists have been predicting the jobs these technologies would eliminate. Already, automation has displaced legions of bank tellers, travel agents, toll takers, cashiers, and assembly line workers. Now robotics, AI, and modern offshoots like cognitive computing are on the verge of causing another round of profound changes to the workforce, according to Dan Barry, a retired NASA astronaut and founder of two robotics companies, Fellow Robots and Denbar Robotics.

So You Think You're Smarter Than A CIA Agent : Parallels A group of 3,000 ordinary citizens, armed with nothing more than an Internet connection, is often making better forecasts of global events than CIA analysts. Here, a man crosses the CIA logo at its headquarters in Langley, Va. Saul Loeb/AFP/Getty Images hide caption toggle caption Saul Loeb/AFP/Getty Images A group of 3,000 ordinary citizens, armed with nothing more than an Internet connection, is often making better forecasts of global events than CIA analysts. Here, a man crosses the CIA logo at its headquarters in Langley, Va. Edward Snowden: we may never spot space aliens thanks to encryption The US government whistleblower Edward Snowden believes encryption might make it difficult or even impossible to distinguish signals from alien species from cosmic background radiation. On Friday night, Snowden appeared from Moscow on the astrophysicist and science communicator Neil deGrasse Tyson’s StarTalk podcast, via a robot video link called a “beam remote presence system”. In 2013, after leaking documents on National Security Agency surveillance to media outlets including the Guardian, and under threat of US prosecution under the Espionage Act, Snowden sought asylum in Russia. In a candid interview with Tyson, Snowden said he signed up for the US army following the terrorist attacks of 11 September 2001. “It took a very long time for me to develop any kind of skepticism at all even to the most over-extended claims of the extension of programs or policies [by the US security services],” he said. “Only,” Tyson replied jovially, “if they have the same security problems as us.”

businessinsider REUTERS/Rick Wilking The disappearing middle class is challenging many major American brands. The Hershey Company on Wednesday reported flat sales for the most recent quarter and cut its profit outlook for the year. Company executives blamed the disappointing results in part on the changing income landscape in the US. "We think that consumer bifurcation has been an important driver," Hershey CEO John Bilbrey said on an earnings call, referring to the growing gap between upper-income and lower-income consumers. Upper-income consumers are buying more premium treats, while lower-income individuals are purchasing discounted chocolates, he said. What Jobs Will the Robots Take? It is an invisible force that goes by many names. Computerization. Automation. Artificial intelligence. Technology. Innovation.

Self-Sustaining Islands, the Future of Farming? The inefficiency of traditional farming has been replaced by oceanic farming, which is an idea from Swedish designers. The islands mainly deal with fish and gardens powered by solar panels. The development has assured farmers an extra mass of floating 2.2 million square feet of farming space. The multidimensional barges-like farms are created by the Forward Thinking Architecture, a firm in Barcelona.