In this post we’ll follow our aspiring capitalist, Mr. C, as he sets out to hire employees for his new machine shop. Our goal is to learn something of the true nature of the capitalist relations of production. According to modern economic theory Mr. C is going to have to pay his employees the going […]
Pew Research Center Report: AI, Robotics, And The Future of Jobs
What follows are the key insights from the Pew Research Center’s report “AI, Robotics, and the Future of Jobs.” The Pew Research Center created this shareable (twitter) list of the report’s highlights. It provides a great assessment of what nearly two thousand experts working in these fields are thinking. The horizon in question is the […]
Robots Are Us: Some Economics of Human Replacement
This is a link to the National Bureau of Economic Research’s website. There is a working paper here which you can download for a mere $5. I include it here as an example of the type of work being done from a neoclassical perspective on the subject of technological unemployment. Working Paper 20941 http://www.nber.org/papers/w20941 Here […]
Oxford University: The Future of Employment
The following except is from the abstract of an in-depth study done by Carl Benedikt Frey and Michael A. Osborne on the susceptibility of various occupations to computerization. You may be interested in seeing where your line of work falls on their scale. As a machinist, I come in at number 358 with a probability of being […]