In Disappearing Routine Jobs: Who, How, and Why? economists from USC, UBC and Manchester University document how the automation of "routine" jobs (welders, bank tellers, etc) that pay middle class wages has pushed those workers out of the job market entirely, or pushed them into low-paying, insecure employment.
The study links the phenomenon of unemployment with automation -- an obvious-seeming connection -- by establishing a causal relationship that goes beyond mere correlation: people stop working because robots take their jobs. Robots don't just co-occur with unemployment, they cause it.
The share of Americans working in routine jobs has fallen from 40.5% in 1979 to 31.2% in 2014, according to the paper. The federal government’s official measure of Americans age 16 and over who are working or seeking work has fallen from a recent high of 67.3% in 2000 to 62.7% in November 2016.
“Routine jobs are disappearing and more and more prime-age Americans aren’t working,” said Mr. Siu. “These things are two sides of the same coin.”
Disappearing Routine Jobs: Who, How, and Why? [Guido Matias Cortes, Nir Jaimovich and Henry E. Siu/NBER]
(via Marginal Revolution)
Concealed Online is an anonymously owned (the owner won't divulge his identity due to fear of reprisals) company whose customers complain scammed them by tricking them into taking its online curriculum for Virginia's farcical easy concealed carry permits, without divulging that these permits are useless in the rest of America.
Apple CEO Tim Cook has stated that the free market "is not working" and as a result, regulation of the tech sector is "inevitable."
In March 2018, Nathan Ganas was murdered in his driveway in Durban, South Africa, during a botched hijacking; now Momentum, the insurer who wrote the 2.4m Rand (USD 170,700) policy on his life, is refusing to pay out because they say he didn't disclose his elevated blood-sugar levels when he took out the policy -- […]
The key to learning any new language is feedback. When you’re immersed in conversation, it’s easy to pick up key phrases and pronunciation, but not all of us have the means to jet off to Spain, France or wherever we can learn to speak like a local. The next best thing: The Mondly app. Mondly […]
Got a gadget-minded geek on your holiday list this year? Don’t wait for Black Friday. The prices are already dropping on some quality tech toys, and we’ve got a roundup of some of our favorites. Force Flyers DIY Building Block Drone MSRP: $49.99 | Normally: $42.99 | Price Drop: $39.99 (20% Off) Compatible with everybody’s […]
Ever wondered what it takes to make the transition from amateur photography to a full career? If you answered “a better camera,” you’re half right. Before you get the equipment, get the know-how to use it with the Hollywood Art Institute Photography Course & Certification. Taught by experienced pros, this course is geared towards shutterbugs […]
