Tag Archives: labor

Business Owners Who Employ Illegal Aliens Should Be Arrested

Alcatraz Prison by miss_millions CC 2.0 They should be jailed, denied bail due to the severity of the crime, and tried under the Patriot Act and other federal code for supporting whatever heinous crimes Trump and company blame on undocumented … Continue reading

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Work Won’t Be Scarce–It’s Paid Work That Will Be Scarce

All the media chatter about work disappearing due to automation fails to draw the critical distinction between useful but unpaid work and profitable work.Since value (and profits/wages) flow to what’s scarce, what matters is not the decline of useful work–there’s … Continue reading

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The Most Profitable Work Will Be Automated: The Rest Will Be Left to Us

What’s abundant and what’s scarce? The question matters because as economist Michael Spence (among others) has noted, value and profits flow to what’s scarce.What’s in over-supply has little to no scarcity value and hence little to no profitability. What’s abundant … Continue reading

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The World of Work Has Changed, and It’s Never Going Back to the “Good Old Days”

The world of work has changed, and the rate of change is increasing. Despite the hopes of those who want to turn back the clock to the golden era of high-paying, low-skilled manufacturing jobs and an abundance of secure service-sector … Continue reading

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Why The Status Quo Is Doomed, Part 1

We’re like the passengers on the Titanic 10 minutes after the mighty ship struck the iceberg: there is virtually no evidence to those on deck or those snug in their warm cabins that everything they reckoned was safe and secure … Continue reading

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Why I Will Never Hire Anyone, Even at $1/Hour

One of the most appealing beliefs about technology–that it will always create more jobs than it destroys–is no longer true. It was true in the first and second industrial revolutions, for one simple reason: the new industrial revolution created vast … Continue reading

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Automation Doesn’t Just Destroy Jobs–It Destroys Profits, Too

The idea that taxing the owners of robots and software will fund guaranteed incomes for all is not anchored in reality. Automation is upending the global order by eliminating human labor on an unprecedented scale–and the status quo has no … Continue reading

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Technology, Competition and the ‘Crapification’ of Jobs

Two recent articles shed light on the ‘crapification’ of jobs and the rise of income inequality: Martin Wolf on the Low Labor Participation as the Result of the Crapification of Jobs (Naked Capitalism) The Measured Worker: The technology that illuminates worker … Continue reading

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