Rise of the Robots by Martin Ford

  • Chapter 1 - overview of some cool robots
  • Chapter 2 -

    • Seven deadly trends



      • Stagnant wages


      • Corporations win, labor down


      • Lower labor force participation


      • Less job creation


      • Increased inequality


      • Harder for recent graduates


      • Part time jobs



    • Globalization, financialization, politics

  • Chapter 3

    • Moore's law and s-shaped development curves

    • Comparative advantage leading to specialization, but limited by opportunity cost

  • Chapter 4

    • WekFusion software automates project management, reducing in house jobs but increasing freelance jobs

    • Genetic algorithms produce results competitive with human engineers and are not constrained by preconceived notions

    • Suggests collaboration with machines but says how it might not be sustainable if you are training them to replace you

  • Chapter 5 - higher education

    • MOOCs could pose a huge challenge for the lower tiers of higher education

  • Chapter 6 - healthcare

    • AI for diagnosis

    • Pharmacy and hospital robotics

    • Costs are an issue in a dysfunctional market



      • Consolidate to single payer (Medicare)


      • Or single private provider in the utility model


      • All-payer system where govt sets prices



  • Chapter 7 - technologies and industries of the future

    • 3D printing and self driving cars

  • Chapter 8 - consumers

    • Machines do not consume

    • People and governments are the only final consumers

    • Dissection about other economies

  • Chapter 9 - super intelligence singularity

    • Singularity of intelligence surpassing our own

    • Nano technology

  • Chapter 10 - recommendations

    • The US is over-educated

    • Case for basic income: allows people to take more entrepreneurial risk


Topic: Economics

Source: Cory, Lauren Norelli

Bibliography

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Updated: 2022-06-09-Thu