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

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Updated: 2022-06-09-Thu