All this effort to deny the simple truth, there is no upward trend in unemployment.
Now, getting back to the robots . . .
If I see another graph I’m gonna punch someone in the face. My eyes are bleeding.
It seems to show that each time it takes longer to bounce back. Why is this? Is the pattern that more money is printed between busts every time? Or the interest rate is lower every time, and for a longer time? Or is there some factor that adds up [maybe total amount of paper money in the system] making the effect cumulative?
Any info or link appreciated.
Put it simply; Does Ford employ more people NOW, with all the advances in technology and robots that they use, or BEFORE? And even if the answer was “less”, you cannot close off the Ford company from the rest of the universe. Machines have to be repaired. Even if other robots are repairing the machines, somebody has to build those robots. In fact, Let’s say that robots are building robots. Great! Now human beings are free from having to do automobile work and can put their minds to better use, finding different ways to make money. Productive ways, because it isn’t very productive to build cars by hand when robots can do it for you. And when you subtract payroll from Ford’s new corporate robot empire, cars will be much cheaper. We will be able to achieve much, much more, and be ever so much more productive, with less money than we needed before. That’s right. We can work less and have more. This is the beauty of technology as it pertains to production.
I highly recommend that we start using image-cuts, or linking uploaded images to Text Descriptions, to reduce the bandwidth (as well as the eye-sores) required to view the thread. Or at the very least making thumbnails of the graphs, instead.
All this effort to deny the simple truth, there is no upward trend in unemployment.
civilians unemployed: 15 weeks and over:
http://research.stlouisfed.org/fred2/series/UEMP15OV
Looks exponential!
That’s because of government installed rigidities in the labor market. When the government provides unemployment insurance, people take their time looking for work. People don’t like to work, they much rather stay at home and watch TV, or spend time with their families. That is a symptom of the welfare state.
No it doesn’t. Expontential growth.
A growing population explains the upward trend in number unemployed. 2010 happens to be at one of many peaks, so what? Your “end of capitalism” argument could have been made in 1982. In fact, it was.
You’re obviously interested in forces the facts to fit your preconceptions, not forming an understanding based on facts. I’m done here.
Robot receptionist and nurse wages fall to 10 million yen/ 70,000 pounds. (Not yearly! One time investment!)
The Geminoid F brings us a step closer to Bladerunner## The Intelligent Robotics Laboratory at Osaka University has helped produce what has to be the most convincing android yet to come out of Japan
That robot is “just” an advanced animatronic:
“The Geminoid is controlled by a teleoperation system designed by ATR Intelligent Robotics and Communication Laboratories. The system involves a camera tracking the facial movements of its user and relaying them to the robot’s face.”
Very cool stuff but it doesn’t feature any actual intelligence.
One of my 7th graders brought up this idea in class today. My hope is to help them understand such ideas are silly. If they sitll hold such beliefs as adults I think I would have failed them in some way.
Oh, those poor phone operators, we no longer use their labor!
Anyone notice how Benjamin is conveniently ignoring arguments again?
Sounds like a good idea.
Yes. That’s all Benjamin has done since he or she has been here. Benjamin started doing this in other threads before even doing that in this thread and only skips around making comments that relate to somebody else every once in a great while. What is also happening is Benjamin has a lot of open-question posts but hasn’t been able to demonstrate in my opinion the ability to understanding underlying theories and logic that interpret and pull together the content of any chart or the facts. Facts don’t exist in a void. There are reasons for events taking place and I’m not observing too many reasons from Benjamin as to why this chart reads that way or this way.
“Labor intensive”? What did you have in mind, something like quarrying limestone with stone tools intensive? What’s so special about “labor intensive” industries?
Yeah, things took a turn for the worse ever since they introduced those damned mechanized looms!
“What’s so special about “labor intensive” industries?”
They hire lots of people and create large payrolls which stimulates broad-based demand.
“Yeah, things took a turn for the worse ever since they introduced those damned mechanized looms!”
I’m not opposed to automation. What I’m wondering is whether our social/economic system is undermining the benefits it’s creating. Mechanized looms certainly didn’t do any good for plantation slaves in the antebellum South- in fact, quite the opposite, because the social/economic system undermined the potential benefits that might otherwise have been accruing to them.
All industries are labor intensive.
No they don’t. Payroll = MRP. If you got rid of railroads and had people manually carry goods across the country there would be a lot of jobs but they’d pay squat. Actually these jobs already exist because you can walk across america. Its just no one’s willing to take them 
Whoah dude. Markets clear. Price levels just need to adjust. In this case, downwards.
I think robots could destroy capitalism. They eat old people’s medicine for fuel and they are really strong.