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« TechTestJunior Expands in 2017 (updated 28mar17) | Main | Sandbox - 27mar17 »

27 March 2017



From Walt @ 12:09:

"So it begins. (and the bitching as well)"

Oddly enough:

Paul Emery

For your reading pleasure:

Had to put this somewhere and since there is no active sandbox this will have to do. Trump has sunk to an all time low in the polls. Currently now at -21 according to Gallup.

Also legendary Neo Con Cheney is joining the piling on effort against Trump on the issue of Russian interference in our election. This weekend he said:
“There’s not any argument at this stage that somehow the election of President Trump was not legitimate, but there’s no question that there was a very serious effort made by Mr. Putin and his government, his organization, to interfere in major ways with our basic, fundamental democratic processes,” he said. “In some quarters, that would be considered an act of war.”

Don Bessee

Hey, po' ol' pollhead PE @ 403, I have a suggestion where you could put it. ;-)


Posted by: Paul Emery | 27 March 2017 at 04:03 PM

....still president Paul.

Paul Emery

I know the truth is hard to observe Don so why not just ignore what ever I write. It's okay with me.

Don Bessee

It is extremely entertaining to watch our resident druid with BDS use Chaney as an expert reference. Don't worry po' ol' PE, pretty much everyone already ignores what you write other than for giggles. Sanctuary cities get hammered and 0's rules vacated today, EPA rules will get eviscerated tomorrow. It is a pleasure to observe what's really happening. ICE agents rolling up illegals on court ordered work details left and right, priceless. ;-)

George Rebane

PaulE 403pm - Apologies for not opening the new sandbox which is now ready to receive your comments. Please take this Cheney thread over there. Thx.

Don Bessee

OH, Forgot one, there is oil in the Dakota Access pipeline now. ;-)

Bill Tozer

Yep, the Great Divide:


Six jobs are eliminated for every robot introduced into the workforce, a new study says

The threat of robots taking our jobs is very real.

Job-stealing robots aren’t some distant scenario that’s unlikely to cause problems for another “50 to 100 years” from now, as Donald Trump’s treasury secretary Steve Mnuchin said in an interview last week.

New research released from the National Bureau of Economic Research yesterday shows that between 1990 and 2007, when one or more industrial robots were introduced into the workforce, it led to the elimination of 6.2 jobs within a local area where people commute for work.

The report, which was authored by economists Daron Acemoglu of MIT and Pascual Restrepo of Boston University, found that the wages of workers also declined slightly as a result of robots entering the U.S. economy. Wages dropped between 0.25 percent and 0.50 percent per 1,000 employees when one or more robots came into the picture.

It appears government does not know how to deal with the problem, so the solution is to deny the problem exists. This has been approach taken by our local Congressmen, and it appears that the Trump Team is taking the same approach.


The Missing Men, Tyler Cowen | Marginal Revolution University

Millions of working-age American men do not have jobs and, because they're not actively seeking work, don't count towards our primary unemployment statistic. While there's no clear-cut answer as to why this is happening, Tyler Cowen explores the data behind this worrisome trend and what it could mean for the American economy moving forward.


Unemployment and Underemployment in Acela Corridor

Salena Zito Writing in the New York Post:

A lot of things have happened in this “other” Acela corridor, stripping it of prosperity and patriotism, once generated by the notion that people here were the engine that made this country roar. But, mostly, it has been unrelenting automation that has eliminated middle-class lives and jobs.

A study by economists Pascual Restrepo of Boston University and Daron Acemoglu of MIT tried to quantify how worried we should be about robots — and they succeeded.

In short, they determined, every additional robot used in automation reduced employment in a given commuting area by three to six workers, and lowered wages by 0.25 to 0.5 percent. There are 1.5 million robots out there working in what is left of industrial America, and that number is projected to double in less than 10 years.

For Nigel, automation ultimately will kill the best income he earns as a cabdriver, since driverless-vehicle technology is fast becoming more of a reality. Lawrence Katz, a labor economist at Harvard, estimates that automated cars will impact the 5 million people nationwide who make their living by driving Uber, Lyft, taxis, buses, vans, trucks and delivery vehicles.

Katz points out that most of these drivers are people like Nigel — a man without a college degree — who’ve already been hit by the loss of 5 million manufacturing jobs since 2000.

Peering out the window of the Acela Express, the sadness of this other world speeds by like a faded collage of past lives, hopelessly waiting to be brought back to life.

President Trump, like him or not, wasn’t wrong when he said there was “carnage” in the country right now. Ironically, a lot of that carnage is located on this corridor, in between eight of the 10 wealthiest counties in our nation.

The hard truth is that no one has any idea what to do with the under-employed, high-school-educated people who once were able to carve out good, middle-class lives with their own hands, as long as they were willing to work.

But somebody had better figure it out soon: With nearly 70 percent of Americans lacking college degrees, this corridor will eventually crack, just like the dislocated voters of the Rust Belt.

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