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Saturday, October 21, 2017

The Tech Revolution May Take Your Job Next

Reprinted with permission from Creators.

“THE ROBOTS ARE COMING! THE ROBOTS ARE COMING! … EEK! THEY’RE ALREADY HERE!”

Today’s proliferation of industrial robots is an advanced generation of powerful, autonomous machines driven by artificial intelligence. The profiteers and techies propelling us into the deep unknown of a robot economy concede that the fast-evolving machines will be radically disruptive, not just in the workplace, but throughout society. Yet, they insist that AI will end up a godsend, even for the millions “adjusted” out of their jobs. Trust us, they say, genuflecting to Efficiency and Productivity, their twin gods of economic progress.…

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Will Trump Betray Workers Again By Naming Kevin Warsh As Fed Chair?

Reprinted with permission from CEPR.

A consistent drumbeat in Donald Trump’s campaign for the presidency was a promise that he would stand up for the American working class against financial elites who had rigged policy to enrich themselves, a message that clearly resonated with some voters. He has reneged on this commitment in virtually every area of public policy, including providing better health care coverage than Obamacare, crafting better trade agreements, making sure tax cuts go to the middle-class ,and standing up for workers’ rights at work.

This month workers who supported Trump may see another betrayal. It has been reported that Trump may pick Kevin Warsh, who married into a billionaire family, to replace Janet Yellen as the next Chair of the Federal Reserve Board of Governors (BOG).…

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The Chase For Amazon Will End In Tears

Reprinted with permission from Creators.

 

The mayors doing their utmost to get Amazon’s second headquarters for their cities are having a grand time informing Jeff Bezos of everything they have to offer. They should enjoy this part of the chase, because what comes next won’t be much fun.

They are about to get some insight into how the search for talent goes in Major League Baseball. St. Louis Cardinals general manager Michael Girsch noted the crucial moment in pursuing a coveted free agent player. “We sometimes call it your ‘puke point,'” he told the St. Louis Post-Dispatch. “Sometimes you make an offer and you’re not sure whether you’ll puke if he says yes or puke if (he says) no.”

Every city wants the Amazon facility, and why not?…

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