BUSINESS MAVERICK: Robo-apocalypse? Not in your lifetime

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 84%

Business News News

Business Business Latest News,Business Business Headlines

BUSINESS MAVERICK: Robo-apocalypse? Not in your lifetime By J Bradford DeLong

, “Why Are There Still so Many Jobs?”, which considers the problem in the context of Polanyi’s Paradox.

In the fifth and sixth categories, one is elevated from microprocessor to software, performing accounting-and-control tasks or facilitating communication and the exchange of information. In the seventh category, one actually writes the software, translating tasks into code . In the eighth category, one provides a human connection, whereas in the ninth, one acts as cheerleader, manager, or arbiter for other humans.

Worse, we have now reached the point where robots are also better than humans at performing the “software” tasks in categories five and six, particularly when it comes to managing the flow of information and, it must be said, misinformation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: World Economy Rebound Thrown Into Doubt by Escalating Trade WarThe escalating U.S.-China trade war is threatening to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: Index investing’s new passive-aggressive strategyIt sounds like a personality issue, but actually, it’s a new investment strategy. In fact, its integration of two existing investment strategies, turning the debate between passive and active on its head. The 'passive-aggressive' approach is about integrating 'factor' investing and a passive approach. Too complicated? Possibly, but the first of these ETF funds are about to become available to investors, so it's worth thinking about.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Tesla Fires Sound Alarms About Electric-Car Battery SafetyElectric vehicles may be less prone to catch fire than gas guzzlers, but recent blazes involving Tesla Inc. and NIO Inc. cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Thursday May 16: Five Things You Need to Know to Start Your DayTrump s geared down the trade war with Japan and the EU, giving U.S. stocks a welcome boost. And Alibaba posted a 33% jump in sales. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: Investec results: More about the journey than the momentFor Investec, 2018 was an epochal year. Not only did its management team hand over the reins after four decades of hands-on leadership, but the group decided to unbundle its asset management business. Recent results suggest the journey is well underway.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: These Are the Worst-Case Scenarios for China in the Trade WarChina’s economic growth could tumble, debt surge and foreign companies flee in a deepening trade war, economists warn as a week of escalating tensions forces them to ponder worst-case scenarios.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Can MTN Nigeria change the political optics through its local listing?MTN Nigeria is listing on the Nigerian Stock Exchange on Thursday, signalling a major shift in its approach toward its ongoing problems in its second largest market. It will become effective the second largest stock on the exchange with an opening value of around $5-billion, but whether this will be enough to satisfy Nigeria's rapacious regulators and populist politicians remains an open question.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Friday, May 17: Five Things You Need to Know to Start Your DayThe Trump administration’s Huawei ban opens a new front with China. U.S. equities extended their rally for a third day, with Asia stocks poised to follow. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Musk Gets Head Start on Bezos Launching SpaceX’s SatellitesElon Musk’s SpaceX has made a business out of launching satellites for commercial customers, NASA and the U.S. military. On Wednesday evening, the company will launch orbital objects of its own in a key step toward creating a space-based constellation that beams broadband to underserved areas across the globe.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: Corporate SA pushes into Poland’s land of promise and prosperityPoland is quite the flirt. It has attracted a number of JSE listed companies to its shores over the years. And as long as the SA economy remains dim and exchange controls are kept intact, industry players say that their home country will continue to push its companies into the arms of foreign suitors. And Poland does hold promise. It has increased its GDP per capita by almost 150% since 1989, more than any other European country.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 bln for FX riggingBarclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.
Source: dailymaverick - 🏆 3. / 84 Read more »