Something that's puzzled me for a while: why haven't we hit "peak office" yet? Why are there still so many people working in offices? By now, we should have many abandoned office blocks, much as we have abandoned factories in the Rust Belt. But that's not happening. We have all this office automation, but too many people in offices. Are marketing cost and G&A (general and administrative) increasing as a fraction of c…
> We have all this office automation, but too many people in offices. I can't speak to the general case, but to my experience with big corporations/enterprises. Automation is rarely implemented, and when it is it's half-assed. And then a year or two later they try again, but the old system remains, and now your workers have to connect two systems manually. And then a year or two later... Not my domain, I'm busy enoug…
The Great Productivity Puzzle
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Re: The Great Productivity Puzzle
#122What frustrates me about articles like this (even professional ones -- this simplifies for a general audience) is that they only look at one side of the equation. Low inflation is the opposite side, and it's interesting. Yes, GDP$ per unit hour has not gone up much, but the flip side is that the economic value of the output has gone down . If you look in terms of PPP, workers are doing better: fewer labor hours go in…
Completely agree: automation is already changing the employment landscape. The number of people who tell me how the unemployed truck driver or factory worker can become a robot designer boggles my mind. It's a total break-down in the ability to see quantities vividly for what they are. I grew up in a field where orders of magnitude were the first class citizen and it's clear that order of magnitudes more people do mu…
If there is shortage of skilled workers to do those jobs then they should train them too. The lack of long term job security has lead to the end of loyalty which means private companies have no incentive to train people which means the unemployed have to take on debt to study courses which aren't necessarily giving the skills they need. That and companies need to start sponsoring and training and accept that some will end up at a competitor.
Re: The Great Productivity Puzzle
#123Earlier quoted context omitted.
Completely agree: automation is already changing the employment landscape. The number of people who tell me how the unemployed truck driver or factory worker can become a robot designer boggles my mind. It's a total break-down in the ability to see quantities vividly for what they are. I grew up in a field where orders of magnitude were the first class citizen and it's clear that order of magnitudes more people do mu…
Automation has always increased employment in the long term . And maybe it will this time as well: the truck drivers will not become robot designers but their kids could, instead of becoming truck drivers as well. The fact is that we don't live in the long term so although truck driving and coal mining are shitty jobs (and absolutely should be automated or eliminated) we have to take care of the current practitioners…