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America Is Missing The New Labor Economy – Robotics Part 1

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421–430 of 448 posts

Re: America Is Missing The New Labor Economy – Robotics Part 1

#421
post #18

Some authors of this piece are deeply involved themselves in building robots and other hardware technology. They should be taken seriously. The US is moving into a trade war, however unwise, with the country that supplies components for everything we make and need. That country has expansionist ambitions and a superior manufacturing base, which is typically what wins wars.

What exactly are China's expansionist ambitions beyond obvious Taiwan and beef with India over the border in Tibet?

Re: America Is Missing The New Labor Economy – Robotics Part 1

#422

Who will buy the phones when no one is paid to produce them? The cars? The food and the clothes? Wealth keeps concentrating upward, great leaps in efficiency and throughput, but I can't see how it's a sustainable model for continued consumption growth year after year.

UBI is probably going to happen I think. But I don't think it's going to achieve much. Yes it's going to give common people some foothold, but with automation and AI I really doubt we need that many jobs, and unemployment rate is going to be high anyway. The elites are going to throw UBI as a bone and then they can do whatever they want. And that's it -- A cyberpunk future where elites can pretty much ignore the comm…

UBI cannot work in a free-ish market. Suppliers of basic needs (housing, water, energy, food) will crank their prices to include UBI.

Re: America Is Missing The New Labor Economy – Robotics Part 1

#423
post #270

Earlier quoted context omitted.

What makes these plans go so successfully, when the soviets have historically not been able to make such plans successful (despite being richer and more powerful at the time)? This video about Argentina's economic failures mentions why free market capitalism failed in argentina, and why a "similar" opening up in china didnt fail (but not so much detail that another country could follow it and replicate the success).…

The Soviets were insanely successful: From the 1920s to 1960s they raised the USSR to space age, industrialized it to become the 2nd superpower, won a world war, upgraded citizens from village huts to apartments, from being barefoot to cars and subways. What 'went wrong' was the economic war that Kennedy admn. started to starve the USSR of GDP by starting an arms and space race. The USSR did not bite the space race b…

Some other factors -

In 1916 the communists dud not want to take over Russia. In 1917, Lenin said they should take the opportunity to take over Russia, and wait for Germany to become a left wing government, the real revolution. This did not happen, big business at the 1933 Geheimtreffen decided to back a right wing government in Germany, and the divided left was pushed aside by a united right when the Catholic Center party signed the Enabling Act.

Russia knew from 1917 it needed political winds in the west, but they blew the other way. Continental Europe invaded Russia in 1941.

Then in 1953, Khrushchev shifted capital spending to consumer spending, one of the main blows to the Sividt economy which was humming along from 1933 to 1953.

Karl Marx basically said communist revolutions can't succeed in backwards countries, only the biggest and most advanced countries.

Re: America Is Missing The New Labor Economy – Robotics Part 1

#424

Earlier quoted context omitted.

of course land price contributes to housing cost but "land price" isn't the full picture. i wish it were that simple. > That's how prices work. If UVM sold all of their land, prices would go down, but they aren't selling all of their land, so the prices are higher. yes exactly how prices work in a textbook but a textbook is not a local market with all sort of dynamics. imagine the political process of UVM choosing to…

I didn’t say it’s the full picture. UVM’s internal politics are, in fact, accounted for in the price of land. Yes, for that particular plot of land , which they already owned, the land price is not what prevented construction. That particular project’s failure is not a major driving force of the price of living in Burlington. The fact that 2 acres costs $3MM is a major driving force.

thank you for sharing your opinion about why burlington's housing prices are high.

Re: America Is Missing The New Labor Economy – Robotics Part 1

#425

Earlier quoted context omitted.

I didn’t say it’s the full picture. UVM’s internal politics are, in fact, accounted for in the price of land. Yes, for that particular plot of land , which they already owned, the land price is not what prevented construction. That particular project’s failure is not a major driving force of the price of living in Burlington. The fact that 2 acres costs $3MM is a major driving force.

thank you for sharing your opinion about why burlington's housing prices are high.

Meh, I just shared the fact that for the same scale of project outside of Burlington, anyone can literally 10x their budget for construction costs based solely on land price differences.

Of course the counterpoint is: a single stalled project with extremely unique economics (built for students and on land that was already owned)

So who knows!

Re: America Is Missing The New Labor Economy – Robotics Part 1

#426
post #275
post #270

Earlier quoted context omitted.

What makes these plans go so successfully, when the soviets have historically not been able to make such plans successful (despite being richer and more powerful at the time)? This video about Argentina's economic failures mentions why free market capitalism failed in argentina, and why a "similar" opening up in china didnt fail (but not so much detail that another country could follow it and replicate the success).…

> What makes these plans go so successfully, when the soviets have historically not been able to make such plans successful (despite being richer and more powerful at the time)? Soviets had more hardcore ideologues at helm most of the times until SU dissolution. They hardly allowed their ideology to be diluted without challenge, which made plans infeasible without real time feedback. China's Mao era was somewhat simi…

It is amusing that Mao's fatal flaw was adherence to a foreign economic theory.

Re: America Is Missing The New Labor Economy – Robotics Part 1

#427

Earlier quoted context omitted.

thank you for sharing your opinion about why burlington's housing prices are high.

Meh, I just shared the fact that for the same scale of project outside of Burlington, anyone can literally 10x their budget for construction costs based solely on land price differences. Of course the counterpoint is: a single stalled project with extremely unique economics (built for students and on land that was already owned) So who knows!

you continually show your lack of information about burlington's real estate situation with each comment. very entertaining to me. thank you for the entertainment as well.

Re: America Is Missing The New Labor Economy – Robotics Part 1

#428
post #80
post #18

Some authors of this piece are deeply involved themselves in building robots and other hardware technology. They should be taken seriously. The US is moving into a trade war, however unwise, with the country that supplies components for everything we make and need. That country has expansionist ambitions and a superior manufacturing base, which is typically what wins wars.

China has been methodically preparing for trade war and decoupling for the better part of the decade. US went in full throttle with zero preparation. This is not going to end well.

It's not even about China. Asia as a whole has seen massive economic growth in the last 40 years. Countries like Indonesia and Vietnam are self confident enough to no longer kow tow to America.

Re: America Is Missing The New Labor Economy – Robotics Part 1

#429

Earlier quoted context omitted.

Why are manufacturing jobs special? People will upgrade their tastes to consume more. Middle class houses with artistic stone work and well-manicured gardens. Skin treatments, massages, and health scans galore. More entertainment and more niche too. Banking apps that could win design awards. We are nowhere near the end of useful work.

I think most MAGAs have this idea that 1) manufacturing is a good paying job and 2) if the US isn't manufacturing stuff, that means China is doing it for us, which will lead to 3) when we decide to go to war with China we will not have the industrial capacity to fight the war. In their world model, the opportunity cost of manufacturing things domestically is not considered, and certainly not the benefits of manufactu…

How does )3 work in the age of nukes? A shooting war between US-PRC is not something anyone should want.

Re: America Is Missing The New Labor Economy – Robotics Part 1

#430

Earlier quoted context omitted.

Meh, I just shared the fact that for the same scale of project outside of Burlington, anyone can literally 10x their budget for construction costs based solely on land price differences. Of course the counterpoint is: a single stalled project with extremely unique economics (built for students and on land that was already owned) So who knows!

you continually show your lack of information about burlington's real estate situation with each comment. very entertaining to me. thank you for the entertainment as well.

Excellent counterpoint!
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