Brad Feld Reviews The Lights in the Tunnel 8 docx

... thatsucha business modelcould be sustained in the longrunonlyifwages in Chinaremainextremelylow indefinitely.Ifthatis the case,howwillChinasucceed in drivingdo- mesticconsumptionandachievingamorebalancedeconomywhichis lessdependentonexports? Danger ... developed nationshasresulted in amassiveandirreversibleelimina- tionofjobs. * The realityisth...

Ngày tải lên: 21/06/2014, 09:20

... a primaryproblemwithcurrentwelfareprograms.Welfare, asitiscurrentlyimplemented,providesfewincentivesfor selfimprovementandlittlehopefor the future.Ittendsto result in apermanentunderclass,anditcertainlydoesnot create the typeofviableconsumersthatweneedtopower the economyof the future. The Power of Inequality The ideaofincentivesiscloselyt...

Ngày tải lên: 21/06/2014, 09:20

... The lights rotate in colorasjobsaresharedamong the workers firstaffectedbyautomation. The green lights initiallyrepresentasmallminorityof the lights within the tunnel.  Most peoplecontinue to be employed in traditionaljobs.Ifweweretowatch the ac- tion in the tunnel overtime,however,wewouldseethat The ... the lights captures ourinterestforat...

Ngày tải lên: 21/06/2014, 09:20

... past the threshold,butonceinside,theyjoin the riverof lights asit courses over the panels on the tunnel walls. At first, we sensethat the businesses in the tunnel arestrainingsome- what ... that, in the future,automationtechnology willbemoreflexibleandeasytoadapttodifferentprod- ucts.Ithink the manufacturersofautomationequipment THE LIGHTS IN TH...

Ngày tải lên: 21/06/2014, 09:20

... the customer.Automation in the customerserviceareaisreal- lyself-service.Thishasbeen the casewithATMs,automated checkoutaislesandevenself-servegaspumps. In the re- THE LIGHTS IN THE TUNNEL / 84 CopyrightedMaterial–Paperback/Kindle available @ Amazon sionsabout the people in frontofher,judgingthingslike theirattire,whethertheyseemimpatient,...

Ngày tải lên: 21/06/2014, 15:20

... proposedearlierisjustoneexampleof suchanincentive;otherswithexperience in taxationcould nodoubtsuggestotherideas.However,anysucheffortto leverage the tax code seems very unlikely to survive the influenceof the specialinterestgroupsthatnowdominate the legislativeprocess. THE LIGHTS IN THE TUNNEL / 1 48 CopyrightedMaterial–Paperbac...

Ngày tải lên: 21/06/2014, 15:20

... to create“virtual”jobs. In otherwords,peoplewillcontinue to earn income by acting in accordance with incentives, buttheiractionswillnotnecessarilyresult in “work” in the traditionalsense. The income earned by individuals ... will loseaccessto the wagesthatsustainthem. In the absence ofanalternateincomemechanism,acollapse in consumer spendingmust...

Ngày tải lên: 21/06/2014, 15:20

... Amazon manjudge. The otherparticipantsareanotherpersonand amachine—bothofwhomattempttoconvince the judge thattheyarehumanbyconductinganormalconversation. If the judgecan’ttellwhichparticipantiswhich,then the machineissaidtohavepassed the TuringTest. The TuringTestisperhaps the mostwell-knownand acceptedmethodformeasuringtruemachineintellige...

Ngày tải lên: 21/06/2014, 15:20

... ob- viouslydon’tcaterdirectlyto the globalmassmarket,theyarenone- thelessintegratedinto the activitythatoccurs in the tunnel, andthey are heavily impacted by the overall health and vitality of the mass market. THE LIGHTS IN THE TUNNEL ... Amazon marketarereplacedwithnew,morecompetitivestart-ups, often in completelynewanddifferentindustries....

Ngày tải lên: 20/06/2014, 20:20

... are growingdark.Nowweseethatmanyof the verybrightest lights in the tunnel finallyfeel the impactandalsobeginto losetheirlight. The ownersof the businesses in the tunnel areseeingmuchoftheirwealthgraduallydrainaway. The tunnel has ... that the hopes of even the remainingbrighter lights aregraduallyevaporatinginto the newemptinessof the tunnel. ...

Ngày tải lên: 20/06/2014, 20:20