Technology and the Economy of the Future 5 ppt

... 85 Robotics and Offshoring 86 Nanotechnology and its Impact on Employment 87 The Future of College Education 90 Econometrics: Looking Backward 93 The Luddite Fallacy 95 THE LIGHTS IN THE ... Transition 156 The Basis of the Free Market Economy: Incentives 158 Preserving the Market 159 Recapturing Wages 162 Positive Aspects of Jobs 168 The Power of Inequal...

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 ... mayhaveactuallyin- creasedforatime,astheywereabletolowertheirprices. Asaresult,theirprofits, and therefore the wealth of th...

Ngày tải lên: 20/06/2014, 20:20

... more popular.Whatwillwedoifsomedayasubstantialpercen- tage of the three and ahalfmillioncashiersin the U.S.no longerhavejobs?Whatadditionaleducation and training canweoffertheseworkers? And whatjobswoulditpre- parethemfor? And what is the impact of thatpotential unemploy- mentonmarketdemandforgoods and services?Cashiers aregenerallynothighly...

Ngày tải lên: 20/06/2014, 20:20

... food—all of these and countless thousands of otherstructures and chemicalsthatcomprise ourbodies and make usfunctionareproteins. And they areallconstructedthroughnanotechnology. Itislikelythat the coming“nanotech”revolutionwill begin ... collating and faxing in- formation. The intellectualportion of the job—eitherap- provingordenying the loan—isprobably...

Ngày tải lên: 20/06/2014, 20:20

... access to capital, small plots withpoor economy of scale,trade barriers, and oftenoutrightexploitationat the hands of governments and corrupt officials. Manufacturing in China is ... Amazon takeaper-capitaincomethatissomewhatcomparableto that of developed nations and then multiply it by some hugefraction of the Chinesepopulation.In otherwords, t...

Ngày tải lên: 20/06/2014, 21:20

... to decline.Rememberthatwearetalkinghereaboutaverage workers.Toget the graphabove,youmighttake the dis- tribution of incomesin the UnitedStates and thenelimi- nateboth the richest and the poorestpeople.Thengraph the averageincome of the remaining“typical”people (the bulk of consumers) ... to lookinalittlemoredepthatsome of the mostwidelyheld conventi...

Ngày tải lên: 20/06/2014, 21:20

... elimi- nates the jobsthatprovideincometoconsumers. The es- sentialideaisthatweshouldimposesomecombination of aconsumptiontax and/ oraspecialdirecttaxonbusiness thatcaptures the incomewhich,inanon-automatedecon- omy,wouldbepaidoutinwages.Overtime,as the wages paidtoaverageworkersdecrease(asapercentage of reve- nue),thesetaxeswouldbegraduallyi...

Ngày tải lên: 20/06/2014, 21:20

... have strongeducations and training.Thesepeoplearebeneficia- ries of the informationage.On the toxicwastelandside of the fence, are relatively unskilled workers. These people THE LIGHTS IN THE ... dramatically negative.In the UnitedStates,twothirds of workers and thereforeconsumers—donothaveacollegedegree.While effortstoimproveeducation and trainingarel...

Ngày tải lên: 20/06/2014, 21:20

... acentrallyplanned economy,  and perhaps most chillingly, the overthrow of govern- ments and a“dictatorship of the proletariat.”In the wake of the collapse of communism, these ideas ... Amazon  49 Blinder,AlanS.,“IsGovernmenttooPolitical?”ForeignAffairs,No- vember/December1997.Web: http://www.foreignaffairs.org/19971101faessay38 15/ alan-s- blinder/is-gover...

Ngày tải lên: 20/06/2014, 21:20

... has quicklyattracted the notice of the Securities and Exchange Commission and mayresultinnewregulation. Astheseexamplesshow,wecanexpectthat the rate of change and the volatility of nearlyeverythingaroundus will ... securities werethensoldtobanks and financialinstitutionsallover the world,with the understandingthattheywereverylow riskinvestments. When...

Ngày tải lên: 21/06/2014, 02:20