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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (47797)	12/20/2005 3:17:39 PM
From: regli	Read Replies (1) \| Respond to of 110194

>Roughly 5% of Americans have any direct contact with manufacturing things, and yet we have 5% unemployment. If anything you are saying came close to making sense then half the US adult population or more would be unemployed. < I agree with many things you say but have to disagree here. I am totally convinced that the combination of automation and artificial intelligence will lead to a significant increase in productivity and consequently in a significant increase in unemployment. The difference is that in the 19th century it was muscle that was supplemented, nowadays it is intellectual capacity. Machines are getting smarter at a much faster space than humans (Moore's law) and this increased "intelligence" will IMO result in increasingly higher joblessness. This is a freight train that will not be stopped.

To: GST who wrote (47797)	12/21/2005 1:20:27 AM
From: shades	Respond to of 110194

Not on planet earth they don't. Quite the opposite is the case. If the only productive activity concerned things that machines can do, and if machines do not need as many humans to tender after their needs, then machines would simply replace people -- on robot planet X. I have posted several times already the raul julia story of the monkey people of south america. The monkeys become indistinguishable from the humans after a time. I dont know about you, but I spend massive amounts of time fixing or guarding against blue screens of death, spam, memory allocation errors, viruses, overvoltages on my high speed cable line - power brownouts and surges - etc etc etc I assume most individuals that want a good running "MACHINE" do so as well. Those lazy students in school have nice IT people do most of that for them it seems today - hehe. In the future, things will get better and we all can spend less time on that. It sure beats the old days though - I had to dial up on my 300 baud modem - hope I got a non busy line - and have only 30 minutes a day to type my messages.