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wages(3)

More on Basic Income Guarantee: Minimum Wage is Not a Longterm Solution

On Monday I posted about looking for a Research Assistant primarily to look into questions around using Basic Income Guarantees as a way to deal with what I believe is the end of work as we know it. Then yesterday Fred wrote a terrific post on the Limits of Capitalism and linked to my earlier post driving more traffic to it. The net result is that I now have many wonderful folks interested in helping out and will be sorting through that over the weekend. In the meantime though I wanted to add...

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Posts tagged with

wages(3)

More on Basic Income Guarantee: Minimum Wage is Not a Longterm Solution

On Monday I posted about looking for a Research Assistant primarily to look into questions around using Basic Income Guarantees as a way to deal with what I believe is the end of work as we know it. Then yesterday Fred wrote a terrific post on the Limits of Capitalism and linked to my earlier post driving more traffic to it. The net result is that I now have many wonderful folks interested in helping out and will be sorting through that over the weekend. In the meantime though I wanted to add...

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Heading towards the knowledge age

Subscribers300+

Posts2K

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The Misunderstood Self Driving Car

Yesterday I saw a funny cartoon about self driving cars by Scott Adams from the perspective of a robot with an attitude:When I discuss the impact of automation on the labor market I sometimes run into the argument that self driving cars are still years away and that there are a lot of edge cases to solve before they will replace human drivers. That argument makes it appear as if there was some distinct moment in the future where we finally say “hurrah, the self driving car is completely finis...

Post cover image

The Misunderstood Self Driving Car

Yesterday I saw a funny cartoon about self driving cars by Scott Adams from the perspective of a robot with an attitude:When I discuss the impact of automation on the labor market I sometimes run into the argument that self driving cars are still years away and that there are a lot of edge cases to solve before they will replace human drivers. That argument makes it appear as if there was some distinct moment in the future where we finally say “hurrah, the self driving car is completely finis...

Wages - Continuations

Computers and Wages (The Great Divergence)

As I argued in my last post, there is good reason to believe that computers are substitutes for labor in general. Their apparent complementarity with skilled labor was the result of substituting skilled labor for unskilled labor rather than being based on a fundamental technological complementarity. The logical next question is what this means for wages. To answer that we need a bit more theory first. How wages get determined has been hotly contested over the years but I think the basic answe...

Computers and Wages (The Great Divergence)

As I argued in my last post, there is good reason to believe that computers are substitutes for labor in general. Their apparent complementarity with skilled labor was the result of substituting skilled labor for unskilled labor rather than being based on a fundamental technological complementarity. The logical next question is what this means for wages. To answer that we need a bit more theory first. How wages get determined has been hotly contested over the years but I think the basic answe...