Are we losing jobs to the new "tractor" of cheap labor just as we did in 1900's?
Is there any difference between the introduction of tractors in the 1900's (that cut back the 97% of jobs on farms to 3% of all jobs) and the new "tractor" of cheap labor moving jobs from manufacturing to high-tech services?
What difference does it make to a worker losing their job to lose it to an old tractor or a new "tractor"? There is really no difference between the replacement of agricultural jobs with manufacturing jobs in the early 1900's and the loss of manufacturing jobs to high-tech service jobs today. Both required massive retraining of the workforce.
Cheap labor jobs would be lost to technology in any case. The poorest people in the world are getting these jobs only temporarily. Once their wages begin to rise as has been occuring in China and elsewhere, the cheap labor jobs will be taken over by automation. If those jobs didn't go overseas they would have been eliminated by automation anyway.
If only Nancy Pelosi could have been there to stop the introduction of tractors then as she is stopping the introduction of the cheap labor "tractors" now?
It makes no sense to impose tariff-taxes of 67% or more on imported products because it just raises prices for the poorest Americans. The tariff is a hidden tax because you don't know you are paying it. Local sales taxes are applied to both the base cost and the tariff-tax.
It is worse than paying taxes on the same thing twice. With tariffs we are paying sales tax on the base+tariff so in addition to double taxation, we are paying taxes on the tax.
The working class people are hit the hardest by tariffs because the sliding tariff schedule hits the products the working class people purchase more. Upper class elite spend their extra dollars on services and high-priced goods that are not subject to tariffs.
International poker champion Liv Boeree teaches decision-making for Big Think Edge.
"I was so moved when I saw the cells stir," said 90-year-old study co-author Akira Iritani. "I'd been hoping for this for 20 years."
- The team managed to stimulate nucleus-like structures to perform some biological processes, but not cell division.
- Unless better technology and DNA samples emerge in the future, it's unlikely that scientists will be able to clone a woolly mammoth.
- Still, studying the DNA of woolly mammoths provides valuable insights into the genetic adaptations that allowed them to survive in unique environments.
An MIT study predicts when artificial intelligence will take over for humans in different occupations.
While technology develops at exponential speed, transforming how we go about our everyday tasks and extending our lives, it also offers much to worry about. In particular, many top minds think that automation will cost humans their employment, with up to 47% of all jobs gone in the next 25 years. And chances are, this number could be even higher and the massive job loss will come earlier.
The blood of horseshoe crabs is harvested on a massive scale in order to retrieve a cell critical to medical research. However, recent innovations might make this practice obsolete.
- Horseshoe crabs' blue blood is so valuable that a quart of it can be sold for $15,000.
- This is because it contains a molecule that is crucial to the medical research community.
- Today, however, new innovations have resulted in a synthetic substitute that may end the practice of farming horseshoe crabs for their blood.
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