Tag: robots

Losing Jobs to Robots: A Misconstrued Non-Issue

By Joshua D. Glawson | United States

“Technological Unemployment” was a term coined by economist John Maynard Keynes. It references jobs for people that machines replace, and is a type of structural unemployment. He was not the first to discuss the concept of lost labor due to machines, but he made it more popular by the 1930s. We see this continued sentiment with the progress of technology today. People in Neo-Luddite fashion scream, “Robots are taking our jobs,” or, “With more robots taking our jobs, what are we supposed to do?” At face value, it can be very scary the idea of being unemployed or a lost career that took years with plenty of personal investing.

Are people really going to lose their jobs? In short, yes. Yes, people will lose jobs and careers, with no return in certain fields. With software and technological advancements, there will be careers such as accountants, construction workers, stockers, and more that will have to find alternative fields of employment. This does not mean that other fields will not become available for these individuals.

In fact, with technological advancements, there have been a plethora of jobs and fields that have come into existence only because of these precise advancements. For example, the internet has led to the demise of many traditional advertising companies, but has opened serious career opportunities for social media and online advertisers. When the car was invented, it caused the fall of the horse and carriage industry, but allowed new careers in vehicle manufacturing, advertising, sales, mechanics, accessories, fuels, etc. Only a wistful dreamer would argue that in order to provide more jobs we should ride on horses as a means of transportation again.

Politicians are typically characterized as declaring, “We need more jobs!” Suffice to say, it is not their place to do so. It is also not a healthy economical role for governments to employ many people. Nevertheless, it appears as an easy way of winning votes when a politician tells citizens they will get them “free” things at the expense of others, or more jobs. The only real jobs created would be by government loosening its claws off the neck of a free market that it is crippling with regulations.

Perhaps, in order to simply “create more jobs,” the politician can propose policies that prevent technological advancements, and get rid of more than half of the machines currently used, such as bulldozers. That way, they can give everyone spoons, instead of machines and shovels, and create an entire network of frantic ditch diggers who only use spoons all for the sake of “creating jobs!”

When people protest that they have “a right to work,” this means they believe they have “the right to other people’s property.” A company is owned by an individual or group of individuals. They fronted the risks of creating the company, and they rightly redeem the rewards, losses, and other consequences of having their company. Just because they have a contractual agreement with certain people as the company being employers, this contract does not provide employees with ownership of the company or its property. This also entails the job itself, as it can be terminated by either party at any time, under most contracts. Some areas have created laws to attempt to say otherwise, yet this does not justify their thieving actions.

If the property belongs to the company, it is to the company’s discretion as to whether they would prefer people working for them or robots and software. As people demand more and more for their employment, such as wages, health, retirement, investments, vacation, etc., companies are irrefutably incentivized to go with lowest cost labor that provides the least amount of problems, i.e. robots, machines, and software.

This inevitable change is artificially influenced by increased costs and taxes, and as people require more this process is expedited. A prosperous outcome, for most, would be a laissez faire solution which allows these changes to occur naturally within the marketplace, expanding trade rather than filtering it. This free market would also allow employees to better compete against one another in order to get the job they so desired. It still would not change the fact that many people will lose jobs or careers to robots and software.

Some are calling on “taxing robots,” “Universal Basic Income,” or, “Basic Income,” but at a cost to whom? This cost is, again, to the creators and companies, who then pass the cost on to the market who pay more for the same products. It would also entail higher taxes for everyone, including the poor.

This, of course, should be a motivation to better market one’s self by learning more and expanding their own horizons as opposed to accepting mindless jobs that a robot could do in the near future. More complex jobs, like calculating as an accountant, will still be inevitably lost to software. Yet, there are other fields and companies that will choose to stay with people for a while, and the same goes with more menial jobs. This can be seen clearly with banks providing ATMs while maintaining in-house bankers. Many people prefer dealing with other people rather than with machines, especially as some software is still getting the bugs worked out.

In the long-term, the benefits of robots, machines, and software far outweigh the losses incurred. We have better healthcare, transportation, lower costs, better materials, a greater access to knowledge, and easier forms of communication. This list of benefits can go on continuously and yet we see more jobs available today than a thousand years ago. There are more jobs not because of governments, and not because of stifling regulations, but because of the technological advancements that humankind has created to best benefit us and the world, while also trading. People will continue losing jobs as the world progresses. People will, surely, find more jobs and opportunities as we progress!

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Elon Musk’s Boring Company Is His Most Exciting Project Yet

By Spencer Kellogg | United States

Elon Musk can’t run for President of The United States. I know this because I checked a long time ago and then I checked again recently:

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Disappointment for a second time.

Lovingly compared to the comic book tech titan Tony Stark, Musk is one of those rare thinkers that has the vision, money, and hutzpah to significantly move our human civilization forward. His politics are a futurist medley of populist libertarianism and he is right at home warning on the future dangers of Artificial Intelligence:

His failures with countless Tesla rollouts have been well documented and the quarterlies for Tesla have not looked good. His promise of a “mass-market” vehicle that can meet the energy efficient demands of consumers has nearly become a running joke. Tesla, for all intensive purposes, feels decades away from turning a market away from the insatiable bank accounts of oil executives. Which is why Musk has been looking into other ventures. Namely, rockets and tunnels.

First, the rockets:

One of the great obstacles in the exploration of our universe is the immense costs associated with rocket technology. By producing a rocket that can land on a pinpoint location, SpaceX will cut the prohibitive costs of space travel and allow for low orbit missions that include the Moon, Mars, and asteroids for mining. With the federal government as uninvolved as ever with space exploration, accurate and reusable rockets are among a new class of assets that will only grow in necessity and value.

But what about simple problems on earth? Like traffic. Our roads and bridges are falling apart after decades of poor maintenance and the need to address transportation issues of today is critical. As Trump calls for a 1.5 trillion dollar infrastructure plan, Musk has suggested one alternative to the transportation builds of the 20th century:

The Boring Company.

The Boring Company’s idea is simple: dig into the earth and create massive tunnels that can transport humans with efficiency and timeliness throughout the Southern California area and beyond. The thought was birthed one day as Musk sat through another day of insufferable Los Angeles traffic:

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The tunnels will be multi-tiered with as many as 12 layers of underground transport. Users will board autonomous transportation pods located in public areas the size of a parking space. The pods will lower into the ground and act as an updated subway system to transport people to their destination in a timely manner. According to the image on The Boring Company’s media page, the initial plans show paths that crisscross Los Angeles:

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One major obstacle that Musk will have to hurdle is California politics. Just last week, Californians were informed by state officials that the proposed price of the above ground bullet train project has more than doubled in estimation from an initial $33 billion dollars to a now staggering $77 billion. Some analysts have pinned the project’s cost at closer to $100 billion dollars after a slew of regulatory and aesthetic issues have cropped up in the past few years.

There are also structural concerns for the project. Southern California sits on the San Andreas fault line and is known for its earthquakes. Furthermore, no one can be quite sure what sits underneath the ground and what the cost of relocating sewers and water lines might be.

In late 2017, Musk and his team put in a bid to build an express transit lane between O’Hare airport and downtown Chicago. With ongoing discussions in LA, Chicago, and NYC, The Boring Company could become the biggest disruptor in the modern transportation field.

Image Sources The Boring Company

Deep Water Systems Is A Hidden Crypto Treasure

One of the more interesting cryptocurrency projects set to launch this year is a relatively unknown seafloor mapping company with expertise in robotics and software engineering. Deep Water Systems (https://deepwater.systems) will use artificial intelligence to recognize patterns of disturbance on the ocean floor in an attempt to identify potential sunken treasures and mineral deposits along the Caribbean & Atlantic seaboard.

With an estimated two billion dollars worth of sunken treasures sitting on the ocean floor and more than 100,000 shipwrecks still undiscovered, DWS is the first blockchain based startup to tackle this eccentric industry. With expanded markets in oil and minerals, DWS could potentially service a broad range of underwater systems requiring intensive data of what lies beneath.

The project is led by founder and CEO Alejandro Gavrilyuk, an early cryptocurrency adopter with over 15 years of IT & business management experience. The research team has already been working for three years on their DeepSystem, a unique large-scale information and measurement system that will be at the center of collecting and interpreting data patterns from the seabed. Using state-of-the-art technology attached to torpedo looking “gliders,” Deep Water Systems currently recognize 70-80% of underwater objects. In the future they hope to get that number as close to 100% accurate as possible.

The gliders, almost 6 feet in length a piece, can work autonomously for almost half a year. DWS hopes to build a fleet of 2,000 gliders that will be unleashed along the historical trade routes throughout the Atlantic Ocean. These machines will attempt to identify mineral deposits and nodules that are rich in nickel, copper, cobalt, zinc, silver & gold. If successful, Deep Water Systems could be a disruptor in the space of deep sea information and data accumulation.

Not to be confused with an actual deep sea mining outfit, DWS is in the game of seek, find and sell. They intend to auction off their deep sea information to the highest bidder and allow those winning parties to mine the goods for themselves. The team will use blockchain technology to provide quick and accurate lots of data for auction with only the winning bidder able to gain access to the DeepSystem findings.

Deep Water Systems begin a pre-ICO offering on February 28th 2018 with bonuses of up to 30% for the earliest investors. DWT is built on the Ethereum blockchain and is an ERC-20 token capable of being stored to any ether wallet. The main ICO is set to begin on April 2 with a valuation of 1 eth = 2000 dwt. The supply of DWT is 700 million with a buy back program touted by the DWS team to stabilize the token’s value over the first year.

Deep Water Systems is a wholly unique project that exists because of the peculiar daring nature of blockchain technology. With the help of DWS, we could uncover major historical finds that are priceless to our understanding of human civilization. More than just a platform for identifying rare goods, Deep Water Systems are also a testament to the ingenuity and creativity of humans and I fully expect we will see hype surrounding the project from mainstream scientific media outlets.

For more information and a clearer look at the goals and aspirations of the team I suggest you read through their wonderful white paper linked below:

DWS Whitepaper

*This is not financial advice and should not be taken as such. ICO’s are volatile, please do your own research!*