A long pondered but only lately realized blog about economics, politics, evaluation, econometrics, Ann Arbor, academia, college football and whatever else comes to mind.
Monday, August 18, 2014
Humans need not apply
An over-the-top but still interesting and entertaining video about capital-labor substitution.
The video does overstate the case: in recent decades the labor market managed to absorb all the folks who used to farm as well as large numbers of assembly-line workers, keypunch operators and the like. I think the takeaway is more about the value of general skills (e.g. how not to be a jerk, how to show up on time, how to manage) than about a future with no work.