Source: NY Times, Mar 2017
The industry most affected by automation is manufacturing. For every robot per thousand workers, up to six workers lost their jobs and wages fell by as much as three-fourths of a percent, according to a new paper by the economists, Daron Acemoglu of M.I.T. and Pascual Restrepo of Boston University. It appears to be the first study to quantify large, direct, negative effects of robots.
“The conclusion is that even if overall employment and wages recover, there will be losers in the process, and it’s going to take a very long time for these communities to recover,” Mr. Acemoglu said.
The paper adds to the evidence that automation, more than other factors like trade and offshoring that President Trump campaigned on, has been the bigger long-term threat to blue-collar jobs. The researchers said the findings — “large and robust negative effects of robots on employment and wages” — remained strong even after controlling for imports, offshoring, software that displaces jobs, worker demographics and the type of industry.
Robots affected both men’s and women’s jobs, the researchers found, but the effect on male employment was up to twice as big. The data doesn’t explain why, but Mr. Acemoglu had a guess: Women are more willing than men to take a pay cut to work in a lower-status field.
In an isolated area, each robot per thousand workers decreased employment by 6.2 workers and wages by 0.7 percent. But nationally, the effects were smaller, because jobs were created in other places.
Source: Open Data Science, Mar 2017
Over the past few years AI has exploded, and especially since 2015. Much of that has to do with the wide availability of GPUs that make parallel processing ever faster, cheaper, and more powerful. It also has to do with the simultaneous one-two punch of practically infinite storage and a flood of data of every stripe (that whole Big Data movement) – images, text, transactions, mapping data, you name it
Source: South China Morning Post (HK), Mar 2013
More Pictures Available Here: http://www.scmp.com/photos/recent/all/1222837
Wall Street Journal interactive documentary, date indeterminate
Source: Alice Keeler website, May 2016
Google Slides now allows the presenter to solicit questions from the audience during the presentation. The presenter is able to see the questions posted, as is the audience. Audience members can vote up the question to ensure the most important questions are highlighted.
Source: HBR, Apr 2017
Gesturing as if you were holding a basketball between your hands is an indicator of confidence and control, as if you almost literally have the facts at your fingertips hands. Steve Jobs frequently used this position in his speeches.
When people are nervous, their hands often flit about and fidget. When they’re confident, they are still. One way to accomplish that is to clasp both hands together in a relaxed pyramid. Many business executives employ this gesture, though beware of overuse or pairing it with domineering or arrogant facial expressions. The idea is to show you’re relaxed, not smug
When you stand in this strong and steady position, with your feet about a shoulder width apart, it signals that you feel in control.
This gesture indicates openness and honesty
The opposite movement can be viewed positively too—as a sign of strength, authority and assertiveness.
Source: Bloomberg, Apr 2017
The move by President Xi Jinping, which evokes memories of the rise of Shenzhen since it was declared a special economic zone more than three decades ago, is seen as a historic milestone to power China’s growth for a “millennium to come,” the official Xinhua News Agency reported. The new zone is expected to eventually cover about 2,000 square kilometers (772 square miles) and jump-start China’s economic growth.
The regional plan has been termed a ‘1000-year project’; the first of its kind since Mao.”
The development of the region will create an urban district in Hebei that will help move some of the non-capital functions away from Beijing, Xinhua reported on Saturday. The new district would initially cover an area of about 100 square kilometers, and authorities want to turn the region into a new growth center as China’s economy slows, according to the news agency.