Sunday, May 31, 2015

Much More Than The Robots Per Se

Will A Robot Steal Your Job? | Zero Hedge: "Will a robot steal your job?

It turns out that the answer depends on the prevailing macroeconomic conditions much more than people think. 

In other words, in a technologically-advanced economy, cheapening capital by central bank decree can actually destroy jobs rather than create them. Try wrapping your head around that one Thomas Piketty.

It seems that many of our jobs are under threat as a result of policies that create severe economic distortions, much more than the robots per se."