Automation-Caused Job Loss May Spawn Third-World Instability, World Bank Warns

It would be a mistake to think that automation is a first-world affliction only. As the cost of robots decrease, they will replace workers in the third world also. (See my Social Contract article on this topic: How Automation Threatens Third World Stability.)

Third-world automation is happening now, as shown by robot arms painting motorcycle gas […]

Surplus Workers (Fueled by Immigration) Decrease Wages, L.A. Times Admits

It’s hard to imagine the Los Angeles Times expressing any negativity about illegal immigration ever, but Friday’s front page illustrated in plain dollars how supply and demand function in the workplace. Since the principle is little mentioned in today’s digital economy, here’s a briefo explanation regarding wages: a surplus of workers drives the payscale down […]