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There was talk about renaming the Krugman thread for this purpose, but that seems to be going nowhere. Besides which, I feel the Krugman thread should be left to discuss Krugman while this thread can be used for more general economic discussion.

Discuss:

  • The merits of competing theories.
  • The role of the government in managing the economy.
  • The causes of and solutions to our current economic woes.
  • Comparisons between the economic systems of different countries.
  • Theoretical and existing alternatives to our current market system.

edited 17th Dec '12 10:58:52 AM by Topazan

LeGarcon Blowout soon fellow Stalker from Skadovsk Since: Aug, 2013 Relationship Status: Gay for Big Boss
Blowout soon fellow Stalker
#14401: Nov 28th 2015 at 6:25:45 AM

Manufacturing? Sure. Accounting? Maybe. But machines properly replacing service jobs? Maybe in fast food places but in literally every other service job that's a big no. Robots are still too dumb.

Oh really when?
SeptimusHeap from Switzerland (Edited uphill both ways) Relationship Status: Mu
#14402: Nov 28th 2015 at 6:47:08 AM

Also, if memory serves, service robots have already been used but they tend to receive less positive responses by customers than human service.

"For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled." - Richard Feynman
nightwyrm_zero Since: Apr, 2010
#14403: Nov 28th 2015 at 8:59:28 AM

[up][up]It's kinda silly but at the local Mc D where they have the order-taking machines, instead of some of the staff being at the counter taking order, they have the staff by the machines teaching people how to use the machines....

Greenmantle V from Greater Wessex, Britannia Since: Feb, 2010 Relationship Status: Hiding
V
#14404: Nov 28th 2015 at 9:02:03 AM

[up] You mean like so-called "self-service tills" at supermarkets? Then again, there is somewhere where machines can take over the work of humans — online shopping...

Keep Rolling On
Zendervai Visiting from the Hoag Galaxy from St. Catharines Since: Oct, 2009 Relationship Status: Wishing you were here
Visiting from the Hoag Galaxy
#14405: Nov 28th 2015 at 10:17:38 AM

[up][up] The last time I went shopping there was a lady at the next self-checkout over screaming "BUT WHAT DOES IT MEAN!?" over and over at the top of her lungs while the machine was asking her how she wanted to pay. The screen had huge icons showing that the options were debit, credit or cash. She was maybe 30. It turned out that she wanted to pay with cash. She knew how to put cash in, but she had no idea about which option to pick to do that.

There will always need to be at least a few employees because people will convince themselves they don't know how to do something that is actually really simple, or blindingly obvious.

Not Three Laws compliant.
Silasw A procrastination in of itself from a handcart heading to Hell Since: Mar, 2011 Relationship Status: And they all lived happily ever after <3
A procrastination in of itself
#14406: Nov 28th 2015 at 10:22:39 AM

[up] True but you can still often reduce the number of people needed. 1 person can watch over 6 self service tills, instead of having 4 human tills with 4 people manning them.

"And the Bunny nails it!" ~ Gabrael "If the UN can get through a day without everyone strangling everyone else so can we." ~ Cyran
Fighteer Lost in Space from The Time Vortex (Time Abyss) Relationship Status: TV Tropes ruined my love life
Lost in Space
#14407: Nov 28th 2015 at 10:30:27 AM

The throughput of those self-service checkout systems is lower than a regular line, though, partly because of limited space making it exceedingly awkward to check out a large order, but also because the system attempts to prevent theft by making you scan and bag each item individually.

Couple that with customers being less practiced at the activities involved in checking out, often requiring assistance, and those systems end up having significant drawbacks.

We won't get fully automated checkouts in grocery stores without making much wider use of RFID technology. Better to dispense with storefronts entirely and make the entire shopping experience based on online order/delivery.

edited 28th Nov '15 10:32:47 AM by Fighteer

"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"
Silasw A procrastination in of itself from a handcart heading to Hell Since: Mar, 2011 Relationship Status: And they all lived happily ever after <3
A procrastination in of itself
#14408: Nov 28th 2015 at 10:51:09 AM

Thing is you don't need an exact till for till output equality. You just need the number of self service tills supervised by one person (say 6) to be faster then if that one employee was running a normal till.

"And the Bunny nails it!" ~ Gabrael "If the UN can get through a day without everyone strangling everyone else so can we." ~ Cyran
Fighteer Lost in Space from The Time Vortex (Time Abyss) Relationship Status: TV Tropes ruined my love life
Lost in Space
#14409: Nov 28th 2015 at 10:54:34 AM

But if individual customers have a poorer experience checking out, you haven't actually saved anything except the number of meat sacks on your payroll. Those self-service tills only work for small orders; you still need regular checkout lanes for anyone who buys a significant amount of stuff.

edited 28th Nov '15 10:56:09 AM by Fighteer

"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"
Ogodei Fuck you, Fascist sympathizers from The front lines Since: Jan, 2011
Fuck you, Fascist sympathizers
#14410: Nov 28th 2015 at 10:55:29 AM

The point is that it will happen slower than the futurist doomsayers think, but it will still happen, and arguably has been happening as part of the dilution of manufacturing.

Fighteer is right in that businesses and government are slower to adapt internally, but external adaptations, in the consumer market, are very quick. While 911 might still rely on archaic analog telephone systems, the consumer end is unrecognizable. But the inertia of business and government systems will stand in the way of efficiency-ushered doom.

Fighteer Lost in Space from The Time Vortex (Time Abyss) Relationship Status: TV Tropes ruined my love life
Lost in Space
#14411: Nov 28th 2015 at 10:58:21 AM

Automation in manufacturing is here and will only get bigger. Automation in office environments — particularly in government and heavily regulated industries — is incredibly slow. Automation in service industries has major consumer adoption hurdles to overcome.

Home automation is largely out of the reach of the majority of consumers who aren't rich enough to afford it.

edited 28th Nov '15 10:58:41 AM by Fighteer

"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"
Greenmantle V from Greater Wessex, Britannia Since: Feb, 2010 Relationship Status: Hiding
V
#14412: Nov 28th 2015 at 11:00:14 AM

[up] And full automation in the military will be the slowest of them all, especially where Nuclear Weapons are involved.

Keep Rolling On
Zendervai Visiting from the Hoag Galaxy from St. Catharines Since: Oct, 2009 Relationship Status: Wishing you were here
Visiting from the Hoag Galaxy
#14413: Nov 28th 2015 at 12:59:40 PM

Although, maybe upgrading the nuclear weapon security systems to something developed in the last 40 years might be a good idea. Yeah, the current system is practically impossible to crack, but it might well break completely.

Not Three Laws compliant.
Silasw A procrastination in of itself from a handcart heading to Hell Since: Mar, 2011 Relationship Status: And they all lived happily ever after <3
A procrastination in of itself
#14414: Nov 28th 2015 at 1:20:56 PM

I'm totally up for uncrackable nukes that wouldn't even fire if they were hacked.

"And the Bunny nails it!" ~ Gabrael "If the UN can get through a day without everyone strangling everyone else so can we." ~ Cyran
Greenmantle V from Greater Wessex, Britannia Since: Feb, 2010 Relationship Status: Hiding
V
#14415: Nov 28th 2015 at 1:27:45 PM

[up] With Blue Circle warheads?

Keep Rolling On
DeMarquis Who Am I? from Hell, USA Since: Feb, 2010 Relationship Status: Buried in snow, waiting for spring
Who Am I?
#14416: Nov 28th 2015 at 3:14:15 PM

Automation will eliminate many jobs, and create more than they eliminate. Always have, always will.

"We learn from history that we do not learn from history."
Ogodei Fuck you, Fascist sympathizers from The front lines Since: Jan, 2011
Fuck you, Fascist sympathizers
#14417: Nov 28th 2015 at 7:30:00 PM

I don't see it, myself. We could easily reach a point where computers/robots can do 90% of anything we could possibly want done better than we ever could. Problem solving tasks, physics, computer programming, data entry, manufacturing, machines can do a lot of this stuff better than we can.

NativeJovian Jupiterian Local from Orlando, FL Since: Mar, 2014 Relationship Status: Maxing my social links
Jupiterian Local
#14418: Nov 28th 2015 at 8:38:10 PM

Well, if we reach the point where automation can literally replace most people, then we'll have reached what's called a "post-work society". At that point, we'll essentially have to implement some sort of highly-redistributive economic system where taxes on the wealthy (presumably the people who own all the automation that's replacing workers) pay for a basic income that allows everyone else to survive. If you don't do that, you get people literally starving on the streets, and when that sort of thing happens en masse you end up with a revolution — the torches-and-pitchforks kind.

Of course, this is all far enough in the future that it's essentially science fiction. In the meantime, the most we can look forward to is disruptive technologies causing problems in certain industries. Self-driving cars putting all the truck drivers out of work sort of thing, which is no different than things that have happened before (electric lights putting candle-makers out of business, etc).

edited 28th Nov '15 8:40:25 PM by NativeJovian

Really from Jupiter, but not an alien.
Quag15 Since: Mar, 2012
#14419: Nov 28th 2015 at 8:42:26 PM

[up]And there are still candle companies and makers out there, for various different kinds and purposes (from domestic aesthetic to religious purposes), in any case.

edited 28th Nov '15 8:42:43 PM by Quag15

probablyinsane Since: Oct, 2011 Relationship Status: I LOVE THIS DOCTOR!
#14420: Nov 28th 2015 at 9:56:41 PM

Re: Automation in Office Environments

Here's some snippets from the book.

Writing

Narrative Science’s technology is used by top media outlets, including Forbes, to produce automated articles in a variety of areas, including sports, business, and politics. The company’s software generates a news story approximately every thirty seconds, and many of these are published on widely known websites that prefer not to acknowledge their use of the service.

Computer Maintenance

A Facebook executive noted in November 2013 that the Cyborg system routinely solves thousands of problems that would otherwise have to be addressed manually, and that the technology allows a single technician to manage as many as 20,000 computers.

Data Analysis

In 2012, Roman Stanek, the CEO of Good Data, a San Francisco company that uses Amazon’s cloud services to perform data analysis for about 6,000 clients, noted that “[b]efore, each [client] company needed at least five people to do this work. That is 30,000 people. I do it with 180. I don’t know what all those other people will do now, but this isn’t work they can do anymore. It’s a winner-takes-all consolidation.”

How are things looking for recent graduates

Between 2003 and 2012, the median income of US college graduates with bachelor’s degrees fell from nearly $52,000 to just over $46,000, measured in 2012 dollars. During the same period, total student loan debt tripled from about $300 billion to $900 billion.

Underemployment among recent graduates is rampant, and nearly every college student seemingly knows someone whose degree has led to a career working at a coffee shop.

the economists found that around the year 2000, overall demand for skilled labor in the United States peaked and then went into precipitous decline. The result is that new college graduates have increasingly been forced into relatively unskilled jobs—often displacing nongraduates in the process.

Even those graduates with degrees in scientific and technical fields have been significantly impacted. As we’ve seen, the information technology job market, in particular, has been transformed by the increased automation associated with the trend toward cloud computing as well as by offshoring. The widely held belief that a degree in engineering or computer science guarantees a job is largely a myth.

An April 2013 analysis by the Economic Policy Institute found that at colleges in the United States, the number of new graduates with engineering and computer science degrees exceeds the number of graduates who actually find jobs in these fields by 50 percent.

edited 28th Nov '15 9:57:31 PM by probablyinsane

Plants are aliens, and fungi are nanomachines.
Greenmantle V from Greater Wessex, Britannia Since: Feb, 2010 Relationship Status: Hiding
V
#14421: Nov 28th 2015 at 11:45:05 PM

Self-driving cars putting all the truck drivers out of work sort of thing, which is no different than things that have happened before (electric lights putting candle-makers out of business, etc).

Apparently Volvo are working on self-driving trucks and buses.

Keep Rolling On
TheHandle United Earth from Stockholm Since: Jan, 2012 Relationship Status: YOU'RE TEARING ME APART LISA
United Earth
#14422: Nov 29th 2015 at 3:01:42 AM

Well, if we reach the point where automation can literally replace most people, then we'll have reached what's called a "post-work society". At that point, we'll essentially have to implement some sort of highly-redistributive economic system where taxes on the wealthy (presumably the people who own all the automation that's replacing workers) pay for a basic income that allows everyone else to survive. If you don't do that, you get people literally starving on the streets, and when that sort of thing happens en masse you end up with a revolution — the torches-and-pitchforks kind.

Yeah, well...

Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.
AngelusNox The law in the night from somewhere around nothing Since: Dec, 2014 Relationship Status: Married to the job
The law in the night
#14423: Nov 29th 2015 at 6:58:54 AM

The loom, the printing press, the steam engine, the tractor and many other sorts of machines replaced what would be hundreds of tailors, scribes, laborers, farmers and workers, yet the employment increased, people doing those jobs went on to do something else.

While these things make jobs easier, they can't fully replace them. For a computer to assemble an article someone has to write and document the content first, a administrator can manage thousands of computers but you still need human hands to repair and configure them, those data analysis probably mean that those other 4 people aren't out of a job but assigned to do something else. Which is what usually happen.

Automation either allows you to do something else with the same workforce or allows you to get bigger without massive costs.

The rest is not related to automation as much it is related with the screw ups of the US and the global market, specially how shitty the work conditions are in the US. The US and Europe also no longer grow fast enough to absorb their students, meanwhile emergent countries with booming economies are having a deficit of skilled STEM students.

Stagnated economies and little growth screw graduates and the average worker more than automation ever will.

The lingering problem with automation replacing everyone is that today there are companies that realized that you need to pay a decent wage and provide decent jobs otherwise you will have no customers for the stuff you make.

By the time automation replaces most if not all work, we will no longer be playing by the current economic models of today, we'll probably work with something that can be describe with a pre-post scarcity economy, where work is no longer scarce but resources may still be.

Inter arma enim silent leges
TheHandle United Earth from Stockholm Since: Jan, 2012 Relationship Status: YOU'RE TEARING ME APART LISA
United Earth
#14424: Nov 29th 2015 at 7:50:11 AM

Again, I'm worried about security-bots.

Thankfully, robots will suck at detecting allegiance for a long time.

Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.
AngelusNox The law in the night from somewhere around nothing Since: Dec, 2014 Relationship Status: Married to the job
The law in the night
#14425: Nov 29th 2015 at 8:23:20 AM

Are you really sure?

Inter arma enim silent leges

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