You would have felt lazy, and likely viewed as pathetic and stupid if you were alive in 1825. Why? Because 200 years ago your work options were almost certainly limited to farm drudgery six days a week, dawn to dusk. The truth about how life used to be is useful to think about in […]
There Are No Lazy or Stupid People, There’s Just a Lack of Progress Read More »
“It’s not about driving down the cost of labor.” Those are the words of Lorenzo Pautasso, general manager of RobCo’s U.S. office. Pautasso conveyed them to Farah Stockman of the New York Times. He was making it clear that robots in no way threaten the jobs of existing workers, rather they solidify them. Henry Ford vivified
With Each Passing Day, Robots Are Enhancing the Value of Workers Read More »
Basic income guarantees won’t define the future, opposite the predictions of more than a few AI visionaries. That’s because what replaces human effort does so by powerfully raising the productive value of human beings. Machines and robots that will do for us and think for us won’t make us useless any more than extra
The End of Laziness Will Run Roughshod Over Income Guarantees Read More »
There’s no retirement crisis. Those promoting the notion that Americans don’t have enough money to retire will eventually regret their expressed pessimism. Contemplate the happy fact that LeBron James recently announced a plan to return for his 23rd NBA season. James’s decision helps expose the flaw in a “retirement crisis” narrative that just won’t die.
There’s No ‘Retirement Crisis,’ LeBron James Shows Why Read More »
Immigration to the U.S. is by its name a wage positive. It’s tautological. Higher wages are what instigate immigration, so to pretend as some do that the arrival of immigrants pushes down wages implies that the purest of market signal of all (the migration of humans) is a stupid one. No, not likely. More
Love or Hate Immigrants, They Do Not Drive Down Wages Read More »
Who was Norm Peterson? You’re aging yourself if you know the answer to the question. More realistically, you aged yourself by clicking on an opinion piece with “Norm Peterson” in the title. About what’s been written so far, rest assured that none of it is meant to tell readers about a show that they
Cheers, There Will Never Be Another Norm Peterson Read More »
Compensation in the United States is very good. How you know this without knowing it is that most of the best, most valuable businesses in the world are American. It brings to mind the popular narrative in 2021-22 about the “great resignation,” and how employees had gained the upper hand over their employers as
The ‘Great Resignation’ Was Always An Obnoxious Myth Read More »
The view here is that mass deportation of Mexicans from the United States will ultimately result in quite a few more Mexicans searching for a way to get to the United States than before. It’s basic economics. Regardless of ideology, please read on. “I build their dream houses. That means I depend strictly on
Deportation of Mexicans Will Result In More Mexicans In the U.S. Read More »
