Tag Archives: automation

Trump, Trade and Taxes

Donald Trump has made trade agreements a central issue in this presidential election, declaring trade treaties such as the North American Free Trade Agreement (NAFTA) as unfair and subject to cancellation or renegotiation. Setting aside the issue of whether presidents … Continue reading

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Work Won’t Be Scarce–It’s Paid Work That Will Be Scarce

All the media chatter about work disappearing due to automation fails to draw the critical distinction between useful but unpaid work and profitable work.Since value (and profits/wages) flow to what’s scarce, what matters is not the decline of useful work–there’s … Continue reading

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The Network Effect, Jobs and Entrepreneurial Vitality

We have all experienced The Network Effect: the more people who start using a service, the more valuable that service becomes to every user. Examples include the telephone, the Internet, and social media sites. Each new user is only seeking … Continue reading

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The Flaws in Basic Income for Everyone

Finland made the news recently by proposing a pilot program of guaranteed income for all, also known as Universal Basic Income: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens. The goal is two-fold: by providing every household … Continue reading

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Why The Status Quo Is Doomed, Part 1

We’re like the passengers on the Titanic 10 minutes after the mighty ship struck the iceberg: there is virtually no evidence to those on deck or those snug in their warm cabins that everything they reckoned was safe and secure … Continue reading

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