Just a quick note to let everyone know that 60 Minutes is running a story tonight called “March of the Machines” about “technological advances, especially robotics, that are revolutionizing the workplace, but not necessarily creating jobs.”
The show will air Sunday, January 13 after the Patriots – Texans playoff game is over; between 7 and 8 pm EST. I’d tell you what to look for, but I haven’t seen the piece yet. I’ll report back here with my impresssions of it, and I’d love to hear yours. So leave a comment after it airs, please…
When I’m trying to understand something, I start drawing graphs using whatever data’s available; pictures help me more than tables of numbers or regression coefficients. So here’s a picture I drew to see recent trends in US labor productivity — how much more output the American economy gets from its workers over time.
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October 2, 2015 - This last week has proven to be tougher than both my wife and I thought. Moving at our age leads to lots of aches and pains. There is only so much that these old bones and muscles can endure before they protest seeking acetaminophen or something stronger to stop the ache.
Money is the primary mechanism for storing and exchanging value, especially in our daily purchases, and it’s heading rapidly into a faster, smarter and more mobile future. Nevertheless, the constant in the midst of change will remain levels of human trust in the proliferating forms of money.
September 23, 2015 - In 2015 437 companies so far have factored carbon emissions in their financial planning.
September 22, 2015 - There are no geopolitical boundaries when it comes to the atmosphere. The molecules of air I exhale right now at some point may find their way to China and back again.
September 21, 2015 - One of the most interesting 21st century phenomenon is the rise of an entirely new type of business built on the infrastructure of the Internet and designed not just to make money but to provide a public benefit as well. In the past public benefit was something delivered by government. Think libraries and hospitals.
September 20, 2015 - Star Trek IV The Voyage Home featured humpback whales and a scene in which Scotty and Dr. McCoy offered a company in San Francisco the secret to transparent aluminum, a material not yet invented at the time. Dr. McCoy questioned whether the disclosure would alter the future.
September 18, 2015 - If the entire Antarctic continent were to melt it would add 58 meters (190 feet) to world sea levels. The real question is how much additional carbon in the atmosphere would be needed for this scenario to play out?
September 16, 2015 - If you think of industries that are insulated from technological progress you might say insurance. And yet there are a number of technological innovations that are altering even this staid group of companies. Some of these technologies are industry bred. But the real disruptions are those that are unforeseen.