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Sunday, November 17, 2024

[Video] 60 Minutes: Are Robots Hurting Job Growth?

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

I had missed ’60 Minutes’ this week so someone flagged this story for me on the rise of the machines.  Long time readers will know this is a topic heavily covered before it has started to become “obvious” to the masses.  Some of this will be remedial but other parts relatively eye opening.  I believe this to be one of the biggest issues of our time as it has potential to change the whole work dynamic for countless citizens.  There are a myriad of long term consequences but in the short term the increasingly “jobless” recoveries the U.S. has been experiencing are partially explained by the rise of automation.

13 minute video – email readers will need to come to site to view

[Dec 6, 2012: Automation (Robots) Coming to China…Fast]

[Mar 28, 2011: Productivity – Wo(man) vs Machine]

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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