This page has been archived and commenting is disabled.

I, Not Robot: Why The Rise Of SkyNet Leads To Automatic Unemployment For The People

Tyler Durden's picture




 

With so much hollow and pointless discussion over the past week, month and year over such fundamentally trivial things as who will inject more money faster, who will be bailed out first, who will go back to their own currency before everyone else, it is easy to forget that reality actually matters. And the reality is not who has their CTRL-P macro stuck, but what does the future of the world truly hold when one sidesteps such idiotic flights of fancy that debt may be cured with more debt. In order to completely change the topic from what has become trivial and generic - i.e., the various encroaching forms of central planning: Fed, SCOTUS, G-8 through G-20; European Finance Ministers, and now, with the ESM passing German parliament, the German Constitutional Court, we focus on something few have discussed, yet all have a morbid fascination with: Robots... And China. And why the combination of the two just may be the most dangerous thing for China's several hundred million strong migrant labor force, which, on the margin may just be the deciding factor defining the engine of global growth for the next decade. Oh, and did we mention global structural unemployment which will only get worse as increasing automation leaves more and more millions collecting their 99 weeks of extended unemployment benefits.

And since we have written far too much this week, we will let the charts do most of the talking.

Machinations and autobots, and unmet Chinese markets:

Robots and unemployment: correlation or causation?

Finally, here is why China better have learned all the tricks of the labor market manipulation trade from the BLS. It will need it.

Those who are lazy and/or have been replaced by a robot lately, can stop reading here.

For everyone else, here are some parting thoughts from Goldman's Hugo Scott-Gall

Who does automation benefit more? Low-cost producers in Asia or high-value manufacturers in the developed world? In the near term, it’s likely that we’ll see an accelerated adoption of automation in Asia, and in China in particular, as companies there face rising wages, increasing competition and slowing global demand and pricing pressure that necessitates higher efficiency. And to add to it, financing such capital investment is perhaps most convenient (and quickest) in a place like China in the current environment. Wrapping up that argument is the economy’s conscious effort to industrialize and move up the manufacturing value chain. When higher levels of automation materialize, it should lead to a pick up in productivity (off a low base – China has c.90 robots per 10,000 workers compared to more than 300 in Japan). But will it provide a sustainable advantage?

 

Transforming a factory teeming with people to an automated assembly line of complex machinery is easier said than done. It not only requires highly skilled talent and experience to manage the process (tough to acquire even through global recruitment), but also a much deeper shift in the way the manufacturing process is planned and executed. We think the advantage here lies with the West, together with Japan and South Korea, which is why they should be able to maintain their lead on higher-value exports (which includes robotics), for most of the coming decade. Does this mean manufacturing facilities will move back to the West? Taking cheap labour out of the equation, manufacturing facilities must stay close to end consumers (which is Asia for some sectors like autos, smartphones etc.), having balanced out the transportation costs and IP risks with associated infrastructure costs.

 

Companies that incorporate automation in their manufacturing process should see the labour intensity of their operations fall at the expense of capital intensity, though this may not be a 1:1 match and the payback could take time – lower asset turn versus higher EBITDA margin. Also, setting up industrial robots (with average life-spans of 12-15 years, but no pension costs!) requires management to have longer-term visibility and sound forecasting skills. Automation should also reduce working capital as production lead times fall, thanks to scheduling flexibility (i.e., if inventories have been built, or demand is weakening, it’s easier to run the machines for fewer hours or even shut them temporarily, at the expense of lower capacity utilization, than to reduce the number of employees – the cash cost of production falls and this advantage should be weighed against debt servicing if any). In essence, automation most likely works for a company with a healthy balance sheet, good demand visibility and superior industry positioning.

 

Automate and eliminate

 

Finally, we address the potential impact of automation on human capital. It’s easy to be wholly negative in the current environment and conclude automation would drive structural unemployment, leading to lower disposable incomes and weaker consumption. And this would not be completely wrong – we think the sticky unemployment we are seeing in the US and in Europe has a lot to with jobs permanently eliminated by technology. The average duration of unemployment in the US has never been as high as in this downturn, and this follows the relentless export of jobs to lower-cost countries over the past decade or so, making it particularly painful (and for a period slowing down the penetration of automation). And, ceteris paribus, you could envision a world dominated by a machine-to-machine economy, where most things are done by intelligent technology, leaving only highly skilled people with the lion’s share of the limited jobs. This would lead to further income inequality. Would estimates of global population growth remain the same if we did not need 10 bn people, and if we didn’t have the means to feed them? And could automation then be seen as a driver of globalisation that through its success provokes de-globalisation?

 

In mankind, we trust

 

But we take a more positive view than the bleak dystopian one outlined above. The global workforce has been able to adapt to the advent of machines since the industrial revolution, and the subsequent evolution in the types of jobs that a typical economy has to offer. When more and more women entered the workforce in the 1960s and 1970s, particularly after automation in the home, the developed countries could handle the boost that gave to their workforce, since they were transitioning from a physical, manufacturing-based economy to a services-based one. We could see something similar happen with automation too. Twenty years from now, it’s more likely that there will be different sorts of jobs to fill in the gap that technology is creating now. But this will not happen without short-term dislocations, as the current workforce needs to be better trained, not for a particular type of job, but to be nimble enough to evolve along with the changing needs of the world. This will take time, perhaps even a generation, and until then automation could continue to hurt the labour market.

 

To conclude we think automation is spawned from innovation and technological advancement. Things that the West and the developed world have been very good at. Automation can bring with it a productivity surge for industries that employ it, and those that could potentially employ it. Initially automation is an attractive way of reducing labour costs and the risks associated with labour. However, increasingly it is a more meaningful driver of product quality and process, and therefore an important part of competitive advantage. We expect automation penetration to increase and can see winners in both providers (Andritz, Spectris, ABB, Dassault) and users like (Sirona, Sonova, Nissan, Rio Tinto and Apple).

Well, there's the forced utopian view. And then there is the one which those who are unemployed for years and years will have no choice but to adopt, if for no other reason than to create a cognitive dissonance barrier that preservers the last shreds of one's dignity: namely that it is all the robots fault that structural unemployment is now worse than it has ever been.

And there is nothing some central banks' printers can do about that.

Maybe the Terminator movie was right all along...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 06/29/2012 - 18:08 | 2574848 ACP
ACP's picture

"I" want a handout.

...in exchange for my vote, BITCHEZ!

Fri, 06/29/2012 - 18:16 | 2574860 mikla
mikla's picture

Sadly, that's a rational response, as that's the only way to get ahead.

The implications are massive, and counter-intuitive:

  • When you cannot "diversify" your investments, it makes no sense to diversify.
  • When you can make more money speculating on public largesse, it makes no sense to invest.
  • When the ROI on purchasing politicians is outstanding, it makes no sense to build an economy.
Fri, 06/29/2012 - 18:17 | 2574868 battle axe
battle axe's picture

But the real story is Tom Cruise and Katy Holmes are getting divorced..../sarc

 

Fri, 06/29/2012 - 18:35 | 2574913 Winston Churchill
Winston Churchill's picture

Which thingamejigs do robots buy ?

Fri, 06/29/2012 - 18:54 | 2574942 The Disappointed
The Disappointed's picture

The Tin Woodsman still needed someone to lube him up after the rain fell.
If Dorothy had refused to use the 'oil can' on him, she could have taken the axe and his job.

Fri, 06/29/2012 - 19:54 | 2575068 Tinky
Tinky's picture

Speaking of the Tin Woodsman...

http://mtanga.com/Larson9.jpg

Fri, 06/29/2012 - 20:13 | 2575093 AldousHuxley
AldousHuxley's picture

Japanese elites saw robots as the solution to declining birth rate.

 

robotics should be America's future......only way to compete with BILLION Chinese slaves is to have one middle class American oversee 100 robots that work 24/7.

 

Thus, Rockefellers are funding human depopulation. Elites no longer need Americans. Elites will no longer need Chinese.

 

Wait until you have robots making robots.

 

Terminator was a great movie.

Fri, 06/29/2012 - 20:50 | 2575150 BKbroiler
BKbroiler's picture

Man, this why I read ZH.  Articles like these are published light years before an honest discussion about it opens anywhere else.  Good work Tylers.

Fri, 06/29/2012 - 20:56 | 2575166 Big Corked Boots
Big Corked Boots's picture

The whole future is turning into a Philip K. Dick story.

http://en.wikipedia.org/wiki/Autofac

 

Fri, 06/29/2012 - 21:42 | 2575226 Yes_Questions
Yes_Questions's picture

 

 

Yes it is.

Fri, 06/29/2012 - 21:57 | 2575253 Shocker
Shocker's picture

There is plenty of reasons for the current unemployment problem.

Policies, regulations, a little bit of everthing.

http://www.dailyjobcuts.com

-

-

Fri, 06/29/2012 - 22:22 | 2575283 Yes_Questions
Yes_Questions's picture

 

 

I'm sure there are plenty of reasons.

But there is only one cause.

 

Sat, 06/30/2012 - 04:36 | 2575533 Barefooted_Tramp
Barefooted_Tramp's picture

Machines are the big taboo of  technocracy. They HAVE to be go(o)d.

So better find some fake causes for the disastrous effects of machines.

Sat, 06/30/2012 - 11:52 | 2577036 Yes_Questions
Yes_Questions's picture

 

 

Yeah.

Everyone seems to agree that automation benifits capital through reduced payroll, but there is no apparent agreement on what to do about the idle human talent that results from it.  

Machines deployed to reduce/eliminate wages and idle workers with no money to consume goods dependent on automation.

 

Can there be peak automation?

 

 

 

 

Sat, 06/30/2012 - 08:20 | 2576185 Bobbyrib
Bobbyrib's picture

Policies and regulations? Only with small businesses. The multi-nationals are exporting jobs and importing cheaper labor through the visa programs. The middle class wealth started to flee the country when the jobs (whether blue or white collar) started to flee the country. The credit bubble only made the economic problems of the middle class worse. You can put in "pro-growth policies and remove regulations all you would like, it still won't get you down to the point of 4-5% unemployment anytime soon. Maybe it will help by up to .5%. This country has been gutted by the oligarchs and opportunity has gone out the window.

What I am thinking of doing is going to a country with low taxes to try to live off the land. I want to try to be able to sell to the massive amount of slave laborers throughout the world. This country is trying to go back to the policies of the 19th century and I don't want to be here when the oligarchs succeed.

 

Sat, 06/30/2012 - 11:20 | 2576900 Yes_Questions
Yes_Questions's picture

 

 

You see it.

Its the "reasons" that cloud thinking on the why.

The cause is profit and its blind loyalists are ushering in collapse. 

Sat, 06/30/2012 - 02:09 | 2575487 BBullionaire
BBullionaire's picture

@Bkbroiler.  Not entirely true. Charles Hugh Smith explored these issues several years ago in both blog posts articles and his book survival+ released in 2009 which had a chapter called' the end of paying work.' If i remember rightly his solution was to have multiple income streams by learning a host of new skills.

Fri, 06/29/2012 - 20:54 | 2575161 spinone
spinone's picture

a car is made with less than 24 hours of human labor.  the rest is automation

and robots do make robots:

 

http://www.youtube.com/watch?feature=player_embedded&v=-SREct28lJM

Fri, 06/29/2012 - 23:07 | 2575326 A Nanny Moose
A Nanny Moose's picture

Someone has to build the networks for those robots to communicate. Someone has to secure those networks so the robots don't get Stuxnetted.

Sat, 06/30/2012 - 04:59 | 2575542 Barefooted_Tramp
Barefooted_Tramp's picture

Someone has to build the networks for those robots to communicate.

Right, but usually only slaves have to do things. Humans therefore are merely servants of the machines.

Someone has to secure those networks so the robots don't get Stuxnetted.

Really? Must be a heck of job to secure all those networks. Something like playing bodyguard for the smooth functioning of the machines. Something to be proud of...

Sat, 06/30/2012 - 10:07 | 2576463 BigJim
BigJim's picture

I am genuinely surprised to see so many of my fellow ZHers - most of whom have a much sounder grasp of economics than the average person - falling for what is just is essentially updated Luddism.

Ludd, if you remember, objected not to new technology per se, but to new technology putting the weavers out of a job.

You're all falling for the lump of labour fallacy. It's existed throughout modern history; farm machines would ruin everyone because they'd make farm labour redundant (remember when 90+% of people lived rurally?); cars would raise unemployment because everyone working with horses would no longer be needed, etc, etc. Remember back in 1945 Eleanor Rossevelt, bless her ignorant Statist heart, said: “We have reached a point today where labour-saving devices are good only when they do not throw the worker out of his job.”

Look around you; there's no end of things that need to be done. The reason they're not done is because, presently, they're not economically viable to do. When more human labour is freed up from tedious tasks like planting and harvesting crops, and digging with shovels, and bolting cars together, the price of consumer goods and services drop meaning we can afford more stuff, and meanwhile hire people to do stuff that 100 years ago only the truly wealthy would have dreamed of doing (getting medical treatment, going to a gig instead of staying at home scrubbing collars, going on holidays, etc).

The reason we have clean sheets is because we're not having to dig tubers out of the ground. Wealth isn't work; you're confusing product for process. Wealth is stuff; it's better for everyone if a car is produced for $5000 by a robot than for $25000 by hand.

How many cars do you think there'd be if all we had were hand-builts like Bentleys?

Stop repeating this nonsense.

Sat, 06/30/2012 - 11:21 | 2576904 Ying-Yang
Ying-Yang's picture

And service jobs enhance our culture over manufacturing jobs.. (sarcasm)
Manufacturing is vital to growth in technologies. Globalism is good for stockholders and management. It would be better if we practiced more nationalism. Produce and manufacture goods locally to put locals back to work.
Don't build Bentleys... build cars that can be fixed where pride of craftmenship is superior to higher margins for corporate cartels. You should worry how well your neighbors are doing. You should care if they have jobs and can contribute locally. They live where you live.
Should you wish to reverse the economic trend make do by buying local and when more people do... watch pride return.
Globalism can be defeated by caring about neighbors buying local and not worshipping the "stuff" we can afford.

Sat, 06/30/2012 - 16:31 | 2577549 BigJim
BigJim's picture

Glaobalism's great. It means a Chinaman can buy my products and services, and I can buy his.

Nationalism? I'm guessing that here, you're advocating protectionism... ever heard of Smoot-Hawley? That worked well, didn't it? Another country that practiced wide-spread protectionism is India. Hmmm.

Feel free to hand-build your own car. I personally would rather buy a mass produced Toyota, mainly because I can afford it. I doubt your hand-built vehicle will be anywhere as cheap, or reliable... unless, of course, you use mass-produced parts to build it with.

The reason we can't afford to buy anything manufactured here isn't because of globalism. It's because our government has loaded us down with shedloads of burdensome regulation and legislation. That, and we have had a property bubble, which also raises the amount we need to be paid just to cover our costs. Oh, and a parasitic financial sector, whereby we essentially pay rent for our very currency. And a shedload of debt.

Incidentally, if you're so keen on protectionism, why stop at the nation-state level? Why not only buy goods from people in your own state? County? Or even neighbourhood?

Why stop there? Why not just restrict your purchases to your immediate family?

PS - it's yin yang, by the way.

Sat, 06/30/2012 - 18:36 | 2577682 Ying-Yang
Ying-Yang's picture

No it is my handle... dumbass
It is spelling bait for shitheads and you took the bait.

"Globalism is great" says it all. Have a nice life.

Sat, 06/30/2012 - 23:28 | 2577992 Iwanttoknow
Iwanttoknow's picture

Ying-Yang,Since globalism is great,let's ship him to sub-sahran africa.

Sun, 07/01/2012 - 15:41 | 2578393 BigJim
BigJim's picture

Globalism means different things to different people, but in the context of this debate we're using it to mean free-market transactions beyond nation-state borders.

It's good to see you advocating coercive measures in response to people calling for voluntary transactions - shows where your heart truly is.

Incidentally, why not ship me off to Sweden? I have far more transaction with their citizens than Africa's.... but I suppose, like people advocating socialism, you'd only use examples that don't disprove your thesis.

Sun, 07/01/2012 - 10:11 | 2578391 BigJim
BigJim's picture

Hmmm, I see... so... you don't know how to spell your own handle, and that makes me the dumbass?

I can see now why you won't engage in actual debate.

Fri, 06/29/2012 - 23:25 | 2575350 cranky-old-geezer
cranky-old-geezer's picture

 

 

The squid never showed similar concern when tens of thousands of American manufacturing jobs were being sent to China. 

They're worried now about a few robots taking some of those jobs?

I get annoyed at all the China bashing here.  I think it's jealousy.  They're the rising economic power in the world, we're sinking economically, and people just can't accept that.

Tough shit, it's reality.  And we helped create that reality.

Sat, 06/30/2012 - 04:54 | 2575539 Colonel
Colonel's picture

Damn that bitch's voice is annoying.

Fri, 06/29/2012 - 21:24 | 2575204 Michael
Michael's picture

Sarah Palin just called Nancy Pelosi a "Dingbat".

Fri, 06/29/2012 - 21:47 | 2575241 Yes_Questions
Yes_Questions's picture

 

 

of milfs and avatars..

Sat, 06/30/2012 - 16:03 | 2577527 roadhazard
roadhazard's picture

Pot meet kettle.

Fri, 06/29/2012 - 22:30 | 2575287 post turtle saver
post turtle saver's picture

Electricity and other consumables (hydraulic fluid & lubrication), parts, and maintenance contracts. All of which currently require capital, materials, labor to produce.

Sat, 06/30/2012 - 04:42 | 2575535 FearedDevil
FearedDevil's picture

oil... :)

Fri, 06/29/2012 - 19:24 | 2575005 Raynja
Raynja's picture

if only tom could fuck like a robot, katy would have stuck around ...

Fri, 06/29/2012 - 20:15 | 2575095 AldousHuxley
AldousHuxley's picture

feminists gained power over men when they discovered dildos.

Fri, 06/29/2012 - 20:28 | 2575114 francis_sawyer
francis_sawyer's picture

So ~ Max Fisher, among other things, gets credit for 'girl power'?... Who knew?

Fri, 06/29/2012 - 21:58 | 2575254 geoffb
geoffb's picture

I'd bet that Tom can fuck like a robot as long as its another dude.

Fri, 06/29/2012 - 23:36 | 2575361 baby_BLYTHE
baby_BLYTHE's picture

Size matters. Tom is under 5" 7'.

Sat, 06/30/2012 - 01:12 | 2575458 Vic Vinegar
Vic Vinegar's picture

Holy cow b_B that's witty.  

Sat, 06/30/2012 - 09:06 | 2576347 BlankfeinDiamond
BlankfeinDiamond's picture

Five inches, seven feet?

Sat, 06/30/2012 - 00:23 | 2575408 Divine Wind
Divine Wind's picture

 

 

Regardless of the logic, opportunity awaits the prepared mind.

LEARN MANDARIN. Make your kids learn MANDARIN like you would make them learn piano. Beat it into them if you must.

I had the good fortune of living in Taipei and Hong Kong for a number of years and as a result, the benefit of that full immersion thang.

Long-haired dictionaries were quite useful, but by no means mission critical.

LEARN MANDARIN. You will be doing yourself and kids a huge service.

It is called ADAPTING to those things over which you have no control.

The world is changing. Adapt.

 

Here are FREE language courses developed by the U.S. Gov years ago for 40+ spoken languages.

http://fsi-language-courses.org/Content.php?page=Chinese

 

Sat, 06/30/2012 - 04:14 | 2575528 BigDuke6
BigDuke6's picture

I know u mean well but you'll do better to pump buying guns and mining your fortified enclave around here these days

Sat, 06/30/2012 - 10:59 | 2576766 The Big Ching-aso
The Big Ching-aso's picture

 

 

Oh yeah right learn Mandarin.  What about China first learns English?  The inane BS is relentless.

Sat, 06/30/2012 - 02:35 | 2575499 A Nanny Moose
A Nanny Moose's picture

Free Shyt 2012!

Bytchez!!!

Sat, 06/30/2012 - 07:54 | 2576088 Ol Man
Ol Man's picture

I am a robot technician... luckily the things still break down...

;)

Fri, 06/29/2012 - 18:13 | 2574849 MillionDollarBogus_
MillionDollarBogus_'s picture

And then there is robo-trading...the ultimate evil...

Speaking of robo-trading, where is our old friend RoboTrader....????

I may have to copy their identity and torture em a bit..........  

Fri, 06/29/2012 - 20:21 | 2575106 AldousHuxley
AldousHuxley's picture

robots crash....

 

 

Fri, 06/29/2012 - 20:54 | 2575163 BKbroiler
BKbroiler's picture

If you're gonna jack an avatar from a regular, at least mimick or mock their style effectively.  Copying identity is the easy part, but wit is the realm of the gifted few. MDB fo eva

Fri, 06/29/2012 - 18:09 | 2574851 Skateboarder
Skateboarder's picture

Automation will come through startups at first, then giant corporations, as we all slowly get eaten. I am skilled in software and mechanical automation among other things, and the kinds of code I foresee future codemonkey slaves writing scares me. Welcome to the future boys. They're gonna where you are, what you do, what you say, and what you think at all times.

Fri, 06/29/2012 - 18:52 | 2574937 NotApplicable
NotApplicable's picture

Entropy and chaos theory will keep us code-monkeys busy for quite some time, given that the world is run by criminals, rather than engineers.

It's easy enough to envision an automated future, but dive into its inner workings, and one quickly discovers fubar anywhere one cares to look.

As for mechanical automation, well, those same criminals cannot escape the ramifications caused from their malinvestments (just think of all of the Detroit robots out of work, for instance). Capital squandered today will not be available tomorrow.

Much like the modern, financial world, the productive one needs rationality in order to survive, and I just don't see that happening anytime soon.

 

Fri, 06/29/2012 - 19:06 | 2574965 Skateboarder
Skateboarder's picture

I serve real science and exploration; I still value real storytelling. That's why I can't serve their machine, and working for a lot of shit out there sucks. There are some decent folks mindful of their evil footprint, and I like to help them out for compensation. It's easy to be a human robot that kind of plugs into the greater machine, but you have to realize that we have any of this shit in the first place because we spent time exploring things organically, for the pleasure of pursuit and not for monetary reward. Hah, money... what a joke of a compensation. Most people don't value their work to begin with. Perfection is seen as an oddity rather than the norm. It's an unbalanced society completely brainwashed by inorganic thought processes, and people are losing their place with the natural order of life on this planet as everything is being automated. This isn't the world I came into when I was a kid, and it aint lookin pretty for the future either. Nonetheless, all I need to obtain is a a couple of acres of land for a good time with my human and animal friends in a big barn with a halfpipe and good times to come, independent of any collapse.

Fri, 06/29/2012 - 19:22 | 2574997 Global Hunter
Global Hunter's picture

I logged in to vote you up.  Thoughtful posts for sure, Mrs Global Hunter has been in the hospital for 2 weeks and its very sad but I took out my 1989 re-issue Corey O'Brien deck and cruised around to mix it up and try to be happy, after a 2 or 3 false starts I was doing some decent ollies...gota to get my nerve up to go down to the skatepark with it I'm nearly 40!

Fri, 06/29/2012 - 19:54 | 2575069 Skateboarder
Skateboarder's picture

Thanks man. Rapid recovery thoughts for Mrs Global Hunter, hope she is well soon - hang in there and be the pillar. That's rad that you brought your skate out of retirement. I'm the mid-20s crowd and I'm already usually the oldest one in the park, but there's a few dudes in their 30s and 40s cruisin around gently from time to time. I evenmet one dude in his 30s who worked at IBM lol. It's still the best physical activity you can do where there is concrete or wood - hope you get back into it!

A sick video part to cheer you up and blow your mind and stuff:

https://www.youtube.com/watch?v=JI_KHY2QHcw&feature=plcp

Fri, 06/29/2012 - 20:06 | 2575080 my puppy for prez
my puppy for prez's picture

You're a wise one for your age, Skate!  Well, if we are going to have 3-D printing, I hope we can "print" a lot more of your type with heart, soul, and a human brain!

Fri, 06/29/2012 - 21:07 | 2575181 Global Hunter
Global Hunter's picture

That video shows how much the sport (is it a sport lol?) has progressed in the last 25 years, its unbelievable, check out some vids of the mid to late 80s, guys have taken this and just ran away with it.  Its like night and day it really is.  Thanks for the words about the mrs, my concept of time has changed, its not day to day any more its second to second, moment to moment, be thankful for what I do have and the time I have.

Sat, 06/30/2012 - 06:27 | 2575744 spentCartridge
spentCartridge's picture

Thanks for the vid Skate!

 

Can you post a link to the wipe outs please?

Fri, 06/29/2012 - 20:14 | 2575094 my puppy for prez
my puppy for prez's picture

GB:  I am sure this is none of my business, but I'll take a shot anyway, just in case.  I don't know why the Mrs. is in the hospital, but if there is any chance that it is related to cancer, I would really suggest checking out this website:

phoenixtears.com

The site's owner is named Rick Simpson.  I have heard him a couple of times on radio, and he is really the nicest guy.  He says that high quality, high potency hemp oil cures cancer amazingly (along with other illnesses) and is nature's perfect healing medicine.  Maybe you could contact him through his site and ask advice should this be the situation you are in.  It's worth a try!  He knows EVERYTHING there is to know about the oil and has helped cure thousands of people and himself as well.

 

Godspeed to you both! 

Fri, 06/29/2012 - 21:20 | 2575200 Global Hunter
Global Hunter's picture

Thanks my puppy for prez, its not cancer but severe depression combined with a break from reality, rather than her body attacking herself her mind is.  She needs fresh air, flouride free water, organic food and yes maybe some hemp oil.  I don't like the idea of her being medicated but right now she needs it to fight another day.  I believe that there is untapped potential in hemp/weed and as well with mushrooms (not just the magic ones) to humanity, probably part of the reason why they're shunned.   Thanks again for the thoughts and the link, I'm sure many will find it useful, cancer, diabetes, depression etc. are on the rise and we will only see more of it...I'm sure its all related to the stress, pollution and humanity playing around with things they don't fully understand (nuclear energy, gmo foods, keynesian economics etc.).

Fri, 06/29/2012 - 23:19 | 2575340 A Nanny Moose
A Nanny Moose's picture

I say humanity has taken a break from reality. If this is reality, please let me off at the next stop. Perhaps she is ahead of the curve in getting back to really real reality?

Best of luck to you both.

Sat, 06/30/2012 - 05:17 | 2575549 Skateboarder
Skateboarder's picture

Hey man, I've seen depression and anxiety for the last couple of years and only recently been coming back to a more stable and happy person ready to face whatever challenges lay next. I can say that the best cure for depression is a few bowls of pot, a guitar, and a skateboard. When your wife gets out, see if she would be down to try any of that. Oh and THC + alone time is invaluable as well. That's when a lot of unraveling of thought occurs and you come to the source of your troubles through careful introspection. It takes time...

Sat, 06/30/2012 - 08:30 | 2576220 Bob
Bob's picture

Exercise is the most powerful medicine.  Do it wisely and it's one hundred percent upside.  And free.  Bringing matters full circle, reviving the physical activities you loved as a younger and happier person will give you an immediate bang for your buck. 

Dancers gotta dance, singers gotta sing, jocks gotta jock . . . disrespect the things central to your nature and you'll be as happy as a bird that can't fly. 

Damn, sounds like I better get out and ride that bike before it gets too hot. 

Sat, 06/30/2012 - 05:37 | 2575565 thurstjo63
thurstjo63's picture

My thoughts are with you and Mrs Hunter. There are cures for every disease, but if you go the conventional route, most likely it will end sadly. May I recommend that you learn a bit about how the body maintains your health before making a final decision on treatment. Google dr. gary tunsky or dr. richard schulze to better understand how your body maintains your health and you will have the info you need to help Mrs. Hunter overcome her illness. All the best!

Sat, 06/30/2012 - 09:36 | 2576447 daveeemc2
daveeemc2's picture

i dont know which part of your comment i find more interesting. the fact you in late 20's and hold the same world perspective as i did then (and still do now in my mid 40s) or the fact that we on same trajectory, or that you think farming is answer.

1) you are going to get sick of learning the next newest thing all the time. Age will catch you. Luckly for me db stuff is pretty constant, so i keep my edge.

2) you might think farming is answer. Sometimes maybe. Automation exists there too. Get big or get out. Farming is capital intensive and you almost pay retail for everything. There is a reason big ag owns the world..they own all means of expense input channels. Its why u can buy a chicken for 4$ at grocery store....try producing 1 for that ridiculous price.

I recommend keeping day job and stay healthy cause Darwin is alive and well in the economic world in the ole us of a; you might think (hope) that you can survive coming apocalypse by farming, but remember: you dont ever really own anything....its alway rent (aka taxes). You must have cash to pay those taxes, and if u dont, unk sam will take your skateboard.

For the record - yes, i am in technology. Yes, i farm part time. Yes the farm has been able to pay the taxes and provide us with safe food, but not without explosive capital investments.

Fri, 06/29/2012 - 20:05 | 2575079 r00t61
r00t61's picture

I'm an engineer by training.  We can solve some problems, sure.  But it would be arrogant presumption to think that if engineers were given the keys to the castle, they'd magically do a better job of central planning than the current pols in charge.

FYI, most of the central planners in the Soviet Union were engineers by training. Brezhnev trained as a metallurgist.  Andropov attended technical college, as did Kirilenko. 

Though Stalin, famously, was training to be a priest before he joined the Party.  Think about that the next time some corrupt pol invokes the name of the Christian God when he's stumping for election.

Fri, 06/29/2012 - 20:32 | 2575122 AldousHuxley
AldousHuxley's picture

Russia is no longer poor my friend. 44 billionares and 90,000 millionares..... European vacation spots are full of Russians and Arabs. Not much Americans except banksters and trust fund kids.

 

One thing communism provided was free GOOD education.

Now Chinese socialists are providing free GOOD education, while Americans are dumbing their citizens down.

 

Think about the trend....

 

Fri, 06/29/2012 - 21:00 | 2575174 BKbroiler
BKbroiler's picture

Russia is fucked. period.  I'm with Doug Casey on this.  

http://www.caseyresearch.com/cwc/doug-casey-russian-bear

Sat, 06/30/2012 - 12:06 | 2577070 TheMerryPrankster
TheMerryPrankster's picture

If you can see that Russia is fucked, you must realize we are all fucked. Globalization is the rope that assures a falling tide sinks all boats.

Sat, 06/30/2012 - 00:36 | 2575428 Yen Cross
Yen Cross's picture

 I let you slip on the "funny" Tom comment Blythe.  Putin is a " megalomaniac"...   Albeit I get your sordid sarcasm.

Sat, 06/30/2012 - 02:42 | 2575501 AurorusBorealus
AurorusBorealus's picture

I agree. Russia probably had the best education system in the world during the Soviet years.  That system is paying dividends now.  Russia is growing again quickly as a major world power.  One can deny the growing power of Russia, but denial does not make fact disappear.

Russia is moving in to play in Southern Europe.  Is this why Germany keeps blinking?

Sat, 06/30/2012 - 06:05 | 2575662 MeBizarro
MeBizarro's picture

That ended more than 20 years ago.  Anyone who thinks Russia is growing into a world power borders on the delusional.  Outside of Moscow and St. Petersberg regions, the country is essentially dying.  Get away from the rhetoric. 

Just look at things which are hard to fudge including demographic trends such as life span and birth rates.  Average male life expentancy has DECLINED since the end of the Soviet Union and if you remove Russia/St. Petersburg it is notably worse.  Russia's infrastructure is also in serious decline too across the board. Ditto the health system.  The only reason this doesn't get out more is because Putin closely controls all forms of Russian media and even independents have to fear serious reprisal including the very real prospect of death if they paint life in Russia as grim or try to reveal epidemic levels of corruption. 

Russia is still an important global player because of its nukes, its sheer size, its agricultural production (especially wheat), and its natural resources especially oil/natural gas.  Outside of raw natural products & limited amounts of chemicals, agricultural products, and weapons, it exports almost nothing of value.  

Russia has generally been a miserable place since the Golden Horde sacked trashed Moscovy several centuries ago.  Won't change any time soon.  

Sat, 06/30/2012 - 08:51 | 2576300 Bob
Sat, 06/30/2012 - 07:38 | 2576026 mvsjcl
mvsjcl's picture

No Child Left Behind was really a policy of No Child Allowed To Get Ahead.

Fri, 06/29/2012 - 21:29 | 2575209 Element
Element's picture

Martin Ford - The Lights In The Tunnel

Fri, 06/29/2012 - 18:11 | 2574852 Quantitative_Ap...
Quantitative_Appeasing's picture

One thing this does not take into account - the coming decentralization within manufacturing VIA 3D printing machines.

Why spend money to build a big factory, ship unfinished goods to one location and then ship fnished goods from there

when you can essentially have a franchise model producing the finished product locally, or even eventually at the customers location.

 

This has the potential to be the greatest disruptive factor in economics that mankind has ever seen.

 

 

 

Fri, 06/29/2012 - 18:31 | 2574875 falak pema
falak pema's picture

French company : Dassault systems, CAd and systems conceptualising expertise. Tops.

One way of bringing back business to developed world; change the business model concept to go to integrated designs for solutions including, modularised design and fabrication, support maintenance  planned obsolescence and object dismantling and recycling. The total product cycle as one product service for the local market. You interface with the client as a solution provider with integrated expertise. It has to be a partnership more on peer to peer basis. Not on a client server heirarchy basis. That is the trick, cultural shift. Networked society, social networks. Maximising economic efficiency includes non quantifiable benefits like risk profile reduction on quality assurance. less waste. Our society wastes too much and does not quantify the mal function costs associated with all the different types of pollution that this generates and the associated societal risks. 

Fri, 06/29/2012 - 18:34 | 2574909 Skateboarder
Skateboarder's picture

Oh falak, if only more people had thoughts along these lines. The circlejerk mentality of information secrecy and hoarding through patent and copyright protection prevents us from even having the idea of a standard for modular design. Such a wasteful world... "useful idiots," as another ZHer goes by.

Fri, 06/29/2012 - 18:59 | 2574952 Quantitative_Ap...
Quantitative_Appeasing's picture

Did the record companies stop mp3's?

Have the file companies stopped movie downloading?

 

When the tech reaches the end user, nothing is going to stop them from using it to print Legos etc.....

 

 

Fri, 06/29/2012 - 18:47 | 2574928 Spastica Rex
Spastica Rex's picture

Your plan doesn't sound like it supports unbridled hedonism, consumption, and built in obsolescence; it must therfore be evil/communist/socialist/gay/islamo-fascist. I'm going to stick with the model presented to me by the greatest, most productive members of our society (bankers, marketers, bureaucrats, athletes, celebrities etc.) because then I have a chance of being just like them if I work hard.

NEW 600HP ESCALADE, HERE I COME BABY!

Fri, 06/29/2012 - 18:29 | 2574900 hack3434
Fri, 06/29/2012 - 21:32 | 2575215 HungrySeagull
HungrySeagull's picture

Or have robots drive the trucks and the trains.

The tech is there.

Sat, 06/30/2012 - 08:39 | 2576264 g speed
g speed's picture

and when AI uses printers to replicate itself the question "when did skynet become aware" will become relevent.

Sat, 06/30/2012 - 19:27 | 2577729 Husk-Erzulie
Husk-Erzulie's picture

This has the potential to be the greatest disruptive factor in economics that mankind has ever seen.

It's a total game changer and one which will mature with breathtaking speed.  Many people are still unaware that this technology even exists let alone thought through it's implications.  With one printer the size of say, a Yugo, or even a dishwasher,  a thumb drive loaded with instructions and access to basic raw materials one could build an automated factory anywhere, even in orbit or say a moon.  It also scales, think ultra nano tech all the way to death star huge.  Coupled with other emerging tech like evolutionary design (which I suspect got more or less Darpa'd) and you begin to see the very near horizon writ large.  Barring a dark ages style collapse of course :-)

Fri, 06/29/2012 - 18:15 | 2574853 Taint Boil
Taint Boil's picture

 

 

Robots - here are some real robots for the Fiat 500 line (in a dry cycle with no cars) Yeah, the whole line is ran with just a few people. The Mexican serfs working for $150.00 per week for about 45 hours of work. Good to be the Gringo - sucks to be the Mexican slave.

Fri, 06/29/2012 - 18:11 | 2574854 resurger
resurger's picture

It's Sarah Connors fault

Fri, 06/29/2012 - 18:18 | 2574871 battle axe
battle axe's picture

That bitch.

Fri, 06/29/2012 - 18:11 | 2574855 New_Meat
New_Meat's picture

That damn "sticky unemployment" is so such a 1930's excuse.  Keynsians in the '30s couldn't figure it out either.

- Ned

Fri, 06/29/2012 - 18:14 | 2574861 reader2010
reader2010's picture

Give me 1000 strong robot sex slaves, and I need to put them where those GS traders are and where those pols are. 

Fri, 06/29/2012 - 18:49 | 2574929 Jay Gould Esq.
Jay Gould Esq.'s picture

Intriguing thought, Reader.

Pris the pleasure droid may oblige, but can those Goldman dudes handle her type ? Exceedingly strong thighs...

http://www.sherilynconnelly.com/diary/darylhannah_bladerunner.html

Fri, 06/29/2012 - 18:19 | 2574870 silver surfer
silver surfer's picture

I love this post!

But why have we not gained more spare time from this innovation as promised? And why are we working more than ever?

Ctrl P ?

Fri, 06/29/2012 - 18:29 | 2574895 css1971
css1971's picture

But why have we not gained more spare time from this innovation as promised?

We did, on average. It just isn't distributed evenly. Some people are completely unemployed and some are working twice as hard.

And why are we working more than ever?

Well, when 95% of money is based on debt, everyone has debts to pay.

 

Fri, 06/29/2012 - 18:40 | 2574919 mjk0259
mjk0259's picture

Very true. Maybe the Europeans have the right idea with limiting work week.

The theory was that all this surplus labor would be absorbed in new industries. There are new industries but they employ hardly anyone. i.e. Facebook.

Something is very seriously wrong when we constantly invent new ways to produce things more efficiently but the standard of living keeps going down.

Fri, 06/29/2012 - 20:07 | 2575082 New_Meat
New_Meat's picture

"Maybe the Europeans have the right idea with limiting work week."

and how'd that work out?

especially since there were others siphoning in to "take up the slack"

dpn't cha' know

- Ned

Fri, 06/29/2012 - 20:37 | 2575128 mjk0259
mjk0259's picture

So far the way it's worked out is they work less hours, get much longer vacations and generally retire a lot sooner with a bigger pension and no health care worries throughout. Of course during the last years of crisis, the euro has dropped by 7 cents so it would cost them slightly more to visit NYC if their benefits were not indexed to inflation which they generally are.

 

Sat, 06/30/2012 - 05:50 | 2575544 raios_parta
raios_parta's picture

No so far it has worked out that they work 6 months a year just to pay taxes, that in practice you have maybe 4 people working so 6 can do nothing and especially it was worked out that young people have no jobs and are being royaly screwed by being forced to pay for the privileges of the older generations, which will be denied to them. Europe is great if you wish to live of the tax payer and do nothing, because then you truly get free stuff. If you are one of the few that actually works to pay for it all, you get a shit deal. And about the health care worries, well, maybe that's what is being sold in the USA, but when anything you need from the "free" health care system(that we work 6 months a year to pay for) takes months or years, while maybe that cancer is growing inside, it makes you wonder who's getting the better deal.

Sat, 06/30/2012 - 00:30 | 2575420 Milton Waddams
Milton Waddams's picture

The theory was that all this surplus labor would be absorbed in new industries. There are new industries but they employ hardly anyone. i.e. Facebook.

That indeed was the theory.  To wit, check out this LIFE Magazine article from 1959 discussing automation (beginning on page 36, but most of the entire issue is interesting):

Many displaced workers find jobs in the host of service trades which automation has spawned in its wake.  And although there are some who either lack the will or the opportunity to retrain themselves for better jobs, experts believe that the rapidly expanding economy will manage to absorb them.

Humorously, the advertisement following the article containing the above passage is headed with:

'Divide and conquer

your space problem with walls

from Weldwood paneling'

 

Sat, 06/30/2012 - 06:14 | 2575688 MeBizarro
MeBizarro's picture

Yup.  A lot of what Schumpter initially wrote about creative destructionism in the mid-20th century and is a staple of neoliberalism and the University of Chicago Economic Dept is going to be proven inadequate or debunked completely over the next 25-30 years I bet especially regarding finding alternatives to oil as the primary fuel for transportation. 

 

Fri, 06/29/2012 - 19:20 | 2574993 sgt_doom
sgt_doom's picture

Because this post is along the typical silly nonsensical drivel, much like all the silly stuff ignoring all the jobs offshoring of the past thirty, forty and fifty years.

Like trying to explain those "official" four jobless recoveries (actually six, but everyone seems to ignore the two from the Reagan administration) to people who can't do arithmetic.

If the first "official" one back in the late 1980s to 1992, the millions who lost full-time employment, only around one-half ever regain fulltime employment once again (and half of those at below their original wages).

So, after three more of those jobless recoveries, in America, we have 1/16th the number of jobs in 2012, that we had in the late 1980s.

Factor in deaths, retirements and illnesses, then the number goes a bit up to 1/4 to 1/8 the number, and we'll be conservative so we'll make that 1/4.

So, if we have 1/4 the number of jobs that we had in 1988 -- this correlates to 1 out of 2 Americans today being at the low income to poverty and below-poverty levels.

Voila!  As those clever French say --- and mostly, it was due to the offshoring of jobs to dramatically increase labor deflation, etc. etc.

But that must not be discussed -- just as now that old robotics and automation must be the culprits.

Skynet is really about all those drones that RambObama is unleashing, me thinks?

Fri, 06/29/2012 - 23:42 | 2575366 Escapeclaws
Escapeclaws's picture

Webster Tarpley has an interesting thesis that Paul Volcker wrecked American manufacturing by creating a business environment that made it impossible to plan ahead. That's the first time I've read anything negative about Volcker so it is probably worth looking into just from a contrarian perspective.

Sat, 06/30/2012 - 00:00 | 2575377 baby_BLYTHE
baby_BLYTHE's picture

+1 for Tarpley (he use to contribute to ZH under the handle "geopolitical) Anyways, the best free weekly education one can attain at ZERO COST is Tarpley's "World Crisis Radio"

http://tarpley.net/world-crisis-radio/

Tarpley has a track record of accurately predicting geopolitical/economic outcomes well before they happen. He, a left leaning progressive, accurately predicted Obama to be a stooge fascist in his 2008 novel "Obama - The Postmodern Coup".

He hit it out of the park once again only a few weeks ago predicting Rand Paul would sell out to the Fascist Wing of the political establishment.
Must see interview with a drunk Alex Jones post-Bilderberg 2012. (Tarpley owns him hard)

http://www.youtube.com/watch?v=-v40--NeCb4&feature=youtube_gdata_player

Sat, 06/30/2012 - 01:20 | 2575467 Vic Vinegar
Vic Vinegar's picture

Time for an F, Marry, Kill, Blythe:

Webster Tarpley

Alex Jones

Peter Schiff

Personally I'm going with:

F: Jones

M: Tarpley

K: Schiff

Agree or disagree?  

Sat, 06/30/2012 - 14:14 | 2577305 sgt_doom
sgt_doom's picture

Lisen, I agree with Jones' stuff on the Bilderbergers, but he consistently contradicts himself with all that libertarian nonsense, especially when he attempts to differentiate between the "good" and the criminal corporations --- PURE NONSENSE!

Although I like the fact that he hangs with Charlie Sheen, my fave party dood!

Sat, 06/30/2012 - 14:12 | 2577300 sgt_doom
sgt_doom's picture

Well, Volcker is a long-time Rockefeller stooge, and Jimmy Carter appointed him to the Fed on the advice of David Rockefeller.

And he is on the Group of 30, 'natch.

But, while I partially agree with Tarpley's analysis, the offshoring of jobs, the private equity buyouts, culminating with the peddling of trillions in junk credit derivatives, is the major culprit in the dismantling of economies, and labor deflation.

Putting it all on Volcker simplifies the issue far too much, me thinks!

Fri, 06/29/2012 - 18:23 | 2574885 spdrdr
spdrdr's picture

Just consider - there is no full-time or part-time job - yours, mine or anybody's job - that could not be performed  better, more efficiently, faster and far cheaper with an appropriate robotic device.

Rationally, the end result will be leisure and inactivity for humans, apart from the 0.001% who will be collecting all the loot.   The big social question is who is going to fund this life of leisure and indolence for the humans?

Alternatively, would it be cheaper to rid ourselves of the unnecessary humans, perhaps through mad Green schemes like Agenda 21?

May you live in interesting times...

Fri, 06/29/2012 - 18:49 | 2574933 mjk0259
mjk0259's picture

Inactivity in the sense of not having a regular job, yes.

Still got to survive though. Looks like for most people that's going to be endless scurrying to do servant type labor for enough for food.

Fri, 06/29/2012 - 19:22 | 2574996 sgt_doom
sgt_doom's picture

Oh yeah, spdrdr?

Then you go have robotic sex with Robotic Suzy, not this guy!

Fri, 06/29/2012 - 22:38 | 2575297 Poor Grogman
Poor Grogman's picture

Here's one job that robots will never do.

http://en.wikipedia.org/wiki/Cowboy

Fri, 06/29/2012 - 18:26 | 2574890 kevinearick
kevinearick's picture

The majority reflect the robots and the robots reflect the majority.

Extremely high fixed costs bankrupting the system at the slightest change in the environment.

The old enterprise system, effectively closed from nature, is toast.

Unfortunately, the majority and their masters are always unwilling to see the obvious, through the cognitive dissonance mirror, until it is far too late.

Fri, 06/29/2012 - 19:59 | 2575072 my puppy for prez
my puppy for prez's picture

Nature, God, and the Universe will kick robotics' ass in the long run...you can take this to the bank!

Ever heard of SOLAR STORMS?

Don't think they have invented a robot to combat those, yet.....he he he!

My money is on the universe!

Fri, 06/29/2012 - 18:27 | 2574893 tu-ne-cede-malis
tu-ne-cede-malis's picture

Farming with negative growth prospects?  I highly doubt that.  More Ctrl+P --> Commodity inflation --> farming becomes more attractive relative to other careers --> kids with womens studies degrees and communication degrees start working on farms --> next thing you know they'll be driving Ferraris (So says Jim Rogers).

 

Can robots farm?

Fri, 06/29/2012 - 18:30 | 2574902 css1971
css1971's picture

Can robots farm?

Yes.

Fri, 06/29/2012 - 18:49 | 2574932 Yen Cross
Yen Cross's picture

 Can Farming robots, drop my child off @ school, go to the dry cleaners, balance my check book, and till the soil, with out morphing into another form?

Fri, 06/29/2012 - 18:59 | 2574953 The Disappointed
The Disappointed's picture

'There's an App for that.'

Fri, 06/29/2012 - 19:03 | 2574958 The Disappointed
The Disappointed's picture

Dear Yen Cross,
You balance your checkbook?!
How 20th Century! How Retro! How Luddite!
Numbers don't matter anymore.
Ask Dick Cheney.

Fri, 06/29/2012 - 21:35 | 2575219 HungrySeagull
HungrySeagull's picture

I balance mine too.

It is a perishable skill.

Sat, 06/30/2012 - 01:06 | 2575441 Yen Cross
Yen Cross's picture

The Disappointed       Apparently you missed the context of my post. I was inferring that robots can't multi task, like humans.

   That probably explains why you can't balance a checkbook with out an app?  Applications don't perform physical tasks!

 Remind me, and just about every other "Business Owner- Trader" , that posts on Z/H, to take you off our short lists for Quality CFO's!

 

    PLUS( 1) Hungry Seagull!

Fri, 06/29/2012 - 19:14 | 2574985 Marginal Call
Marginal Call's picture

Yes.  Self driving google cars, and farm bots. 

Fri, 06/29/2012 - 19:22 | 2575002 sgt_doom
sgt_doom's picture

Where oh where is Magnus the Robot Fighter when we need him?

http://en.wikipedia.org/wiki/Magnus,_Robot_Fighter

 

Fri, 06/29/2012 - 20:41 | 2575135 mjk0259
mjk0259's picture

Robots pretty much farm already for most grain crops. It only takes one guy with a bunch of machines to do what used to take hundreds.

In the future, some vegetable/fruit farming may also become automated indoors and largely robotic.

Fri, 06/29/2012 - 21:37 | 2575220 HungrySeagull
HungrySeagull's picture

Or 4 combines to strip a state's worth of field and move on to another state while the elevators load the train.

Hell, GPS is accuate enough so that the Combines can... mow your yard too with a accuracy of a few feet or less.

Fri, 06/29/2012 - 22:42 | 2575299 Poor Grogman
Poor Grogman's picture

You have obviously never hit an unmarked tree stump in a combine harvester.

Sat, 06/30/2012 - 06:26 | 2575741 MeBizarro
MeBizarro's picture

Jim Rogers is a twit when it comes to talking about agriculture.  Knows almost nothing about the subject.  Frankly a$$holes like him and other speculators who are looking for hard assets fueled by all this cheap funny money have been a huge problem in agriculture as the price of farm acreage has skyrocketed.  As it has skyrocketed the past decade or so, it has greatly increased the startup capitalization costs needed to start a farm.  

Try as a college graduate to get the necessary $1M+ in capital plus to buy land, equipment, and other things needed to start a new farm.  Banks certainly won't do it especially in this environment. 

All of this has been generally a negative for rural life in the US and agriculture in genearl - leads to ever more consolidation of farms in the US (and globally too but more in developed countries) and to larger agribusiness farms, average age of farmers in the US continues to increase with young people who want to become farmers quite challenged to enter the profession, and rural life in the US especially in places like the upper Midwest (outside of some of the oil/natural gas booms) continues to wither and die.  

Fri, 06/29/2012 - 18:32 | 2574897 deflator
deflator's picture

Downward pressure on labor is good for the Ponzi. Labor, or any kind of energy is not even secondary to the miracle of financial innovation and money creation out of thin air.

 Krugman says the past 150 years of persistent economic growth which is an anomoly in contrast to the rest of human civilization is entirely predicated on our greater understanding of economics. 

 The status quo does not recognize  a correlation of ever increasing supplies of crude oil, NG and coal coming first then technology. The value of energy, be it human or otherwise isn't in the, "thesis" for what is responsible for the past 150 years of parabolic growth in human civilization.

Fri, 06/29/2012 - 19:23 | 2575003 Dr. Engali
Dr. Engali's picture

One of the remarkable things about Chernobyl is I remember seeing it on tv daily. Today you see nothing about Fukushima in the lame stream media. Thank God for the Internet or there wouldn't be any information.

Fri, 06/29/2012 - 19:28 | 2575015 sgt_doom
sgt_doom's picture

"Krugman says . . . ."

That's hilarious, deflator dood.

Is that like when Krugman said that all that speculation in 2008 driving up the costs of oil, energy, refinery-involved chemicals and oil transport costs was simple supply-and-demand?

Or when Krugman recently claimed that QE I and II were unwanted by the banksters?

Or when recently in an EPI talk, Krugman claimed that, just before the Moody's downgrade, the banks were really quite healthy, and the cause of the global economic meltdown was too much household debt?

I always roll on the floor laughing after hearing something the career douchetard, Krugman says.

Guess that's why he's with the front group for the speculators and central banksters (founded by the Rockefeller Foundation back in 1978) and not me, huh?

http://www.group30.org/members.shtml

 

Sat, 06/30/2012 - 06:28 | 2575751 MeBizarro
MeBizarro's picture

Basis premise that economic activity has largely skyrocketed the past 150 years due to intense and increasing utilization of fossil fuels is correct.  You wouldn't see anyone challenge that really.

Fri, 06/29/2012 - 18:30 | 2574903 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

During the Battle of Chernobyl, the radioactivity was so high even the robots couldn't do the work. So they sent in what they called "bio-robots": 500,000 conscripts. I think the Chinese don't need as many robots, because they already have their own "bio-robots"

http://topdocumentaryfilms.com/the-battle-of-chernobyl/

 

Fri, 06/29/2012 - 18:31 | 2574908 q99x2
q99x2's picture

I grew up programming CNC machines. They are seriously boring to watch over or program.

There is a push to put them in peoples garages and 3D print things for personal sale.

Westec is usually pretty interesting to check out the latest CNC equipment. It was in LA in March of this year.

Injection molding polymers that are stronger and lighter than aluminum such as Polyetheretherketone actually seems to represent some potential into decreasing labor requirments but the up front costs are horrendous.

Goldman writes things according to their agenda.

Old Chinese story: Don't fix the pump unless you want the wrath of the water carriers upon you.

Fri, 06/29/2012 - 18:54 | 2574940 prodigious_idea
prodigious_idea's picture

"Polyetheretherketone"

We don't allow that kind of talk in this house.  Now go wash your mouth out with soap.

Fri, 06/29/2012 - 19:53 | 2575061 Taint Boil
Taint Boil's picture

 

 

 

I here you, I suffer from hippopotomonstrosesquipedaliophobia so I really don’t like all the big words around here.

 

Thanks in advance

 

 

Fri, 06/29/2012 - 21:11 | 2575189 John_Coltrane
John_Coltrane's picture

We call it PEEK and I use it in my lab for high pressure fluid transport in chromatogaphy systems.  Its amazing-can seal to several thousand PSI fluid pressures with finger tight connections-say good bye to compression fittings.  As strong as strainless steel with amazing chemical resistence to almost all solvents including strong acids and most organics.   Its in the class of engineering plastics which have revolutionized modern technologies as much as robots.  And indeed fully automated control systems do leverage human labor by eliminating the tedious tasks that used to be done by lab techs.  However, someone still needs to analyze the results.  Computers aren't too good at pattern recognition.  So, doubtful is computers will be forming hypothesis and testing them soon. 

Fri, 06/29/2012 - 21:38 | 2575223 HungrySeagull
HungrySeagull's picture

Google says they can recognize cats now.

Specific cats.

Fri, 06/29/2012 - 18:35 | 2574911 jonjon831983
jonjon831983's picture

As long as the Matrix provides for us we're cool.

Otherwise, turn back to a horse and buggy agrarian society with nuclear weapons and we'll have pretty high employment.

Fri, 06/29/2012 - 18:34 | 2574912 potlatch
potlatch's picture

work is obsolete

Fri, 06/29/2012 - 18:41 | 2574921 Rogue Trooper
Rogue Trooper's picture

I'll watch Terminator Salvation again this afternoon.  Must remember to get a short-wave radio while I'm at it. 

BITCHEZ! you are the resistance.

Fri, 06/29/2012 - 18:45 | 2574924 Yen Cross
Yen Cross's picture

 I'm on your page! I'll go more "Land of The Lost" though.   2 cans with a string attached <>

Fri, 06/29/2012 - 18:52 | 2574938 Rogue Trooper
Rogue Trooper's picture

Now your thinking Yen... SkyNet will NEVER track down that kinda low-tech solution.  You get the Cans and Wire and I'll splash out on some urban camo paint.... we will own the 'Bots!

Am I right to think that the 'Bots all use Windoz? 

Asymmetric warfare BITCHEZ

Sat, 06/30/2012 - 01:02 | 2575453 Yen Cross
Yen Cross's picture

 I'm not real thrilled with firefox (13.1) right about now. It keeps crashing my flash update!  I hear ya though Rogue Trooper.

Fri, 06/29/2012 - 18:43 | 2574923 BlackholeDivestment
BlackholeDivestment's picture

The Supreme Court Citizens United Suicide Vampire Squid of the Great Wal Mart of China voice against life is the image of the prophetic black hole caused to speak. It is the singularity of the voice of corruption and contempt, and the Supreme Appointment the world has with the judgment of SkyNet, TERMINATION OF ALL THE NATIONS.  http://www.youtube.com/watch?v=IKqU9p5MYDs May it fall upon this last generation now.

Fri, 06/29/2012 - 18:57 | 2574947 knowless
knowless's picture

i read what you wrote. and clicked the link.

Fri, 06/29/2012 - 18:59 | 2574950 samsara
samsara's picture

Let's see how the robots do around 2020-2030ish with 30-40ish % less petroleum for sale. Oh and maybe thermonuclear war

Fri, 06/29/2012 - 19:09 | 2574971 Rogue Trooper
Rogue Trooper's picture

SkyNet will turn you into a battery.  'It' will have watched the MATRIX... just sayin'

Fri, 06/29/2012 - 19:03 | 2574957 bankonzhongguo
bankonzhongguo's picture

This is a major issue among the religious-cum Singularity people.

The basic problem is that the new age of DNA sequencing will herald a new age eugenics.

Robotics now means you don't even have to negotiate with a union.

If Foxconn is buying 300,000 robots in 10 years, mankind better start building space elevators and feeding the world because the alternative is too many people with a lot of spare time on their hands.

Elites, regardless of political stripe, HATE competition.

Anytime you get a room filled with billionaires drunk on TED talks, well the results mean the chihuahua in Paris Hilton's purse has more value than the average schlub queuing up for the bus.

The next 40 years are not going to be nice.

 

Fri, 06/29/2012 - 20:54 | 2575160 potlatch
potlatch's picture

moonbase or bust

Sat, 06/30/2012 - 11:45 | 2577009 TheMerryPrankster
TheMerryPrankster's picture

Freebase or (angel) dust....

Fri, 06/29/2012 - 20:56 | 2575168 jonjon831983
jonjon831983's picture

Actually, about that...

"World's first GM babies born"

http://in.reuters.com/article/2012/06/29/opec-oil-survey-idINDEE85S0EV20120629

Fri, 06/29/2012 - 23:09 | 2575329 El Tuco
El Tuco's picture

I would actually like to see mankind build space elevators or better yet start planning their exodus from this rock. The fucking jobs this industry could create. The possibilities, colonies through out the solar system. Maybe this is the catalyst (robots/automation) that will push us toward a new frontier beyond this planet and all the fucking bullshit.

 

 

Fri, 06/29/2012 - 19:07 | 2574966 random shots
random shots's picture

THE BRAWNDO STOCK WENT TO ZERO AND DID THAT AUTOMATIC LAYOFF THING.  HALF THE COUNTRY IS NOW UNEMPLOYED!!

Do NOT follow this link or you will be banned from the site!