Daily Clips: September 21st, 2016
How to protect workers from job-stealing robots: Economists and politicians have been talking about robotics and their potential to displace jobs. Jason Furman, Obama’s Chief Economist, does not believe that is an inevitability:
Of course, advanced economies have seen vast amounts of innovation in the last three centuries without rendering human labor obsolete. Most of the types of jobs that existed in the 1700s do not exist today, but new types of jobs that no one could have imagined then have taken their place—all because of technological advances. A different trajectory is unlikely to emerge this time around because even though AI has the potential to replace certain human tasks, it will likely also create entirely new fields of jobs.
Are firms that discriminate more likely to go out of business? The short answer: yes. “Results suggest that employers who engage in hiring discrimination are less likely to remain in business six years later.” Inclusion>exclusion.
Ross Douthat complains about how society is moving to the left: Conservatives are a remarkably…reactive bunch. They very rarely push society in new ways of thinking. They are almost always complaining about how a society is moving away from what it used to be.
Donald Trump says it’s worse than ‘ever, ever, ever’ for black people in the United States: The man is clearly not a historian.
Tweet of the day:
Remember how Republicans like Trump said minimum wage increases hurt the economy and cost jobs? https://t.co/Tdt5xYc0T4
— Daily Kos (@dailykos) September 18, 2016
