Silver as an investment

Category Archives: Technological unemployment

South Korea Introduces World’s First Robot Tax

In case you missed it, South Korea has introduced what is being called the world’s first tax on robots amid fears that machines will replace human workers, leading to mass unemployment. Of course, one can’t actually tax robots so what they’re actually doing is changing the corporate tax code to provide disincentives for capital investments […]

Factories May Be Coming Back To The U.S., But The Jobs Aren’t: McKinsey

Trump effectively owes his election to the promise of bringing factories and manufacturing jobs back to the United States.  His relentless, targeted attacks against the ‘Big 3’ U.S. auto manufacturers for outsourcing jobs to Mexico was undoubtedly a key reason that he was able to shock the world and win Michigan, Wisconsin, Ohio and Pennsylvania…an […]

New Study Says Robots Took All Of Detroit’s Jobs, Not Mexico

As Trump gets ready to renegotiate NAFTA and impose tariffs on companies looking to outsource production to Mexico, a new study from MIT and Boston University suggests that industrial robots, not Mexico, may be the bigger factor contributing to the high levels on unemployment in the Midwest.  Entitled “Robots and Jobs: Evidence From US Labor […]

The “Curse” Of Labor-Saving Machinery Is Nothing New

Submitted by Brittany Hunter via The Mises Institute, At the end of last year, Amazon unveiled, “Amazon Go,” a futuristic, fully-automated convenience store set to open its doors in Seattle, Washington, within the next few months. While this exciting new venture promises to make quick-stop shopping trips easier for busy consumers, critics are wary of […]