January 18, 2014

The future of jobs: The onrushing wave | The Economist

The future of jobs: The onrushing wave | The Economist:

We are in for a long , difficult economic and societal dilemma as spelled out in this piece. The political expression of it is the growing gap between the rich and the poor and the hollowing out of the middle class that politicians bloviate about without offering any real solutions. Perhaps they fail to understand or believe the underlying problem, opting instead to try and legislate job growth..

I'm reading this book, The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies,  referenced in the Economist story, which provides deep insight about the disruption of the traditional economic expectations.

"In a forthcoming book Thomas Piketty, an economist at the Paris School of Economics, argues along similar lines that America may be pioneering a hyper-unequal economic model in which a top 1% of capital-owners and “supermanagers” grab a growing share of national income and accumulate an increasing concentration of national wealth. The rise of the middle-class—a 20th-century innovation—was a hugely important political and social development across the world. The squeezing out of that class could generate a more antagonistic, unstable and potentially dangerous politics.
The potential for dramatic change is clear. A future of widespread technological unemployment is harder for many to accept. Every great period of innovation has produced its share of labour-market doomsayers, but technological progress has never previously failed to generate new employment opportunities."
I believe it's different this time because of the blinding pace of technological change and the ability to explore new models of productivity, work and service, nearly all of which reduce the human labor content in many previously 'safe' occupations.

Our institutions are more deeply entrenched and harder to change. Poorly educated people do not stand a chance for their insufficient skills to command a good-paying job in this new economy. With more generous government benefits, the incentive to work disappears from most folks.

'via Blog this'

January 6, 2014

Reality and Politics Clash

Government dependency is a corrosive force that undermines democracy. TeamObama's thrust to transform America creates a collision course toward the destruction of democracy. How is it that so many people fail to see this?

When people accept the government as their source of basic sustenance, the spark of personal responsibility is slowly extinguished. Following that is a loss of a person's verve to better his/her condition. When government largess supplants individual initiative, the country is on the road to its demise as an example of freedom and liberty.

This should be the core debate in the elections ahead.

Radical Islam vs the West

I have concluded that the West has lost control of the Middle East and those parts of the world, North Africa and other places, that are beset with Radical Islam played out in the Sunni-Shia-anti-Infidel conflict. The West is both unable and unwilling to confront this menace and it will only end with a MAJOR conflict.

Israel will act on any real threat to its existence and no amount of Kerry diplomacy will thwart the players driven by Islamist religious differences. This situation can only end in the Biblical Armageddon. Many prophecies foretell this conflict.

We may delay it, but the threat cannot be eliminated. War will inevitably happen and, IMHO, it will be nuclear.