Wednesday, January 16, 2013

60 Minutes, How Many Jobs?

"Race Against the Machine" meets "60 Minutes" (see the link below for more details and video); you might want to also skim Robots Will Steal Your Job, But That's OK: How to Survive the Economic Collapse and Be Happy; for a related brief video, see Peter Diamandis talks about "Robots Will Steal Your Job, But That's OK"
"So a more current and correct statement is that Amazon, Facebook, Google, and Amazon have a combined market capitalization of more than 900 billion dollars (as of today) yet employ fewer than 200,000 people, which is less than the number of net new jobs we’ll need to create every two months in America just to hold the unemployment rate steady.
In short, I wouldn’t look to the tech sector to put America back to work."
60 Minutes, How Many Jobs?
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