Rosie the Riveter vs. Rosie the Robot

The future is so bright that we have to wear shades. Speculations about the future.
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Simple Minded

Rosie the Riveter vs. Rosie the Robot

Post by Simple Minded »

ROSIE THE RIVETER VS. ROSIE THE ROBOT
By Charles Payne, CEO & Principal Analyst

8/21/2013 6:37:55 AM Eastern Time
It didn't get much fanfare but there was a story about France and its plans for the "Third Industrial Revolution" that will result in a halcyon nation of zero unemployment through the next leap of machine capabilities and intelligence promises.

The fact that France would make such a pronouncement is laughable but par for the course of a nation that still embraces socialism while acknowledging its economy will soon slip to number nine in the world. So, freefalling economic prowess and collapsing importance can co-exist or support zero percent unemployment?

Tomorrow...we're all Luddites

There is a third industrial revolution around the corner and its going to be amazing.

> Free thinking and agile robots
> Software and logistics that predict and act on the future
> Smart appliances from tools to vehicles
> 3-D printing

I've seen 3D printing up close and it will change the world. There will be a time when it allows anyone to be a designer of anything and manufacturing to take ideas from concept to reality in a flash of an eye and with very little human support. While some are dismissing 3D printing and others are in awe of stuff already coming out of these machines few have spoken about the eventual impact on jobs. Wake up the ghost of Ned Ludd because this was his greatest nightmare. This isn't about replacing humans with weaving machines, it's about replacing everything with machines!

The world has survived two industrial revolutions and mankind was made better, riches have been created, lifestyles have improved and the world kept spinning. The first industrial revolution of the late 1800's in England made mankind dream larger and the second in America (sparked by Henry Ford) democratized wealth and created truly shared prosperity.

Full Employment and Balanced Growth Act of 1978

That was the name of the act resulting from efforts of Representatives Hubert Humphrey and Augustus Hawkins that promised to make an array of economic dreams into reality.

Full Employment
Economic Growth
Balanced Budget
Limited Inflation

Just think, roaring economic growth that would eliminate joblessness and yet not produce inflation (There are economists that argue zero unemployment would be a nightmare that would increase wages and decrease effort and all the good things that come with it like competition, innovation and greatness). The two key ingredients in this witches brew of legislation are government spending and an even more powerful Federal Reserve. With money printing and government spending, crafters of this law were betting against basic laws of economics and common sense.

While the law states federal government will rely primarily on private enterprise there is no doubt the spirit of Keynes and his love of such intervention are the driving force beneath the surface. It's the reason people in this camp always blink, always jump into the fray, always make a lot of dumb decisions that in the end hurt more than help (think cash for clunkers, which took used cars off the road making those that remained so expensive people had to buy new cars taking on new debt mostly with little to no money down. Think of all the housing actions that prolonged the crisis and resulted in less supply which has pushed up prices so quickly only professional investors and flippers have benefited).

The government is supposed to avoid trade surpluses and deficits, and balance the budget. The law underscored the Fed's role in maintaining long-run growth while controlling inflation. Moreover, it connected the Fed's role to try to echo goals of the executive branch. It was expected this law would have resulted in 3% unemployment for adults over 20 and 4% for those 16 and up by 1983, while inflation was supposed to hit 0 by 1988.

The Future is Now

Interestingly, this oddly timed and poorly thought out fight for $15.00 an hour minimum wage is happening against a backdrop of rapid changes in low-paying jobs. Recently at the bank the teller removed cash by inputting the amount and a machine spit it out - tellers no longer have to handle cash other than handing it over... how much longer will they be paid for that? What about the self-checkout? Demanding CEOs take lower pay so the guy making Quarter Pounders can get a livable wage is farfetched.

There was a time people were happy for work. It use to be give a sense of encouragement to see Rosie the Riveter getting paid to contribute to a nation, to the pride of women, and a hard day's effort.

Sure, there has been and will be a lot of noise about this topic (some huge rally is scheduled for tomorrow) but protestors had better pay attention to two intersecting shadows over their signs. One will be the ghost of Ned Ludd, still fighting the good fight; the other will be the 3D printer of the future being operated by an agile robot powered by super smart software.
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Enki
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Re: Rosie the Riveter vs. Rosie the Robot

Post by Enki »

You know I agree.


But the ubiquity of complex bespoke technology will change the way we look at value.

We are already at a point where we work more due to a holdover ethical obligation to society than because we actually need to.
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
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Nonc Hilaire
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AI as artist

Post by Nonc Hilaire »

Image

It seems that image recognition programs can create images as well. Clear and understandable discussion of how.

http://www.atlasobscura.com/articles/th ... very-weird
“Christ has no body now but yours. Yours are the eyes through which he looks with compassion on this world. Yours are the feet with which he walks among His people to do good. Yours are the hands through which he blesses His creation.”

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Re: Rosie the Riveter vs. Rosie the Robot

Post by noddy »

i love that picture.
ultracrepidarian
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Re: Rosie the Riveter vs. Rosie the Robot

Post by YMix »

Image

Image

Image
“There are a lot of killers. We’ve got a lot of killers. What, do you think our country’s so innocent? Take a look at what we’ve done, too.” - Donald J. Trump, President of the USA
The Kushner sh*t is greasy - Stevie B.
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Re: Rosie the Riveter vs. Rosie the Robot

Post by Azrael »

Enki wrote:You know I agree.


But the ubiquity of complex bespoke technology will change the way we look at value.

We are already at a point where we work more due to a holdover ethical obligation to society than because we actually need to.
Indeed! In certain office environments, we could be so much more efficient; but the Puritanical impulse intrudes.
cultivate a white rose
Simple Minded

Re: Rosie the Riveter vs. Rosie the Robot

Post by Simple Minded »

Azrael wrote:
Enki wrote:You know I agree.


But the ubiquity of complex bespoke technology will change the way we look at value.

We are already at a point where we work more due to a holdover ethical obligation to society than because we actually need to.
Indeed! In certain office environments, we could be so much more efficient; but the Puritanical impulse intrudes.
Based on personal experience, I would say that only a small minority of for those who “work more than they need to” do so because they are motivated by a Puritan work ethic or a desire to serve others.

Of the workaholics I know, it is more nature than nurture. For many of them, non-work is painful. Or, they have chosen an endeavor they truly enjoy that provides limitless amount of opportunity for work, such as farming, building, community service, etc.

Of those I know in those groups, they seem quite a bit happier than most people. But they are also older, so their equanimity may be more due to other aspects of ideology/perspective.

I think the majority of those who “work more than they need to” do so because they are motivated by their desire for status (ie: peer pressure), or material cool stuff. Very few people build Quonset huts or drive 20 year old cars even though both may be adequate (assuming of course, local building codes or the NHTSA would allow one to do so).

The old internal demon of vanity is a tireless tormentor. Shame on Madison Avenue and the internet. I doubt technology will have much effect in subduing vanity. Technology seems to enhance human nature rather than suppress it.

“It is the eyes of other people that ruin us; if all but myself were blind, I would want neither a fine house nor fine furniture.”


If one could expect honest answers, the results of a poll asking “Do you work more than you need to, and if so why?” would be interesting.
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Nonc Hilaire
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Re: Rosie the Riveter vs. Rosie the Robot

Post by Nonc Hilaire »

Vimeo video of the iterations of the image recognition paintings. It's awesome.

And I can't even figure out how to Vimeo tag work on forum software!

https://vimeo.com/132700334
“Christ has no body now but yours. Yours are the eyes through which he looks with compassion on this world. Yours are the feet with which he walks among His people to do good. Yours are the hands through which he blesses His creation.”

Teresa of Ávila
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YMix
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Re: Rosie the Riveter vs. Rosie the Robot

Post by YMix »

Paste the video number (https://vimeo.com/132700334) in the reply box, select it and click the vimeo button.

132700334
“There are a lot of killers. We’ve got a lot of killers. What, do you think our country’s so innocent? Take a look at what we’ve done, too.” - Donald J. Trump, President of the USA
The Kushner sh*t is greasy - Stevie B.
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YMix
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Re: Rosie the Riveter vs. Rosie the Robot

Post by YMix »

Azrael wrote:
Enki wrote:You know I agree.

But the ubiquity of complex bespoke technology will change the way we look at value.

We are already at a point where we work more due to a holdover ethical obligation to society than because we actually need to.
Indeed! In certain office environments, we could be so much more efficient; but the Puritanical impulse intrudes.
:)
Today, Republican presidential candidate Jeb Bush, who as of-late has gone relatively gaffe-free, uttered a phrase that may not go over too well with the constituency he seeks to reach. During an interview that was live-streamed on the app Periscope, Bush told New Hampshire’s The Union Leader that to grow the economy, “people should work longer hours.”

He was answering a question about his plans for tax reform and responded:

“My aspiration for the country and I believe we can achieve it, is 4 percent growth as far as the eye can see. Which means we have to be a lot more productive, workforce participation has to rise from its all-time modern lows. It means that people need to work longer hours” and, through their productivity, gain more income for their families. That's the only way we're going to get out of this rut that we're in.”
“There are a lot of killers. We’ve got a lot of killers. What, do you think our country’s so innocent? Take a look at what we’ve done, too.” - Donald J. Trump, President of the USA
The Kushner sh*t is greasy - Stevie B.
Simple Minded

Re: Rosie the Riveter vs. Rosie the Robot

Post by Simple Minded »

This thread reminds me of Elliott Wave assertions stating that one of the indicators that the bull market is currently ending, becoming a bear market is that idea of work as an unnecessary evil becomes a widely accepted part of pop culture. Also that one of the indicators that the bear market is currently ending, and becoming a bull market is that idea of work as a necessary good becomes a widely accepted part of pop culture

Based on the people I know who came of age in the 1930's & 1940's, and those who came of age in the 1990's & 2000's, it seems to have some validity.

"Normal culture" is always in flux. Thankfully. "This time is different" seems a generational rallying cry. Closely related to arguing which is cause and which is effect.
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