Stephen Ross on CBS morning show | Page 4 | FinHeaven - Miami Dolphins Forums

Stephen Ross on CBS morning show

royalshank said:
He looks like he's getting younger. I hope he's not going all Benjamin Button on us.
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SkapePhin said:
We are on the precipice of an economic paradigm shift. With the rise of automation, the old economic system won't work for long. There will be millions of workers displaced by a machine workforce, without equivalent jobs to replace them with.

Some form of socialism is the only path forward really, unless they want mass riots in the streets.
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I would expect nonsense like this coming from you.
 
rickd13 said:
I would expect nonsense like this coming from you.
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Mmmkay... If you think this current economic system can support a population of mostly unemployable humans, you are in for one big shock...

Some form of "basic income" will need to be implemented. I really don't see any other solutions available unless there is some kind of regulation against machines taking human jobs, but that really doesn't make much sense when machines are much more efficient workers.
 
SkapePhin said:
We are on the precipice of an economic paradigm shift. With the rise of automation, the old economic system won't work for long. There will be millions of workers displaced by a machine workforce, without equivalent jobs to replace them with.

Some form of socialism is the only path forward really, unless they want mass riots in the streets.
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Wage stagnation is going to be the bigger problem. Automation isn't cheap.
 
J. David Wannyheimer said:
Wage stagnation is going to be the bigger problem. Automation isn't cheap.
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It gets cheaper and cheaper every year. Eventually automation will be far more affordable and efficient when you consider machines don't require healthcare, don't need to sleep, don't get sick, don't waste time browsing the Internet and can perform their essential job functions for many more hours a day than a human could.

The next major wave will be when self-driving vehicles transform the transportation industry and replaces millions of taxi drivers, truck drivers, etc. seemingly overnight. That's going to be a lot of disgruntled people out of work. That will happen in less than a decade. Automation will replace more and more jobs quicker and quicker as technology continues to advance at a faster pace. Can our current economic structure handle this fast rate of change?
 
not sure why any of today's economic entropy is surprising; it was foretold more than a half century ago that the largest human workforce growth would come in the lowest sectors.. chiefly maintenance, support and custodial.. with machines supplanting most/all higher functioning demographics in manufacturing/supply.

Machines doing the work, so that we could be at leisure.

Orwell pretty much got it center.

ps, as of 10/15.. my car now drives itself. thanks Orwell.
 
SkapePhin said:
It gets cheaper and cheaper every year. Eventually automation will be far more affordable and efficient when you consider machines don't require healthcare, don't need to sleep, don't get sick, don't waste time browsing the Internet and can perform their essential job functions for many more hours a day than a human could.

The next major wave will be when self-driving vehicles transform the transportation industry and replaces millions of taxi drivers, truck drivers, etc. seemingly overnight. That's going to be a lot of disgruntled people out of work. That will happen in less than a decade. Automation will replace more and more jobs quicker and quicker as technology continues to advance at a faster pace. Can our current economic structure handle this fast rate of change?
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Machines require significant amounts of capital investment, maintenance, power, and eventual replacement. Machines will never get better at their jobs with experience (software upgrades cost money, dawg) or add unexpected value to the workplace. Automation is going to cost people jobs, but I'd pump the brakes on dire predictions about people being run out of work en masse here.

Speaking from experience, my firm has looked at automated solutions for some of the stuff that we do, and we've found that human labor is still more economical for a variety of reasons. We don't anticipate that's going to change any time soon. Well, I don't, and I was the one doing the research. :lol:

Anyway, back to our regularly scheduled Dolphins doom and gloom. We suck.
 
Steve sure does like celebrity. I'd almost forgotten all the Fergie, Estefan nonsense. Really don't find the guy a very interesting public figure.
 
J. David Wannyheimer said:
Machines require significant amounts of capital investment, maintenance, power, and eventual replacement. Machines will never get better at their jobs with experience (software upgrades cost money, dawg) or add unexpected value to the workplace. Automation is going to cost people jobs, but I'd pump the brakes on dire predictions about people being run out of work en masse here.

Speaking from experience, my firm has looked at automated solutions for some of the stuff that we do, and we've found that human labor is still more economical for a variety of reasons. We don't anticipate that's going to change any time soon. Well, I don't, and I was the one doing the research. :lol:

Anyway, back to our regularly scheduled Dolphins doom and gloom. We suck.
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No doubt there is still a substantial investment needed for machines, but the payoff is much bigger for companies in the end than human labor. The risk is also much less. No machine will ever sue a company for violating OSHA laws or ****ty workplace safety standards.

I think you are also disregarding Moore's Law a bit here. Heck, they are even working on quantum computers now. Just think of the disruptive power of that...

Just because some industries aren't being impacted yet and appear to be safe, it doesn't mean that couldn't change quickly. I doubt many taxi drivers feared they'd lose their line of work in their lifetimes, and now they are on the verge of losing it in the span of a decade...
 
SkapePhin said:
No doubt there is still a substantial investment needed for machines, but the payoff is much bigger for companies in the end than human labor. The risk is also much less. No machine will ever sue a company for violating OSHA laws or ****ty workplace safety standards.

I think you are also disregarding Moore's Law a bit here. Heck, they are even working on quantum computers now. Just think of the disruptive power of that...

Just because some industries aren't being impacted yet and appear to be safe, it doesn't mean that couldn't change quickly. I doubt many taxi drivers feared they'd lose their line of work in their lifetimes, and now they are on the verge of losing it in the span of a decade...
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The outlay required to purchase or lease the robotic equipment needed to displace a typical human worker is beyond the reach of your average small business owner. There are a lot of factors to consider beyond whether or not using one piece of machinery for five years will be more economical than employing human beings for five years. The people projecting that 50% of America will be unemployed in ten years are the same dopes who said Miami would be underwater in 2015. Probably the same guys who thought we'd all be buying Apple Watches. :lol:

Also, taxi drivers have a lot more to fear from UBER right now than they do from automated cabs.


Mogwai said:
Steve sure does like celebrity. I'd almost forgotten all the Fergie, Estefan nonsense. Really don't find the guy a very interesting public figure.
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I don't want an interesting owner. I want one who can get out of his own way. Well, one out of two ain't bad? I guess?
 
Well, it should be very concerning if not very obvious that automation/robotics has caused and will cause negative results on the workforce......not overnight and not every type of job but it's plain to see that jobs have already been erased in many manufacturing/assembly line processes....food, autos, etc......when was the last time you saw a guy welding parts or using a spray gun to paint a car at a major auto manufacturer.....all done by robots so those jobs are gone never to return to be followed by more.

Years ago I could go into a Home Depot, etc. and they'd have 7 - 10 physical cashier employees at open lanes/registers.....now what you see is maybe one physical person at the commercial checkout and one in the main part of store at a register with another pointing people to and monitoring the "self checkout" registers. I saw somewhere that McDonald's is testing an automated order system so you'll either order by voice recognition or by push button. How many jobs/employees (albeit low paid) will that eliminate when it is fully instituted nationwide?

As someone else above said....machines may break down but they don't sue, don't file hostile work/sexual/bias lawsuits, don't have to be paid overtime or offered HEALTH INSURANCE (a major cost driver...esp. now with Obamacare) or suffer on the job injuries, settlements, etc.

The self driving car/truck a fantasy...don't be so sure.....it may not be as far off as people think:

http://gizmodo.com/elon-musk-describes-the-future-of-self-driving-cars-1692076449

"I don't think we have to worry about autonomous cars, because that's sort of a narrow form of AI, and not something I think is very difficult to do actually—to do autonomous driving to the degree that's much safer than a person is much easier than people think.

I think it's just going to become normal. Like an elevator. They used to have elevator operators, and then we developed some simple circuitry to have elevators just come to the floor that you're at, you just press the button. Nobody needs to operate the elevator. The car is just going to be like that."

Another long but thought provoking article on the potential future when self driving commercial trucking/delivery arrives:

http://www.bloombergview.com/articles/2015-05-27/when-will-self-driving-trucks-destroy-america-
 
J. David Wannyheimer said:
The outlay required to purchase or lease the robotic equipment needed to displace a typical human worker is beyond the reach of your average small business owner. There are a lot of factors to consider beyond whether or not using one piece of machinery for five years will be more economical than employing human beings for five years. The people projecting that 50% of America will be unemployed in ten years are the same dopes who said Miami would be underwater in 2015. Probably the same guys who thought we'd all be buying Apple Watches. :lol:

Also, taxi drivers have a lot more to fear from UBER right now than they do from automated cabs.




I don't want an interesting owner. I want one who can get out of his own way. Well, one out of two ain't bad? I guess?
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Uber's endgame is to have a fully self driving fleet. Their current model is just there to tide them over until it's possible, which it will be within 10 years.

http://www.theguardian.com/technology/2015/sep/17/uber-well-ease-the-transition-to-self-driving-cars

I don't think automation will displace the majority of human workers within 10 years, but automation will have a substantial impact on employment and the economy within my lifetime.

Also, for many small businesses, technology has already erased the need for some employees. It is MUCH easier today to be a solo entrepreneur than it ever was before, it is also much easier to outsource more menial jobs to foreign workers. That is also another thing that will only increase. Say for example there is a job that requires a remote worker to pilot a machine. Instead of more expensive American workers, that job could be outsourced to Indians, Filipinos, etc.
 
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