It’s Man vs. Machine and Man Is Losing

October 6th, 2011

More machines, fewer workers.

Via: Wall Street Journal:

In the man-versus-machine competition, machine is winning. And it’s not just Watson beating humans on “Jeopardy.”

Since the recession ended, businesses had increased their real spending on equipment and software by a strong 26%, while they have added almost nothing to their payrolls.

Posted in Economy, Rise of the Machines | Top Of Page

2 Responses to “It’s Man vs. Machine and Man Is Losing”

  1. anothernut says:
    October 6, 2011 at 2:18 pm

    But of course, as the folks at WSJ well know, not all men (nor women) are losing. Just the vast majority. A small price to pay to be one of the masters of the universe.

  2. LykeX says:
    October 6, 2011 at 3:35 pm

    Now, if we were doing this sensibly, we could use this to ensure that everybody gets shorter working days with no salary cuts.

    We could make a world where everybody was comfortable and had plenty of free time to educate themselves, pursue artistic expression or just plain hang out and have fun.

    Instead, they’re laying off the workers, sending them into poverty and the fat-cats at the top are raking in all the profits. It’s so sad because we could do so much better.

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