Perhaps you don’t think the change that is upon us is a profound one. But consider this: Within two decades, half the jobs in this country may be performed by robots. What then of our unemployment rate? And what of […]
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When Joseph Whitworth was growing up in Stockport, the man who became the greatest mechanical engineer of the Victorian age witnessed a traumatic sight. In 1812, this unlovely industrial town on the outskirts of Manchester was overrun by Luddite rioters, […]
Many people agree that the first objective for tax reform must be to create jobs. The entire transition team’s number one objective is creating jobs. Good jobs, American jobs. That was the heart and soul of Trump’s campaign. While there […]
In the 3rd edition of University Economics, Armen Alchian and William Allen state that “an unlimited number of jobs are available in a world of scarcity.” Entrepreneurial innovation marshals resources in new and creative ways so that desires once too […]
The percentage of people in the workforce is expected to continue its downward trend in the decades ahead, according to a federal report Friday. The labor force participation rate has declined significantly since the last recession almost a decade ago. […]
The idea of robots replacing factory workers could sound like the stuff of science fiction, but automation is the factory of the future. This could be the year we really start seeing humans being replaced by robots; Tesla has already […]