Mish Shedlock points to this video of an automated Greek slaughter house, and opines: Automation Rules What can be automated, will. The number of things that can be automated increases every month

by Stormylifted from an e-mail The difference between automation and outsourcing becomes stylistically blurred in this NYT’s piece: During the recession, domestic manufacturers appear to have accelerated the long-term move toward greater automation, laying off more of their lowest-skilled workers and replacing them with cheaper labor abroad. Since when is outsourcing a form of automation? […]

by Martin Ford Job Automation, Purchasing Power and Consumer Spending I’ve had several recent posts here arguing that automation technology is likely to depress wages and lead to significant structural unemployment in the coming years. One of the most common criticisms of my argument is that I am “not thinking like an economist” and that […]