Rationality: it can happen

[short&naked]

Quote from rangetrader2012:


As a Hispanic, I made sure that I and all my friends voted Obama.

So you did vote based on race... yeah thought so. Not very rational now is it...

 

[maxpi]

Quote from logic_man:

Yep, capital won and (most) labor lost. When I work, I work in corporate strategy, supporting C-suite decision-making. That type of labor will be the last to be automated because it requires higher-level thinking and computers just aren't there yet. But, at some point, even my type of job will be automated. Fortunately, my trading algorithm will never be obsolete, so I can always depend on income from that source.

Management can be automated easier than manufacturing. Managers can be replaced with programs that hand out tasks to the best qualified person, that get feedback from every person receiving the results of a task and from every person doing a task.. raises can be given according to the very accurate records of what tasks were completed and what the feedback was on each task... but management would have to decide to replace themselves so we never, ever, hear of this idea, do we?

 

[logic_man]

Quote from maxpi:

Management can be automated easier than manufacturing. Managers can be replaced with programs that hand out tasks to the best qualified person, that get feedback from every person receiving the results of a task and from every person doing a task.. raises can be given according to the very accurate records of what tasks were completed and what the feedback was on each task... but management would have to decide to replace themselves so we never, ever, hear of this idea, do we?

It's pretty clear you're not management.

What you are talking about is operations.

Like I said, I'll pretty much be among the last humans with actual work to do and it's precisely because I'm capable of thinking in a way that a computer is not.

The rest of you are on your own.

 

[seadog]

Didn't read all the post.But I like the topic. Yes it can hsppen. Kind of rare to find though.Egos and fantasies get in the way of reality.In trading, the concept of millions of $, can happen.Not sure how real it is. We all know the percentage.

 

[Tradingdummy]

Quote from logic_man:

Dude, it's not an either/or. It's both.

The things that went over to China were the sorts of things that could not be made by robots at the time. Believe me, there are going to be millions of unemployed Chinese as the next generation of robots gets rolled out.

A single robot than can replace 20 workers is going to be worth the investment, regardless of whether they are Chinese or not.

From where I sit at the top of the labor food chain, all I see is opportunities to put dumber people out of work.

Also, robots don't bitch or f*ck off on facebook all day.

Resident Dummy

 

[oldtime]

Quote from Tradingdummy:

Also, robots don't bitch or f*ck off on facebook all day.

Resident Dummy

I worked over there at Toyota for a few months when I wasn't sure what I wanted to do with my life. And I have seen those robots in action. They are extremely fast, and would just as soon kill you as weld a motor. You really don't want to get in their way unless you know exactly what you are doing. I know I would never get in that room and try to reason with them.

 

[Tradingdummy]

Quote from oldtime:

I know I would never get in that room and try to reason with them.

I take it that it is like trying to reason with a woman, ?

 

[maxpi]

Quote from logic_man:

It's pretty clear you're not management.

What you are talking about is operations.

Like I said, I'll pretty much be among the last humans with actual work to do and it's precisely because I'm capable of thinking in a way that a computer is not.

The rest of you are on your own.

I'm talking about whole levels of management, moreso at the frontline level...