yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

#shorts How Will Robots Affect These Jobs?


less than 1m read
·Nov 7, 2024

Robots don't pay taxes or even spend money in the local communities. They should preserve their jobs. My question to you is, can they stop progress?

Uh, first of all, there's no evidence that that's true. There have been lots of studies on automation in ports, domestically and internationally. The trouble with East Coast ports is they're very old; they're very inefficient.

When you start to compare them against other international ports like Singapore and the other Asian ports, we're just not holding mustard up against them. And that's very bad for productivity and flow-through.

So we can't agree to that; we just got to let automation go where it goes because there is zero evidence on East and West Coast that if you automate and make it more efficient and more productive, that it hurts wages at all.

Indeed, it may even increase the actual pay you give to more employees that know how to use these robotic systems. So they become more engineer-oriented, it helps job creation, and helps value of wage growth.

More Articles

View All
Return on capital and economic growth
One of the core ideas of “Capital in the 21st Century” is comparing the after-tax return on capital, let me write that a little bit neater: return on capital, to economic growth. The contention is that if the return on capital ® is greater than economic g…
Problems Only Smart People Can Solve
You know, there’s a time and place when only certain types of people can solve a particular problem. It’s when you call in the big guns, and today we’re taking a look at some of those problems. Welcome to Alux. First up, what and when to cut. Just like a…
Infiltrating the Illegal Wildlife Trade: The Human Cost | Nat Geo Live
In East Africa, ivory trafficking is probably what you might guess. It’s organized crime, it’s poachers on the ground, corrupt governments. Central Africa; completely different. It’s a war zone. These are the rangers. These six men are dead. They were on…
Mr. Freeman, part 61 CENSORED
There was a man who was constantly suffering. He was too hot, then too cold. He had too much, then too little. He wanted to scream from joy, then wanted to hide in the corner from angst. The stress was making his heart grow callous, his body deteriorate, …
How to sell a corporate jet!
Yes, sir. I have a customer from overseas who would like to purchase an airplane. Do you know what kind of airplane he’s looking for? From what I understand, they’re looking at a Lear Jet 60XR. Does that mean anything to you? Yeah, I know it does, but th…
Inside a Kangaroo Pouch - Smarter Every Day 139
Hey, it’s me Destin, welcome back to Smarter Every Day. Simple question here. Do you know, like really know, what a kangaroo pouch looks like? Several years ago, I was invited to Australia to help promote National Science Week with my friend Chris, who ha…