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Post by machineghost on May 25, 2016 2:07:03 GMT
That was the Yale Endowment. Don't be fooled. It is very equity heavy (71%+), just diversified widely out of public stocks. It's not a bad template to follow.
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deuxlsteau
New Member
"and everyone would gather / on the 24th of May"
Posts: 42
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Post by deuxlsteau on May 25, 2016 14:59:14 GMT
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reub
Junior Member
Posts: 84
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Post by reub on May 25, 2016 15:38:33 GMT
So what happens when there are no jobs left?
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deuxlsteau
New Member
"and everyone would gather / on the 24th of May"
Posts: 42
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Post by deuxlsteau on May 25, 2016 16:37:02 GMT
So what happens when there are no jobs left? Frolic half naked in the park?
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Post by pointedstick on May 25, 2016 19:31:11 GMT
So what happens when there are no jobs left? Frolic half naked in the park? There will always be jobs… but the jobs of the future may be radically detached from the skills and proclivities of the most of the people of the future. Coal mining sucks, and in general it would be great if it was automated out of existence or made obsolete by superior and more economically justifiable forms of energy generation, but those coal miners aren't all gonna go off and become app developers, massage therapists, and in-home care nurses. This is the biggest blind spot of people who stand behind the "there will always be jobs" argument. Sure… but not every person is qualified for every job, and not every person can turn on a dime to re-train themselves. Economic elites like us make this assumption because we probably could, but not everybody is like us.
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reub
Junior Member
Posts: 84
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Post by reub on May 25, 2016 20:06:48 GMT
This is precisely my point. Is it possible that to some degree we are better off with the horse and buggy at least wrt driverless cars?
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Post by sophie on May 25, 2016 20:11:33 GMT
Frolic half naked in the park? There will always be jobs… but the jobs of the future may be radically detached from the skills and proclivities of the most of the people of the future. Coal mining sucks, and in general it would be great if it was automated out of existence or made obsolete by superior and more economically justifiable forms of energy generation, but those coal miners aren't all gonna go off and become app developers, massage therapists, and in-home care nurses. This is the biggest blind spot of people who stand behind the "there will always be jobs" argument. Sure… but not every person is qualified for every job, and not every person can turn on a dime to re-train themselves. Economic elites like us make this assumption because we probably could, but not everybody is like us. Yup!! This is part of the reasoning behind the citizens dividend. Is Trump wrong?? Is the growing inequality due to this evolution in the job landscape, and not as much to the effects of nafta or uncontrolled immigration?
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Post by machineghost on May 25, 2016 20:32:06 GMT
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Post by machineghost on May 25, 2016 21:04:51 GMT
Is Trump wrong?? Is the growing inequality due to this evolution in the job landscape, and not as much to the effects of nafta or uncontrolled immigration? Probably, but I don't think the massive crowds of new voters he's attracting to the Republican Party are ready to hear that their jobs will soon be redundant. The Citizen's Dividend is definitely gonna be the populist cure for those people at some point. I keep getting reminded of that Star Trek OS episode where everyone were hedonists and lost all skills and knowledge on how to fix their automated AI-run society.
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Post by machineghost on May 25, 2016 21:19:22 GMT
Da-dum, da-dum, da-dum-da-dum-da-dum...
MasterCard has inked a deal with Pizza Hut (NYSE:YUM) to bring Softbank's (OTCPK:SFTBY) robot companion, Pepper, to restaurants across Asia by the end of 2016. The move is intended to push the MasterPass (NYSE:MA) digital wallet, which Pizza Hut patrons can use by either tapping the Pepper icon within the app or by scanning a QR code on Pepper's display. Besides taking payments, the robot can chat with customers, take orders and make recommendations.
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deuxlsteau
New Member
"and everyone would gather / on the 24th of May"
Posts: 42
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Post by deuxlsteau on May 25, 2016 22:37:50 GMT
I keep getting reminded of that Star Trek OS episode where everyone were hedonists and lost all skills and knowledge on how to fix their automated AI-run society. I can't remember that one! Will have to look it up. I keep thinking of the movie A.I., in which those humans held regular events to violently destroy "mecha", the smart robots who would survive the Ice Age long after the doomed humans were gone. I think they were called flesh fairs.
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Post by machineghost on May 27, 2016 4:52:06 GMT
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Post by machineghost on May 28, 2016 3:59:33 GMT
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Post by machineghost on May 28, 2016 19:20:14 GMT
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Post by machineghost on May 28, 2016 19:21:04 GMT
I keep getting reminded of that Star Trek OS episode where everyone were hedonists and lost all skills and knowledge on how to fix their automated AI-run society. I can't remember that one! Will have to look it up. I keep thinking of the movie A.I., in which those humans held regular events to violently destroy "mecha", the smart robots who would survive the Ice Age long after the doomed humans were gone. I think they were called flesh fairs. I tried looking for it, but nothing matched. I'm thinking that maybe it was the NG and not the OS. P.S. One of my favorite OS episodes is the simulated war games one run by computers where you had to voluntary kill yourself for "casualties". If that doesn't best reflect the bullshit concept of "government", I don't know what else does... aaand I think Reub the NeoCon WarMonger would/should be the very first one to go into the killing chamber.
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