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Carl the Robot Bartender Mixes Drinks and Chats With Customers

MishTalk

Minyanville Business and Market News. China Financial Markets. Market Oracle. Market Ticker. Naked Capitalism. Real Clear Markets. He built Carl from the parts of disused industrial robots from the German firm KUKA. Sitka Pacific. Recent Posts. Featured Links. Automatic Earth. Big Picture. Daily Bell.

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Caracas Chronicles: Riots in Venezuela Continue 19th Day; Best Wishes but a Sober Assessment

MishTalk

President Maduro has already announced they will pull the plug on CNN En Español , an important source of independent information. Mission Impossible to Stop Capital Flight On January 23, in Venezuela Strengthens Currency Controls in Impossible Mission to Stop Capital Flight; Airlines Collapse; End of the Line I commented.

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Driverless Cars and Trucks: Who Wants One? How Many Jobs Will Vanish?

MishTalk

Such was the case again yesterday when I wrote Driverless Cars in 30 US cities; Death of Cars? And when it does happen, it will likely be en masse. This is the death of the paid driver industry. The total number of people employed in the industry, including those in positions that do not entail driving, exceeds 8.7

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Fourth Industrial Revolution: Robots, Artificial Intelligence Will Destroy 5.1 Million Jobs by 2020

MishTalk

Fourth Industrial Revolution Coming A new study on the " Future of Jobs " by the World Economic Forum at Davos claims a Fourth Industrial Revolution is Coming. The Fourth Industrial Revolution includes developments artificial intelligence, robotics, nanotechnology, 3-D printing, genetics, and biotechnology.

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Introducing the Zero Labor Factory (90% Free Actually); Robots at Chili's, Applebees, Panera

MishTalk

Meanwhile, back in the US, McDonald's employees think they are worth $15 an hour for taking orders and handing people a sack of crap. Delivery drivers could be replaced en masse by self-driving cars, which are likely to hit the market within a decade or two, or even drones.

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Robots Will Change World Beyond Recognition Says BoA; Automation Will Change Jobs More Than Kill Them Says McKinsey

MishTalk

China is already the world’s biggest buyer of robots, making up a quarter of the global market. We are coming close to the crucial “inflexion point” when it is 15pc cheaper to use a robot than to employ a human worker. The owners of capital will take an even bigger slice of global income, pushing inequality to yet greater extremes.

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The Cantillon Effect

Tom Spencer

Central banks pursue “inflation at any cost” in order to oil the wheels of the credit markets. Let us consider one of the hidden costs of continual money creation. Producing goods creates jobs, requires investment in productive capital, and can lead to new technology and comparative advantages being formed.

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