Labor’s share of the world’s income is plunging, and the technology boom is to blame.
For the past thirty years, wages have evaporated as a share of the economy. Meanwhile, the proportion of national income consumed by profits, dividends, and capital gains has steadily grown. Capital 1, Labor 0.
Continue reading… “Robots are already stealing our paychecks”
AmazonFresh
Webvan, the online grocery start-up, may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital and IPO proceeds in just over three years before shutting its doors in 2001.
Continue reading… “Webvan rising from the dead, Amazon builds a grocery business”
Flying robots are going to become a lot more common in the U.S.
Investors and entrepreneurs are betting on a future full of flying robots that can be programmed to do anything from survey crops or wildlife to delivering vaccines to remote villages in Africa.
Continue reading… “Entrepreneurs and investors bet on the future of the drone economy”
China’s stock market
In China, the shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned.
Continue reading… “China’s credit bubble is unlike anything else in modern history”
Vision of Transformation
Francis Fukuyama published his book, The End of History in 1992. He argued that, with the cold war over and liberal democracy triumphant, the major historical narrative dialectic of history was over.
Continue reading… “Top 4 ways technology is changing business strategy”
Machines for High Frequency Trading (HFT)
On April 23 at 1:07 pm, a hijacked AP Twitter account falsely reported an attack on the White House. Just seconds later, major US stock indexes started to fall. They were down 1 percent by the time the tweet was publicly identified as bogus three minutes later. And in another three minutes, the markets had recovered to pre-tweet levels.
Continue reading… “High-frequency trading faster than the speed of reality”
Steven Spielberg and George Lucas
George Lucas and Steven Spielberg aren’t so keen on the future of the film industry. Lucas and Spielberg agreed at a talk at USC that it’s on track to have a “massive implosion”. At the core of their argument: there just isn’t enough time in the day for consumers to support all the films released in theaters. Films are competing with all the content and options that the Internet provides.
The race between Apple’s iOSand Google’s Android appears as if the open-source mobile operating system is a clear winner. However, a closer look reveals other levels of competition not so clearly defined.
Continue reading… “iOS vs Android: Apple still leads with apps and profits”
Futurist Thomas Frey: Let’s first start off with a different question. “Who controls the bread supply in London?”
This was the opening question that Jonas Eliasson started with in his TED talk titled “How to solve traffic jams.”
Continue reading… “Who Controls the Education Industry?”
Baxter is a robot meant to work with people in small manufacturing facilities.
Erik Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial robotics to automated translation services—are largely behind the sluggish employment growth of the last 10 to 15 years. Even more ominous for workers, the MIT academics foresee dismal prospects for many types of jobs as these powerful new technologies are increasingly adopted not only in manufacturing, clerical, and retail work but in professions such as law, financial services, education, and medicine.
Continue reading… “How new technology is destroying jobs”
[youtube]http://www.youtube.com/watch?v=y9RKXO1rr7g[/youtube]
We have seen food delivery drones, and drones that even deliver wedding proposals, but there is one restaurant in the U.K. that aims to inject a bit of this robo-fueled futurism into your dining experience.
Continue reading… “Drone waiter serves diners at U.K. restaurant”
QR codes lets bus riders pick up a few things on the way home using their phones.
The time you spend waiting for a bus can normally be put to better use, if only you weren’t stuck at the bus stop. That’s exactly why Walmart has decided to bring the supermarket to you, making it possible to do some of your weekly shopping while you wait.
Continue reading… “Now you can shop at Walmart while waiting at the bus stop”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.