These 3 charts reveal the state of the economy

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Australian think-tank the Grattan Institute has released three new trackers, or charts, that offer an up-to-date glance at what the economy looks like right now.

The Morrison government has thrown the kitchen sink at the domestic economy, with $320 billion in stimulus measures designed to cushion the damage.

The Grattan Institute’s charts are regularly updated with the latest statistics to form a quick view of how many jobs have been lost and where, the number of businesses that have been affected, and how consumers are feeling.

The impact of Covid-19 to the Australian economy has been described as the worst since the Great Depression by both the RBA Governor Philip Lowe and the Grattan Institute in a separate report.

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Which 5 jobs will robots take first?

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In 2012, Futurist Thomas Frey predicted that 2 billion jobs would disappear by 2030, roughly half of all jobs that exist today. Oxford University researchers reinforced this with their estimates that 47 percent of U.S. jobs could be automated within the next two decades. But which ones will robots take first?

First, we should define “robots” as technologies, such as machine learning algorithms running on purpose-built computer platforms, that have been trained to perform tasks that currently require humans to perform.

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China is ‘financially out of control’ according to Citi’s chief economist

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Citigroup’s chief economist, Willem Buiter,  sees a storm brewing in China. He estimated that there is a 55 percent chance of a made-in-China global recession in the not too distant future, which he defines as a period of sub-2 percent global growth.

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Very cool data visualization will change how you look at the world economy

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HowMuch.net has come up with a very cool data visualization that’s a little bit unorthodox. The way it works is that it visualizes the entire world’s economic output as a circle. That circle is then subdivided into a bunch of blobs representing the economy of each major country. And then each country-blob is sliced into three chunks — one for manufacturing, one for services, and one for agriculture.

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Has digital technology created a new labor movement?

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The labor movement  in the U.S. is finally starting to go online. It was born from the shifting economic environment created by the Industrial Revolution—and we are, once again, at a technological turning point: this time, change is driven across transistors rather than by steam engines. Labor issues are as much in flux as any part of the economy, with Uber and other “on-demand economy” companies creating both new opportunities and new perils for workers. Workers’ rights are struggling to keep pace with technological progress.

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Most popular programming languages

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RedMonk has released their bi-annual programming language rankings.  Very little has changed in the process since Drew Conway and John Myles White’s original analysis late in 2010.

NOTE:  Anyone interested in learning to code, DaVinci Coders offers multiple courses designed to get you into the rapidly growing technology industry.  For more info please visit davincicoders.com.

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The age of developer-defined infrastructure: The geek shall inherit the earth

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There have been articles about the primacy of software engineers over the past several years.  The fact that technical majors are making more money coming out of college than their classmates and the average salary for a developer has risen dramatically over the past few years supports this reality.

NOTE:  Anyone interested in learning to code, DaVinci Coders offers multiple courses designed to get you into the rapidly growing technology industry.  For more info please visit davincicoders.com.

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The vaule of information is declining in our networked society

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According to a recent paper published in the Portuguese academic journal, OBS, the single most striking element explaining the difficulty in the discovery and implementation of new business models for the media in the digital age, is the declining value of information in the networked society.   Continue reading… “The vaule of information is declining in our networked society”

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