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.
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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.
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.
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.
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.
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 [...]
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 [...]
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.
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.”
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 [...]