If workers can keep their jobs, they’ll enjoy higher wages. But rising labor costs are pushing employers toward robots. Source: California’s $15 minimum wage may mean more automated jobs | The Sacramento Bee Automation has been coming and is coming, regardless of minimum wage hikes. However, large mandated wage hikes encourage rapid adoption of automation. … Continue reading Increasing minimum wage leading to more automation
San Diego raised its minimum wage very rapidly. Data suggests that while the wage hike benefits those with minimum wage jobs, it is also rapidly eliminating low wage jobs all together. Read the entire (and long) story for the details. This blog has long noted that while automation is going to happen regardless, rapid minimum … Continue reading San Diego’s minimum wage experiment accelerating adoption of automation
When people mention “Covid tracking apps” it would be useful to first define what is meant by “Covid tracking app”. There are many approaches in use and many that are proposed. The various methods are remarkably different. When you hear that “Country X used a tracking app and they have fewer cases”, this does not … Continue reading Covid tracking apps summarized
This is not perplexing but by design: Stock market has the richest valuation in 18 years even as profit outlook worsens Source: Surge in layoffs is unlikely to help profits, no matter what the market thinks Update – I see one financial analyst thinks “It’s different this time” and there is little risk of inflation. … Continue reading Inflation: Why is the stock market shooting up?
Mandatory physical distancing measures, temperature checks and filling out medical history questionnaires prior to airplane flights, possible Covid-19 testing before boarding, limited or non-existent meal and beverage service on airlines, no more free hot breakfasts at hotels, restaurants allowed to use only 25-50% of their seats, mandatory face mask wearing at all times … and … Continue reading A look at travel issues over the next 12-24 months
ICE vehicle engines, except in hybrids and PHEVs, run all the time. In an EV, you only consume power when you need power. This makes an EV ideal for city driving. When you stop at a traffic signal, your engine stops. When you brake in an ICE vehicle, your engine keeps running as your forward … Continue reading Transportation: How EVs are more efficient than ICE vehicles – power on demand and regeneration
News reports imply that our cars are the largest contributor of greenhouse gases in the U.S. In fact, the “transportation” segment is the largest producer but this includes all transportation including business vehicles, medium trucks and semi-trucks, aircraft, ships at sea and more. Drilling down, a reasonable estimate is that our personal vehicles contribute about 13% to GHG output in the U.S.
EV vehicles targeting the U.S. market are primarily going after the expensive, luxury and high performance segments. Vehicles with appropriate range are not affordable nor practical for a family budget at this time.
Far too many people think that Wealth=Assets+Debt, as they take on loans to buy nice homes, cars, RVs and other toys. They look wealthy to the outside world, but in fact, are very poor because Wealth=Assets-Debt. Today, car dealers are encouraging consumers to roll over negative equity in car loans to buy newer, bigger, shinier and more expensive cars. The lead anecdote in the linked news item illustrates as a buyer now owes $45,000 on his $27,000 car purchase. This is bad, really bad, but 1/3d of used car trade ins are now going this route.
Grocery stores, which have already outsourced checkout and bagging to the consumer, are now working on building automated fulfillment distribution centers to process online orders.