How inflation taxes cash
“If you take cash, on the other hand, and you think about it from a purchasing power standpoint, if you own cash in the world today, you know your central…
Check the track record for those giving economic advice
Nobel economist Paul Krugman, Election night, 2016, writing in the NY Times: Nobel economist Paul Krugman, July 28, 2020: As Talib has observed, most economics prognosticators do okay for some…
Economics: When there is no scarcity
The reality of life today is that life is actually quite good - compared to the past. (Poverty is at a global low point, for example. Literacy is at a…
What if Blockchain is not that useful?
There are downsides to blockchain technologies and processes (blockchain algorithms power Bitcoin and other cryptocurrencies): Each purported use case — from payments to legal documents, from escrow to voting systems…
Retailers using automation to reduce labor costs
Source: Retailers looking to save on labor costs turn to automation $15 per hour minimum wage, $4 to 5$ hour in benefits adds up while the costs of automation fall…
Industrial automation will lead to autonomous/no workers factories
“You will see completely lights out factories for manufacturing,” said Rowan Trollope, senior vice president and general manager of Cisco Systems’ IoT and Collaboration Technology Group. “You’re going to see…
Why on-the-job training has mostly vanished
Is On-the-Job Training Still Worth It for Companies? – Businessweek. The relationship between employers and employees is such that jobs are rarely long lasting anymore. As a result, employers do…
Square’s new credit card reader for iPhone
CoolBusinessIdeas.com | Square Credit Card Reader. Phones will be increasingly connected to external devices and the Internet of things. This is an area that interests me and I am looking…
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Future trends in Information Systems and Technology
This past Saturday I attended an IEEE Computer Society-Seattle sponsored seminar on future trends in information systems and technology. Speakers covered a very wide range of topics. Here is a…