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Luddite Fallacy
Technological unemployment is the loss of jobs caused by technological change. It is a key type of structural unemployment. Technological change typically includes the introduction of labour-saving "mechanical-muscle" machines or more efficient "mechanical-mind" processes (automation), and humans' role in these processes are minimized. Just as horses were gradually made obsolete as transport by the automobile and as labourer by the tractor, humans' jobs have also been affected throughout modern history. Historical examples include artisan weavers reduced to poverty after the introduction of mechanized looms. During World War II, Alan Turing's Bombe machine compressed and decoded thousands of man-years worth of encrypted data in a matter of hours. A contemporary example of technological unemployment is the displacement of retail cashiers by self-service tills and cashierless stores. That technological change can cause short-term job losses is widely accepted. The view that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pyxis Pharmacy Robot By Nurse Station
Pyxis is a small and faint constellation in the southern sky. Abbreviated from Pyxis Nautica, its name is Latin for a mariner's compass (contrasting with Circinus, which represents a draftsman's compasses). Pyxis was introduced by Nicolas-Louis de Lacaille in the 18th century, and is counted among the 88 modern constellations. The Galactic plane, plane of the Milky Way passes through Pyxis. A faint constellation, its three brightest stars—Alpha Pyxidis, Alpha, Beta Pyxidis, Beta and Gamma Pyxidis—are in a rough line. At magnitude 3.68, Alpha is the constellation's brightest star. It is a blue-white star approximately distant and around 22,000 times as luminosity, luminous as the Sun. Pyxis is located close to the stars that formed the old constellation Argo Navis, the ship of Jason and the Argonauts. Parts of Argo Navis were the Carina (the keel or hull), the Puppis (the poop deck or stern), and the Vela (the sails). These eventually became their own constellations. In the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luddite
The Luddites were a secret oath-based organisation of English textile workers in the 19th century who formed a radical faction which destroyed textile machinery. The group is believed to have taken its name from Ned Ludd, a legendary weaver supposedly from Anstey, near Leicester. They protested against manufacturers who used machines in what they called "a fraudulent and deceitful manner" to get around standard labour practices. Luddites feared that the time spent learning the skills of their craft would go to waste, as machines would replace their role in the industry. Many Luddites were owners of workshops that had closed because factories could sell the same products for less. But when workshop owners set out to find a job at a factory, it was very hard to find one because producing things in factories required fewer workers than producing those same things in a workshop. This left many people unemployed and angry. The Luddite movement began in Nottingham in England and cu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Expansionary Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation (which is considered "healthy" at the level in the range 2%–3%) and to increase employment. Additionally, it is designed to try to ke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Offshoring
Offshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Usually this refers to a company business, although state governments may also employ offshoring. More recently, technical and administrative services have been offshored. Offshoring and outsourcing are not mutually inclusive: there can be one without the other. They can be intertwined (offshore outsourcing), and can be individually or jointly, partially or completely reversed, involving terms such as reshoring, inshoring, and insourcing. Offshoring is when the offshored work is done by means of an internal (captive) delivery model, sometimes referred to as ''in-house offshore.'' Imported services from subsidiaries or other closely related suppliers are included, whereas intermediate goods, such as partially completed cars or computers, may not be. Motivation Lower cost and increased corporate prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Globalisation
Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialization''), developed its current meaning some time in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post-Cold War world. Its origins can be traced back to 18th and 19th centuries due to advances in transportation and communications technology. This increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs, and culture. Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. However, disputes and international diplomacy are also large parts of the history of globalizat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Cycle
Business cycles are intervals of Economic expansion, expansion followed by recession in economic activity. These changes have implications for the welfare of the broad population as well as for private institutions. Typically business cycles are measured by examining trends in a broad economic indicator such as Real Gross Domestic Production. Business cycle fluctuations are usually characterized by general upswings and downturns in a span of macroeconomic variables. The individual episodes of expansion/recession occur with changing duration and intensity over time. Typically their periodicity has a wide range from around 2 to 10 years (the technical phrase "stochastic cycle" is often used in statistics to describe this kind of process.) As in [Harvey, Trimbur, and van Dijk, 2007, ''Journal of Econometrics''], such flexible knowledge about the frequency of business cycles can actually be included in their mathematical study, using a Bayesian statistical paradigm. There are numer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panel Study Of Income Dynamics
The Panel Study of Income Dynamics (PSID) is a longitudinal panel survey of American families, conducted by the Survey Research Center at the University of Michigan. The PSID measures economic, social, and health factors over the life course of families over multiple generations. Data have been collected from the same families and their descendants since 1968. It has been claimed that it is the world’s longest running household panel survey. Background The PSID gathers data about the circumstances of the family as a whole and about each individual in the family. The greatest level of detail is gathered for the primary adult(s) heading the family. The PSID has achieved high and consistent response rates, and because of low attrition and the success in following young adults as they form their own families, the sample size has grown from 4,800 families in 1968, to 7,000 families in 2001, to 7,400 by 2005, and to more than 9,000 as of 2013. By 2003, the PSID had collected informati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacob Mincer
Jacob Mincer (July 15, 1922 – August 20, 2006), was a father of modern labor economics. He was Joseph L. Buttenwieser Professor of Economics and Social Relations at Columbia University for most of his active life. Biography Born in Tomaszów Lubelski, Poland, Mincer survived World War II internment, prison camps in Czechoslovakia and Germany]as a teenager. After graduating from Emory University in 1950, Mincer received his PhD from Columbia University in 1957. Following teaching stints at City College of New York, Hebrew University, Stockholm School of Economics and the University of Chicago, Mincer joined Columbia's faculty in 1959. He stayed at Columbia until his retirement in 1991. Mincer was also a member of the National Bureau of Economic Research from 1960 through his death. Mincer died at his Manhattan home on August 20, 2006, due to complications from Parkinson's disease, according to his wife, Dr. Flora Mincer, and his daughters, Deborah Mincer (Sussman) and Caroly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Development Report
The World Development Report (WDR) is an annual report published since 1978 by the International Bank for Reconstruction and Development (IBRD) or World Bank. Each WDR provides in-depth analysis of a specific aspect of economic development. Past reports have considered such topics as agriculture, youth, equity, public services delivery, the role of the state, transition economies, labour, infrastructure, health, the environment, risk management, and poverty. The reports are the Bank's best-known contribution to thinking about development. World Development Report 2021 World Development Report 2021: Data for Better Lives explores the tremendous potential of the changing data landscape to improve the lives of poor people, while also acknowledging its potential to open back doors that can harm individuals, businesses, and societies. It studies the various uses of data as a public good as well as harnessed by private players to enhance productivity. It explores the mechanism that coul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew McAfee
Andrew Paul McAfee (born ), a principal research scientist at MIT, is cofounder and codirector of the MIT Initiative on the Digital Economy at the MIT Sloan School of Management. He studies how digital technologies are changing the world. Life and work McAfee is the author of ''Enterprise 2.0'', published in November 2009 by Harvard Business School Press, and co-author of ''Race Against the Machine'' with Erik Brynjolfsson. In 2014, this work was expanded into the book ''The Second Machine Age''. He speaks frequently to both academic and industry audiences, most notably at TED 2013 and on ''The Charlie Rose Show ''Charlie Rose'' (also known as ''The Charlie Rose Show'') is an American television interview and talk show, with Charlie Rose as executive producer, executive editor, and host. The show was syndicated on PBS from 1991 until 2017 and is owned b ...''. Work Books McAfee's first book, ''Enterprise 2.0: New Collaborative Tools for Your Organization's Toughest Cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gene Sperling
Eugene Benton Sperling (born December 24, 1958) is an American lawyer who was director of the National Economic Council and assistant to the president for economic policy under Presidents Bill Clinton and Barack Obama. He is the only person to serve as national economic advisor under two presidents. Outside of government, he founded the Center for Universal Education at the Brookings Institution in 2002. In February 2021, as the nomination of Neera Tanden for OMB director faced opposition, Sperling was considered to be one of the leading contenders to assume the top position. He authored ''Economic Dignity'', which was released on May 5, 2020. Sperling currently serves as Senior Advisor to President Biden and Implementation Coordinator of the American Rescue Plan. Early life and education Sperling was born in Ann Arbor, Michigan, the son of Doris Louise (née Hyman) and Lawrence Sperling. He is of Jewish descent. He attended Pioneer High School and then Community High Sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
