When I worked in medical device manufacture it was common to see Asian women on the assembly lines. They not only didn’t get bored with the work but had an uncanny ability to pick up minute problems even after years of watching the same parts or products go by on the line.
Not sure when this was, but I think things have changed. I went to a talk a couple of years ago (when we spent time with ~40 people in the same room, the HORROR), where a former Apple manufacturng engineer was presenting on her computer vision startup. Long story short - even in China it was hard to find humans who were willing an able to work on the manufacturing line and had attention to detail, and even then, the time on the job for these roles lasted between 3-4 months, meaning by the time you trained the person correctly, they got bored and left. Probably a function of China’s contracting population - there are less people and more manufacturing jobs there now so more job hopping. Anyway, her startup was able to show higher accuracy of examining and catching Apple products for defects than humans using computer vision and AI.
It was done to Berkeley schools 50 years ago. Destroyed the city
Ruined property values. Things have changed. But nobody moves to Berkeley for the school quality.
Wow. That’s going to be great for the private schools in the area! Time to invest in private school stocks. Suggestions?
In all seriousness, it is said that gifted kids are the most neglected kids. Everyone thinks they’re doing fine since they can easily ace tests, but deep down they end up being lonely, neglected, and bored. That’s why they often act out in school. All this does it make it worse, but it makes it worse most especially for the low-income minority kids who can’t afford the private schools.
A lot of the start-ups I worked for would have used automated vision systems - and automated manufacturing for that matter - except for funding constraints and the need to rapidly iterate the product. Once things matured - typically 5 to 10 years in medical device - it was time for some big pharma company to buy us out. Then on the to next start-up.
The whole idea of a uniform minimum wage for all areas is absurd. The effects will vary widely depending on employment opportunities and costs of living. Maye that’s the whole point - make people in lower income, lower cost of living areas dependant on government handouts.
Exactly. $15/hr is very different in NYC or SF vs rural Kansas. This is just more NY and CA trying to push their ideas in the rest of the country. Nothing prevents states, counties, or cities from passing a higher minimum wage. That’s the best way to do it.
The other stupidity is having the same income limit nationally to qualify for all the stimulus checks, tax credits, etc. $150k/he isn’t much for a family in expensive coastal cities. It’s a ton of money in middle America. They should some how tie it to a percent of the confirming mortgage limits. That way it varies based on cost of living in the area.
Besides, minimum wage makes the jobs that pay less than minimum wages illegal. Such jobs are either eliminated from the market and no longer available to the job seekers, or paid in cash or barter.
The freebie seekers (welfare dependent. guarantee seekers and justice types, including some of those with scientific temper and higher degrees from Harvard, Berkeley, and Stanford) are easier to deceive with the gimmicks like universal basic income and progressive tax. The idea that rich pay all taxes and poor take all the government welfare sounds great. But, it is not true as we see our experience of last 100+ years.
We are already getting closer and closer to it. Over 50% of American’s don’t have to pay income taxes. If I remember right, the top 10% of earners are paying around 70% of all the income taxes collected. The top 1% pay 30%+ of the total collected.
There are always people that argue “what about payroll taxes?” Only 10% of people pay enough payroll taxes to actually cover the benefits they receive. 90% of people are getting more benefits than they are paying in, so others have to pay to cover their shortfall. The other irony is 50% of the payroll taxes are paid by employers, and people never seem to remember that when they discuss corporate taxes paid.
At this point, the tax system is so confusing people don’t even understand differences between effective and marginal tax rates. Most people have no idea how much they pay. They can only tell you what their refund was or how much they owed. They have zero idea their effective tax rate or total paid. It makes it entirely impossible to have any sort of intelligent debate about the topic.
1/4-1/3rd retail space in NYC is empty. Who is paying this higher wages for a job that requires no skill other than being able to balance a tray full of plates when walking.