By Daniel Griswold, Los Angeles Times
This Op-Ed article was published by the Los Angeles Times on August 1, 2016. To visit the article in the L.A. Times click on the link below:
See also “The Technology Imperative: What Jobs, Jobs, Jobs, Really Means in the 21st Century”, By John Psarouthakis, Gavdos Press, 2012
Foreign trade took a beating at both major party conventions, with speakers blaming free-trade agreements for all but wiping out U.S. manufacturing and eliminating millions of middle-class jobs. Both Donald Trump and Hillary Clinton have promised to renegotiate or abandon trade agreements with key U.S. trading partners such as Mexico and Canada. That would be a colossal mistake.
The number of manufacturing jobs in the United States has indeed been in a long decline since the late 1970s, but that disguises the true story of American manufacturing. Nostalgia for a bygone era blinds politicians and voters alike to the reality of a revitalized sector of the American economy that is thriving in a global market.
Dr. Periklis Gogas, Associate Professor and
Mr. Panagiotis Mitrakoulis,
Senior Economics Student, Department of Economics
Democritus University of Thrace, Greece
Greece’s debt crisis, that started in 2010, is the longest and most severe in the country’s modern economic history. Since 2010, when Georgios Papandreou as the prime minister signed the first memorandum of understanding (MoU), Greece implements important fiscal adjustment measures combined with structural reforms.
Fiscal adjustment clauses aim to achieve balanced government budgets or primary surpluses that will help reduce the debt to GDP ratio. The complimentary, in the MoU, structural reforms are designed to increase productivity and international competitiveness. It will be very interesting to justify how labor market reforms, which are among the most painful and spark more public debates in Greece, bring the economy back to the road of development.
By Martin Ford who is author of Rise of the Robots and The Lights in the Tunnel two books about AI, job automation & the future economy.
In this talk recorded at the RSA, leading expert on AI and the robotics revolution Martin Ford offers both an exploration of this new technology and a call to arms to face its radical implications. The world is being transformed by a profound technological revolution, dominated by digital – a second machine age. Digital technology is changing all our lives, work, society and politics. It is clear that unless we radically reassess the fundamentals of how our economy and politics work, we risk a future of massive unemployment and inequality.
This talk was posted in the Social Europe journal on November 19, 2015