Technology

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First Quote Added

April 10, 2026

Latest Quote Added

April 10, 2026

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"Obama: [M]ost people aren’t spending a lot of time right now worrying about singularity—they are worrying about “Well, is my job going to be replaced by a machine?” I tend to be on the optimistic side—historically we’ve absorbed new technologies, and people find that new jobs are created, they migrate, and our standards of living generally go up. I do think that we may be in a slightly different period now, simply because of the pervasive applicability of AI and other technologies. High-skill folks do very well in these systems. They can leverage their talents, they can interface with machines to extend their reach, their sales, their products and services. Low-wage, low-skill individuals become more and more redundant, and their jobs may not be replaced, but wages are suppressed. And if we are going to successfully manage this transition, we are going to have to have a societal conversation about how we manage this. How are we training and ensuring the economy is inclusive if, in fact, we are producing more than ever, but more and more of it is going to a small group at the top? How do we make sure that folks have a living income? And what does this mean in terms of us supporting things like the arts or culture or making sure our veterans are getting cared for? The social compact has to accommodate these new technologies, and our economic models have to accommodate them."

- Technological unemployment

• 0 likes• technology• business• economics• labor•
"Suppose a clothing manufacturer learns of a machine that will make men’s and women’s overcoats for half as much labor as previously. He installs the machines and drops half his labor force. This looks at first glance like a clear loss of employment. But the machine itself required labor to make it; so here, as one offset, are jobs that would not otherwise have existed. The manufacturer, how ever, would have adopted the machine only if it had either made better suits for half as much labor, or had made the same kind of suits at a smaller cost. If we assume the latter, we cannot assume that the amount of labor to make the machines was as great in terms of pay rolls as the amount of labor that the clothing manufacturer hopes to save in the long run by adopting the machine; otherwise there would have been no economy, and he would not have adopted it. So there is still a net loss of employment to be accounted for. But we should at least keep in mind the real possibility that even the first effect of the introduction of labor-saving machinery may be to increase employment on net balance; because it is usually only in the long run that the clothing manufacturer expects to save money by adopting the machine: it may take several years for the machine to “pay for itself.” After the machine has produced economies sufficient to offset its cost, the clothing manufacturer has more profits than before. (We shall assume that he merely sells his coats for the same price as his competitors, and makes no effort to undersell them.) At this point, it may seem, labor has suffered a net loss of employment, while it is only the manufacturer, the capitalist, who has gained. But it is precisely out of these extra profits that the subsequent social gains must come. The manufacturer must use these extra profits in at least one of three ways, and possibly he will use part of them in all three: (1) he will use the extra profits to expand his operations by buying more machines to make more coats; or (2) he will invest the extra profits in some other industry; or (3) he will spend the extra profits on increasing his own consumption. Whichever of these three courses he takes, he will increase employment."

- Technological unemployment

• 0 likes• technology• business• economics• labor•
"Fred Friendly, the head of CBS news, understood that satellites, with instant transmissions, would eventually become accessible from most places in the world at any time of day and that this awkward invention would one day change the nature not only of television news, but of news itself. In 1965, he wanted a live satellite broadcast from somewhere in the world on the Cronkite evening news, which came on at 7:00 P.M. New York City time. Looking for a place in the world that could send to Early Bird at seven New York City time, he found Berlin, which had been a major story for several years. Schorr was placed at the Berlin Wall, always a good visual, and it was—live! Schorr’s entreaties that nothing was happening at the Wall in the middle of the night were useless. He was missing the point. The point was that it would be live. “So indeed, I stood there,” Schorr recounted. “This is the wall, behind here is where East Germany is, and all. And then, because we were there with lights on, you would hear dogs barking. Dogs started to bark and ‘you would hear dogs barking sometimes chasing some poor East German who was trying to escape. I don’t know that that is happening right now’—a lot of crap! But it was live.” CBS even talked a court in Germany that was trying an accused Nazi into holding a session after midnight so that it could be carried live rather than filming the normal day session and playing it that night. The age of live television news had begun."

- Satellite

• 0 likes• themes• technology•
"For years after World War II, both the United States and the Soviet Union had been trying to perfect a long-range missile capable of carrying nuclear warheads. Building on the successes of Nazi Germany in developing the V-1 and V-2 rockets that pummeled Great Britain during the last months of World War II, both American and Russian scientists raced to improve the range and accuracy of such missiles. (Both nations relied heavily on captured German scientists in their efforts.) In July 1957, the United States seemed to win the race when the Atlas, an ICBM with a speed of up to 20,000 miles an hour and an effective range of 5,000 miles, was ready for testing. The test, however, was a disaster. The missile rose only about 5,000 feet into the air, tumbled, and plunged to earth. Just a month later, the Soviets claimed success by announcing that their own ICBM had been tested, had “covered a huge distance in a brief time,” and “landed in the target area.” No details were given in the Russian announcement and some commentators in the United States doubted that the ICBM test had been as successful as claimed. Nevertheless, the Soviet possession of this “ultimate weapon,” coupled with recent successful test by the Russians of atomic and hydrogen bombs, raised concerns in America. If the Soviets did indeed perfect their ICBM, no part of the United States would be completely safe from possible atomic attack. Less than two months later, the Soviets sent the satellite Sputnik into space."

- Satellite

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