FROM Andrew McAfee
Should We Blame Technology for High Unemployment? When two researchers at MIT started a book to be called The Digital Frontier, they were optimistic that technological innovation would increase productivity, and that would mean new jobs. But their inquiries led in a very different direction. From farms to factories, and now to the service economy, human workers are losing their jobs to machines. The "creative destruction" that used to increase employment is working the other way around: productivity is on the rise, but it's not creating many new jobs. As computers become more sophisticated, how can humans learn to compete? Segment Image: A traveler undergoes a full body scan performed by Transportation Security Administration agents at the Denver International Airport. Photo by John Moore/Getty Images
Is a Robot Waiting for your Job? When two researchers at MIT started a book to be called The Digital Frontier, they were optimistic that technological innovation would increase productivity, and that would mean new jobs. Historically speaking, that has been the case. But their inquiries led in a very different direction. In the current recession it's the other way around: more productivity but fewer jobs. "Technological unemployment" has gone from the factory floor to America's service economy, once called "the last repository" of jobs. This time, the old jobs aren't being replaced by new ones. From banks to gas stations to grocery stores, information technology is taking a heavy toll. Google has shown that a computer can drive a car. What can we do to protect our species from losing the race with machines?
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.