A rigorous study of the impact of robots in manufacturing, agriculture, and utilities across 17 countries, has found that robots did reduce the hours of lower-skilled workers—but they didn’t decrease the total hours worked by humans, and they actually boosted wages.In other words, automation may affect the kind of work humans do, but at the … Continue reading A Key Topical Issue
"Two hundred years ago the vast majority of the world's population lived in extreme poverty. Thanks to free markets, industry and, yes, important energy sources like fossil fuels and nuclear power, today only around 10% live in extreme poverty … and the situation is getting better every day."
My open letter to Tony Burke (below) has made me think more about what I perceive as Australia's downward spiral as a consequence of being let down by politicians of all hues, particularly Greens. I mentioned policies relating to Energy,Water, and Internet (NBN). I now think we should add NDIS (Disability).Oh for some strong pro-active … Continue reading Government Failure
"Ricardo proves that if you specialise, then it makes sense to exchange, and vice versa. Working for each other is the grand theme of human history, one that has waxed and waned, but mostly waxed, over tens of thousands of years, with an incredible acceleration in the last 50 years thanks to free trade.In that … Continue reading Extract from Matt Ridley Speech-12th July,2017