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Comment Re:Forbit all HFT (Score 1) 246

This is a philosophy fail. Someone or something need not "contribute to society". You aren't the "societal contribution police", bro.

I'm not a "no government, maaan!" guy but I believe there should be a fairly high burden of proof for government intervention in any part of our lives. For example, I have no problem with single payer health insurance - to me there is a massive reason for it in terms of our standard of living.

HFT? Good luck finding the massive damage it does that would justify arbitrary limits on it such as you propose.

Comment Re:The Luddites (Score 1) 870

You're right, Student of History. Nothing will change - ever.

I for one look forward to the infinite, consequence free growth and increase in our standard of living that we will enjoy, I mean it's been a pretty good ride so far and as we all know it's _perfectly sane_ and rational to look back at history to determine what will happen in the future. I mean, History teachers, TV, and movies tell us that all the time!

Why, I bet the Jews in 1930's Germany weren't so worried, I mean systematic genocide of the type the Nazis had in store was _unprecedented_, so why worry about it right?

lolzers

Automation has already caused "harm" (in terms of employment) to people in the US. You are arguing about things that have already happened.

What next, a debate over who will win the Superbowl, Denver or Seattle?

Comment Re:The minimum wage increase movement... (Score 1) 870

Delusional balderdash. There will be a correlation between the amount of the increase and the effect on jobs, of course. I don't think going to $10 will be the end of the world, $12 would be pretty bad, and anything over $15 very bad. $20? Lol.. right.

So I hate to pull this because it's misused, but sadly your lot never actually answers it. Why not a $30/hr minimum wage? And note than scoffing and saying "don't be ridiculous" is not a meaningful reply.

The answer, of course, is that raising the minimum wage too high (for some value of 'too high') will _of fucking course_ cost jobs. The question is where is that red line?

Comment Re:The Luddites (Score 1) 870

The "student of history" perspective is seldom useful. Things are different now, a lot more mouths to feed. It's a curve - some automation good, lots of automation great, total automation - disastrous. Sometimes when you gaze back too much at the past you ignore the fact that this is _already happening_.

Not that there's anything we can do about it or that we should try to stop it, but it _will_ be a huge inflection point - more than likely an extremely painful one.

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