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Comment Re:An increase in potential (Score 1) 239

The great news there for us technical folk is that if 20 programmers are working today, you can be sure they will need 40 in a few years to clean up the mess the 20 left.

Maybe, maybe not. High Frequency Trading is losing its luster and might be on the way out.

http://www.investopedia.com/news/high-frequency-trading-flash-boys-losing-steam/

Comment Re:Automation can be more productive (Score 1) 239

They don't get sick, take vacations, go on maternity leave, strike, ask for raises, or need benefits.

Robots required maintenance. If a robot goes out spec by the tiniest fraction that prevents it from functioning normally, someone is going to fix it. Robots fixing robots is quite a ways off in the future.

Comment Re:More Than They Predict (Score 1) 239

The US pays wages that limit our ability to compete in world trade.

Not quite. China is becoming too expensive to manufacture because laborers there want higher wages for a middle-class lifestyle. Manufacturing is coming back to the US but the new factories are highly automated. When John Deere opened a new factory, they had 10,000+ applications for 800 jobs.

The non working will simply not quietly starve to death or live in want.

Or join the underground economy by doing odd jobs for cash. I had an uncle who ran a landscaping business for cash under the table, his family drew welfare benefits and never filed taxes in 30 years. Just because the jobs don't officially exist doesn't mean people won't find a way to survive through the hard times.

Comment Re:You have that backwards (Score 1) 239

Automation was supposed to be the end of that kind of thing but it just led to higher end jobs.

I'm reading "Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley" by Antonio Garcia Martinez, where he saw a trading desk at Goldman Sach went from 20 traders and two programmers to two traders and 20 programmers. That's when he bailed out on Wall Street to go to Silicon Valley to get into ad clicks.

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