I actually think we'd see a drop in labor participation combined with higher paying jobs that involve either supervising the machines/computers or providing a human touch.

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Posted by Teddy Ruxpin

Member since Oct 2006

39642 posts

Posted on 2/14/17 at 5:32 pm to b-rab2

quote:

then just the government gives us a paycheck

No, we're getting towards "the end of scarcity" theory. You won't need money because everybody's wants and desires will be fulfilled.

Of course, it's just a theory and lots of shite can happen between here and there, assuming "there" is attainable.

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Posted by GFunk

Denham Springs

Member since Feb 2011

14967 posts

Posted on 2/15/17 at 6:46 am to Teddy Ruxpin

Theres a finite amount of land/real estate and wants and needs in those departments will be a resource eaten up quite quickly.

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Posted by Doc Fenton

New York, NY

Member since Feb 2007

52698 posts

Posted on 2/15/17 at 7:38 am to euphemus

Bloomberg: " Goldman Sachs Denies Bonuses for 100 Investment Bankers"

One hundred.... is a lot. Ouch.

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Posted by RollTide4Ever

Nashville

Member since Nov 2006

18343 posts

Posted on 2/15/17 at 10:29 am to Doc Fenton

So next time GS is teetering on collapse, it won't need a taxpayer-funded bailout?

That electrical apprenticeship is looking good right now.

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Posted by Lou Pai

Member since Dec 2014

28189 posts

Posted on 2/15/17 at 9:24 pm to b-rab2

quote:
Im sort of going off of topic here but I was at an SPE meeting in december and it was on drilling automation vs people rigs and how they differ with speed for drilling..

Interesting results is that the machines were consistently fast as expected but a veteran drilling crew was mostly faster as time went on.

You have a link?

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Posted by b-rab2

N. Louisiana

Member since Dec 2005

12580 posts

Posted on 2/16/17 at 7:25 am to Lou Pai

Let me see if I can find it.

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