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Published: Dec 20 , 2019
Author: Alan Smith

Many years ago, when I was a student at University studying economics, my then professor posed an interesting dilemma that all of us would have to face in the future. The increasing mechanization of the Global Economy was forcing the workforce out. Robots would take over all the menial labor heavy tasks, and the ‘working classes’ would be made obsolete. What would the economy do with all this humanity who had masses of time on their hands and nothing to do.

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Published: Dec 12 , 2019
Author: Alan Smith

You decide to get your whole house repainted. You invite four local firms to come to your home and give you a quote. After they have looked around you sit each of them in a separate room and ask them for their best price. Each of them has the same brief and need to cover materials as well as labor. They all have two weeks to complete the job.

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Published: Dec 09 , 2019
Author: Brian Buck

I recently read the book Creativity, Inc. by Ed Catmull, who co-founded Pixar along with Alvy Ray Smith and Steve Jobs. In it, he shares a story about a negotiation with IBM that Steve Jobs was involved in, back when Jobs was running NeXT. Jobs negotiated a $100M deal that allowed IBM to use the NeXT operating system without rights to subsequent versions of the software. At the time, it seemed like a big win for NeXT. But was it?

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Many years ago, when I was a student at University studying economics, my then professor posed an interesting dilemma that all of us would have to face in the future. The increasing mechanization of the Global Economy was forcing the workforce out. Robots would take over all the menial labor heavy tasks, and the ‘working classes’ would be made obsolete. What would the economy do with all this humanity who had masses of time on their hands and nothing to do.

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