Tuesday 26th of November 2024

the great productivity lie .....

the great productivity lie .....

from Crikey .....

GDP figures out this morning were stronger than expected. The Australian economy grew by 1.2% in the June quarter, real gross domestic income grew 6.5% in the 2010-11 financial year -- the largest growth since 1987-88.

Nice maths for Treasurer Wayne Swan. If only President Obama could boast a better set of figures. Obama will take the nation through the numbers of his jobs package plan Thursday night (US time) in his address to Congress.

In the meantime, the numbers are in on his latest approval rating, and it's the worst of his presidency.

A new ABC News/Washington Post poll shows that 53% of Americans now disapprove of the job Barack Obama is doing.

Six in 10 people think he's doing a bad job on the economy.

And 78% of political independents think the country is on the wrong track.

Maybe they caught sight of these gobsmacking numbers from The New York Times published earlier in the week:

This is going to have to be some package, not to lift the President's numbers, but to lift an ever-growing proportion of Americans from the brink of poverty.

Click on the image for the full rundown c/o The New York Times

the cymen versus the humbergs...

Science fiction novels of a half-century ago dramatized conflicts between humans and robots, asking if people were controlling their technologies, or if the machines were actually in charge. A few decades later, with the digital revolution in juggernaut mode, the verdict is in. The robots have won. Although the automatons were supposedly going to free people by taking on life’s menial, repetitive tasks, frequently, technological innovation actually offloads such jobs onto human beings.

The conventional wisdom is that America has become a “service economy,” but actually, in many sectors, “service” is disappearing. There was a time when a gas station attendant would routinely fill your tank and even check your oil and clean your windshield and rear window without charge, then settle your bill. Today, all those jobs have been transferred to the customer: we pump our own gas, squeegee our own windshield, and pay our own bill by swiping a credit card. Where customers once received service from the service station, they now provide “self-service” — a synonym for “no service.” Technology enables this sleight of hand, which lets gas stations cut their payrolls, having co-opted their patrons into doing these jobs without pay.

Examples abound, helping drive unemployment rates. Airports now have self-service check-in kiosks that allow travelers to perform the jobs of ticket agents.

http://www.nytimes.com/2011/10/30/opinion/sunday/our-unpaid-extra-shadow-work.html?ref=opinion&pagewanted=print