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Discussions - Public / Re: so how is the economy?
« Last post by The Gorn on May 26, 2018, 07:55:24 am »
My opinion is that we have a constantly-declining "new normal" with minor upticks. In other words, the centerline or baseline what is considered a good economy today is continually declining from what we expected in the past. The full employment economy of 2018 looks like a minor depression compared to the full employment economy of 1998.

All I know is what I see locally here in Ohio. A house that 10 years ago would have gone for 110 (maybe) closed on our street recently for 178K.  Nothing by DC standards but by flyover standards we have some strong real estate speculation going on here. I constantly get a post card from some slumlord company that wants to buy my house for a rental (most of my street is owner occupied by a wide margin so I am sure they would be eager to fuck up our neighborhood for a quick profit.)

And Ohio is meth junkie and poor education / low economic value central where nobody can make anything good or valuable.
Discussions - Public / so how is the economy?
« Last post by unix on May 26, 2018, 06:55:04 am »
I have my own opinion but wanted to hear other reports from the trenches.

I see a lot of sales, a lot of discounts on everything which suggests people aren't spending.

20% off on this, 25% off on that. On everything. Automotive, clothing, household and in private sales as well.

I think it's the same situation as with computers. See how many careers that field has opened?

For one I have severe doubts this shyt will become mainstream anytime soon. It will remain exotic and expensive stuff they show at shows, but how much will that cost when it goes into full production, if ever? 250 grand each?

It will be expensive to own, expensive to maintain. And only toys for billionaires essentially and not practical at all for anyone you know.

That is all assuming they solve the issue of power supply.  That thing has to run off a wire connected to it at all times or have a 5 minute runtime off its own internal Li-ion batteries.

Much cheaper to just hire someone.

Robots create jobs for thinking people, but what happens to the people that are more rudimentary?  We've been allowing a lot of them into the country that just know how to pick vegetables.  Many don't have the capability to do much else.

I think little consideration has been given to the impact of robotics on the human race.
No no no

The robots will create a lot more jobs than they consume

Dont be a Luddite, lol
The energy source is a very important consideration.  I think its amazing that robots can be so agile, but can they keep it up.  At this point, I don't think so.

One thing I don't think anyone ever talks about is what happens to the human race after robots take over any job they can.
Interesting point.

There needs to be a revolution in terms of energy source.

They can work around the clock, no breaks or benefits. They would quickly pay for themselves.

They already have those type of robots.  Look at any automobile manufacturing plant or, for that matter, any other type of manufacturing.  Much of the assembly is done by robots.

Now the type of robot you see in the YouTube movies, i.e. the B. dynamics units - the severely limiting issue with them is the power supply.  They can't currently run for more than a few minutes at a time.  To be viable they would need something like a very small nuclear power unit that would last for months or years.
Well, have you checked how much they actually cost at this point?

How much they cost to run per hour?


They were computers where in 1961. Yeah, we had these huge computers that cost mega-millions and 1MB of storage that was a million, etc and they just did not become dominant or household items until what? Early 1980's, if that?

IMO we are a full generation from a full integration of these things into our society. Maybe 2 generations.  You can safely assume nobody on this forum will live in a Black Mirror type movie script.

They can work around the clock, no breaks or benefits. They would quickly pay for themselves.
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