MIT Study: Median Uber and Lyft Profits Less Than Half Minimum Wage; 30% of Drivers Lose Money
Yes, it is now official: you really are engaged in exploitation when you use Uber or Lyft.
Read more...Category Archives: Technology and innovation
Time to Stand Up for Dumb
The New York Times today gives an extremely cautious and narrow defense of traditional, now denigrated as “dumb” devices: In an Era of ‘Smart’ Things, Sometimes Dumb Stuff Is Better. It listed a grand total of five examples: A wristwatch vs. Apple Watch A car mount vs. a smart car console An alarm clock vs. […]
Read more...The Dystopian Technologies Being Used to Control Workers
Big companies are surveilling workers more intensively than ever and using that to create high tech sweatshops.
Read more...Don’t Want a Robot to Replace You? Study Tolstoy
Why having explored the humanities is a career plus.
Read more...Technology Change Not the Culprit in Wages Falling Behind US Productivity Gains
Larry Summers and Anna Stansbury challenge the idea that workers getting a smaller cut of the productivity gains pie is due to technology.
Read more...Wolf Richter: “Blockchain” Stocks Completely Disintegrate
Blockchain plays have collapsed at an astonishing speed.
Read more...How Hunter-Gatherers May Hold the Key to our Economic Future
Their relaxed approach to work stemmed from their faith in the providence of their environment and confidence in their ability to exploit it
Read more...Can Uber Ever Deliver? Part Thirteen: Even After 4Q Cost Cuts, Uber Lost $4.5 Billion in 2017
How the business press got the story on Uber’s latest financial report wrong.
Read more...Wizards and Prophets Face Off to Save the Planet
How to feed 10 billion people? Wizards, as in technophiles, and prophets, conservationists, have very different answers.
Read more...Buffett, Bezos, and Dimon Launch “An Undertaking of Great Advantage” to “Innovate” in Health Care
Decoding the press release on the new health care venture from Berkshire Hathway, Amazon, and JP Morgan.
Read more...CalPERS Chief Investment Office Ted Eliopoulos Now Touting Venture Capital Even Though It Can’t Improve Returns
CalPERS is about to embrace yet another bad investment idea.
Read more...Highly Experienced Physicians Leaving Medicine Due to Electronic Medical Records
More on the destructive impact of electronic medical records.
Read more...Mastercard Pushes Biometrics, Banks Follow
Mastercard and other financial services providers are aggressively promoting biometrics. Where are the vaunted EU privacy regulators?
Read more...Dear Elon: Tesla’s Base Is Not the Model S Coalition
How Elon Musk is doing a great job of alienation a critically important part of Tesla’s Model S coalition.
Read more...Can Uber Ever Deliver? Part Twelve: Brad Stone and Bloomberg Continue To Get the Uber Story Badly Wrong
How Brad Stone’s piece about “bad boy” Travis Kalanick is yet another effort to tell the most pro-Uber story possible at this point in time.
Read more...