Comments on: Gregory Clark Uses Computer over Phone, Predicts “Economic Redundancy” of Working Class

By: huang

huang — Sun, 30 Aug 2009 04:24:08 +0000

cardy ugg boots On sale,Find newest Ugg Collection there.

cardy uggs Special sale,Order now,Save 38% immediately

cardy uggs boots This season hit the store,Only $99

Would you like a pair of classic short ugg home,make this winter warm,let you feet keep comfort every day.

Newest classic short uggs is in stock now,Save more off,Win lucky coupon code.

women's bailey button UGG this season hottest Short style UGG Boots,you should never miss it.

Bailey Button UGGs keep your feet amazing comfort,Special sale time is limited this week,Order now

UGGs Bailey Button Boots can't find?You can go our shop,Will save more 25%.

UGG Bailey Button Sale Come in stock,win more discount now.

Chestnut Bailey Button Boot this season hottest Ugg boots,every one is talk about that,Take them home now.

bailey button leopard Ugg boots let the fashion on your feet now,A pair of this will give you all.

Leopard Uggs New version of Ugg Bailey Button hit the store

UGG Australia Highkoo 2009-2010 this winter a new rasie trendy along with bailey button button.

UGG Women's Highkoo Will the best gift for christmas,for your girlfriend,your family member

UGG Grey Women's Highkoo keep rising,don's miss this opportunity to get them home with cheapest price you never imagin.

By: huang

huang — Sun, 30 Aug 2009 04:22:20 +0000

cardy ugg boots On sale,Find newest Ugg Collection there.

cardy uggs Special sale,Order now,Save 38% immediately

cardy uggs boots This season hit the store,Only $99

Would you like a pair of classic short ugg home,make this winter warm,let you feet keep comfort every day.

Newest classic short uggs is in stock now,Save more off,Win lucky coupon code.

UGGs Bailey Button Boots can't find?You can go our shop,Will save more 25%.

UGG Bailey Button Sale Come in stock,win more discount now.

Chestnut Bailey Button Boot this season hottest Ugg boots,every one is talk about that,Take them home now.

bailey button leopard Ugg boots let the fashion on your feet now,A pair of this will give you all.

Leopard Uggs New version of Ugg Bailey Button hit the store

UGG Australia Highkoo 2009-2010 this winter a new rasie trendy along with bailey button button.

UGG Women's Highkoo Will the best gift for christmas,for your girlfriend,your family member

UGG Grey Women's Highkoo keep rising,don's miss this opportunity to get them home with cheapest price you never imagin.

By: huang

huang — Sun, 30 Aug 2009 04:21:53 +0000

cardy ugg boots On sale,Find newest Ugg Collection there.

cardy uggs Special sale,Order now,Save 38% immediately

cardy uggs boots This season hit the store,Only $99

Would you like a pair of classic short ugg home,make this winter warm,let you feet keep comfort every day.

Newest classic short uggs is in stock now,Save more off,Win lucky coupon code.

UGGs Bailey Button Boots can't find?You can go our shop,Will save more 25%.

UGG Bailey Button Sale Come in stock,win more discount now.

Chestnut Bailey Button Boot this season hottest Ugg boots,every one is talk about that,Take them home now.

bailey button leopard Ugg boots let the fashion on your feet now,A pair of this will give you all.

Leopard Uggs New version of Ugg Bailey Button hit the store

UGG Australia Highkoo 2009-2010 this winter a new rasie trendy along with bailey button button.

UGG Women's Highkoo Will the best gift for christmas,for your girlfriend,your family member

UGG Grey Women's Highkoo keep rising,don's miss this opportunity to get them home with cheapest price you never imagin.

By: huang

huang — Sun, 30 Aug 2009 04:21:36 +0000

cardy ugg boots On sale,Find newest Ugg Collection there.

cardy uggs Special sale,Order now,Save 38% immediately

cardy uggs boots This season hit the store,Only $99

Would you like a pair of classic short ugg home,make this winter warm,let you feet keep comfort every day.

Newest classic short uggs is in stock now,Save more off,Win lucky coupon code.

UGGs Bailey Button Boots can't find?You can go our shop,Will save more 25%.

UGG Bailey Button Sale Come in stock,win more discount now.

Chestnut Bailey Button Boot this season hottest Ugg boots,every one is talk about that,Take them home now.

bailey button leopard Ugg boots let the fashion on your feet now,A pair of this will give you all.

Leopard Uggs New version of Ugg Bailey Button hit the store

UGG Australia Highkoo 2009-2010 this winter a new rasie trendy along with bailey button button.

UGG Women's Highkoo Will the best gift for christmas,for your girlfriend,your family member

UGG Grey Women's Highkoo keep rising,don's miss this opportunity to get them home with cheapest price you never imagin.

By: ryan yin

ryan yin — Tue, 11 Aug 2009 11:46:04 +0000

Excellent point. Some of the literature seems to acknowledge that unidimensional skill might not be a reasonable approximation but points out that modeling with multiple dimensions is just too complex to be tractable.

(Sometimes it's suggested that if you say “skill” has multiple dimensions, it's really hard to get clear policy prescriptions like “cut taxes” or “make taxes more progressive.” Which I suppose might be kind of damning about the whole business.)

By: SB

SB — Tue, 11 Aug 2009 11:22:06 +0000

Isn't it a little unfair to say Will is advocating heroic and politically difficult policy changes? My impression was Greg Clark was advocating massive increases in redistribution, and apparently, i.e., before we have any evidence that for once the broken clock happens to be right and this time economic and technological growth will actually turn out to be bad for the poor. Is this not a heroic and politically difficult change? At least Will is responding to a problem that isn't merely speculative.

[Not to mention that Clark infers from the health care debate that there exists massive demand for equality of outcomes, despite (a) having already pointed out that Americans have no such desire with regard to most other things, suggesting that maybe people's political notions about health care are radically different from those about other issues, and (b) that there is growing evidence that Americans want lower costs a lot more than they want universal coverage, to say nothing of equality of coverage.]

By: Gregory Clark Uses Computer over Phone, Predicts “Economic … « Taxes Tools

Tue, 11 Aug 2009 03:11:35 +0000

[...] Read the original: Gregory Clark Uses Computer over P… [...]

By: thehova

thehova — Tue, 11 Aug 2009 00:19:06 +0000

I'm not surprised that Ezra Klein likes Clark's op-ed.

By: TGGP

TGGP — Tue, 11 Aug 2009 00:12:47 +0000

So what evidence does exists contradicts your claim that the private sector will solve everything because government is the source of all ills, and yet it makes not a dent in your claims (for which you have no supporting evidence, much like the liberals who think we can fix it by pouring in more money or just clapping our hands and believing real hard). I'm a radical libertarian who wants to abolish public education, but I'm not going to claim more for private schools than is warranted just because it fits my ideological presuppositions. The mere fact that public schools are unpleasant places to have to spend 7 hours a day is enough, no need to claim they actually do a worse job of educating children than any alternative we've seen.

You often reply to the inequality doom'n'gloomers that consumption data gives a different picture. However, the poor are able to consume as much as they are precisely BECAUSE of transfers. Libertarian optimists like Stephen Moore acknowledge this. Many government jobs and "private sector" make work (such as we see with various jobs bills like the latest stimulus) are essentially that kind of transfer in disguise. The unemployment rate would also look a lot worse if the incarcerated were included. The explosion in imprisonment occurred around the same time as the divergence in income.

Although IQ is correlated with economic success, it is not the only factor. In fact, Clark's book is premised on a different trait of individual variation (time preference) causing the industrial revolution. To learn that other traits are important is not to conclude that they are any more malleable. Executive function is actually far more heritable than IQ (which is not to say we know it can't be improved, but that makes it less likely).

By: It’s Tom Servo’s World, We Just Live in It « Around The Sphere

It’s Tom Servo’s World, We Just Live in It « Around The Sphere — Mon, 10 Aug 2009 23:03:51 +0000

[...] Will Wilkinson: Fifth, the piece is short-sighted. If robots can crowd out all low-skilled workers, there is no reason they cannot also crowd out all high-skilled workers. See Hanson. Would this be bad? Growth would proceed so rapidly that the returns to even small amounts of capital should be outrageously high. The gap will be between those with income from capital gains and those with none. To prevent this, some version of Clark’s recommendation might be desirable. I’d recommend Charles Murray’s scheme for replacing the United States’ social insurance apparatus with basic income grants and mandatory retirement and medical savings accounts. In a world of doubling-every-fifteen-minutes Hansonian robot growth, the portion of GDP necessary to fund universal grants sufficient to ensure a modestly lavish level of consumption would be so trifling that no one would even notice. For now, we should try to hasten the arrival of this post-human economy, in which case we should try to optimize incentives to innovation and growth. Higher taxes and higher levels of welfare spending is about the opposite of that. [...]

By: thehova

thehova — Mon, 10 Aug 2009 20:28:41 +0000

ugghhh. Clark sounds annoyingly paternalistic.

By: pattibreckenridge

pattibreckenridge — Mon, 10 Aug 2009 16:09:45 +0000

I just want to interrupt for one minute to thank all of you for a very stimulating discussion. If the web was filled with more quality dialogue like this, it would be a much better world.

By: DavidP68

DavidP68 — Mon, 10 Aug 2009 16:09:28 +0000

The massive wealth transfer payments that Clark recommends from his ivory tower would squelch the innovation and entrepreneurship needed to create the capital in the first place. It would take place gradually, but it would occur.

By: fhapgood

fhapgood — Mon, 10 Aug 2009 15:52:00 +0000

While I totally accept the idea that over long enough periods supply and demand equilibrate, it seems worth noting that there is a technology coming up over the horizon that could cause a *lot* of short-term turmoil in the unskilled and semi-skilled labor markets: cheap, flexible, vision-based categorization or sorting software. Once you have categorization down you can do most assembly operations, and once you can automate categorization and assembly both maybe 30% of the jobs in the labor force will vanish into the machines. This is a well-identified problem that is attracting billions in R&D around the world, and there doesn't seem to be any obvious reason why it won't get to where it wants to go in a few years.

By: stephen

stephen — Mon, 10 Aug 2009 11:49:31 +0000

On second reading, I see that Greg never made this point. Sorry about that, I read his piece yesterday. Sometimes I really have no idea how my memory of what I read is what it is.