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[OP-ED]: Why robots won’t steal all our jobs

 07/14/2017 - 08:43
En un mundo ideal, los robots realizarían la mayoría de los trabajos repetitivos y monótonos, mientras que la fuerza de trabajo mejor educada y mejor paga se concentraría en trabajos que no pueden ser realizados por máquinas. Archivo

Don’t worry, the robots won’t destroy all our jobs. History suggests just the opposite -- that new technologies inspire new jobs. So concludes a study from leading labor economists. It’s a useful antidote to widespread fears that robots and “artificial intelligence” will displace millions of workers and lead to permanently high joblessness.

[OP-ED]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

This is not your father’s inflation -- and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted.

US-India: Trump and Modi pledge cooperation, avoid tensions on immigration

 06/27/2017 - 06:57
US President Donald J. Trump (R), with Indian Prime Minister Narendra Modi (L), delivers remarks during a ceremony in the Rose Garden of the White House in Washington, DC, USA, 26 June 2017. EPA/SHAWN THEW

In their first official meeting, the President of the United States and the Indian Prime Minister talked about trade and defense cooperation, terrorism, but avoided immigration and climate change, issues in which both leaders differ. India is the country most affected by Trump's decision to tighten controls on granting the H-1B visa, which benefits foreign workers.

 

Plain Text Author: 
EFE

[OP-ED]: America’s postindustrial blues

 06/22/2017 - 09:43
Says Richard Reeves of the Brookings Institution in his new book “Dream Hoarders.” We should not be surprised that 58 percent of whites and 67 percent of whites without a college degree voted for Trump.

Ever since Donald Trump’s election, a cottage industry of politicians, journalists, scholars and commentators has sought to understand what motivates Trump supporters. Theories have ranged from globalization to a rebellion against Washington elitism to racism. But the true cause may have been overlooked: the “postindustrial society.”

[OP-ED]: What really happened to coal?

 06/12/2017 - 08:58
Even if environmental regulation and climate change didn’t exist, the coal industry would have faced intense pressures to change and adapt. Government isn’t killing the coal industry. “Progress is the culprit,” concludes Kolstad’s study.

 The coal-mining jobs that President Trump thinks were destroyed by government regulation -- adopted to combat air pollution and global warming -- were actually lost to old-fashioned competition from other American firms and workers. Eastern coal mines lost market share to Western coal, which was cheaper. And natural gas grew at coal’s expense because it had low costs and lower greenhouse gas emissions.

Santos tras su encuentro con Trump: "Nosotros no construimos muros"

 05/19/2017 - 08:26
US President Donald J. Trump (R) shakes hands with President of Colombia Juan Manuel Santos (L) during a joint news conference in the East Room of the White House in Washington, DC, USA, 18 May 2017. EPA/MICHAEL REYNOLDS

El presidente de EEUU Donald Trump dio el jueves la bienvenida a su homólogo colombiano, Juan Manuel Santos, de visita oficial en el país. Los líderes expresaron más interés en temas como la erradicación del problema de la cocaína, la lucha contra el tráfico de drogas y la crisis en Venezuela, que en el proceso de Paz en Colombia. 

Plain Text Author: 
EFE