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Obama’s New Job Initiative: Kill Jobs With Robotics

June 27, 2011 11:27 am

This has got to be the worst idea ever! How can President Obama believe that spending on robotics for the manufacturing sector can create jobs in the future?

As he discusses in his weekly address, the idea it to streamline to manufacturing process to allow America to get back what we do best. While building the robotics has the potential to create jobs now, it will be a permanent killer of jobs in the future. There is no two ways about it.

Already the surge in technology has provided lower costs for most sectors of our economy, helping to increase profits at the expense of human capital. This is just one more idea without any thought about the ramifications. Will someone please tell this administration that they have no idea what they are talking about! PLEASE!

 

 

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Written by Andrew Horowitz · Category(s) Economy, Markets    |  Tags: • •   

5 Responses to “Obama’s New Job Initiative: Kill Jobs With Robotics”

  1. Ben Dover on June 27th, 2011 5:37 pm

    This will create IT positions which then will be offshored. Either way we lose :-(

  2. guest on June 28th, 2011 10:58 am

    Obama is right. That is a great company. US has a lead in robotics now (Roomba etc.)but other countries are coming up fast. If China or Korea or Japan take the lead in making cheaper robotic systems, then the US and the rest of the world will land up buying these from them. There are just some things that are too obvious for any president to ignore.

  3. Andrew Horowitz on June 28th, 2011 11:25 am

    It is not about the company

  4. John W. Williams on July 4th, 2011 5:56 pm

    Andrew, I listen to you consistently but in the past month you have made some comments that have puzzled me.
    You made a statement about the fact that President Obama had indicated that Israel, in its negotiation with the Palestinians should consider changing its borders back to pre-1967.

    What impact would that have on me making money in the stock market? I realize it's almost impossible not to consider politics as an influence on the stock market, but you usually refrain from making political statements that don't directly impact economic factors.

    Should it be one of President Obama's key agenda items to make college training more readily available and affordable for our high school grads if America is to remain competitive in the world market place?

    Possibly I misunderstood you comments when you said, and I'm paraphrasing here, that the President keeps talking about making college more affordable.

    I really enjoy the podcasts especially when you have Frank and O'Neill on.

    John W. Williams

  5. peo company on December 21st, 2011 4:16 pm

    So many people keep crying about the rust belt and the loss of good paying union supported manufacturing plants. Our tax code is one part of the problem. the other part, as you point out, is another technological revolution. We'll still need humans to drive cargo ships, to do local slow food farming and to program the machines, that's why I'm optimistic about the future.