Interesting piece by J Lanier (who popularized the term 'virtual reality'...)

[Pleiades]

It's about the economics of hi-tech and the monetisation of data


http://www.bbc.co.uk/news/business-22658152

[TheAnimus]

We does appear to be struggling thou with the idea of remuneration based on 'value', ultimately, in the perfect market, people are only paid the minimum that they have to be, to get their services, when their services provide greater or equal value to the entity employing them.

His idea of surgery bots, having some "best" ones becoming youtube stars is a bit odd, because the things would be so incredibly easy to replicate. This would hopefully change the current system in health, were so much is at the mercy and discretion of the health professional, I always find this annoying because people tend to forget this. Often it means the best treatment is the preserve of an elite few. Having machines produce it would surely lower the cost of it, whilst increasing supply massively. What a good thing for humanity!

[Pleiades]

This would hopefully change the current system in health, were so much is at the mercy and discretion of the health professional, I always find this annoying because people tend to forget this. Often it means the best treatment is the preserve of an elite few. Having machines produce it would surely lower the cost of it, whilst increasing supply massively. What a good thing for humanity!

Definitely. Had never really thought about it before... most 'creative destruction' caused by innovation & technology tends to (initially) negatively affect the workers at the bottom end before anyone else. Will 'expert' systems and robotics cause a shake-up amongst highly paid professionals at the top end?

Bank trading is in the hands (chips?) of complex software as it is but no1 appears willing to give up the human element of highly (over) paid specialists. But both humans and machines have got things catastrophically wrong in this area in the past...