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Five years ago, Marketplace explored how machines, robots and software algorithms were increasingly entering the workforce in our series "Robots Ate My Job." Now, we're looking at what humans can do about it with a new journey to find robot-proof jobs. The research and development budget for the Department of Defense was $71 billion in 2016. Compare that to the Department of Labor, which was roughly $4 million. That's a statistic Thomas Kalil, former deputy director for technology and innovation at the White House Office of Science and Technology Policy, wants Americans to reflect on.  "There's not a group at the Department of Labor who's saying, 'How could we take advances in artificial intelligence and figure out how [they] would be used to reduce the time for a non-college educated worker to gain a skill that is a ticket to the middle class?'" said Khalil, now an entrepreneur-in-residence at University of California, Berkeley, after leaving his post at the end of the Obama administration. While others advocate for a universal basic income to offset lost wages due to automation or a tax on robots taking people's jobs, Kalil believes the government should work with the brightest minds and companies to invest massively in new ways to help workers adapt to a workforce that increasingly includes algorithms, software and machines doing the work humans used to.  Related Quiz: Which jobs will and won't survive a robot takeover? What universal basic income could mean for the future of work Former Treasury Secretary Lawrence Summers says taxing robots makes no sense Kalil pointed to a pilot Navy training program run several years ago by Defense Advanced Research Projects Agency (DARPA), the same agency that invented the internet. "The problem that they were trying to solve is could they reduce the time required for new Navy recruits to become an expert in a technical subject," said Kalil, "and reduce that time from years to months." The Navy needed a lot of people to learn information technology systems administration in order to deal with computers blacking out at sea. DARPA, along with a Silicon Valley firm called Acuitus, studied the optimal relationship between a teacher and student and developed a one-on-one artificial intelligence system to supplement human instructors.  "You know, if everyone had their own Socrates," Kalil said, "the [system] can figure out how to keep you on the knife-edge between you being bored because the problem is too easy and you being frustrated because the material is too hard." Not only that, but the computer also figured out a way to help students when they got stuck, with just the minimum hint necessary for them to figure it out themselves. Early evaluations of the program, called Education Dominance, were very promising.   "After four or five months, these new Navy recruits were outperforming people who had been with the Navy for seven to 10 years," Kalil said. That's just one program, but Kalil's broader point is there might be a way to apply advances in technology to smooth the disruption it brings to the job market. "The private sector is underinvesting because they might not see an immediate opportunity," Kalil said, "and the agencies that are responsible for worrying about these issues, like the Department of Labor, like HUD, we've never said, 'Hey, you should have a research arm that could do for economic and social mobility what DARPA's does for the military or what NIH does for biomedical research.'" A moonshot research project is one idea for adjusting to the teched-up labor market of the future. Another idea comes from Harvard economist Richard Freeman. He proposes getting more people to own the robots. In other words, what if workers had an ownership stake in the machines taking their jobs?  "One of the things that has happened in last 20 to 30 years is the share of income that goes to capital has increased and the share of income that goes to labor has fallen," Freeman said. "We have to do something to change that if we're going to allow normal working people's living standards to go up."  Freeman thinks fighting the machines, in essence fighting technological progress, makes little sense. "The best thing is [the workers] should become capitalists in some sense and own part of it." Freeman suggests creating incentives for workers to buy stock and for companies to pay their workers in stock. The idea is stocks will go up as companies get more profitable from new technology. If workers become shareholders, they can benefit along with company owners from these productivity gains.  "You certainly would want to have shares not only in the company that you are working at, that's always risky, you'd want to have a broad-based set of shares," Freeman said. "About 10 percent of American workers are in employee stock ownership plan companies, and many high-tech firms have either profit sharing and ownership schemes or stock option plans." Freeman said this payment model has been shown to make employees work harder and smarter while also giving them a protection if their wages don't rise due to technological or other reasons. Like any big idea, it will require a big change in our laws and in our culture — a change that we might not yet be ready to make.  Interested in other ways to "Robot-Proof" the American workforce? Listen to our special podcast and check out the most and least automatable jobs in America.

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Authored by Daniel Lang via SHTFplan.com, It’s difficult to quantify how much of an effect ISIS has had our collective psyches. Since this organization started making the news several years ago, we’ve been inundated with utterly horrifying stories about ISIS on a nearly daily basis. These people do things that are so wicked, it’s hard to believe that they were committed by human beings. Because of that, I suspect that long after ISIS is gone, their organization will be a

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To our complete 'shock,' a federal judge in San Francisco has just blocked Trump's Executive Order intended to withhold funding from communities that limit cooperation with U.S. immigration authorities.  The basis of the finding is that only Congress, not the president, has authority to attach new conditions to federal spending. "The Constitution vests the spending powers in Congress, not the President, so the Order cannot constitutionally place new conditions on federal funds.

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In June last year, we wrote that the price of platinum was going to go up. And it did: By 18 percent over the next seven weeks.   Now, after the price of platinum has fallen again, an almost identical […] The post Why this precious metal could rise in price – sharply and soon appeared first on ValueWalk.

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So what do you do when a massive student loan bubble results in crippling leverage for an entire generation of your population rendering them financially unqualified to obtain mortgage financing and their 'God-given right' to a slice of the 'American Dream'?  Well, you simply change the rules to allow mortgage lenders to ignore all that pesky student debt...anything less would simply be evil and potentially racist, sexist and all sorts of other -ist words. Luckily, Fannie Mae is right on

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As we covered a few days ago, looking just at the manufacturing PMIs it is clear that the Eurozone economy is looking much stronger than that of the US.  So here’s a closer look at the surveys.  Sometimes you see […] The post Eurozone vs USA, whose economy is doing better? appeared first on ValueWalk.

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Authored by Mike Krieger via Liberty Blitzkrieg blog, The last thing I ever wanted to do was write about France’s likely next president, Emmanuel Macron, but here we are. This post was inspired by a very telling Financial Times article sent to me by a reader, but we’ll get to that in a bit. Most Americans paying attention to global affairs have some conception of his opponent, nationalist firebrand Marine Le Pen, but Macron is likely to be very much a black box. I hope

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CSI Compressco LP (CCLP) surprised many income investors last week when it announced a 50% cut to its distribution, sending its stock price tumbling by nearly 20%.   The company has been in business for more than 45 years and paid […] The post CSI Compressco appeared first on ValueWalk.

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In a 'Crocodile Dundee-esque' show of "that's not a nuclear missile... this is a nuclear missile" one-upmanship, US military personnel will test fire the deadly (unarmed) Minuteman III intercontinental ballistic missile between 12:01 and 6:01 a.m. tonight from the north end of the Vandenberg Air Force Base near Lompoc in California. Col John Moss, 30th Space Wing commander, will oversee the launch of the long range missile, saying: "Team V is once again ready to work

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A major gold mining insider just revealed that one of Asia’s richest men, billionaire Li Ka-shing is now very actively in the process of acquiring gold related assets and PHYSICAL gold like never before: Subscribe for Free to the SD YouTube Channel  On Sale At SD Bullion The post INSIDER REVEALS: CHINA’S TOP BILLIONAIRE WANTS PHYSICAL GOLD NOW! appeared first on Silver Doctors.

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sanctuary cities ban over-ruled – judge Agrees With Law Prof: It’s Probably Unconstitutional, and a Largely Empty Threat Federal judge William Orrick III of California has issued an order blocking enforcement of part of a threat by the Trump administration […] The post Judge Blocks “Toothless” Threat to Sanctuary Cities appeared first on ValueWalk.

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On Wednesday, the President will reveal a "broad-stroke" vision on his tax reform plan. Coutest of Citi and various media sources, here is a detailed cheatsheet of what is known, what remains unknown and what has been leaked. All the latest: Tax reform, shutdown, protectionism & Fed buzz To keep the Administration tax reform priorities live amid Congressional budget shutdown aversion negotiations, President Trump has signaled the release of a preview of the pending June OMB budget, this

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As China approaches “the biggest change in political governance since the Cultural Revolution,” what does this mean for stability and commodity prices? Chinese economic growth is expected to moderate to various degrees. With Macquarie commodities analyst Colin Hamilton looking at […] The post Two-tier Commodity Pricing Ahead appeared first on ValueWalk.

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Authored by Thaddeus Howze via Medium.com, For the sake of this essay, feudal economic models imply the idea that a very tiny segment of the society is fantastically rich while the bulk of society works hard, has few choices about the work they do, and tend to be poorly compensated for their efforts. feu·dal·ism: noun, historical the dominant social system in medieval Europe, in which the nobility held lands from the Crown in exchange for military service, and vassals were in turn

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The Chinese and U.S. stock markets are going in opposite directions, as an intensifying crackdown against leverage has slammed the recently 'stable' Shanghai Composite over the past week, erasing all post-Trump gains. The relatsionship between the two markets is the weakest since August 2008 - just before the collapse of Lehman unleashed chaos on the global financial system. Bloomberg reports that given how mainland stocks have become increasingly linked to global markets, however,

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Several months ago, when it was still conventional wisdom that Trump wanted to replace Janet Yellen - at least until Trump's famous WSJ interview in which he flipped on this and various other issues - with a hawk once her turn runs out in 2018, the financial punditry was busy coming up with potential replacement names, a practice which gradually faded away once it emerged that Trump may well keep Yellen. That changed today when in a note by Beacon Policy Advisors, a new name emerged which

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Authored by Darius Shahtahmasebi via TheAntiMedia.org, In June 2014, around the time ISIS was making headlines across the world, the Wall Street Journal reported that the terror group had 4,000 fighters in Iraq. In September 2014, the CIA released an estimate claiming ISIS had between 20,000 and 31,500 fighters combined in both Iraq and Syria, including 15,000 who were foreign fighters. Almost half were foreign fighters? That’s some organic uprising taking place in Syria. One month

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On the surface, the picture for Chinese banks is improving, particularly for larger banks. Delinquent loan ratios are down as are “special mention” modification cases and loan loss reserves look positive, an April 19 Moody’s report pointed out. The story […] The post Moody’s Sounds Alarm On Smaller Chinese Banks appeared first on ValueWalk.

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Last night the president backed off his demand that any deal to fund the federal government include money to start construction on his border wall. At an event with conservative journalists, Trump said he's okay waiting until September to have this fight....Even after he realizes the border wall is infeasible, he is unlikely to ever acknowledge it publicly because it was such a central rationale of his candidacy. "I will build a great wall," Trump promised in his June 2015 announcement speech. "And nobody builds walls better than me, believe me. ... And I will make Mexico pay for that wall.
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