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Op-ed: Why everything that can be automated, should be automated: Levi Strauss CFO — Harmit Singh,

Summary:
No-brainer. Increased efficiency and productivity, lower costs, and standardized production. The Luddite argument doesn't apply since jobs that can be automated and robotized are "shit jobs" that machines should be doing rather than people, whose time can be put to better use. Paid leisure is a better use but there are a lot of other substitutes for "shit jobs." Of course, this would require re-configuring the system, which is both an economic and political matter, but it is doable.NetNet CNBCOp-ed: Why everything that can be automated, should be automated: Levi Strauss CFOHarmit Singh, Executive Vice President and Chief Financial Officer at Levi Strauss & Co. Singh is a member of the CNBC Global CFO CouncilSee alsoProject SyndicateA Second Chance for Global DevelopmentRebeca

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No-brainer. Increased efficiency and productivity, lower costs, and standardized production. The Luddite argument doesn't apply since jobs that can be automated and robotized are "shit jobs" that machines should be doing rather than people, whose time can be put to better use. Paid leisure is a better use but there are a lot of other substitutes for "shit jobs." Of course, this would require re-configuring the system, which is both an economic and political matter, but it is doable.

NetNet CNBC
Op-ed: Why everything that can be automated, should be automated: Levi Strauss CFO

Harmit Singh, Executive Vice President and Chief Financial Officer at Levi Strauss & Co. Singh is a member of the CNBC Global CFO Council

See also

Project Syndicate
A Second Chance for Global Development
Rebeca Grynspan, former vice president of Costa Rica and now Secretary-General of the United Nations Conference on Trade and Development

Also at PS

Overemphasis on RCT's maybe, but the idea of pilots and testing in policy-making is sound. Oh, and China does it. In the US and most other democracies, policy-making is political, meaning ideological rather than evidence-based.

Who's Afraid of Evidence-Based Policymaking?
Ori Heffetz, Professor of Economics at Cornell University and the Hebrew University of Jerusalem, and John A. List, Professor of Economics at the University of Chicago.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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