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Daniel Susskind- Dec 2017 "3 Myths of Automation"

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Daniel Susskind- Dec 2017 "3 Myths of Automation"

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-Do you believe that automation increases/decreases the economic "pie"? Why? Yes I do think that automation does increase the economic pie. I think this because there is a larger growth in the economy when goods can be supplies as soon as they are demanded. The machines have made it so that there is mass production and that the goods can be easily available. Although it takes away jobs from many people it has only started and there is a lot more profit from it because things can happen much quicker.
-Have economists fallen victim to the "intelligence myth"? Does it matter either way?  Yes I think people have fallen to the intellegence myth because there are many machines and apps who can do the same things. They will not nessisarily happen in the same way because machines will
-Machines can substitute/ complement human beings. In your opinion... should productivity be sacrificed so that people can have work? Explain your thinking.
Yes I think that some productivity should be sacrificed in order to
**Bonus= have we solved the "economic problem"?

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Ethan McArtheur 2015- Sailing around the world

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Ethan McArtheur 2015- Sailing around the world

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Curtis Carroll- 2016 "How I learned to read- and trade stocks- in prison." 

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Curtis Carroll- 2016 "How I learned to read- and trade stocks- in prison." 

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- 60% of the US public has less than $1,000 in savings. To what extent is the US economy system to blame?
I think that the U.S. economy is not that largely to blame because the economy is a part of life and inflation will happen and people are fully aware of this. I think that inflation is not to blame for not having money because inflation doesn’t make the amount of money you have go down, only what it is worth in the real world I think that they are more personally to blame because they spend money on wants rather than all of their needs and that if they did put money into their savings many take it back out when they want money.
- 50% of US population is considered to be financially illiterate. How would you fix this issue? does it need a solution?
I think that there can be classes on the economy much like this one but that is also more directed towards people who are adults and struggling in the workplace and the economy. They should have avaiibility to those who want it and those who are lost with what to invest in and dealing with money. I think that it is important for everyone to have an opportunity in the work place and the economy and so
- To what extent do you believe financial stability is possible for an individual 18-24 in the U.S.? I believe that it is very possible for young people to be financially stable. I do realize that many of them may be struggling with college debt but that can be payed out over the years and I believe that if they get a steady job then they could be able to take part in the economy. I also think that if they were to save instead of go out and spend on family friends and clothes then they would be better off. I do think that they should save and that there are many ways that they could be doing better than they are at the moment.

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CE Friday: “The ‘Death’ of the American Mall”

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CE Friday: “The ‘Death’ of the American Mall”

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-Could this “experience” philosophy work to “save” the New England based malls?
Yes I think that it could help with the New England based malls because we have many immigrants and making the malls similar to their old countries. It could make it more familiar for them and so they will be more comfortable. I also think that if they brought in more entertainment then there will be more people who will go because in our harsh winters there are not many options of where to hang out. There are not tons of indoor places for an entire winter if you don’t want to go skiing. I think that to make it a more of an entertainment will defiantly attract more people. Even now there are always tons of kids on the play area all the time and if there is more activities that many more people will come and possible shop more.
- Do you believe that outlet/discount options can combat online shopping?
No I do not think that the discount options can combat the online shopping because online you can also get the lowest prices and coupons. There is no point to go to a store. The only time the outlet stores might be good is if materials that you wanted are now in the outlet for cheaper prices than online. Also sometimes when businesses go out of business then they can have a very high sale where things are almost free and in these instances then they might do better. But online is so much easier especially when you already know your size there is no reason to go to the store when the prices are cheaper online and you can get the same good coupons.

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Scott Galloway: October 2017 "How Facebook, Amazon, and Google Manipulate our Emotions."

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Scott Galloway: October 2017 "How Facebook, Amazon, and Google Manipulate our Emotions."

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-GDP of these companies has outpaced India, should these companies be regulated?or should they "power" like India, China, etc.?
They want the shareholders to be happy not the people like the government wants. They only represent themselves and therefore should not have much power because unlike the government where about all of its people, it only is for itself and the betterment of itself. I therefore think that they should be regulated becauae they should not be able to progress so much that they could possible hurt other companies. I think that it is important that one company does not over power and it is better for the peiople to have the companies do what is good for the people rather than only the betterment of the shareholders.

-Behavioral economics is one of the fastest growing economic sector for large companies. Do you believe that behavior economics takes advantage of the consumer? Yes because it is a large part
-64 billion has been paid by Walmart in taxes. Is this burden too much or too little? why? other peopel say too little I think that this is too much because just because this company is doing so well doesn't mean that they need to pay all the money back to the government. In comparison to amazon which only payed 1.4 billion they will clearly have an upper hand because not nearly as much of their money goes to taxes and in turn they have more profit and it is much easier for them to grow as a company when not being taxed nearly as much. It makes an unfair advantage in the business place.
-Comment on job loss or small business closings as it relates to these topics. I think that the job loss

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-We should balance the need for economic growth with the reality of limited/finite resources as we try and limit the pollution that we cause. We feel the need to keep growing economically and we can but we need to be careful of the resources and figure out other ways to do things. We need to make sure that we don't use up all resources when someday they will be necessary to have. Our wants need to come second to our needs and make sure that we only grow economically if our needs are being satisfied. If there was a choice between economic growth and our needs the needs would be more important to support.
-I think that according to economic analysis that it is better to be proactive, economic policies can make a large change. I think that the policies that they put forth can make a change because they are what drive the economy forward and effect the people.
- The relationships are very closely related the government has to be in terms connected with the economy so that both ideal line up correctly. I think nationally it is important so that trade and the economic means are similar in their goals. I think that the local may differ because of different tribes which still rely on hunting and gathering but for the most part everything is very connected to the government.
-Yes I think that it is dependent on big industry because you can see in many countries when a certain resources' price drops so does their economy because they are the one supplying it. I also think that you can see it even in the United States when gas prices rise and fall the economy rises and falls also because for us it is good when gas is low and helps us but for the producers it is not good at all.

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- "Better off" to me means that you can live comfortable with money and that you make more then previous family members. I think that it means that people also have a good support system and a good education. If you have a good education then you are better off because chances are the job that you get will be better.
-I think that a nations growth/satisfaction should be measured  because it can be used to see where we have economically and what was happening at the world at this same time. I think that the satisfaction shuld be measured by the people and they could tell the government how they were feeling about their position. The growth would be easier to get the statistics for by looking at the economy at the time.
-A solution to the poverty rate I would say that people should start out young and get a job. If they had jobs they wold at least have a steady income even if they spend it right away. I would suggest that people shoud not be on drugs because when they are then they do not have the same judgement and can not hold a job and irrationally spend their money. I woud also suggest the education be essential. They should finish highschool and try and get to college.
-I do not think that it should become a reality because I think that people should want to work and that they should get the money that they work hard to earn. I think that if one person tries very hard for what they earn and have a higher position then they should get the money that is higher up.

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-I think that the industry should have some regulations about how the prices rise and that they should not let some people sell the sneakers at too high of a price or they will not be able to have a true value of the sneaker. I do think that there shouldn't be regulation on the ways that people get the sneakers and resell them because many people do this as a hobby but also to make money.  I also think that in order for the market to work well than the draw is important because it is  easier for them to have the market thrive.
- I think that sneakers could be an investment opportunity because it seems like the prices only rise by what the data in the Ted Talk was saying. I think that if you know how the sneaker market works well and understand how to sell properly it would be a good investment.
-I don't think that Nike is manipulating it unfairly I just think that they are using it to their benefit. I think that it is a smart marketing strategy that makes it better for them to sell out.