Rise of the Robots: Technology and the Threat of a Jobless Future (53 page)

fast food industry,
12–16
,
209
,
210

Fast Food Nation
(Schlosser),
210

Fazzari, Steven,
199
,
200
,
214

Federal Drug Administration (FDA),
150n
,
152
,
171
,
172

Federal Reserve,
218n

Federal Reserve Bank of Cleveland,
44–45

Federal Reserve Bank of San Francisco,
54

feedback effects,
206
,
208

Fernald, John G.,
265
,
266

Ferrucci, David,
99–100
,
102n
,
115

Feynman, Richard,
241
,
243

Final Jeopardy
(Baker),
96n
,
102n

financial crisis, debt and,
200
,
214
,
218–219

financial derivatives,
219

financial elite, political influence wielded by,
47–48
,
59–60

financialization,
55–57

financial sector,
55–57
,
103

Fluid, Inc.,
103

food fabricators,
180
,
246

food stamps,
201–202

Forbes
(magazine),
84

“For Big Companies, Life Is Good”
(Wall Street Journal)
,
39

Ford, Henry,
80

Ford, Henry, II,
193

Ford Motor Company,
76
,
193

401k retirement plans,
222
,
274

Foxconn,
10
,
11
,
14

fractional reserve banking,
218n

France,
24
,
41

Freeland, Chrystia,
51

freestyle chess,
122
,
123

“freeters,”
221

“Free Trade’s Great, but Offshoring Rattles Me” (Blinder),
118

Frey, Carl Benedikt,
59
,
223

Friedman, Milton,
ix
,
210–211

Friedman, Thomas,
133

The Gap,
17

Gates, Bill,
236

GDP (gross domestic product)

consumer spending and,
199

corporate profits as share of,
40
,
202
,
203

finance-related activity as percentage of,
55

GDP (gross domestic product) deflator,
38n

Genentech,
234

General Electric,
154
,
179

General Motors,
76

The General Theory of Employment, Interest and Money
(Keynes),
206

genetic programming,
108–109
,
110

Georgia Institute of Technology (Georgia Tech), MOOCs and,
134–135
,
142

Geraci, Robert,
235

Germany,
41

Ghayad, Rand,
45–46

globalization,
53–55
,
116

glucose monitoring,
159

“Goggles” feature,
22

Gold, Jenny,
164

Goldman Sachs,
56

Good Data,
107

Google,
xvi
,
121
,
236

Android system,
6
,
21
,
79
,
121

artificial intelligence and,
231

autonomous cars and,
xiii
,
94
,
182–183
,
184
,
186
,
188
,
189

big data and,
86

cloud computing and,
104
,
106

cloud robotics and,
21

glucose monitor,
159

“Goggles” feature,
22

keyword-based search algorithm,
98–99

online language translation tool,
89–90
,
130

personalized email and social response program,
93–94

profit and employee numbers,
76

revenue generation and,
76

robotics startup companies, acquisition of,
21n

Singularity University and,
234

Thrun and Norvig and,
132

Udacity,
134

YouTube acquisition,
175

Gordon, Robert J.,
65

government funding, of nanotechnology research,
242–243

government regulation of markets,
265

GPS (Global Positioning System),
209n

Grabit Inc.,
7–8

graphene nanotubes,
70n

“gray goo” scenario,
244
,
247

graying workforce,
220–223
,
224

Great Recession

corporate profits
vs.
retail sales during recovery from,
39–40
,
202
,
203

debt and,
200

increase in part-time jobs and,
49

jobless recovery and,
44–45
,
280

productivity and,
207–208

“The Great Reversal in the Demand for Skill and Cognitive Tasks” (Beaudry, Green & Sand),
127

The Great Stagnation
(Cowen),
65

Green, David A.,
127

Grossman, Lev,
111

Grossman, Terry,
235

Grötschel, Martin,
71

guaranteed income.
See
basic income guarantee

Guerrero, Vladimir,
83–84

Hacker, Jacob S.,
57

hacking, cloud robotics and,
22–23

HAL.
See
Hybrid Assistive Limb (HAL)

Hale, Galina,
54

Hamblin, James,
237

Hammond, Kristian,
85

Harvard University, edX and,
133
,
137
,
142

Harvest Automation,
24

Hawking, Stephen,
229
,
233

Hayek, Friedrich,
30
,
257–261

health care

“all-payer” rates,
167–169

big data and,
159–160

costs of and nature of dysfunctional market,
160–174

elder-care robots,
155–158

hospital and pharmacy robotics,
153–155

impact of information technology on,
145–147

industry consolidation,
165–167

percent of US economy,
146

single-payer system,
165–167
,
169

See also
medicine

health care providers, health care market and,
163–165

health insurance,
163–167

higher education

college credit and competency-based credentials,
135–139

costs of,
140–141

diminishing returns to,
250–253

investment in community colleges,
276–277

online courses,
131–135

possibility of information technology disruption of,
139–144

Highway Loss Data Institute,
185

Hinton, Geoffrey,
92–93

Hobijn, Bart,
54

hospital robotics,
153–155

household income, median,
35

House
(television program),
146

housing costs, guaranteed income and,
270

“How Did Economists Get It So Wrong?” (Krugman),
205

humanoid manufacturing robot,
5–6

human organs, 3D printing of,
180

humans

effect of automation on skills,
254

merging with machines of the future,
121–128
,
234–235

Hybrid Assistive Limb (HAL),
156–157

I, Robot
(film),
111

Iamus,
111

IBM

cognitive computing chip,
72

Deep Blue,
xiv
,
97
,
122