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Want robots at McDonald's? Hike minimum wage: Zell Matthew J. Belvedere | @Matt_Belvedere Wednesday, 3 Sep 2014 Video Federal and state efforts to increase the minimum wage are misguided and pose serious risks to the economy and the job market, billionaire Sam Zell told CNBC on Wednesday. "The tinkering with the minimum wage is a very dangerous game," the chairman of Equity Group Investments said in a "Squawk Box" interview. "You start talking about a $13 or a $15 minimum wage, and you're going to have robots that are operating McDonald's."

Progress in robotics, from drones to medical applications, is starting to come at a fast clip. Do you want your robot to cook your food, or just deliver it?The days of drones filling the sky and robots roaming in our streets are not far removed from reality anymore, and scenes from movies like Star Wars, Minority Report and I, Robot will be common soon. Just consider some of the ways that robots have started to permeate our lives. Start with Amazon, which is taking to drones in a big way. The online shopping giant started a new phase in high-tech...

Killer robots programmed to open fire without human control are just a “small step” from the battlefield and military powers should agree to outlaw them, a top United Nations official has said. Angela Kane, the UN’s high representative for disarmament, said governments should be more open about programmes to develop the technology and she favoured a pre-emptive ban before it was too late. She said: “Any weapon of war is terrible, and if you can launch this without human intervention, I think it’s even worse. It compounds the problem and dehumanises it in a way. “It becomes a faceless war...

Humans have spent centuries advancing technology to the point where some jobs have been completely taken over by less expensive robots. In the future, technology will take over more and more sectors until there's nothing left. What will humans do then?

Hotel rooms for the introverts among us are an anti-social haven. Nothing beats a hot shower, followed by settling into a freshly made bed in a terrycloth robe to watch mediocre television with a glass of wine. No one bothers you and for an exquisite moment in time, you have nary a care in the world. Then the realization hits. You’ve forgotten your toothbrush at home! You’re going to have to call the snooty concierge. You’re going to have to smile and tip and say thank you. You’ll have to deal with people. The chain of hotels has introduced the...

Look out Rosie the Robot, Starwood Hotels' Aloft brand has a taskmaster of its own. His (or her?) name; A.L.O. pronounced "el-oh", the hotels' first Botlr (short of robotic butler.) Standing just under 3 feet tall, A.L.O. comes dressed in a vinyl-collared butler uniform and will soon be on call all day and night to fulfill requests from guests. Forget your toothpaste? Need more towels? How about a late-night chocolate bar? All guests of the hotel have to do is call the front desk, where staff will load up the Botlr with requested items, punch in the guest's room number...

Is the increasing automation of our economy a threat to American wages and jobs? Should the American worker fear the rise of the robots? No, not really. Eighty years ago, John Maynard Keynes warned that society faced “a new disease” of “technological unemployment” in which the “means of economizing the use of labor [were] outrunning the pace at which we can find new uses for labor.” Much more recently, Michael Strain of the American Enterprise Institute wrote about how “robot workers could tear America’s social fabric.” Strain worries that machines could eliminate the livelihoods of millions of less-skilled workers. These...

In an op-ed in The Wall Street Journal, former Treasury Secretary Lawrence Summers revived a debate I’d had with futurist Ray Kurzweil in 2012 about the jobless future. He echoed the words of Peter Diamandis, who says that we are moving from a history of scarcity to an era of abundance. Then he noted that the technologies that make such abundance possible are allowing production of far more output using far fewer people. On all this, Summers is right. Within two decades, we will have almost unlimited energy, food, and clean water; advances in medicine will allow us to live...

Newsmax Professor: Robots Are the Future of Elder Care Sunday, July 20, 2014 10:01 AM By: Sandy Fitzgerald Many older people need someone who is always there to help them with their everyday tasks, to listen to their stories, and to help them live independently — in other words, a robot caregiver, writes an associate professor of geriatrics in Sunday's New York Times. "That may sound like an oxymoron," writes the University of California's Louise Aronson in her opinion piece. "In an ideal world, it would be: Each of us would have at least one kind and fully capable human...

Has Skynet become self-aware? It seems the 'robots' that run the US equity markets (HFT/algo trading dominates what little volume there is left) have decided to cut out the middle man in the market as Associated Press reports this morning that it will employ the story-writing software by start-up Automated Insights to automate the production of U.S. corporate earnings stories. To be frank, given the copy/paste nature of most mainstream media 'analysis' of earnings, we thought this had already occurred but AP notes, "We are going to use our brains and time in more enterprising ways during earnings season." Does...

Want to build your very own robot? It turns out all you might need is a little heat. Researchers from the Massachusetts Institute of Technology (MIT) have developed 3D-printed robots that can assemble themselves together after being exposed to heat. They demonstrated how these prototypes work in two new studies, to be presented at the 2014 IEEE International Conference on Robotics and Automation held in Hong Kong next week. Using a type of polymer called polyvinyl chloride, or PVC, the research team led by Daniela Rus created two-dimensional sheets of the material and placed them between two rigid polyester films...

There are already more than 101 million working age Americans that are not employed and 20 percent of the families in the entire country do not have a single member that has a job. So what in the world are we going to do when robots start taking millions upon millions more of our jobs? Thanks to technology, the balance of power between employers and workers in this country is shifting dramatically in favor of the employers. These days, many employers are wondering why they are dealing with so many human worker "headaches" when they can just use technology to...

By 2040, cabs will be driven by Google robots, shops will become showrooms for online outlets and call centres will be staffed by intelligent droids. That’s the scenario depicted in recent research which suggests robots could be taking over our lives and jobs in less than 30 years. The competition for work caused by a rise in the robots population will see us heading to surgeons for ‘additional processing power for our brains’, they claim. We may also be requesting bionic implants for our hands that will make us able to perform tasks as fast as any machine.

Big changes are coming to the labor market that people and governments aren't prepared for, Bill Gates believes.Speaking at Washington, D.C., economic think tank The American Enterprise Institute on Thursday, Gates said that within 20 years, a lot of jobs will go away, replaced by software automation ("bots" in tech slang, though Gates used the term "software substitution").This is what he said:"Software substitution, whether it's for drivers or waiters or nurses … it's progressing. ...  Technology over time will reduce demand for jobs, particularly at the lower end of skill set. ...  20 years from now, labor demand for lots...

Mobile robots and "smart" computers are threatening to replace up to half the U.S. workforce within the next decade or two, according to a Bloomberg report. The report cites an Oxford University study that identified more than 700 occupations at risk of computer automation. Here are the jobs that are most at risk, based on the study.

The human race is on the brink of momentous and dire change. It is a change that potentially smashes our institutions and warps our society beyond recognition. It is also a change to which almost no one is paying attention. I’m talking about the coming obsolescence of the gun-wielding human infantryman as a weapon of war. Or to put it another way: the end of the Age of the Gun. ........................................................... The human race is on the brink of momentous and dire change. It is a change that potentially smashes our institutions and warps our society beyond recognition. It is...

Now that Robert Park is in the winter of his life and James Van Allen is dead, an unlikely person named Charles Seife, not a scientist but rather a professor of journalism, has taken up the banner of the jihad to destroy NASA's human spaceflight program. In an article in Slate and a later post on his personal blog, Professor Seife compared the space agency to a Panda, cute but in danger of extinction. The reason, he suggests, NASA's "fixation" on human space flight. Like Van Allen, Park, and a slew of politicians before him, Seife would see NASA's human...

The US Army is considering replacing thousands of soldiers with robots as it deals with sweeping troop cuts. A senior American officer has said he is considering shrinking the size of the Army’s brigade combat teams by a quarter and replacing the lost troops with robots and remote-controlled vehicles. The American military is still far from fielding armies of Terminator-type robotic killers, though. Ideas under discussion instead include proposals to see manned trucks and transporters replaced by supply trains of robot vehicles. Generals are studying proposals as the US Army is to slim down from 540,000 to about 490,000 soldiers...

Obama to speak on the NSA surveillance scandal from the Justice Department around 11 a.m. EST today.C-SPAN's description:The President delivers remarks at the Department of Justice presenting the outcomes of the Administration's review of U.S. signals intelligence programs. He is expected to focus on steps that increase oversight and transparency while leaving the framework of the surveillance programs in place. In addition, according to officials, the President will turn to Congress for guidance regarding the future of NSA data collection. The President’s Review Group on Intelligence and Communications Technologies recommended more than 40 suggested changes at the NSA in a...