Friday 29 September 2017

Labor and Leisure



One of the current big issues with employment is the exporting of jobs. So many types of work can be done remotely: software engineering, accounting, law research, mechanical engineering and much else.  This has the effect of creating a downward pressure on domestic wages and fees because workers are competing with foreign pricing.  Many employers farm out work on a task by task basis. Most of the new jobs created in Canada last year were part-time as I recall, and that is often suggestive of temporary work.  My assessment is that there is a great deal of job insecurity, and a lot of people, mainly millennials, are stressed about whether they will have work. It’s a transitional phase of the economy I think.

Next step is guaranteed income for everyone as artificial intelligence takes over much of the workload and many humans live in leisure. I expect that this will lead to huge individual stresses. We all have a deep and wide security need.  It is satisfied by knowing we are needed and valued. Sometimes we attain that through relationships, but often through our work. People that have no work will tend to feel useless --- marginalized.  And they will feel insecure. They will need to have strong and close relationships, but many won’t have those. To me, it seems like a time of great psychological and social stress coming.

Monday 25 September 2017

Alberta Innovates


The Alberta Innovates program is an Alberta initiative to fund and coach tech development in Alberta. The program has numerous initiatives, but the one I am addressing now is its funding arm. If you are a small Alberta company developing an IP that you will own, and are having the work done by contractors or employees, this program may fund up to 75% of those  costs to the extent that they are for design and development of a prototype. There are instances in which even work done outside the country can qualify.

More About Bitcoin



This month has seen huge swings in the Bitcoin price. Up to $5000 per BTC, then down to $3000 and now up to $4000.  The dip probably had to do with the revelation of North Korea hacking South Korean bitcoin sites and stealing the coins to buy military goods.

Bitcoin is not an investment. It performs the role of money and the price is the exchange rate against the dollar. That rate has shot up in the past several months. Either the value of BTC is inflated or the dollar has collapsed. The dollar is holding well against other money (Euro, Yen, Gold, etc.), so it isn’t a matter of a collapsing dollar. BTC prices seem to have a lot of air in them.

Yes, I get that it is a matter of psychology. Prices are a function of people’s greed and fear --- the hope of rising prices versus the fear of falling prices --- and maybe I am just one of the fearful. Yet, as governments seek to control the cryptocurrency trade, I think more people will become afraid. And you know what will really stoke the fear?  A big power outage.  Try accessing your bitcoins when you have no electricity.