Search Results for: Economist

How the Emperor Became Human (and MacArthur Became Divine)

The sun goddess Amaterasu, the divine ancestor of the Emperors of Japan, emerging from a cave. Via Wikimedia Commons.

Victor Sebestyen | 1946: The Making of the Modern World | Pantheon Books | November 2015 | 23 minutes (6,202 words)

Below is an excerpt from 1946, by Victor Sebestyen, as recommended by Longreads contributing editor Dana Snitzky.  Read more…

The Lost Summer

Elissa Strauss | Longreads | August 2015 | 15 minutes (3,841 words)

 

Below is the story of a single mother and her daughter. Names and certain identifying details have been changed to protect their identities.

 

* * *

OLYMPIA

By the time Olympia picked up her 6-year-old daughter Raina from the babysitter she was tired. She works a 10-hour day satisfying the various needs of two young siblings in Brooklyn’s affluent neighborhood of Cobble Hill, shepherding them to and from various classes, camps and playdates, making sure they get food when hungry, rest when tired and are properly stimulated when bored. Read more…

What Happens When We Run Out of Jobs?

After 300 years of breathtaking innovation, people aren’t massively unemployed or indentured by machines. But to suggest how this could change, some economists have pointed to the defunct career of the second-most-important species in U.S. economic history: the horse.

For many centuries, people created technologies that made the horse more productive and more valuable—like plows for agriculture and swords for battle. One might have assumed that the continuing advance of complementary technologies would make the animal ever more essential to farming and fighting, historically perhaps the two most consequential human activities. Instead came inventions that made the horse obsolete—the tractor, the car, and the tank. After tractors rolled onto American farms in the early 20th century, the population of horses and mules began to decline steeply, falling nearly 50 percent by the 1930s and 90 percent by the 1950s.

Humans can do much more than trot, carry, and pull. But the skills required in most offices hardly elicit our full range of intelligence. Most jobs are still boring, repetitive, and easily learned. The most-common occupations in the United States are retail salesperson, cashier, food and beverage server, and office clerk. Together, these four jobs employ 15.4 million people—nearly 10 percent of the labor force, or more workers than there are in Texas and Massachusetts combined. Each is highly susceptible to automation, according to the Oxford study.

Technology creates some jobs too, but the creative half of creative destruction is easily overstated. Nine out of 10 workers today are in occupations that existed 100 years ago, and just 5 percent of the jobs generated between 1993 and 2013 came from “high tech” sectors like computing, software, and telecommunications. Our newest industries tend to be the most labor-efficient: they just don’t require many people. It is for precisely this reason that the economic historian Robert Skidelsky, comparing the exponential growth in computing power with the less-than-exponential growth in job complexity, has said, “Sooner or later, we will run out of jobs.”

—In “A World Without Work,” Atlantic senior editor Derek Thompson argues it’s time to plan for a future in which machines, from driverless cars to operating room robots, do most of our current jobs.

Read the story

How Apple’s Transcendent Chihuahua Killed the Revolution

Wreckage of the Zeppelin LZ4 after the crash in Echterdingen. Photo: Wikipedia Commons

Ian Bogost | from The Geek’s Chihuahua | University of Minnesota Press | April 2015 | 22 minutes (5,539 words)

 

The following is an excerpt from Ian Bogost’s book The Geek’s Chihuahua, which addresses “the modern love affair of ‘living with Apple’ during the height of the company’s market influence and technology dominance,” and how smartphones created a phenomenon of “hyperemployment.”

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Think back to 2007, when you got the first iPhone. (You did get one, didn’t you? Of course you did.) You don’t need me to remind you that it was a shiny object of impressive design, slick in hand and light in pocket. Its screen was bright and its many animations produced endless, silent “oohs” even as they became quickly familiar. Accelerometer-triggered rotations, cell tower triangulations (the first model didn’t have GPS yet), and seamless cellular/WiFi data transitions invoked strong levels of welcome magic. These were all novelties once, and not that long ago.

What you probably don’t remember: that first iPhone was also terrible. Practically unusable, really, for the ordinary barrage of phone calls, text messages, mobile email, and web browsing that earlier smartphones had made portable. And not for the reasons we feared before getting our hands on one—typing without tactile feedback wasn’t as hard to get used to as BlackBerry and Treo road warriors had feared, even if it still required a deliberate transition from t9 or mini-keyboard devices—but rather because the device software was pushing the limits of what affordable hardware could handle at the time.

Applications loaded incredibly slowly. Pulling up a number or composing an email by contact name was best begun before ordering a latte or watering a urinal to account for the ensuing delay. Cellular telephone reception was far inferior to other devices available at the time, and regaining a lost signal frequently required an antenna or power cycle. Wireless data reception was poor and slow, and the device’s ability to handle passing in and out of what coverage it might find was limited. Tasks interrupted by coverage losses, such as email sends in progress, frequently failed completely.

The software was barebones. There was no App Store in those early days, making the iPhone’s operating system a self-contained affair, a ladleful of Apple-apportioned software gruel, the same for everyone. That it worked at all was a miracle, but our expectations had been set high by decades of complex, adept desktop software. By comparison, the iPhone’s apps were barebones. The Mail application, for example, borrowed none of its desktop cousin’s elegant color-coded, threaded summary view but instead demanded inexplicable click-touches back and forward from folder to folder, mailbox to mailbox. Read more…

‘I Would Prefer Not To’: The Origins of the White Collar Worker

Photo via simpleinsomnia

Nikil Saval | Cubed: A Secret History of the Workplace | Doubleday | April 2014 | 31 minutes (8,529 words)

 

Below is an excerpt from the book Cubed, by Nikil Saval, as recommended by Longreads contributor Dana Snitzky.

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I have known the inexorable sadness of pencils…

—Theodore Roethke, “Dolor”

The torn coat sleeve to the table. The steel pen to the ink. Write! Write! Be it truth or fable. Words! Words! Clerks never think.

—Benjamin Browne Foster, Down East Diary (1849)

They labored in poorly lit, smoky single rooms, attached to merchants and lawyers, to insurance concerns and banks. They had sharp penmanship and bad eyes, extravagant clothes but shrunken, unused bodies, backs cramped from poor posture, fingers callused by constant writing. When they were not thin, angular, and sallow, they were ruddy and soft; their paunches sagged onto their thighs. Read more…

Why the World Is Betting on a Better Battery: A Reading List

Photo from the Henry Ford Collection, via Ford

Nick Leiber | Longreads | March 2015

 

The first battery, a pile of copper and zinc discs, was invented more than 200 years ago, ushering in the electric age. Subsequent versions led to portable electronics, mobile computing, and our current love affair with smartphones (1,000 of which are shipped every 22 seconds). Now batteries are powering electric cars and storing electricity produced by solar cells and windmills, but they don’t last long enough and are too expensive for either use to really go mainstream. To cut the cost, Tesla plans to double the world’s production capacity of the popular lithium-ion battery with its forthcoming $5 billion battery manufacturing plant in the Nevada desert. Tesla’s idea is to use economies of scale to lower prices. Meanwhile, other companies and many industrialized countries, including China and the U.S., are racing to develop batteries that are more advanced than Tesla’s. They’re betting billions that breakthrough battery technologies will help create new industries, juice existing ones, and wean us off fossil fuels because we’ll be able to use the sun and wind in their place. Here is a book, a documentary, and five stories on our battery-powered future. Read more…

The Twisted History of Your Favorite Board Game

Jessica Gross | Longreads | March 2015 | 16 minutes (4,113 words)

 

Mary Pilon spent several years reporting on finance for the Wall Street Journal, and several more reporting on sports for The New York Times. In her first book, The Monopolists: Obsession, Fury, and the Scandal Behind the World’s Favorite Board Game, Pilon debunks the myth—long perpetuated by Parker Brothers—that Monopoly was invented by a man named Charles Darrow during the Great Depression. Really, three decades prior, a woman named Lizzie Magie had created The Landlord’s Game, an obvious ancestor. A surprising twist: Lizzie’s game included a set of rules that was anti-monopoly, in which the object was to spread wealth around. In the 1970s, a professor named Ralph Anspach unknowingly carried Magie’s torch by creating a game called Anti-Monopoly, which rewarded players for trust-busting. It was via a very long lawsuit with Parker Brothers that Anspach unearthed the game’s buried history—and through reporting on a wholly unrelated article that Pilon became aware of it. I spoke with Pilon by phone about this complex, multi-layered story, her reporting and writing process, and the surprising Monopoly tricks she discovered. Read more…

A Three-Part Series on the Plight of the Black Middle Class in America

In January The Washington Post published a powerful three-part series looking at the plight of the black middle class in America. The series focuses on Maryland’s Prince George’s County—the most affluent majority-black county in America, as well as one of the counties hit hardest by the foreclosure crisis. At the heart of the series is a singular, vexing question: “Why don’t black middle-class families enjoy the same level of economic security as their white counterparts?”

1. “The American Dream Shatters in Prince George’s County” (Michael A. Fletcher, January 24, 2015)

“But today, the nation’s highest-income majority-black county stands out for a different reason — its residents have lost far more wealth than families in neighboring, majority-white suburbs. And while every one of these surrounding counties is enjoying a strong rebound in housing prices and their economies, Prince George’s is lagging far behind, and local economists say a full recovery appears unlikely anytime soon.”

2.“In Fairwood, Dreams of Black Wealth Foundered Amid the Mortgage Meltdown” (Kimbriell Kelly, John Sullivan, Steven Rich, January 25, 2015)

“On some blocks in Fairwood, nearly every house went under. On Burkes Promise Drive, an arcing street of broad lawns, 20 of the 34 homes fell into foreclosure. Neighbors awoke each day to the tell-tale signs: rental trucks in driveways and piles of old furniture, strollers and garbage bags dumped on the curbs.”

3. “Distressed Family Swamped by an Underwater Home” (Kimbriell Kelly, January 26, 2015)

“A decade ago, Comfort and Kofi were at the apex of an astonishing journey they had made from Ghana in 1997, when they had won a visa lottery to come to America. They did not know it at the time, but they were also at the midpoint in their odyssey from American Dream to American Nightmare.”

The Post has also provided a short explanation of how they gathered and analyzed their data, which can be found here.

This Is Living

Illustration by Kjell Reigstad

Charles D’Ambrosio  | Loitering | November 2014 | 25 minutes (5,836 words)

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Loitering: New & Collected EssaysFor our latest Longreads Exclusive, we are delighted to share “This Is Living,” an essay from Charles D’Ambrosio’s Loitering: New & Collected Essays, published by Tin House. Subscribe to Tin House and check out their book titles. Buy the book

I was seven and had a leather purse full of silver dollars, both of which, the purse and the coins, I considered valuable. I wanted them stored in the bank. At the time, the bank had an imposing landmark status in my map of the world, in part because it shared the same red brick as the public school, the two most substantial buildings in our town. As a Catholic school kid I did a lot of fundraising in the form of selling candy bars, Christmas stamps and fruitcakes, and my favorite spot for doing business was outside the bank, on Friday afternoons, because that was payday. Working men came to deposit their checks and left the bank with a little cash for the weekend. Today, that ritual is nearly gone, its rhythms broken, except for people on welfare, who still visit banks and pack into lines, waiting for tellers, the first of every month. But back then I’d set my box of candy on the sidewalk and greet customers, holding the door for them like a bellhop. Friends of mine with an entirely different outlook on life tried to sell their candy at the grocery store, but I figured that outside the supermarket people might lie or make excuses, claiming to be broke; but not here, not at the bank, for reasons that seemed obvious to me: this was the headquarters of money. Most of the men were feeling flush and optimistic, flush because they were getting paid and would soon have money in their pockets, optimistic because the workweek was over and they could forget what they had done for the money. On their way in I’d ask if they wanted to buy a candy bar and they’d dip a nod and smile and say with a jaunty promissory confidence that I should catch them on the way out. And I did. I sold candy bars like a fiend. Year after year, I won the plastic Virgin Marys and Crucifixes and laminated holy cards that were given away as gifts to the most enterprising sales-kids at school. I liked the whole arrangement. On those Friday afternoons and early evenings, I always dressed in my salt-and-pepper corduroy pants and saddle shoes and green cardigan, a school uniform that I believed made me as recognizable to the world as a priest in his soutane, and I remember feeling righteous, an acolyte doing God’s work, or the Church’s. Money touched everyone in town, quaintly humanizing them, and I enjoyed standing outside the bank, at the center of civic life. This was my early education into the idea of money. Read more…

Your Inner Drone: The Politics of the Automated Future

Nicholas Carr | The Glass Cage: Automation and Us | October 2014 | 15 minutes (3,831 words)

 

The following is an excerpt from Nicholas Carr‘s new book, The Glass Cage. Our thanks to Carr for sharing this piece with the Longreads community.  Read more…