Brexit, the economy and house prices part 5

Tromking

Another group of expert economists admitting that their predictions of Brexit calamity were a tad over egged.

http://www.dailymail.co.uk/news/article-5212079/We-got-wrong-Brexit-gloom-economists-admit.html

kabayiri

economic wrote: »

Even more reason for AI GPs to be developed. Big data can really help and can analyze statistics and data with ease and accuracy.

It's already happening.

A couple of the very early successes in the field of expert systems related to blood disorders...and this was over 30 years ago.

What is different today is the location of the proving ground. Established providers can be resistant to change, which is why some of the medical pioneers out in California are looking to India and Africa to field prove their products and ideas.

economic

ukcarper wrote: »

But plenty of people get stuck in bed and breakfast for long periods and LHA does not cover the full cost of rent in my area.

Who got stuck? Those who are unemployed? Clearly they can afford to pay the rent at the B&B. They would have received benefits to cover for this.

economic

mrginge wrote: »

It almost sounds like you think an indoor toilet is a luxury item. What free-market, cost effective alternative would you prefer?

A large communal bucket perhaps?

After all, with a bucket you can !!!! in it, wash in it and drink out of it.

Think of the money we could save eh. And people like you can still say how wonderful it is that ‘our’ poor have got buckets which is a lot better than the Somalian ‘poor’ who have a hole in the ground.

You are a disgrace.

no idea what you are trying to suggest and not sure why the apparent anger towards my post. But hope you had a very merry xmas!

economic

kabayiri wrote: »

It's already happening.

A couple of the very early successes in the field of expert systems related to blood disorders...and this was over 30 years ago.

What is different today is the location of the proving ground. Established providers can be resistant to change, which is why some of the medical pioneers out in California are looking to India and Africa to field prove their products and ideas.

Thats the problem we need to resolve, clearly it makes more economic sense in Africa for technology to improve healthcare, due to there being much more of an impact to Africans from the benefits of having a lower marginal cost of technology vs labour.

But that does not mean we in the western world shouldn't try to improve things with tech, much depends on policy and regulations and availability of capital to start projects and development.

But we have the US doing a lot vs the UK/Europe, if you look at all the big tech companies they are all based in the US and a lot of the tech startups are also based in the US. Much of the innovation is being done in the US and so even if in the UK no one does anything, the tech would come over from the US if its good enough.

ukcarper

economic wrote: »

Who got stuck? Those who are unemployed? Clearly they can afford to pay the rent at the B&B. They would have received benefits to cover for this.

People in low paid jobs and unemployed. People sometimes find themselves in situations not of thier own making. I know you think people have complete control of thier own destiny but that is not the case.

economic

ukcarper wrote: »

People in low paid jobs and unemployed. People sometimes find themselves in situations not of thier own making. I know you think people have complete control of thier own destiny but that is not the case.

Sure we will always have poor people and unemployed people and low paid people but this does mean they are suffering without food or shelter or heating. They are being provided for by the benefits system on top of any other income they may receive.

The question is should anything be done about this and by whom?

economic

ukcarper wrote: »

I know you think people have complete control of thier own destiny but that is not the case.

No i do not think this at all. In fact i think people really overestimate how much free will they really have. We are the product of our genetics and upbringing and environment. Product being who we are physically (our bodies) and mentally (our brains) such as how we think and behave.

ukcarper

economic wrote: »

No i do not think this at all. In fact i think people really overestimate how much free will they really have. We are the product of our genetics and upbringing and environment. Product being who we are physically (our bodies) and mentally (our brains) such as how we think and behave.

That being the case you appear to have a marked lack of sympathy for those who suffer from the lack of some of the above.

economic

ukcarper wrote: »

That being the case you appear to have a marked lack of sympathy for those who suffer from the lack of some of the above.

Lack of what exactly?

I feel sorry for those who do struggle. But at the same time i question is it really the economy's fault? How many poor people or unemployed people are struggling due to their own fault such as gambling addicts, lack of complete motivation, alcoholism etc?

I never said they deserve any of it. Its just the way they are. But at the same time i do not think money should be thrown at them willy nilly and i certainly do not think we have an economic problem that causes these issues.