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John Straw
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The Internet of Things blog is now live on https://www.ibm.com/blogs/internet-of-things/
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Just found an interesting new blog on IoT from IBM - http://ibm-iot-blog.com/
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And here's my new IoT Security magazine https://flipboard.com/@johnstraw3l0k/iot-security-news-3okt0ra3y
By John Straw | A digest of Internet of Things security coverage, news and commentary
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View a property with VR without high pressure sales techniques iDisrupted Commentary Not the most popular people in the world, realtors/estate agents are about to get augmented then replaced  by virtual reality. . . the ability to go and visit a…
View a property with VR without high pressure sales techniques iDisrupted Commentary Not the most popular people in the world, realtors/estate agents...
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A weapon of mass destruction we create then kills us? iDisrupted Commentary We’ve talked about the risks of playing with gene editing through a new platform called CRISPR before – now we’re not the only ones. From MIT Review: “Director of National…
A weapon of mass destruction we create then kills us? iDisrupted Commentary We’ve talked about the risks of playing with gene editing...
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Technonomy is the new technology+economics model we need to embrace

In 2014, in the city of Seattle, home of Microsoft and where Meg Ryan once had a problem sleeping, a $15 an hour minimum wage was announced. But for the city’s army of freelancers, things are not so simple. And for Uber drivers, a $15 an hour wage may feel like a pipe dream.
Economic theory says that wage is a function of the marginal physical productivity of labour. But how do you value output? Answer: the markets decide. And if the market decides an hourly rate that is less than $15 an hour, then that is what is paid.
Uber has particular issues. For one thing there are the costs each Uber driver must bear. There is fuel, insurance, the commissions paid to Uber itself, not to mention the cost of the car a driver is using. So it makes things devilishly difficult to quantify. Even if you wanted to set a minimum fare for Uber drivers to ensure they get their $15 an hour, it is not so easy working out what the fare should be.
In any case, there is another problem faced by all freelancers, dead time. Even if Uber drivers did earn $15 an hour net of costs while they were driving, they are not going to be paid while they are idle, waiting for a booking. As a consumer, you want there to be plenty of capacity, you don’t want to have to wait too long for your taxi. But for this to happen, it means by definition that drivers are not busy all the time.
For Uber drivers to truly receive a wage equal to the Seattle minimum wage they need to receive a fee that is not only $15 an hour greater than their costs, but one that covers them for slack time.
For this reason, Seattle City Council have passed rules allowing Uber drives to unionise.
But rules granting union power to employees do not provide the answer.
Uber, like many services such as ‘peopleperhour’, that enable freelancers to sell their services via the internet, calculates price and wage by algorithm. It matches demand and supply with a degree of precision once impossible. It is the embodiment of economic forces working the way text books say they do.
And when the algorithm is boss, there is no room for judgments on fairness, on humanity. Rewards are set according to the forces of the markets.
Ever since the subject was first defined, and the likes of Adam Smith, David Ricardo and Leon Walrus provided the theoretical foundations to economics, critics have been legion. They say that economic theory assumes a degree of rationality to us humans that simply does not exist. If you like, you could say that economic theory believes in the concept of Homo Economicus. But Homo Sapiens are not like that.
In the brave world of the sharing economy and freelancer services online, where algorithms rule, the world looks different. Maybe we need to look beyond economics to the study of the technonomy.
In some ways the world is closer to a Walrasian utopia, but whether Thomas More, who penned the book Utopia, published in 1516, would recognise it as such, is quite a different matter.
The riddle of the technonomy: if technology destroys jobs, how will it grow?

https://www.linkedin.com/pulse/technonomy-new-technology-economic-model-we-need-embrace-john-straw?published=u
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Mattel driving disruption in the toy market (!) iDisrupted Commentary Last year we got an AI Furby like toy that connected to IBM Watson AI computer. This year already we have a 3D printer for children – just announced by Mattel. In 2015 we also saw a IoT…
Mattel driving disruption in the toy market (!) iDisrupted Commentary Last year we got an AI Furby like toy that connected to IBM...
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Now Silicon Valley now wants to control your orgasms – then add the Internet of Things. . . iDisrupted Commentary We were tickled by this one, and we’ve touched on it before, (OMG this is a terrible post to have to write, my partner is killing herself…
Now Silicon Valley now wants to control your orgasms – then add the Internet of Things. . . iDisrupted Commentary We were...
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Introduction
Internet marketing entrepreneur in the UK and USA. Pioneered SEO in the UK in 2000, sold SEO market leader Netrank in 2008. Started SEO platform business Linkdex in 2008 with £1.5m in VC.

Chairman, Thomas Cook Digital Advisory Board
Advisor, Investor, www.ctrlio.com
Chairman, Investor, www.cloudfind.com
Founder, Director, www.linkdex.com
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Still boxing at 56
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  • Henry Fanshawe
    1976 - 1979
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Antonio treated me for several years dealing with symptoms very well, providing some relief for several days at a time. When I asked about treating causality I was met with a barrage of aggressiveness and exaggerated claims about world champion golfers winning matches because of their treatments at Gonfield Clinic. I actually don't think I've been spoken to like that ever in my life.
Public - a month ago
reviewed a month ago
Fantastic facials and the staff have a proper sense of humour!
Public - 3 months ago
reviewed 3 months ago
Upmarket Hilton. Staff lovely but the room was an afterthought....room 217....terrible view over the rear quadrant over the hotel and the TV was 90 degrees to the beds. Not good.
Public - 2 years ago
reviewed 2 years ago
Been using James twice a week since September. He's fantastic. Very scientific very inspirational. Could not recommend more highly.
Public - 3 years ago
reviewed 3 years ago
31 reviews
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Good coffee well served. Background music so loud I couldn't hear my partner talk. No wifi!!!
Public - 11 months ago
reviewed 11 months ago
Excellent service - I had a Fuji that needed repair and they got it done on warranty
Quality: ExcellentAppeal: ExcellentService: Excellent
Public - 3 years ago
reviewed 3 years ago