Switch To Electric Cars Could Put 75,000 Germans Out Of Work

Switch To Electric Cars Could Put 75,000 Germans Out Of Work

The respected Fraunhofer Institute of Industrial Engineering was asked recently by trade unions and auto manufacturers in Germany to determine what the impact the switch from conventional cars to electric cars will be on the labor force. There are currently 840,000 manufacturing jobs in Germany in the automotive sector. Of those, 210,000 involve the process of assembling internal combustion engines and transmissions. Assuming 25% of all cars will be electric by 2030, with 15% hybrids, and 60% still gasoline or diesel powered, Fraunhofer estimates 75,000 workers in the powertrain assembly field will lose their jobs. If the adoption of […]

Robots To Destroy 2.9m Working Class Jobs – And Tory Seats Will Be Hit Hardest

Robots To Destroy 2.9m Working Class Jobs - And Tory Seats Will Be Hit Hardest

Automation is on course to destroy almost five times as many working class jobs as the collapse of coal and steel in the 1980s, alarming new analysis predicts.

The forecast, published by a group of Labour MPs and activists called Red Shift, paints a bleak picture of the future jobs market – and finds that Tory constituencies face the biggest threats.

Studying OECD and House of Commons library figures, the research found that, while new jobs will be created, those on the lowest wages will be hit hardest by automation’s sweeping changes.The study says: Between 2.1 million and 2.9 million working […]

Top Ten Books This Week – June 04, 2018

Top fiction and non-fiction works of this week | By Yentha Non Fiction
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1. Janice Kaplan :How Luck Happens :Using the Science of Luck to Transform Work Love and Life :Janice Kaplan :Rs 499.00
New York Times bestselling author Janice Kaplan examines the phenomenon of luck–and discovers the exciting ways you can grab opportunities and make luck for yourself every day. After spending a year researching and experiencing gratitude for The Gratitude Diaries, Janice Kaplan is back to tackle another big, mysterious influence in all our lives: luck. And this time she’s joined on her journey by coauthor Dr. Barnaby […]

Guaranteed jobs may not solve the Democrats’ bigger problem with many voters

Policies to ensure everyone has a job sound appealing. But they may not help Democrats at the ballot box, and aren’t economically realistic.

The next big idea from the Democrats is a universal guarantee of a job to everyone who wants one.

Sens. Cory Booker, Kirsten Gillibrand and Bernie Sanders, all potential candidates for president in 2020, have endorsed some version of the idea.Booker would start with a pilot program in 15 urban and rural areas, using federal funds to provide employment at $15 an hour.Gillibrand went considerably further. She told The Nation magazine, “Guaranteed jobs programs, creating floors for wages […]

Why we need to protect our income from robot automation

Why we need to protect our income from robot automation

The future is here. It’s time to take action. Robots conjure images of some distant future – a crisp, white-walled existence. Except that time is now.

Last month, one leading futurologist predicted that the global robot population, already more than 57 million, will outnumber humans by 2048, and that’s a conservative estimate.

Automation is already ingrained in everything from warehouse management to selling financial products. Workers are worried that they are going to find themselves replaced in the jobs market; employer services provider ADP recently surveyed 1,300 working adults and found that a third believe their job will be automated within […]

Ten million British jobs could be gone in 15 years. No one knows what happens next

Ten million British jobs could be gone in 15 years. No one knows what happens next

Plenty of people may not have heard of the retail firm Shop Direct . Its roots go back to the distant heyday of catalogue shopping, and two giants of that era, Littlewoods and Great Universal Stores. Now it is the parent company behind the online fashion brand Very and the reinvented Littlewoods.com. All this may sound innocuous enough. But in two areas of Greater Manchester, Shop Direct is newly notorious.

Until now, what the modern corporate vernacular calls “fulfilment” – in other words, packing up people’s orders and seeing to returns – has been dealt with at three Shop Direct […]

Will robots and AI take your job? The economic and political consequences of automation

Will robots and AI take your job? The economic and political consequences of automation

In Edward Bellamy’s classic Looking Backward , the protagonist Julian West wakes up from a 113-year slumber and finds the United States in 2000 has changed dramatically from 1887. People stop working at age forty-five and devote their lives to mentoring other people and engaging in volunteer work that benefits the overall community. There are short work weeks for employees, and everyone receives full benefits, food, and housing. [1] The reason is that new technologies of the period have enabled people to be very productive while working part-time. Businesses do not need large numbers of employees, so individuals can […]

Where is Artificial Intelligence taking us?

Where is Artificial Intelligence taking us?

Recently, The Spectator , in association with NatWest, brought together leading entrepreneurs, MPs and technology writers to discuss where Artificial Intelligence (AI) – or the fourth industrial revolution as it is often termed – is taking us. Guests included: Simon McNamara , group CAO of NatWest, Damian Collins MP, Tugce Bulut, CEO of Streetbees, Nathan Gralton, MD of Scopesuite, Rob O’Donovan, CEO of Charlie HR, Jesse Lozano, CEO of Pi-Top, Charles Arthur, former tech editor for The Guardian and Independent , Alan Mak MP, Sarah Drinkwater, head of Campus London for Google, Rory Cellen-Jones, BBC technology correspondent, Kevin Hanley, […]

Fact check: Trump’s claim that China caused 60,000 US factories to close

"We’ve lost, over a fairly short period of time, 60,000 factories in our country — closed, shuttered, gone. Six million jobs, at least, gone." — President Donald Trump, in remarks at the White House announcing tariffs on Chinese imports, March 22, 2018

Long before he was president, Donald Trump complained that China was "taking all our jobs." Now, with the executive branch at his command, Trump is getting even with a plan to impose $50 billion to $60 billion in tariffs on Chinese imports.

The president says China’s economic boom has come at the expense of U.S. manufacturers. To illustrate […]

President Trump’s claim that China caused 60,000 U.S. factories to close

President Trump’s claim that China caused 60,000 U.S. factories to close

“We’ve lost, over a fairly short period of time, 60,000 factories in our country — closed, shuttered, gone. Six million jobs, at least, gone.”
— President Trump, in remarks at the White House announcing tariffs on Chinese imports , March 22, 2018

Long before he was president, Donald Trump complained that China was “ taking all our jobs .” Now, with the executive branch at his command, Trump is getting even with a plan to impose $50 billion to $60 billion in tariffs on Chinese imports.
The president says China’s economic boom has come at the expense of U.S. […]