Tag: consumption

US Machine Production Gains Competitive Edge

US Machine Production Gains Competitive Edge

By Mark Howard, US Country Manager, EU Automation

Surpassing all expectations, the Federal Reserve announced a rise in the US manufacturing production index of 0.5 per cent in August 2019. This development allows us to reconsider our understanding of the American manufacturing industry in comparison with Asian competitors. This article discusses the potential long term upswing of US manufacturing and how to achieve it.

In 2018 the Brooking Institute found that 20 per cent of global manufacturing came from China, with the US coming in a close second with 18 per cent. This classification has remained entrenched in the world […]

Automation to Create More Jobs for Indonesia Than It Destroys by 2030: McKinsey

Automation to Create More Jobs for Indonesia Than It Destroys by 2030: McKinsey

Phillia Wibowo, the president director of McKinsey Indonesia, said Indonesia is poised to create two times more new jobs from automation than it loses. (Photo courtesy of McKinsey Indonesia) Jakarta . Indonesian workforce could end up seeing more jobs available to them – mainly in the service sector – should the government and corporate sectors manage the adoption of automation and artificial intelligence well over the next decade, a new report by global consulting company McKinsey said.

Automation in the largest economy in Southeast Asia is projected to destroy up to 23 million jobs and create between 27 to 46 […]

How automation will change our workforce

How automation will change our workforce

Around the world, there is increasing interest and concern about the potential effect of technology, specifically automation, on employment. Since releasing our Megatrends report in 2018, we’ve undertaken modelling to help several clients understand the effect of automation on their area . In this article, we consider how technology has affected employment historically, where it’s heading, and use our work for ATEED in Auckland as a case study to highlight the potential future changes. Technological change isn’t new

Technological change has been a constant force throughout history and, despite often being perceived as a threat to workers at the […]

The economic consequences of automation

The economic consequences of automation

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Reactions While Brexit captures the headlines in the United Kingdom and elsewhere, the silent march of automation continues. Most economists view this trend favourably: Technology, they say, may destroy jobs in the short run, but creates new and better jobs in the longer term.

The destruction of jobs as a result of automation is clear and direct: a firm automates a conveyor belt, supermarket checkout or delivery system, keeps one-tenth of the workforce as supervisors, and fires the rest. But what happens after that is far less obvious.The standard economic argument is that workers affected by automation […]

Economic consequences of automation

LONDON — While Brexit captures the headlines in the United Kingdom and elsewhere, the silent march of automation continues. Most economists view this trend favourably: Technology, they say, may destroy jobs in the short run, but it creates new and better jobs in the longer term.

The destruction of jobs is clear and direct: A firm automates a conveyor belt, supermarket checkout, or delivery system, keeps one-tenth of the workforce as supervisors, and fires the rest. But what happens after that is far less obvious.

The standard economic argument is that workers affected by automation will initially lose their jobs, but […]

The Economic Consequences of Automation

The Economic Consequences of Automation

Yu Haiyang/China News Service/VCG via Getty Images Economic theory does not provide a clear answer regarding the overall impact of technological progress on jobs. And even if automation has traditionally been beneficial in the long run, policymakers should never ignore its disruptive short-term effects on workers.

LONDON – While Brexit captures the headlines in the United Kingdom and elsewhere, the silent march of automation continues. Most economists view this trend favorably: technology, they say, may destroy jobs in the short run, but it creates new and better jobs in the longer term.

> The Trump Narrative and the Next Recession […]

Research Papers On Plc Automation

In paper industry when raw material, water and chemicals mixed together then the modern paper manufacturing requires and uses high technology tools like PLC, VFD’S and HMI to get a precise quality of paper. ieee papers on plc automation pdf. This paper discusses the rationale for these fears, highlighting the specific nature of AI and comparing previous waves. A Pew Research Center survey of 4,135 U. We consistently check for plagiarism before the papers are sent to you. 1573-1582, 4 April, 2011 A wireless application of drip irrigation automation The main aim of the research is to. Modeling of. […]

Automation and jobs: When technology boosts employment

Automation and jobs: When technology boosts employment

Do industries shed or create jobs when they adopt new labour-saving technologies? This column shows that manufacturing employment grew along with productivity for a century or more, and only later decreased. It argues that the changing nature of demand was behind this pattern, which led to market saturation. This implies that the main impact of automation in the near future may be a major reallocation of jobs, not necessarily massive job losses.

There is widespread concern today that many jobs will be lost to new computer technologies, as more human tasks can be performed by machines. A host of recent […]

The digital economy is capitalism’s sparkling creation or its undertaker: Former PM Keating

The digital economy is capitalism's sparkling creation or its undertaker: Former PM Keating

Image: Chris Duckett/ZDNet Australian former Prime Minister Paul Keating has likened the world the kids of today are stepping into to a shallow carp pond, saying it’s going to require imagination to determine how they’re going to make themselves useful.

Opening his SAP Ariba keynote in Sydney on Tuesday, Keating said the biggest challenge for Australia over the next few years would be human capital.

While he said the emergence of technologies such as artificial intelligence, machine learning, and automation might take jobs as collateral, "it may well do other things" for the economy, and he has faith in the Australian […]

China economic stimulus and PP: how demand could have been 71m tonnes lower

China economic stimulus and PP: how demand could have been 71m tonnes lower

China came to the rescue of the global economy in 2009. This wasn’t for altruistic reasons as a government study said that unless a huge stimulus programme was launched, 20m Chinese workers would return to the coastal cities from inland China after the Lunar New Year in 2009 without jobs because of the collapse of orders from the West for China’s manufactured goods due to the global financial crisis.

But who cares? Whatever the motives, some one-third of global economic growth in the ten years between 2009 and 2018 came from China, up from less than 20% in the decade […]