Tag: employment

Listen, RBA, to Money Morning Readers

Listen, RBA, to Money Morning Readers

There you have it…

Last week, we found out why ScoMo defeated the Bill Australia couldn’t afford.

Voters went with the Liberals for economic reasons.In a JWS Research survey of 1,000 voters, 39% of them said economic issues were a key factor for their vote.One Morrison voter later said, ‘ Bill Shorten is no prime minister. ’‘ He would have sent us broke. He had no clue what climate change would cost or how long to charge an electric car. He looked incompetent. ’While I agree with the passionate voter, I’m not so sure Morrison had — or has — much […]

Engineers’ Angle | Robotics as an economic tool –Part 2

Engineers' Angle | Robotics as an economic tool –Part 2

Contributed

Junior Bennett

12Is Jamaica ready for increased use of robotics technology and automation? The answer is a resounding yes.The time to invest and implement automation in business processes is now. But, how will Jamaicans tackle the fear and job insecurity that some employees may have? The notion that robotics will take over one’s job is not true. Robotics does not make job decisions.The Gleaner, on May 20, 2019, reported that New Fortress Energy committed J$2.6 million in sponsorship to Halls of Learning for the hosting of the first World Robot Olympiad (WRO) competition in Jamaica. I am expecting that […]

Engineers’ Angle | Robotics as an economic tool –Part 2

Engineers' Angle | Robotics as an economic tool –Part 2

Contributed

Junior Bennett

12Is Jamaica ready for increased use of robotics technology and automation? The answer is a resounding yes.The time to invest and implement automation in business processes is now. But, how will Jamaicans tackle the fear and job insecurity that some employees may have? The notion that robotics will take over one’s job is not true. Robotics does not make job decisions.The Gleaner, on May 20, 2019, reported that New Fortress Energy committed J$2.6 million in sponsorship to Halls of Learning for the hosting of the first World Robot Olympiad (WRO) competition in Jamaica. I am expecting that […]

Cyber-Physical System Market Size & Positive Long-Term Growth Outlook 2018-2028

Cyber-Physical System Market Size & Positive Long-Term Growth Outlook 2018-2028

Researchmoz added Most up-to-date research on “ Cyber-Physical System Market: Will China be Able to Surpass Western Europe in Terms of Growth in the Coming Years: Global Industry Analysis (2013 – 2017) & Opportunity Assessment (2018 – 2028)” to its huge collection of research reports.

The Cyber-Physical System market report [10 Year Forecast 2018-2028] focuses on Major Leading Industry Players, providing info like company profiles, product type, application and regions, production capacity, ex-factory price, gross margin, revenue, market share and speak to info. Upstream raw materials and instrumentation and downstream demand analysis is additionally administrated. The Cyber-Physical System market […]

Where workers risk losing jobs to automation, training must start now

Where workers risk losing jobs to automation, training must start now

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Employees from the Czech Republic and Slovenia are most at risk of losing their jobs to automation, according to a new report by the Organisation for Economic Cooperation and Development ( OECD ). Poland, Italy and Slovakia are also considered some of the other countries where workforces are at risk of eventually losing jobs to automation.

The OECD is an international organisation geared at enhancing government policies that can lead to better opportunities and equality. Their annual report, published at the beginning of May, forms part of the OECD’s initiative to work with policymakers to bring about solutions to current […]

Relax, robots won’t be taking your job

Relax, robots won’t be taking your job

My favourite series as a kid was The Jetsons , not so much because it was funny but because it was aspirational, particularly Rosie the robot who took care of all domestic chores: the cooking, the cleaning, the serving, everything.

You’d be forgiven, then, based on an endless queue of media articles, for thinking Rosies are our future and that you’ll someday lose your job to one. They’ll be delivering your groceries and serving your coffee , and they’ll be cleaning your house and driving your bus . They’ll even be giving you advice and keeping you company . But […]

The robo-apocalypse won’t be in your lifetime

The robo-apocalypse won't be in your lifetime

Berkeley

WILL the imminent "rise of the robots" threaten all future human employment? The most thoughtful discussion of that question can be found in Massachusetts Institute of Technology (MIT) economist David H Autor’s 2015 paper, Why Are There Still so Many Jobs?, which considers the problem in the context of Polanyi’s Paradox.

Given that "we can know more than we can tell", the 20th-century philosopher Michael Polanyi observed, we should not assume that technology can replicate the function of human knowledge itself. Just because a computer can know everything there is to know about a car does not mean that it […]

Dan Sutter: The great truck driver shortage

Dan Sutter: The great truck driver shortage

The Alabama legislature lowered the minimum age for a truck driver’s (CDL) license to 18 for within-state transport (the minimum age remains 21 in interstate trucking) to help alleviate a driver shortage the American Trucking Associations (ATA) says has existed since 2005. Trucking has long been a major employer in Alabama and Pike County. What are the economics of this shortage and the future of trucking?

Trucking contributes enormously to our economy. Seventy percent of freight, over 10 billion tons annually, ships via trucks. Our modern economy could not exist without reliable truck transportation; any uncertainty would render just-in-time production […]

What If Presidential Hopeful Andrew Yang Is Right?

What If Presidential Hopeful Andrew Yang Is Right?

(AP Photo/John Locher) photo credit: ASSOCIATED PRESS At the most recent Future of Everything Festival , presidential candidate Andrew Yang jokingly said that when the first Democratic debate takes place in Miami on June 26 th Americans will be wondering, “Who is the Asian guy standing next to Joe Biden?”

Maybe Americans ought to be paying more attention to his platform than simply his ethnicity.

I’ve begun to devote a little more thinking to Yang in recent months, wondering aloud where he’s headed. I’m also pondering whether Americans—or Democrats who hold power to select their presidential candidate to confront President Trump—are […]

The Future Of Work

The Future Of Work

Envision a world where everyone is employed, everyone is happy with their work, and we coexist with artificial intelligence (AI) in our everyday life. What does that image look like? What jobs do you picture humans performing?

Such a utopian equilibrium may not be easy to visualize, but we are looking at a transition that is taking shape as I write.

Our ever-changing world with its unprecedented technological advances is creating a whirlwind of possibilities and challenges. One of the most deeply troubling questions is whether automation and AI might eventually replace every human activity imaginable. Glooming headlines shape the perception […]