Author: automata

The shifting landscape of global manufacturing: from offshoring to reshoring and its welfare implications

The shifting landscape of global manufacturing: from offshoring to reshoring and its welfare implications

Benefits of automation have accrued to high-skilled workers, leaving lower-skilled workers vulnerable. | © shutterstock.com Global manufacturing has undergone a remarkable transformation in recent decades, moving from a landscape dominated by offshoring to one increasingly characterized by reshoring and protectionism. This shift reflects not just evolving economic realities but also the complex interplay of technological advancements and socio-political pressures—factors that have significant implications for labor markets and overall welfare. The Rise of Offshoring

In the years leading up to the 2008 Great Recession, offshoring became a key strategy for many companies seeking to maximize profits. By relocating low-skilled […]

How AT&T’s AI tool is fast-tracking productivity for 100,000 employees

How AT&T's AI tool is fast-tracking productivity for 100,000 employees

AT&T’s AI tool generates the equivalent of about 1 billion words a day. skynesher/Getty Images Presented by AT&T is expanding its AI initiatives to generative AI and large language models.

The company launched Ask AT&T, an AI tool with various capabilities, including software development.

This article is part of " CXO AI Playbook " — straight talk from business leaders on how they’re testing and using AI. For "CXO AI Playbook," Business Insider looks at mini case studies about AI adoption across industries, company sizes, and technology DNA. We’ve asked each of the featured companies to tell us about […]

Chavit unveils electric PUV plan

Chavit unveils electric PUV plan

SENATORIAL candidate Chavit Singson warmly greets supporters at a lively gathering of senior citizens at SM Manila. Amid the cheers and applause, Manong Chavit presented his campaign platform, promising to uplift the lives of Filipinos with bold initiatives and heartfelt commitment to the nation’s future. PHOTOGRAPH COURTESY OF chavit singson camp Published on:

Senatorial candidate Luis “Manong Chavit” Singson unveiled a bold plan on Tuesday to address Manila’s longstanding transportation challenges, gaining a significant endorsement from former Manila Mayor Francisco “Isko Moreno” Domagoso.

Singson revealed his vision for modernizing the city’s public transportation system at a gathering of thousands of senior […]

More than 5.5m private renters could only afford 10 weeks off work

More than 5.5m private renters could only afford 10 weeks off work

rent getty-images-a9XZBC5HxsI-unsplash More than one in three (35%) private renters 1 in the UK – equivalent to 5.5m people 2 – would run out of savings within 10 weeks if they were unable to work due to injury or illness.

New research from Scottish Widows found that a similar proportion of private renters (32%) said they would need to rely on financial support from loved ones and almost one in five (18%) would need to take out a loan if they couldn’t work. Nearly a fifth (16%) said they would have no choice but to move out of their […]

Universal Basic Income Proposal In the U.S. For These Residents In 2024: Know Eligibility

Universal Basic Income Proposal In the U.S. For These Residents In 2024: Know Eligibility

Universal Basic Income (UBI) is gaining traction as a bold solution to address poverty, income inequality, and economic instability in 2024. By offering regular, unconditional payments to individuals, UBI aims to ensure a baseline standard of living for everyone. This innovative approach has sparked debates and pilot programs across the United States, offering insights into its potential as a transformative policy.

In this guide, we’ll dive into how UBI works, who qualifies, and its possible future impact. Whether you’re curious about its benefits or exploring ways to participate, let’s unpack the details. Basics

UBI is simple at its core: it […]

Does Universal Basic Income Work?

Does Universal Basic Income Work?

A new study sheds light on its limitations as a policy tool to alleviate poverty.

Michael Edwards A new study conducted by OpenResearch, a non-profit of which Sam Altman sits on the board of directors, provides the latest data on universal basic income (UBI).

Researchers worked with two non-profits in Texas and Illinois to conduct a cash transfer program that distributed $1,000 per month to 1,000 low-income individuals over a 3-year period. They transferred $50 per month to 2,000 low-income individuals as a control.Participants reported average household income of ~$29,900, so the $12,000 per year transfer represented a ~40% increase […]

In Her Hands: A Path to Financial Security for Black Women in Georgia

The In Her Hands (IHH) initiative launched in 2022 via a partnership between the Georgia Resilience and Opportunity Fund and GiveDirectly and provided guaranteed income to 654 low-income Black women in urban, rural, and suburban areas of Georgia over two years.

The program aimed to offer immediate relief from severe economic hardship while exploring ways to reshape public policy to better support communities impacted by generations of wealth extraction. Designed in partnership with community members, the program randomly assigned participants to receive either A) $850 per month for 24 months or B) $4,300 in the first month, followed by $700 […]