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The race between machines and humans: Implications for growth, factor shares and jobs

The race between machines and humans: Implications for growth, factor shares and jobs

Concerns that new digital technologies, artificial intelligence, and robotics will create widespread technological non-employment are now widespread. Various recent labour market trends, ranging from declines in US labour force participation to increases in wage inequality and the share of capital in national income, are seen as harbingers of this new normal (e.g. Brynjolfsson and McAfee 2012, Akst 2014, Autor 2015, Karabarbounis and Neiman 2014, Oberfield and Raval 2014). A major shortcoming of the typical arguments about technological non-employment is that there is no clear reason why the effect of new technologies will be different this time than in the […]

Sub-anchor: Key factors affecting graduate employment

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CCTV.com

Font size: For more on this story, we are joined in the studio now by CCTV’s Jin Yingqiao.Q1. Nowadays, unemployment among university graduates is a serious problem. Tell us some of the key factors behind this.Well, first of all it’s the economy. The dreams of graduates are competing with an economy growing at the slowest pace in a generation.The decline of export and de-capacity have led to a decrease in demand for labor force, which in turn has affected the employment of college graduates. Moreover, developing technologies have eliminated a number of jobs so […]

5 Important Skills You Require To Keep Your Job In The Next 10 Years

5 Important Skills You Require To Keep Your Job In The Next 10 Years

These are the five areas you need to develop to keep yourself employed in the next 10 years

We always read about what we should prepare or how we should brand ourselves at a job interview but we seldom speak about the skills that are required to keep ourselves employed over a period of time. The world is changing and it is changing fast. Old skills no longer matter, in fact, you will be stomped aside by the generational change leaving you know answers. Many believe that the future of work will transform in the next 10 years considering […]

How Job Automation Will Change Your Future

How Job Automation Will Change Your Future

How Job Automation Will Change Your Future – People Development Network How job automation will change your future

Awhile back I published an article here in People Development Magazine entitled “ 3 STEPS TO “DISRUPTIVE INNOVATION” PROOF YOUR CAREER “. The primary message is: you can and should monitor the career “landscape” in which you find yourself, both today and in the probable future. This is true for a number of reasons not the least of which is job automation.

While you may want to spend all your working years in one industry, if not one job, that industry, that […]

Job gap widens between college, high school grads

Job gap widens between college, high school grads

A new graduate proudly displays his diploma, May 9, 2009. Buy Photo A structural shift in the job market following the most recent economic recession has radically changed the composition of the American workforce, with four-year college graduates for the first time constituting a larger share of the workforce than those who got a high school diploma but don’t have a college degree, according to a report released Thursday by the Georgetown University Center on Education.

Researchers at the center found that out of the 11.6 million jobs created in the post-recession economy, 11.5 million went to people with at […]

North Carolina Reports on Local Job Loss from Automation

North Carolina Reports on Local Job Loss from Automation

Below is a rare local report about automation and its effects at ground level. It’s a 3-minute TV-news segment, but the piece does get the sense of general anxiety about the future of employment. One man sought retraining for a new computer-related career because automation was cutting into construction jobs. A recurring theme was that many job categories weren’t disappearing entirely, but automation was making them more efficient and therefore the workplaces need fewer workers overall.

Food service jobs are threatened in North Carolina because of the increasing use of ordering kiosks, like the one shown. North Carolina State […]

If Your Job Hasn’t Been Taken Over by Machines Yet, Just Wait

If Your Job Hasn't Been Taken Over by Machines Yet, Just Wait

Don’t pack up your cubicle quite yet. Though robots and automation are probably already transforming your day job, you have roughly a 60% chance of not losing your employment to a machine, according to a recent report from Forrester Research.

Automation and robotics can be seen in everything from manufacturing to logistics to food services and retail, but what are the jobs most likely to be taken over by machines? The proof may already be out there.

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Wage hike just a bad step for nation’s capital

Wage hike just a bad step for nation's capital

Washington, DC, has joined the list of places wanting a $15-an-hour minimum wage – but the city is still reeling from the wage that is being replaced.

The bill signed by the District of Columbia’s mayor would increase the city’s minimum wage to $15 an hour by 2020. The district’s base wage is currently $10.50, and while supporters of the increase say it’s necessary to help people make ends meet, critics say otherwise.

"[Unfortunately] I think Washington, DC, hasn’t learned its lesson … on minimum wage," says Michael Saltsman, research director at Employment Policies Institute . "DC has pursued a […]

Politicians have no idea about future jobs

Last night, ABC Lateline aired a ripper segment looking at the future of Australian employment and the track record of Australia’s politicians a decade ago.

There’s a lot of interesting extracts from the segment, including that a decade ago, Prime Minister thought the commodity boom would be permanent, unlike Kevin Rudd: KEVIN RUDD, THEN OPPOSITION LEADER (2007): New leadership is about building long-term economic prosperity for when once this mining boom is over. JOHN HOWARD, THEN PRIME MINISTER (2007): Why does Mr Rudd keep talking about the end of the mining boom? Whoops!

There’s also the claim by both parties that […]

AP FACT CHECK: Trump’s vision improbably recalls past

AP FACT CHECK: Trump's vision improbably recalls past

WASHINGTON (AP) — Donald Trump laid out an economic future Tuesday that improbably resembles the past, declaring "it will be American steel" that once again builds gleaming skyscrapers and fortifies the bridges and American factories that broadly revive a manufacturing economy long gone.

In Trump’s nostalgia-tinted vision, the complex and diverse U.S. economy can be fixed by tariffs, factory jobs and forcing foreign partners back to the bargaining table.

But to achieve it, he would have to reverse not only globalization, but automation, a changing workforce and other seismic shifts of a U.S. economy that has become more dependent on educated […]