Tag: consumer

How tech is reshaping work values and goals

How tech is reshaping work values and goals

Companies can find talent. They just can’t attract it. Fifteen years ago, corporate was king, and bigger was better. Companies such as Bank of America , Qualcomm , Cisco Systems , Intel , Sun Microsystems and Merck were top companies desired for employment. That mindset has evaporated. Today Stryker , Baptist Health South Florida , Workday and Genentech are among the 100 best companies to work for, according to Fortune Magazine .

Small is beautiful

Worker preferences are changing. It’s no longer good enough to tout social responsibility and entice talent with the sparkle of high earnings. Employees want […]

Universal Basic Income

Universal Basic Income

Universal Basic Income by Independent Trader

It wasn’t long time ago when Swiss had a referendum about universal basic income (UBI). They rejected it. The initiators of the campaign for UBI wanted a minimum salary to be paid to everyone regardless of their age, occupation or level of income. The UBI was aimed to replace pensions and benefits thanks to which numbers of bureaucrats would decrease. One argument for such a change is advancing automation and the end goal is to disconnect salary from work.

The Swiss economy is one of the most efficient economies in the world. Robotised manufacturing […]

Interview: Top US Labor Official Talks Job Creation, TPP

Interview: Top US Labor Official Talks Job Creation, TPP

ObamaFILE – Deputy Labor Secretary Christopher P. Lu speaks at Bladensburg High School in Bladensburg, Md., April 7, 2014 In the midst of a presidential campaign season where sustained economic recovery, job creation and trade have returned to the fore, Deputy Secretary of Labor Christopher Lu talked with VOA’s Adrianna Zhang about the Trans-Pacific Partnership and outlook on job creation efforts. Lu said more needs to be done despite recent gains.

VOA : Job creation has been a central talking point throughout the 2016 presidential campaign. Can you talk a bit about what your department has been doing to […]

Re-educating Rita

Re-educating Rita

IN JULY 2011 Sebastian Thrun, who among other things is a professor at Stanford, posted a short video on YouTube, announcing that he and a colleague, Peter Norvig, were making their “Introduction to Artificial Intelligence” course available free online. By the time the course began in October, 160,000 people in 190 countries had signed up for it. At the same time Andrew Ng, also a Stanford professor, made one of his courses, on machine learning, available free online, for which 100,000 people enrolled. Both courses ran for ten weeks. Mr Thrun’s was completed by 23,000 people; Mr Ng’s by […]

Will new technologies put us out of work? A peek into the future

Will new technologies put us out of work? A peek into the future

Over the past year, questions about how emerging technologies will impact employment have taken on a new tenor. Will robots take over our jobs? One thing is indisputable: automation and artificial intelligence (AI) will displace workers in the IT and business process outsourcing services industry.

But this is not a new trend.

+ Also on Network World: The 6 hottest new jobs in IT + Such tectonic shifts have occurred every few decades over the last two centuries. With each wave of new technology and each accompanying paradigm shift, jobs have disappeared. During the Industrial Revolution, people feared the loss […]

Fast-Food Leaders Play Down Minimum Wage During Automation Tests

Fast-Food Leaders Play Down Minimum Wage During Automation Tests

McDonald’s automated kiosk (REUTERS/Rick Wilking) McDonald’s and Wendy’s are denying a move to test self-service kiosks is connected to a growing movement to raise the minimum wage.

Economists warned increasing the minimum wage is likely to lead to less job opportunities for low-skilled workers. Fast-food and retail establishments have already started using computers and robots to replace low-skilled jobs. McDonald’s and Wendy’s are disputing Tuesday that self-serving computer tests are connected to the minimum wage push.

“An assumption that their use is related to wage or staffing levels is not the case at McDonald’s,” McDonald’s spokeswoman Lisa McComb said. “Staff perform […]

Where have all the good jobs gone?

Where have all the good jobs gone?

The good jobs are disappearing. Those that predated the digital revolution are dropping away altogether or being replaced by low-paying service jobs and other less secure employment. These include part-time jobs, freelance contracting and gig opportunities. The number of Americans working under these arrangements rose by 9.4 million from 2005 to 2015; 48 million Americans are now in low paying jobs.

This growing job shift is transformational. For employers, it offers new efficiencies and greater flexibility. Workers are cheaper and fewer can demand benefits. Employers can staff-up as needed; workers take the risks.

Momentous technological advances exert a steady and downward […]

Human Games: Can We Beat the Bots?

Human Games: Can We Beat the Bots?

Artificial intelligence (AI) and automation are reshaping the workplace and the economy. Can humans successfully compete?

As the worldview envisioned by futurists and science fiction writers in the 1950’s and 60’s takes shape, a global economy still shaken by the Great Recession is riding the rails straight into what some call the “Second Machine Age” or “The Fourth Industrial Revolution.”

Second, fourth, however you count it—the real question is whether meaningful human employment is poised to come in last. Earlier , we discussed news on the future of work presented at the World Economic Forum (WEF) held in Davos, Switzerland in […]

Amazon’s Successful Automation Boosts Employment — For Now

Amazon’s Successful Automation Boosts Employment — For Now

Amazon’s automated warehouses continue to show how rapidly smart machines are taking over tasks that were performed by humans. A few years ago, workers pushed carts for miles around the warehouse picking out items for customer orders. Huffpo reported in 2011, “Some workers at Amazon.com’s Allentown, Pennsylvania warehouse are reportedly willing to contend with working at a brutal pace in dizzying heat so long as it means having a job.”

Was that only five years ago? It shows how quickly an industry can change when modern automation is applied.

Now the Amazon warehouse is immersed in tech, and other companies are […]

The Wrong Inequality Solution: No One Has Anything

The Wrong Inequality Solution: No One Has Anything

Robots are presented at the Robotics event Innorobo in La Plaine Saint-Denis on May 26, 2016. / AFP / ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP/Getty Images) The approach to the inequality question has typically been how to either create or redistribute wealth so that those at the bottom of the economic ladder have more. Inherent in that approach is an assumption that societies have the time and choice to lift up those without, compressing the difference between haves and have-nots.

But there’s another approach, one that we seem blindly headed for, that could largely reach a reduction in […]