The U.S. has a “racial tech gap” problem, Deutsche Bank study shows

The U.S. has a “racial tech gap” problem, Deutsche Bank study shows

The economic disparity between minorities and white Americans has manifested itself in a variety of ways, such as gaps in employee diversity , wages and minority-owned businesses .

A new study from Deutsche Bank shows Black and Hispanic Americans are also experiencing a “racial tech gap,” which could threaten their future ability to gain meaningful employment and grow wealth in a digitized economy, according to Deutsche Bank Global Technology Strategist Apjit Walia.

“The staggering divide in the numbers we found was when it came to race, especially in urban areas, with Black and Hispanic communities 10 years behind the white community […]

Preparing Kids for The Careers of The Future

Preparing Kids for The Careers of The Future

The world of work is ever-evolving. The children starting their education journey today will be employed in jobs that are not yet in existence. Additionally, many of the jobs today will become obsolete due to artificial intelligence and automation.

Speculations have it that future job roles will be fully automated. To prepare your kids for the future job market, you need to leverage advanced automation and artificial intelligence. Teach your kid the fundamentals of computers. Also, you can teach them the basics of programming using unique platforms specifically designed for kids. Games that teach computer coding for kids can be […]

Working With Robots in a Post-Pandemic World

Working With Robots in a Post-Pandemic World

Whether you turn to news outlets, tech magazines, or academic sources for insight, you’re likely to hear that the COVID-19 pandemic is going to drive massive growth in automation, especially via robots. 1 The arguments in favor of this view seem reasonable: Main Street might look dead, but companies that provide shippable goods have been facing double, triple, or even 10 times their previous demand. Robots, the thinking goes, should be able to reliably do that repetitive physical work when many workers aren’t safely able or willing to set foot in the building. What’s more, access to the technology […]

Canadian workers aren’t too worried about robots taking their jobs, web survey finds

Canadian workers aren’t too worried about robots taking their jobs, web survey finds

If walking and talking robots are coming to replace employees at counters, desks and tills, Canadians don’t appear to be too concerned about it.

That’s the broad finding in a new survey released Wednesday by the Environics Institute, a research organization that engaged with 5,000 Canadians over the age of 18 between February 28 and April 4.

“To find that Canadians don’t appear to be overly anxious about how technology is changing the workplace, it was surprising enough,” said Andrew Parkin, executive director at the Environics Institute, which partnered with the Future Skills Centre and Ryerson’s Diversity Institute on the survey.There’s […]

Trump hails ‘manufacturing miracle’ as factories bleed jobs

Trump hails ‘manufacturing miracle’ as factories bleed jobs

Four years after he won the Midwest by vowing to revitalize the U.S. manufacturing workforce, President Donald Trump is campaigning for reelection on a job well done. The numbers tell a different story.

Trump’s anti-trade agenda and a pandemic-induced recession have combined to shutter factories and accelerate decades-old trends toward automation, eliminating hundreds of thousands of manufacturing jobs, many for good, including in the Rust Belt states he needs to win in November.

The president’s path to the Oval Office was paved by his victory in this factory-intense region, where a downturn in manufacturing that began in 2015 opened the door […]

Survey: Half of U.S. job seekers on the hunt because of coronavirus

Survey: Half of U.S. job seekers on the hunt because of coronavirus

Job seekers look at pamphlets during a job and resource expo in Concord, California. Did coronavirus kick start the future of work?

The survey’s more interesting findings inform on how job seekers have been approaching their search. About a third of those surveyed believe their current work did not utilize either their skills or training, and 61 percent are actively looking for work in a different industry. Industries singled out include healthcare and technology.

To stay relevant, these job seekers are also seeking opportunities to gain new skills. The survey found that nearly a third of them believe technical skills […]

The Future Trajectory of Automation

Imagine a catering business which serves 500 meals a day. One day, they seize an opportunity to grow their business. They automate 90% of the cooking process, and with the same number of employees in the kitchen, they can now prepare 2000 meals a day. A huge 4-times gain in the productivity of human effort!

However, there is another side to this productivity gain. Look at it from the resource perspective – it now requires 4 times more resources to keep the same number of people employed. This is a classic example of how automation is increasing the “Resource Intensity” […]

Robots Driving Forklifts Score Venture Capital, Create Jobs

Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here , and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.

Silicon Valley investors are increasing bets on a Pittsburgh company that turns a venerable machine of the past century of industrialization — the forklift — into a driver of the e-commerce boom.

Seegrid Corp., a maker of autonomous forklifts and robot-powered vehicles used to move materials around warehouses and factories, just closed on equity financing totaling $52 million from Menlo, California-based venture fund G2VP LLC and an undisclosed group […]

Robots Driving Forklifts Score Venture Capital, Create Jobs

Robots Driving Forklifts Score Venture Capital, Create Jobs

(Bloomberg) — Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.

Silicon Valley investors are increasing bets on a Pittsburgh company that turns a venerable machine of the past century of industrialization — the forklift — into a driver of the e-commerce boom.

Seegrid Corp., a maker of autonomous forklifts and robot-powered vehicles used to move materials around warehouses and factories, just closed on equity financing totaling $52 million from Menlo, California-based venture fund G2VP LLC and an undisclosed group […]

There can be happy endings for today’s workers even with automation

There can be happy endings for today's workers even with automation

Sure, automation is chopping off many a basic job and job requirements. But that doesn’t mean workforces will have to deal with fewer jobs. Also in this package

COVID-19: I lost a job offer because my employer failed to cancel my visa on time. What are my rights?

How can you access funds in your UAE bank account and request for its closure if you are unable to return to the Emirates? “Dad, why aren’t you at work?” asked Charlie. “Oh, well the toothpaste factory thought they’d give me a bit of time off,” replied Mr. Bucket.Mrs. […]