Tag: employment

Banks seek more investments in FinTech, human capital

Banks seek more investments in FinTech, human capital

Commercial banks have been advised to make more investments in financial technology (FinTech) and the relevant specialised human capital for the growth of the financial system.

Chartered Institute of Bankers of Nigeria (CIBN), President, Uche Olowu who gave the advice at the institute’s investiture in Lagos, said investment in specialised human capital is, particularly, significant given the domination of technological solutions, which are taking over human jobs.

According to a report by the McKinsey Global Institute, 60 per cent of all occupations have at least 30 per cent of activities that are technically automated. Furthermore, the report states that roughly one-fifth […]

The dark side of progress: We’re ignoring the most potent threat to working-class Americans

The dark side of progress: We're ignoring the most potent threat to working-class Americans

The dark side of progress: We’re ignoring the most potent threat to working-class Americans During his presidential campaign, Donald Trump promised working-class white Americans in the smokestack cities and towns of the industrial Midwest that he would bring back millions of manufacturing jobs by reducing immigration, clamping down on globalization, and ending “terrible” trade agreements and currency manipulation.

He has not delivered on his promises.

In 2017 and 2018, to be sure, the United States did add 465,000 factory jobs , an impressive, though unspectacular, number. But the vast majority of them are located in California, Texas, Nevada, Arizona, and Oklahoma […]

I don’t know what to do with my life

I don’t know what to do with my life

Every year, thousands of school leavers (and their families) will make two important decisions that will significantly impact their life and future.

What course should I take after leaving school?

What job should I do upon graduation? It’s ok for people to be clueless about their future. School leavers are asked to select a college or university major or course that could impact their entire life and future at a time when they barely know who they are or where they’re going. Even adults struggle with these issues!In an environment where employers are demanding more flexibility, adaptability, short-term […]

Editorial: Our essential Labor Day traditions

Editorial: Our essential Labor Day traditions

President John F. Kennedy died on November 22, 1963, the same day as novelist C. S. Lewis. (Associated Press) This Labor Day, we offer a look back, to an address for the holiday delivered by President John F. Kennedy in 1963. His description of the challenges facing American and the nation’s workforce are compelling and remain relevant in the present day.

The history of the United States is in vital respects the history of labor. Free men and women, working for a better life for themselves and their children, settled a continent, built a society, and created and diffused […]

Emerging Technology And The Future Of Employment

Emerging Technology And The Future Of Employment

Giving Compass’ Take:

· Writing for The Brookings Institution, Jack Karsten addresses the rise of automation and explains how emerging technology can either replace workers are train them for different positions.

· How will employment opportunities change as automation infiltrates the workforce? How can technology be used to create more job opportunities? · Read more on this topic and the future of work with emerging technology . In 2012, venture capitalist and entrepreneur Marc Andreesen predicted that jobs will be divided between “people who tell computers what to do, and people who are told by computers […]

Progressives’ initiatives hurt private-sector workers | Opinion

Progressives’ initiatives hurt private-sector workers | Opinion

Skip to main content A Labor Day visit to the American Labor Museum in Haledon Jim Beckerman, Staff Writer, @jimbeckerman1

Labor Day, this year, finds the American worker in a pretty good place. Jobs are plentiful, unemployment is down and business is competing for talent. Aside from politically inspired recession fears, the U.S. economy is strong and will get stronger when international trade deals are completed and approved by Congress.

None of this suggests, however, that there are not serious concerns about the future of work in America and that labor, business and government need to prepare for them now. The […]

Netflix’s American Factory is a fascinating look at the future of capitalism

Netflix's American Factory is a fascinating look at the future of capitalism

It is an all too familiar story, both here and in the US

A manufacturing plant goes out of business, due to advances in automation, and it being cheaper to have the product produced elsewhere in the world. Hundreds of working-class men and women lose their jobs, and a once-thriving community becomes critically wounded. Yet far from being the end of the story, this is where Netflix’s excellent new documentary American Factory begins. The film opens with the General Motors Moraine Assembly car factory in Dayton, Ohio, being shuttered in 2008. We then fast forward to 2015, when Chinese […]

Billionaire Jack Ma says AI will lead to a 12-hour workweek

Billionaire Jack Ma says AI will lead to a 12-hour workweek

Jack Ma, the billionaire founder of Chinese ecommerce giant Alibaba, has vigorously endorsed China’s grueling “996” culture, or working from 9 a.m. to 9 p.m. six days a week. But now he has an even bolder vision for the future of work thanks to artificial intelligence: the 12-hour workweek.

In the future, people may end up working only three days a week, with only four hours of work per day, Ma said at the World Artificial Intelligence Conference in Shanghai on Thursday, according to Bloomberg News. In Ma’s view, the development of AI could free humanity to partake in activities […]

Billionaire Jack Ma, booster of 12-hour days, now says AI will allow 12-hour weeks

Billionaire Jack Ma, booster of 12-hour days, now says AI will allow 12-hour weeks

Jack Ma, the billionaire founder of Chinese ecommerce giant Alibaba, has vigorously endorsed China’s grueling "996" culture, or working from 9 a.m. to 9 p.m. six days a week. But now he has an even bolder vision for the future of work thanks to artificial intelligence: the 12-hour workweek.

In the future, people may end up working only three days a week, with only four hours of work per day, Ma said at the World Artificial Intelligence Conference in Shanghai on Thursday, according to Bloomberg News. In Ma’s view, the development of AI could free humanity to partake in activities […]

Big Story: In the Quad-Cities, the future of work has arrived. Are you ready?

Big Story: In the Quad-Cities, the future of work has arrived. Are you ready?

Brice Wagner, of Davenport, plays a game wearing a pair of VR goggles during class at the AVR Academy, an augmented and virtual reality lab. (Monday, August 26, 2019, at Scott Community College in Davenport) Stephon Morgan, of Davenport, plays a game wearing a pair of VR goggles during class at the AVR Academy, an augmented and virtual reality lab. (Monday, August 26, 2019, at Scott Community College in Davenport) In a windowless room in the heart of downtown Davenport, Robert Gillespie sees the future.

Strapped around his face is a virtual reality headset, a sort of crystal ball that […]