A New Age of Automation?

A New Age of Automation?

Pascual Restrepo has studied how robotics have changed jobs since the 1980s. Now he’s turning his focus to the impact of AI

When economist Pascual Restrepo began his PhD at MIT in 2011, he was hearing a lot of buzz about the impacts of technology on the job market. “People were talking about robots. And people were just starting to talk about artificial intelligence. At that time, it sounded like this cryptic thing of the future,” he says. “Fast forward more than 10 years, and AI’s everywhere.” Restrepo, an associate professor of economics who studies the interaction of automation and […]

Iowa manufacturers outline advancements, challenges from integrating AI, robotics, vision systems to production

Iowa manufacturers outline advancements, challenges from integrating AI, robotics, vision systems to production

Chris Hill, director of the Technology Assistance Program at the Center for Industrial Research and Service, shows a variety of sensors used in manufacturing to gather process data and support preventive and predictive equipment maintenance, among other applications. Photo by John Retzlaff

As an industry already familiar with implementing advanced technology, Iowa’s manufacturing sector is one to watch as everything from robotic and automation technologies to solutions powered by artificial intelligence become more sophisticated and companies must decide where to invest resources.

The Business Record recently distributed a survey to gather the input of manufacturing stakeholders in Iowa on how automation […]

AutoStore says Thailand factory will double production of AS/RS robots

AutoStore says Thailand factory will double production of AS/RS robots

autostore 6130b4c8808b658e65e9265d_AutoStore Warehouse Robot picking up a bin-p-1080.webp Warehouse automation systems provider AutoStore today opened its second factory to build robots for its automated storage and retrieval system (AS/RS) products, saying the location in Thailand will double its manufacturing capacity within the first year and move production closer to key markets including the U.S.

The Norwegian company has provided over 1,450 automated fulfillment systems across 54 countries, including 232 systems with 17,000 robots operating in the U.S. alone for brands like Puma, Gucci, and Best Buy.

"Since 2012, our robots have been manufactured and shipped exclusively from Poland. With increased demand […]

KRUGMAN: No matter what Trump does, manufacturing jobs are not coming back to the US

KRUGMAN: No matter what Trump does, manufacturing jobs are not coming back to the US

captain america factory worker (Robert Galbraith/Reuters)

Paul Krugman, the Nobel-winning economist and New York Times columnist, took to Twitter on Friday to address the state of the US labor market and President-elect Donald Trump’s promises to bring back manufacturing jobs.

To Krugman, the decline in manufacturing employment in the US isn’t because of outsourcing, but rather a decades-old feature of the industry."The story of US manufacturing is basically one of high productivity growth allowing demand to be met with ever fewer workers," Krugman wrote .Krugman is essentially arguing that the manufacturing sector hasn’t added jobs to the labor market in years […]

Autonomous Semi-Trucks Are Shaping the Industry for the Long Haul

Autonomous Semi-Trucks Are Shaping the Industry for the Long Haul

Amundsen Davis LLC Autonomous, or self-driving, vehicles are not a new concept. Companies such as Mercedes Benz, BMW, and Tesla have reshaped the automobile industry by producing and selling autonomous vehicles equipped with the newest AI technology. Truck companies have followed suit and are speeding ahead of federal regulations with plans for a major expansion this year. Their goal is to revolutionize America’s supply chain with faster transport of goods and unburdening of liability based on human limitation or error. With over 7.95 million people working in the industry and more than 750,000 motor carriers with active drivers who […]

Protectionists Are Wrong: Free Trade is the Path to Prosperity

Protectionists Are Wrong: Free Trade is the Path to Prosperity

Print Invited guests flank then-President Trump at the signing ceremony for the United States-Mexico-Canada Trade Agreement. 2020. Both major presidential candidates, Joe Biden and Donald Trump, have leaned towards protectionism, a stance recently echoed by Terry Schilling in The American Conservative . Unfortunately, this perspective misses the mark.

Protectionism is not the solution to revitalize American manufacturing or the economy. The real culprits are flawed internal policies — excessive government spending, high taxes, and stringent regulations — that stifle growth and innovation.

Politicians from both sides of the aisle often scapegoat countries like China and Mexico for the decline in US […]

AI Workforce: Preparing for Jobs That Don’t Yet Exist

AI Workforce: Preparing for Jobs That Don't Yet Exist

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The use of artificial intelligence for automatic processes has been projected as an altering factor in the workforce situation. This fresh area pledges to upheave the way we associate ourselves with technology thus resulting in people being equipped with all types of work whose existence has not been identified. At this point where technology picking and job consuming is at a critical point, it is mandatory for us to investigate forthcoming jobs for generations.

This article probes into the impact of the AI workforce and its impact on job markets. This comprises the skills required for future employment and […]

AI Expansion: Leveraging Automation and Intelligence in the Business Sector

AI Expansion: Leveraging Automation and Intelligence in the Business Sector

The landscape of business technology is experiencing a seismic shift with the rapid infiltration of artificial intelligence (AI). AI’s reach extends from enhancing the operations on the stock market, spearheaded by Nvidia’s growth, to becoming a tool employed in various marketing efforts. What began as a buzzword has now translated into real-world applications that see software companies promising groundbreaking data utilization and golf equipment manufacturers boasting designs crafted by AI technology.

AI has been instrumental in automating tedious tasks, offering significant convenience to workers. One can see this in the automated data entry sector, where programs extract and process […]

Automation in industry? Man and machine work together

Automation in industry? Man and machine work together

Author profile picture Digitalization, automation, and robotization took center stage at the Vision, Robotics & Motion trade show in Brabanthallen in ‘s-Hertogenbosch last week. The exhibition floor is filled with fast-moving robot arms, autonomous forklifts drive around and soccer robots kick a ball around. During the extensive lecture program, various aspects of digitization and automation are discussed, both in the production environment and in the complete supply chain. A recurring aspect: the role of people in it all. Why is this important?

Digitalization and automation have a major impact on the manufacturing industry. Developments follow each other in rapid […]

The Economics of AI and the Impending Robot Takeover, Part I

The Economics of AI and the Impending Robot Takeover, Part I

Tim Lee, the author of the excellent Understanding AI Substack, recently took to X with a plea : “I really wish there were more economists involved in discussions of the implications of superintelligence.” He continued: The most obvious example is people predicting mass unemployment without thinking through the impact of high productivity on fiscal and monetary policy. There are also people who implicitly assume that the economy will become 90 percent data centers, which doesn’t make much sense. To be fair, there are a lot of assumptions built into the issue. For one, Lee’s scenario assumes that machine intelligence […]