Tag: manufactur

The Trade War Is a Farce

The Trade War Is a Farce

Trump Xi As the World Economic Forum (WEF) annual meeting continues in Davos, Switzerland, this week, discussions around global trade, the future of advanced manufacturing, and the Fourth Industrial Revolution are at an all-time high. In particular, the popular news media has been making a daily diet talking about the U.S. trade war with China.

Unfortunately, they are missing the real story: the potentially profound effects of reshoring on U.S. manufacturing and on the widening skills gap.

A few reports are seeing the fumes of the real story but miss the overall point. News articles have surfaced about the success of […]

Don’t Hit Snooze on Brookings Automation Alarm But Don’t Stress Out, Either

Don't Hit Snooze on Brookings Automation Alarm But Don't Stress Out, Either

The new Brookings Institution report on how automation will impact various employment sectors concluded with a set of suggested economic initiatives aimed at "mitigating coming stresses" as America moves into the age of AI.

Few could argue against investments in education and skills-retraining; and certain "uniquely human qualities" are of course worth fostering (although most universities are deemphasizing humanities).

So which of our qualities win the future of employment? It’s a question with which society has been grappling since the start of the Industrial Revolution. Any stressed-out workers in the most vulnerable occupational groupings — production (including manufacturing), food service, transportation […]

The Effect of AI Across the US and How to Adjust

The Effect of AI Across the US and How to Adjust

New Brookings study says the potential effects will “vary significantly across occupations, regions, and demographic groups,” so policymakers have a lot to do to adapt to the new reality.

Whatever you look artificial intelligence is present. In order to get a handle on how and where this technology, and automation in general, will impact U.S. workers, the Brookings Institute analyzed data in a variety of industries, geographies, and demographic groups across the country.

“The next phase of automation, increasingly involving AI, seems like it should be manageable in the aggregate labor market, though there are many sources of uncertainty,” said Mark […]

Davos: why measures of economic progress must consider the quality of work on offer

Davos: why measures of economic progress must consider the quality of work on offer

Davos offers a place for the rich and not-so-famous to meet and exchange views on the present and future of capitalism . As in previous years, the theme of automation and the “fourth industrial revolution” has been a core of the 2019 meeting. The concern is over how technology might help to raise economic growth and add to prosperity.

Lip service, of course, is paid to wider social and ethical goals, but in truth the central concern is with the needs of the global economy. The worship of growth (measured by GDP) dominates proceedings.

But this focus diverts attention from what […]

Automation: The leader of digital transformation

Automation: The leader of digital transformation

INDUSTRY 4.0 is impacting the world by storm. For Singapore to remain relevant in this highly globalised and competitive environment, businesses need to continuously innovate and use their resources more effectively. The manufacturing industry is no exception.

Manufacturing – which contributes about 20 per cent of Singapore’s gross domestic product (GDP) and 14 per cent of total employment – is being impacted by new technologies, changes in global supply chains and consumer demands. Local manufacturers must adapt to these technologies, such as robotics, to remain relevant.

Singapore’s manufacturing base has been gearing up to adopt the Industry 4.0 model to enhance […]

AI to hit hardest in U.S. heartland and among less-skilled: Study

AI to hit hardest in U.S. heartland and among less-skilled: Study

A user demonstrates Movia Robotics educational software for children with autism on an Avatarmind iPal robot during the 2019 CES in Las Vegas, Nev., Jan. 9. REUTERS/Steve Marcus

WASHINGTON (Reuters) — The Midwestern states hit hardest by job automation in recent decades, places that were pivotal to U.S. President Donald Trump’s election, will be under the most pressure again as advances in artificial intelligence reshape the workplace, according to a new study by Brookings Institution researchers.

The spread of computer-driven technology into middle-wage jobs like trucking, construction, and office work, and some lower-skilled occupations like food preparation and service, will also […]

Chefs and truck drivers beware: AI is coming for your jobs

Chefs and truck drivers beware: AI is coming for your jobs

Robots aren’t replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a new Brookings Institution report.

Thursday’s report from the Washington think tank says roughly 36 million Americans hold jobs with "high exposure" to automation — meaning at least 70 percent of their tasks could soon be performed by machines using current technology. Among those most likely to be affected are cooks, waiters and others in food services; short-haul truck drivers; and clerical office workers.

"That population is going to need to upskill, reskill or change jobs […]

Study: Automation Will Hurt Manufacturing-Heavy Midwest

Study: Automation Will Hurt Manufacturing-Heavy Midwest

Manufacturing-heavy states in the Midwest will be hit hardest by the rise of artificial intelligence (AI) and automation for lower-skilled jobs, according to a new study by Brookings Institution researchers.

Reuters reported that automation technology’s melt into middle-wage jobs like construction, office work, truck driving and even food prep and food service will see more and more jobs displaced by computer technology.

Certain states will be heavily affected, like Indiana, Kentucky, South Dakota, Arkansas and Alabama. Wisconsin, Iowa and Ohio, which are heavy manufacturing states, will be the hardest hit.States like New York and Maryland have only a fifth of […]

Spread of artificial intelligence to hit Midwest hardest, study finds

Spread of artificial intelligence to hit Midwest hardest, study finds

WASHINGTON • The Midwestern states hit hardest by job automation in recent decades, places that were pivotal to President Donald Trump’s election, will be under the most pressure again as advances in artificial intelligence reshape the workplace, according to a new study by Brookings Institution researchers.

The spread of computer-driven technology into middle-wage jobs like trucking, construction, and office work, and some lower-skilled occupations like food preparation and service, will also further divide the fast-growing cities where skilled workers are moving and other areas, and separate the high-skilled workers whose jobs are less prone to automation from everyone else regardless […]

Automation will change every job, but only 25% are on the chopping block

Automation will change every job, but only 25% are on the chopping block

Coming for a job near you. Automation is coming, but not for everyone. Researchers at the Brookings Institution estimate just 25% of occupations in the US—in production, food service, and transportation—are at “high risk” for losing jobs from the advance of automation. “Automation is not the end of work,” said Mark Muro, policy director for the Brookings Institution’s program on urban economies and co-author of a study published Jan. 24.

Most occupations will see specific tasks assumed by machines, but much of their labor will likely be enhanced, rather than fully replaced, through automation, the study found. That’s because automation […]