Tag: manufactur

Enough With Estimations, Focus On How To Face Consequences Of Layoffs Due To Automation

Enough With Estimations, Focus On How To Face Consequences Of Layoffs Due To Automation

Layoffs Due To Automation: Estimations Pouring In, But What About Facing Consequences? Yes, the technology is advancing. Yes, the wave of automation coming. Yes, there will be job cuts. Yes, they will be immense. Every research firm and experts have been estimating that there be an enormous amount of job cuts due to automation in next few years and decade in different fields including manufacturing, BPO, automobile, and others. There are long-held discussions and debates on discussion forums and online platforms such as Reddit about how automation would replace labor and enhance the production capacity. It seems that there […]

Missing in the future of jobs debate: the elasticity of human needs

Missing in the future of jobs debate: the elasticity of human needs

There is a lot of debate on whether Industry 4.0 with a strong underpinning of artificial intelligence (AI) and machine learning is going to result in large-scale unemployment. This seems a bit odd because neither technology nor automation is a 21st-century phenomenon! They are as old as humanity itself, and if this appears an exaggeration, then they are at least as old as the industrial revolution at least.

The battle between man and machines goes back centuries. At one point of time, the worry was what would happen if spinning machines replaced weavers and if steam engines took the place […]

Automation vs jobs

Brown published: Automation vs. Sep 15, 2017 · The fear of robots replacing jobs is real — consider self-checkout kiosks and self-driving trucks. Experience strongly influences income for this job. S. Jobs. com/cgpgrey ## Robots, EtcStudents searching for Automation Technician: Job Description, Duties and Requirements found the links, articles, and information on this page helpful. Salary Comparisons: Which profession earns more software testing Test Automation YouWorth allows anyone to import LinkedIn skills and track their job …Since the turn of the century, the global recession has affected most businesses, including industrial automation. The skills that increase pay for this […]

Don’t blame Harley-Davidson for making a smart business decision

Don't blame Harley-Davidson for making a smart business decision

I ride motorcycles. I’m partial to Harley-Davidson motorcycles because I’m from Wisconsin, home of the company’s headquarters, but also because I have fond memories of riding my Harley with many friends, when I was a member of Congress, during the annual Rolling Thunder event in Washington to honor military veterans.

I understand Harley-Davidson’s recent decision to move production of its motorcycles for sale in the European Union to plants outside the United States.

It wasn’t a surprise — that’s what just about any company would do when faced with a 25 percent tariff imposed by the E.U. in response to President […]

McKinsey – the digital skills gap will get worse as cognitive automation intensifies

McKinsey – the digital skills gap will get worse as cognitive automation intensifies

I’ve been making fun of the periodic “IT skills crisis” proclamations long before we launched diginomica five years ago.

After a couple of decades, shouldn’t the sensationalism of a perpetual skills “crisis” give way to a more sober outlook? I’m cynical about the “crisis” language for two reasons: It fosters a misleading optimism for job seekers, who assume that investing in technical certifications will lead to immediate employment. Bottom-feeding pseudo-training companies exploit this hope.

The skills “crisis” is usually accompanied by proclamations from companies about talent shortages, when in fact the real problem is a lack of imagination in skills […]

We Won’t Feel AI’s Full Impact on the Workplace for Years to Come

We Won't Feel AI's Full Impact on the Workplace for Years to Come

PHOTO: Franki Chamaki In 2015, 65 percent of Americans believed robots and computers would take over most of the work in the next 50 years. Only two years later, that number dropped to 13 percent. Americans are clearly becoming more comfortable with the idea of automation in the workplace, but new advances in artificial intelligence (AI) continue to raise questions about what impact it will have on future jobs. The AI Explosion

New application for artificial intelligence (AI) are popping up all over, and many of us don’t even realize they’re there. Technology, from email spam filters to digital […]

Automation and Jobs: When Technology Boosts Employment

47 Pages Posted: 18 Mar 2017 Last revised: 28 Mar 2018 Abstract

Do industries shed jobs when they adopt new labor-saving technologies? Sometimes productivity-enhancing technology increases industry employment instead. In manufacturing, jobs grew along with productivity for a century or more; only later did productivity gains bring declining employment. What changed? Markets became saturated. While the literature on structural change provides reasons for the decline in the manufacturing share of employment, few papers can explain both the rise and subsequent fall. Using two centuries of data, a simple model of demand accurately explains the rise and fall of employment […]

Who’s afraid of the big bad robot?

Who's afraid of the big bad robot?

Beware the Bogeybot. This nefarious (and cheap!) automaton comes for the jobs of all the naughty workers who never bothered to learn a new skill.

It’s also a complete fairy tale. For years, economic analysts and businesspeople have warned that workers just weren’t learning the skills necessary to keep up with automation. And the moment robots became cheap replacements, the unskilled would be out on the street. But now that the American economy has clawed its way back to some semblance of health, this story is being revealed as essentially fiction.

The Wall Street Journal has a new report about […]

What is Structural Unemployment?

What is Structural Unemployment?

As one of the major types of unemployment, structural unemployment can contribute to keeping the unemployment rate high. It mainly occurs due to the technological innovations, migration, competition and the government policies such as trade agreements. The structural employment may happen at any phase of the business cycle. For example, structural unemployment is prevalent even during the period of expansion or high economic growth. In other words, it usually happens when employees are unable to find any jobs. Many economists consider structural employment as the long-lasting situation as it makes workers difficult to learn new technologies or migrate to […]

Double Your Money with the Best Artificial Intelligence Stock to Buy

Double Your Money with the Best Artificial Intelligence Stock to Buy

Artificial intelligence (AI) is going to change the way we do business, purchase products, and even get around. In fact, AI is already taking over from humans in industries from marketing to banking.

Just think about this. Self-parking cars were last year’s buzz, and now self- driving cars are already being tested. AI is not just for gamers anymore. But the concept is far from new.

ATMs, which allow us to bank remotely without any human intervention at all, now seem like ancient history.Robots already take our food orders at certain restaurants. This week, the first burger cooked and assembled by […]