Tag: manufactur

Is Skynet really coming for our jobs?

Cross-posted from Independent Australia :

It’s almost scary to think that the world as we know it may well be run by Artificial Intelligence ( AI ) one day.

While the risk of an imminent AI disruption of the labour market may sound like a fantasy, those with the most advanced AI technologies at hand think that AI is an imminent threat. They say an Industry 4.0 or cyber physical systems ( CPS ) revolution is coming whether we like it or not. Is this really true?AI in the labour market means the use of intelligent software to […]

The Four Challenges of the Fourth Industrial Revolution

The Four Challenges of the Fourth Industrial Revolution

The evolution of global industries to Industry 4.0 (Rev 4.0) is both exciting and scary. Industry 4.0 is the designated code name for a combination of traditional manufacturing practices and industrial processes with technological capabilities, from automation to AI. From factories becoming self-monitoring to delivery vehicles becoming self-driving. Whilst there are many benefits of Industry 4.0, there are several key challenges that lie ahead. Cybersecurity

Having everything attached to everything else in the Internet of things (IoT) is going to monumentally increase the vulnerabilities present in any given network. With more nodes, connections and burden of connectivity, systems are […]

It’s a tough economy for workers without a bachelor’s degree. But it’s better in Minnesota than in a lot of other states.

It’s a tough economy for workers without a bachelor’s degree. But it’s better in Minnesota than in a lot of other states.

Minnesota’s manufacturing sector is more focused on durable goods (goods that last for more than three years) which tend to be more expensive to manufacture and transport than nondurable goods. The 2016 election brought a renewed national focus on the plight of the blue collar worker in the modern American economy. With the bulk of growth in well-paying jobs happening in more skilled sectors, where is the worker without a four-year degree to go to find work?

Minnesota, for one, according to a new report from researchers at Georgetown University’s Center On Education and the Workforce , which ranked Minnesota […]

How to make world class in India

How to make world class in India

The manufacturing sector in India is expected to contribute 25% of GDP by 2020 and reach trillion by 2025. Human mind has always been stimulated by automation and artificial intelligence (AI). In today’s age, what is needed is not the denial of their existence and relevance, but the need to acknowledge the harmony. The manufacturing sector in India is expected to contribute 25% of GDP by 2020 and reach $1 trillion by 2025. It will demand higher productivity, better efficiency, reliability, perfection, uniformity, flexibility, customised solutions and, above all, matching global standards—directly associated with choosing the right technology, i.e. […]

How Will Artificial Intelligence Impact the UK Economy?

How Will Artificial Intelligence Impact the UK Economy?

Nearly 50 years since the IT revolution, the fourth industrial revolution is looming and it will be instigated by Artificial Intelligence (AI) . This is the growing phenomenon where machines act like humans. AI can involve analysing large datasets through to automating manual tasks in a factory. Companies such as Facebook are researching ways to help the blind see pictures and Google has a goal to create a self driving car. There is also a plethora of financial startups erupting the market to automise back office operations through to accounting functions. Now seems like the most prevalent time to […]

How NAFTA has hurt Canadian auto jobs

How NAFTA has hurt Canadian auto jobs

The U.S. desire to renegotiate NAFTA goes beyond Trump and Canada could stand to benefit as more jobs move to Mexico. In this 2013 photo, workers manufacture car dash mats at a maquiladora belonging to the TECMA group in Ciudad Juarez, Mexico. With the implementation of the North American Free Trade Agreement 20 years ago, many North American and international companies have moved their manufacturing to Mexico at a lower cost and while auto, electronics and agriculture sectors in Mexico has grown, a majority of Mexicans have seen little benefit in income. With a critical NAFTA renegotiations on the […]

Will technology cause society to collapse in 30 years? This former Facebook exec says yes

Will technology cause society to collapse in 30 years? This former Facebook exec says yes

Antonio García Martinez issued warnings about the potential dangers of automation and AIBBC iPlayer/BBC With smartphones in our hands and self-driving cars sitting in our driveways, the human race will spiral into revolt, despair and conflict as artificial intelligence (AI) and robot technology completely destroy the job markets. These are the predictions ofa former Silicon Valley executive.

Antonio García Martinez, a former product manager at social giant Facebook, left his position in 2015 and now lives in a remote part of the US as a self-described recluse. He traded in his computers for a tepee, a compost toilet and some […]

Filling jobs toughest task for Tennessee manufacturers

Filling jobs toughest task for Tennessee manufacturers

Denise Rice, director of Cleveland operations and development… With one of every four factory workers retiring in the next decade, Tennessee manufacturers say their biggest worry is getting enough qualified workers for the future for increasingly technology-based factories, even with an average manufacturing wage in the state of $66,000.

Despite the labor challenge, however, manufacturers are more optimistic since Donald Trump was elected president and the state revamped its tax system this year.

Among major manufacturers in the Volunteer state surveyed by the Tennessee Manufacturers Association earlier this year, workforce challenges were identified as their biggest concern, ahead of concerns over […]

The Crisis of World Automation

The Crisis of World Automation

Stock-Markets / Stock Market 2017

“Money is an amazing, device without which modern civilization could not function but its introduction and development as a debt-credit accountancy system in the context of an increasingly labor-displacing, intensive capital producing system, involves a number of fundamental issues of which we must become aware of and for which we must compensate through a new economic orthodoxy. Keynesianism is dead. Let us actively bury it and move on, rather than let the corpse rot and its disease destroy the natural creative resourcefulness of nations”.

Wallace Klink, Social Credit Archivist. Senior fellow […]

Manufacturing Adds 16,000 Jobs in July

Manufacturing Adds 16,000 Jobs in July

Senior Editor US manufacturing added 16,000 jobs last month, with makers of durable goods doing the heavy lifting.

The durable goods sector added 13,000 jobs while makers of non-durable goods boosted employment by 3000, according to a breakdown by industry issued today by the US Bureau of Labor Statistics.

Notable job gainers included fabricated metal products (up 5000 jobs), transportation equipment (3800) and machinery (2100).Within transportation equipment, motorized vehicles and parts added 1600 jobs. That sector had lost 1300 jobs in June.The auto industry is seeing US sales soften following a record 2016 with 17.55 million deliveries of cars and light […]