Tag: manufactur

On Process, Automation, Jobs & Social Unrest…

I grew up steeped in the concepts of the “differential diagnosis” at the dinner table. Both of my parents were physicians – at a time when this was a true rarity – and they applied the concept to solving pretty much everything. Consider the observed evidence. Determine fact versus speculation. Generate a hypothesis. Narrow the array of possible answers by elimination. Loop again and again. Evaluate the answer you generate afterwards. This family meme generates a tendency to talk things through out loud – not great for cocktail party conversation, but pretty good for solving problems.

This hypothetico-deductive approach can […]

Why isn’t the US job market more dynamic?

Why isn’t the US job market more dynamic?

There’s no doubt automation is affecting the US job market. It always does. For instance: US manufacturing output rises as employment falls , thanks in part to more and more capable machines helping humans become more productive. And automation is a key contributor to job market polarization. Jobs are created at the top and bottom but not so much in the middle. Machines have been replacing humans in middle-skill jobs that involve performing “routine, codifiable tasks,” as explained by economist David Autor .

But acknowledging those impacts is a lot different than claiming that the rise of the robots is […]

Why being a specialty butcher is a hot job right now

Why being a specialty butcher is a hot job right now

Craft beer makers. “Mixologist” bartenders who have far more up their sleeves than a gin and tonic. Barbers who hark back to a bygone era of style. Butchers who slice and dice their way through entire animals, with a modern focus on sourcing and sustainability. Are these the types of jobs—in fields that have been around for decades, but which have lately taken on a more specialized, artisanal focus—that can power the economy in the coming years?

Richard Ocejo may not quite go that far, but the trend epitomized by those jobs is major and unavoidable, in his eyes. Ocejo […]

Here come the job killers!

Here come the job killers!

Illustration: Ashish Asthana At Raymond Limited’s modern textile facility in Vapi, whenever a supervisor has to check up on the looms, he doesn’t go walking around the factory floor asking the workers. He just looks at a computer screen. Looms in operation, their speed, their electricity and steam consumption, their error alarms – everything is available to him at a glance. The factory rolls out 75,000 metres of fabric daily, employing 1,100 workers. Just four years ago, a traditional weaving unit would produce no more than 18,000 metres, employing 2,600 workers. Harish Chatterjee, vice-president (manufacturing) at Raymond, attributes the […]

Organised sector crucial to growth in employment: NITI Aayog

Organised sector crucial to growth in employment: NITI Aayog

Debroy also mentioned that out of a total workforce of around 500 million people, the organised sector accounted for just 100 million people at best. (PTI) Stressing on the importance self-employment outside agriculture, Dr. Bibek Debroy, Member, Niti Aayog said India is a largely informal and an unorganised economy with about 90 percent of the people employed in the informal sector. Speaking at the panel discussion on Economy of Jobs here on Thursday , Debroy highlighted that the employment situation in India has not changed substantially since the launch of the book ‘Economy of Jobs’ at FICCI’s 89th AGM […]

Organised sector crucial to growth in employment: NITI Aayog

Organised sector crucial to growth in employment: NITI Aayog

New Delhi [ India ] May 12 : Stressing on the importance self-employment outside agriculture, Dr. Bibek Debroy , Member, Niti Aayog said India is a largely informal and an unorganised economy with about 90 percent of the people employed in the informal sector.

Speaking at the panel discussion on Economy of Jobs here on Thursday , Debroy highlighted that the employment situation in India has not changed substantially since the launch of the book ‘Economy of Jobs’ at FICCI’s 89th AGM in December 2016.

Debroy also mentioned that out of a total workforce of around 500 million people, the organised […]

Organised sector crucial to growth in employment: NITI Aayog

Organised sector crucial to growth in employment: NITI Aayog

PICS: Couple gets married at Mount Everest and the photos are no less than a DREAM!

Buddha Purnima 2017: 8 exceptional pics showing preparations for the Vesak!

10 best destinations for adventure sports lovers in India! World Heritage Day 2017: Top 10 stunning heritage sites by UNESCO that will definitely make your jaws drop with amaze! IN PICS: Hawai Adda of Ludhiana is first airplane restaurant of India set in original aircraft! New Delhi [India] May 12 (ANI): Stressing on the importance self-employment outside agriculture, Dr. Bibek Debroy, Member, Niti Aayog said India is […]

Automation Rewrites Job Descriptions

Automation Rewrites Job Descriptions

The transformation of the workplace through automation may represent the greatest shift in the economy ever seen. While factory workers were the first to see robots change their work processes and eliminate some of their jobs, the impact of automation is now being felt by white collar workers as well. McKinsey Global Institute estimates half of U.S. work activities could be automated by 2055 or sooner. [1]

Automation is attractive because it reduces costs and improves productivity, especially in times of lackluster economic productivity growth and aging workforce populations. McKinsey estimates automation could increase global productivity growth in the […]

Job automation threatens employment opportunities

Job automation threatens employment opportunities

Future jobs will be replaced with proliferation of artificial intelligence and robotics. | Tim Seeberger/THE CHIMES While President Donald Trump has worked on keeping American factories alive by rewriting trade deals, taxing imports and removing regulations, a greater risk to the loss of jobs lies ahead. The automation of jobs has been a threat on the horizon for years. 38 percent of jobs in the U.S. are at high risk of being replaced by robots and artificial intelligence over the next 15 years, according to a report by PricewaterhouseCoopers . Many manufacturing and warehouse jobs have been taken over […]

The Robots Taking Factory Jobs Just Had Their Best Quarter Ever

The Robots Taking Factory Jobs Just Had Their Best Quarter Ever

The North American robotics industry had its best first quarter ever in 2017, in terms of both money made and robots sold.

A new report published last week by the Robotic Industries Association finds that “an all-time high total of 9,773 robots valued at approximately $516 million were ordered from North American robotics companies during the first quarter of 2017.” It marks a 32 percent increase in units sold from the first quarter of 2016 and 28 percent growth in the value of the units.

There was also a 3 percent decrease in the average price of these units over the […]