Tag: manufactur

Opinion: Can humans compete with technology in the workplace?

Opinion: Can humans compete with technology in the workplace?

Since the Industrial Revolution, the fear of machinery and technology destroying jobs has gripped society.

At the turn of the 20th century, automobiles brought forth a new era of transportation, simultaneously rendering blacksmiths and wainwrights obsolete. The combine harvester, also an invention of the early 20th century, obliterated demand for agricultural human capital in the U.S.

The examples are endless, but these two exhibit a larger point: An underlying dread of technological advancement has persisted throughout centuries, and the sense of panic remains.Robotics and artificial intelligence threaten to render human labor an artifact of some inefficient past — a semblance of […]

Brave New World – How Technological Innovation Will Shape the Next Decade

Brave New World – How Technological Innovation Will Shape the Next Decade

HAVE you ever read an article about a new gadget that is set to take over the world?

If you have but the most tenuous grasp on technology affairs, you’ll have been bombarded with content about Artificial Intelligence, Robotics, Internet of Things, Automation and many other topics. You’ll have been left with your fair share of questions.

These are mine: How can I know what tech trend will stick around? Is there a way of knowing how our lives are likely to be affected in the next 10 years? Will our future be a mashup of the Matrix with iRobot? […]

A Future That Works: Automation, Employment, and Productivity

A Future That Works: Automation, Employment, and Productivity

View & Download Advances in robotics, artificial intelligence, and machine learning are ushering in a new age of automation, as machines match or outperform human performance in a range of work activities, including ones requiring cognitive capabilities.

In this report, part of our ongoing research into the future of work, we analyze the automation potential of the global economy, the factors that will determine the pace and extent of workplace adoption, and the economic impact associated with its potential. Automation of activities can enable businesses to improve performance, by reducing errors and improving quality and speed, and in some cases […]

Why Don’t All Jobs Matter?

Why Don’t All Jobs Matter?

President Trump is still promising to bring back coal jobs. But the underlying reasons for coal employment’s decline — automation, falling electricity demand , cheap natural gas, technological progress in wind and solar — won’t go away.

Meanwhile, last week the Treasury Department officially (and correctly) declined to name China as a currency manipulator, making nonsense of everything Mr. Trump has said about reviving manufacturing.

So will the Trump administration ever do anything substantive to bring back mining and manufacturing jobs? Probably not.But let me ask a different question: Why does public discussion of job loss focus so intensely on mining […]

Robots displace millions of Manufacturing Workers in US: Automation getting Cheaper and more Common

Robots displace millions of Manufacturing Workers in US: Automation getting Cheaper and more Common

US, April 15, 2017: The impact of automation on U.S. jobs is open to debate. Robots have displaced millions of manufacturing workers, and automation is getting cheaper and more common, raising concerns it will eventually supplant far more workers in the services sector of the economy, which includes everything from truck driving to banking.

University of Virginia Darden School of Business Professor Ed Hess says we are just starting to see automation’s impact. “It is going to be broad and it is going to be deep,” he said, adding that “tens of millions” of jobs could be at risk.

Data from […]

Automation Impacts President Trump Bringing Manufacturing Jobs Back To The US

When Donald Trump ran for President of the United States, he ran on a platform to bring jobs back from overseas. Trump believes that the only reason why the United States lost manufacturing jobs to overseas is because the United States government forced the American people to compete with those of another country. In other words, the government decided to trade with low production cost countries, which hurt the American people in the long run. However, it’s President Trump’s goal to fix the “mess” caused by previous administration. While it seems like President Trump has the best intentions for […]

Will Robots Replace Human Drivers, Doctors and Other Workers?

Will Robots Replace Human Drivers, Doctors and Other Workers?

The impact of automation on U.S. jobs is open to debate. Robots have displaced millions of manufacturing workers, and automation is getting cheaper and more common, raising concerns it will eventually supplant far more workers in the services sector of the economy, which includes everything from truck driving to banking.

University of Virginia Darden School of Business Professor Ed Hess says we are just starting to see automation’s impact. "It is going to be broad and it is going to be deep," he said, adding that "tens of millions" of jobs could be at risk.

Data from the Bureau of Labor […]

Breakfast with the Fed: Jobs for the middle class swing low and high

Breakfast with the Fed: Jobs for the middle class swing low and high

Civilian labor force participation rate for people age 25 to 54. | Courtesy of the Federal Reserve Bank of St. Louis. While the national unemployment rate has returned to recent historical norms of about 4 percent, the economy needs to add another two million jobs before it reaches full employment, a Federal Reserve economist said in Louisville Thursday. David Andolfatto David Andolfatto, vice president of the Federal Reserve Bank of St. Louis, also said that the number of middle class jobs has declined in the last decade and has given way to both low-wage and high-wage jobs, which is […]

Robots will change our jobs, more data will tell us how, new study suggests

Robots will change our jobs, more data will tell us how, new study suggests

FILE – In this Nov. 11, 2014 file photo, robots install rivets on a 2015 Ford F-150 truck at the Dearborn Truck Plant in Dearborn, Mich. Cheaper, better robots will replace human workers in the world’s factories at a faster pace over the next decade, pushing manufacturing labor costs down 16 percent, a report from the Boston Consulting Group said Tuesday, Feb. 10, 2015. (AP Photo/Paul Sancya, File) Updated 3 minutes ago

Advancements in technology, automation and robotics will change the nature of our workforce.

That is all but certain.But to what extent — how many jobs will it eliminate, create […]

Lehigh Valley manufacturing and the rise of the robots

Lehigh Valley manufacturing and the rise of the robots

VIDEO Local steel plant adding jobs… ALLENTOWN, Pa. – For many years now, America has been locked in a fierce debate about manufacturing jobs leaving the United States, where they are going, and why. When one digs into the numbers, it is indeed true that employment in the manufacturing sector has gone down. According to the Bureau of Labor Statistics, there are almost 2 million fewer factory jobs now in America than there were a decade ago.

But another less discussed fact is also true: during that same period of time, manufacturing production has gone up, after a significant dip […]