Tag: manufactur

Automation’s Positive Effect: 90% Automation In Chinese Factory Results In 250% More Output, 80% Reduction In Defects

Automation’s Positive Effect: 90% Automation In Chinese Factory Results In 250% More Output, 80% Reduction In Defects

One of the first lessons which a business learns via hard way is that it exists for one sole purpose: making profits. A hardcore business is different from a social service, and providing employment is not it’s main objective of creation, but a means to achieve its business goals.

If automation leads to more productivity, reduction in errors, then is there any real reason for opposing it, even if it means a reduction in employment? A recent case study from a Chinese factory forces us to ask this question, in a hard way. Automation’s Positive Side-Effect in A Chinese Factory

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Opinion: Canada’s economy can thrive in automated future

Opinion: Canada's economy can thrive in automated future

World Economic Forum founder and executive chairman Klaus Schwab: The consequences of job automation were a reoccurring theme. In 2017, the United States government will attempt to revive industrial jobs from the 20th century — and we in Canada might be tempted to follow suit.

Employment in manufacturing and resource extraction continues to decline even though a majority of the companies in the Toronto Stock Exchange Composite Index still belong to those sectors.

Yes, it’s frustrating that these companies represent so much of Canada’s economic value yet employ fewer and fewer people. But no, they cannot revive jobs that technology is […]

Futures Shaped by Automation and Catastrophe: Peter Frase on Capitalism’s Endgame

Futures Shaped by Automation and Catastrophe: Peter Frase on Capitalism's Endgame

What will replace capitalism as we currently know it? (Photo: Wolf-Ulf Wulfrolf / Flickr) Is capitalism’s collapse inevitable? If so, what kind of post-capitalist society do we face? In Four Futures: Life After Capitalism , Peter Frase draws on social science, speculative fiction and social theory to create an engaging and thought-provoking portrait of four possible scenarios, some more dystopian than others. Order your copy of this book today from Truthout by clicking here!

As we automate more jobs and continue on a road to scarcity of resources, whither capitalism? The following is the Truthout interview with Peter Frase, […]

As economy becomes more automated, is your job safe?

As economy becomes more automated, is your job safe?

Podcast

A study by Oxford professors Michael Osborne and Carl Benedikt Frey estimates that 47 percent of jobs in the U.S. are at risk of being automated in the next 20 years. In his farewell speech, former President Obama spoke of the relentless pace of automation that is making good middle class jobs obsolete. Tom Martin talks about the implications of automation with Dr. Chris Bollinger, professor of economics and director of the Center of Business and Economic Research in the University of Kentucky’s Gatton College of Business and Economics.

Click here to hear the audio version of the interview: […]

Automation

Finally, Michigan can sleep easy. The factories are coming back. Ford’s CEO, Mark Fields, has cancelled a $1.6 billion investment in Mexico and is, instead, injecting $700 million into existing operations in the Great Lake State. This “Great Again” outcome is expected to create 700 jobs over the next four years.

Ford says that “changing business conditions” impacted their decision to cancel the Mexico operation, and they’re right. Business conditions are changing. For starters, 3D printers and robots are faster and more precise than even foreign laborers. Not to mention, robots don’t need to feed a family or pay the […]

25% of CEOs’ Time Is Spent on Tasks Machines Could Do

25% of CEOs’ Time Is Spent on Tasks Machines Could Do

Soon after taking office, the new president created a national commission to examine the impact of automation. No family should pay an unjust price for progress, he announced, yet automation should not be viewed as an enemy. “If we understand it, if we plan for it, if we apply it well, automation will not be a job destroyer or a family displaced. Instead, it can remove dullness from the work of man and provide him with more than man has ever had before.”

The U.S. president who spoke those words was Lyndon B. Johnson , and the year was 1964.

A […]

The future of manufacturing

The future of manufacturing

There’s growing optimism about a revival, but it won’t be what you think

The other day I had a conversation with a Manchester stockbroker who was bullish on the future of U.S. manufacturing. Parenthetically, this claim and others he made reminded me of two things about stockbrokers. One is by design – they have an eye to the future. The second is that they are capable of disrupting conventional wisdom with their insights.

So what are we to believe about the current state and future of manufacturing careers in the U.S.? Recent history and economic news has shown a declining […]

Nearshoring, Labor, and Automation

Nearshoring, Labor, and Automation

Robots Answer Shortage of Humans as Manufacturers Relocate

Nearshoring is reducing distances of shipments of export cargo and import cargo in international trade. Nearshoring —in which companies move production facilities closer to their consumer markets—is a phenomenon that appears to have found its footing.

A 2016 annual survey from Alix Partners of manufacturing and distribution companies in North America and western Europe found that 69 percent say they are considering nearshoring—up from 40 percent the year before. More than two-thirds say they’ve nearshored in the past three years or plan to do so in the coming three.One of the drivers […]

The Future of Employment in South Korea with Artificial Intelligence

The Future of Employment in South Korea with Artificial Intelligence

The polarization in jobs and wages is likely to worsen with the introduction of intelligent machines. (image: KobizMedia/ Korea Bizwire) SEOUL, Feb. 2 (Korea Bizwire) – Ten years from now, the uncertainty in the South Korean job market will have worsened. More than a handful of jobs will have been replaced by artificial intelligence, although technological advancements will allow for several new occupations. Continued innovation in manufacturing, including 3D printing, will bring rise to more startups and self-employed businesses.

These are some of the projections for the year 2027 suggested by the Ministry of Science, ICT and Future Planning along […]

Letter: Exclusionary policies will hurt American workers

Letter: Exclusionary policies will hurt American workers

Many working-class Americans have felt abandoned by a government more focused on identity politics than the fact that their real wages have been stagnant for decades. Thirty-four percent of adults have no savings. Unfortunately, new trade and economic policies of exclusion will not help.

Five million American jobs depend on trade with Mexico. Largely as a result of Donald Trump’s candidacy and election, the peso has been devaluated five times since 2016.

The loss of manufacturing jobs is more a product of automation than trade policy. Since the 2009 economic recovery, 88 percent of these jobs require more than a high […]