Tag: manufactur

COLIN MACKAY: Advances causing job losses

COLIN MACKAY: Advances causing job losses

Columnist Colin MacKay. BELLEVILLE – Technological advances are helping to make people’s lives more convenient, but it’s coming at a price.
Automation, especially incorporating robotics, are eliminating jobs, particularly manufacturing ones. The theory goes technological advancement encourages growth and, in turn, creates jobs. However, as robotics continues to advance and replace people, the move away from traditional manufacturing jobs to service jobs is likely not progressing at a break even point. In Davos, Switzerland, at a World Economic Annual meeting, the idea of universal basic income was floated, due to the increasing number of jobs being lost. Replacing […]

New Technologies, Automation And The Future

New Technologies, Automation and the Future

Elliott R. Morss© All Rights Reserved

Introduction In recent postings, I have joined many others in speculating on what effects the information revolution will have. Already, its impact has been tremendous. Its effects include: The elimination of a huge number of jobs lost in both service and production industries; Social media has completely transformed the manner in which we interact/communicate; Online shopping is growing rapidly, and Digital communication has resulted in an acceleration of technological discoveries. So what is coming? Since 2002, the McKinsey Global Institute (( MGI )) has been tracking changes […]

New Technologies, Automation And The Future

New Technologies, Automation And The Future

Summary

It is hard to grasp just how rapidly technological change is occurring.

In this piece, I use a recent McKinsey Global Institute study to map where we are now and where we are going.There is good and danger ahead. New Technologies, Automation and the Future Elliott R. Morss© All Rights Reserved Introduction In recent postings, I have joined many others in speculating on what effects the information revolution will have. Already, its impact has been tremendous. Its effects include: The elimination of a huge number of jobs lost in both service and production industries; Social media has completely transformed […]

Trade Deal Proponents Double Down in Defense of Harmful Policy

Trade Deal Proponents Double Down in Defense of Harmful Policy

While the automation of many industrial jobs has been blamed for the their loss, the real culprit could instead be international trade agreements that shipped manufacturing jobs overseas. (Photo: Phasmatisnox ; Edited: LW / TO)

With the official death of the Trans-Pacific Partnership (TPP) and the likely renegotiation of the North American Free Trade Agreement (NAFTA), the proponents of these deals are doubling down in their defense of the current course of US trade policy. While there are serious arguments that can be made in defense of these policies, advocates are instead seeking to deny basic reality.

These trade policy proponents […]

Rise of the machines: Fear robots, not China or Mexico

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President Trump portrays Mexico, China and global trade as the biggest threats to American manufacturing jobs.

“It has been a one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost,” Trump tweeted on January 26.His predecessor also offered a warning to American workers, of a different kind.“The next wave of economic dislocations won’t come from overseas. It will come from the relentless pace of automation that makes a lot of good middle class jobs obsolete,” President Obama said in his farewell address.Research supports Obama’s claim. Far more jobs are lost to robots and automation — […]

What Jobs Sectors Will Artificial Intelligence Take Over in the Near Future?

What Jobs Sectors Will Artificial Intelligence Take Over in the Near Future?

Do you think AI will decrease human labor? originally appeared on Quora : the place to gain and share knowledge, empowering people to learn from others and better understand the world .

20M-40M jobs are in peril in the US from developments in AI and other technology — 15 to 30% of the US labor force. So if foreseeable technologies materialize, then then the need for human labor could decrease.

Technology always puts existing jobs under strain. This doesn’t immediately mean that human labor as a whole is under threat. Generally, other professions grow to fill the loss, often creating more […]

Rise of the machines: Fear robots, not China or Mexico

Rise of the machines: Fear robots, not China or Mexico

NEW YORK (CNNMoney) — President Trump portrays Mexico, China and global trade as the biggest threats to American manufacturing jobs.

"It has been a one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost," Trump tweeted on January 26.

His predecessor also offered a warning to American workers, of a different kind."The next wave of economic dislocations won’t come from overseas. It will come from the relentless pace of automation that makes a lot of good middle class jobs obsolete," President Obama said in his farewell address.Research supports Obama’s claim. Far more jobs are lost to […]

51% of all job tasks could be automated by today’s technology

Automation in the workplace has been one of the looming existential threats to American workers for years now. And with each new study published, the fear of robots, machines, and artificial intelligence coming to take our jobs ticks higher.

But a new report from McKinsey finds that the future of work and automation isn’t quite the zero-sum game when it comes to jobs as some perceive.

Right now, 51% of job activities could be automated with “currently demonstrated” technology, the McKinsey report says. The distinction is noteworthy: McKinsey isn’t saying half of all jobs can be automated with existing technology, but […]

Hicks: Trade deals won’t change manufacturing employment

Hicks: Trade deals won’t change manufacturing employment

(Photo: Photo provided by Ball State University) This year marks the 40th anniversary of peak factory jobs in the United States. These jobs have been in nearly steady decline ever since. Something close to this trend has occurred throughout the developed world for a half century. At the same time, manufacturing production hit a new record in 2015. This is true no matter how you measure it; the inflation-adjusted value of goods produced, the quantity-adjusted chain indices or value-added measures. Now, admittedly the data isn’t in yet, but it is likely 2016 will have displaced 2015 as the record […]

Robots may soon take over millions of jobs in ASEAN, reveals ILO study

Robots may soon take over millions of jobs in ASEAN, reveals ILO study

Urges stakeholders to prepare and adapt to changes

New Delhi, January 29:

Flagging the imminent takeover of million of jobs by disruptive technologies such as robotics, automation, cloud, Internet of Things etc., a new ILO study urges all stakeholders — government, employers and employees — to lose no time in adapting to these changes to skill their workforce, create meaningful employment and prepare its workforce.The study, ‘ASEAN in Transformation’, covers five export-oriented sectors — automotive and auto parts; electrical and electronics; textile, clothing and footwear (TCF) in manufacturing, and business process outsourcing and retail in services in the Association of South […]