Tag: manufactur

When robots take more and more jobs, how will humans get paid?

When robots take more and more jobs, how will humans get paid?

What if governments just gave money to people?

That’s the big question that Thomas Weisskopf ​, professor emeritus of economics at the University of Michigan, is asking. Since automation is replacing human-powered labor in fields like manufacturing, robust employment may be a thing of the past. A permanent surplus of labor has massive consequences, driving down wages and even contributing to social unrest. According to Weisskopf, such a dramatic problem demands a dramatic solution. An automated welding arm Weisskopf said in using “basic income grants,” an amount of money would be handed out to every citizen “without any conditions whatsoever.” […]

Obama: Amazon is ‘killing traditional retail,’ and ‘relentless’ automation is the real threat to jobs

Obama: Amazon is ‘killing traditional retail,’ and ‘relentless’ automation is the real threat to jobs

Former U.S. President Barack Obama. (Facebook.com/WhiteHouse.) New U.S. President Donald Trump is focused on expanding the U.S. economy through tougher trade deals with countries including Mexico and China, and efforts to rebuild the base of manufacturing jobs in the United States.

Barack Obama says the Democratic Party should be thinking about the real threat to jobs: technology and automation.

“Automation is relentless and it’s going to accelerate,” Obama said in his final interview as president, a podcast with four of his former aides, published over the weekend. “You saw just what happened to retail stores, sales this past Christmas. Amazon and […]

Half of work activities could be automated by 2055

Half of work activities could be automated by 2055

Fears that accelerating automation is going to eat its lion’s share of jobs continue to plague corporate sectors. However, new research from McKinsey Global Institute may talk folks afflicted with automation phobias down from the ledge.

The research group says that although half of today’s work activities could be automated, it may not happen until 2055. Or 2035. Or even 2075. Where the statistic falls along the S curve depends on various factors, such as breakthroughs in artificial intelligence and economic conditions, says Michael Chui, a McKinsey Global Institute partner and an author of the report . Chuiand other researchers […]

Davos – the rich are worried

Davos - the rich are worried

‘I can’t wait to see how the incoming administration deals with AI," said US Secretary of State John Kerry in a less-than-gracious reference to the fact that the Trump team has not got a clue about the real driving force in the changing world economy. What was striking was that Kerry did not have to clarify his remark for the 2,000 "global leaders" – politicians, bureaucrats, business representatives and public intellectuals – who are in the Swiss alpine town of Davos for the annual World Economic Forum. They all know what he is talking about. This year’s Davos gathering […]

The Rich Are Worried

"I can’t wait to see how the incoming administration deals with AI (artificial intelligence)," said US Secretary of State John Kerry, in a less-than-gracious reference to the fact that the Trump team hasn’t got a clue about the real driving force in the changing world economy.

What was striking was that Kerry didn’t have to clarify his remark for the 2,000 "global leaders" – politicians, bureaucrats, business representatives and public intellectuals – who are in the Swiss alpine town of Davos for the annual World Economic Forum (WEF). They all know what he’s talking about.

This year’s Davos gathering is actually […]

Thread: U.S. investors see more automation, not jobs, under Trump administration

Aha I’ve found it. The Autors paper on trade and automation. Lets check it out.
Local labour markets with greater exposure to trade competition experience differentially large declines in manufacturing employment, with corresponding growth in unemployment and non-employment. The employment decline is not limited to production jobs but instead affects all major occupation groups, including a notable decline in managerial, professional and technical jobs. Employment losses are particularly large among workers without college education, for whom we also observe employment declines outside the manufacturing sector which may stem from local demand spillovers. While trade exposure reduces overall employment and […]

#WEF2017: Job-stealing robots a concern

#WEF2017: Job-stealing robots a concern

data-reactid=”.1jmkssv98ac.1.5.1.0.3.1.1.0″> world economic forum

Panasonic’s prototype delivery robot, HOSPI, designed to serve bottled beverages and provide bus information, is pictured at a hotel near Narita International Airport in Narita Davos – Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines.

And while business leaders gathered at the annual World Economic Forum (WEF) in Davos relish the productivity gains technology can bring, they warned this week that the collateral damage to jobs needs to be addressed more seriously.From taxi drivers to healthcare professionals, technologies […]

Gwynne Dyer: Rise of the machine — why the rich are worried

Gwynne Dyer: Rise of the machine — why the rich are worried

A man works amid orange robot arms at Rapoo Technology factory in the southern Chinese industrial boomtown of Shenzhen, Aug. 21, 2015. The job market has changed greatly in the past decade, with manufacturing and administrative jobs in decline due to globalization and automation. ©Vincent Yu/AP file photo Gwynne Dyer What was striking was that Kerry didn’t have to clarify his remark for the 2,000 “global leaders” — politicians, bureaucrats, business representatives and public intellectuals — who are in the Swiss alpine town of Davos for the annual World Economic Forum (WEF). They all know what he’s talking about.

This […]

Trump wants to fight the effects of trade, but what about automation?

Trump wants to fight the effects of trade, but what about automation?

Karen Rosado made leather knives in Southbridge. President Donald Trump has spoken often about trade’s effect on US manufacturing employment but has said comparatively little about another economic force that has caused factories to shed jobs: high-tech machines and automation.

At the Hyde Group’s Southbridge factory, the amount of work that 100 employees do now would have required 180 workers more than a decade ago, said Bob Clemence, the company’s vice president of sales.

While the number of blue-collar assembly-line jobs at US factories has been dropping in huge numbers for decades, Enrico Moretti, a professor at the University of California, […]

Half of work activities could be automated by 2055

Half of work activities could be automated by 2055

Credit: Thinkstock Fears that accelerating automation is going to eat its lion’s share of jobs continue to plague corporate sectors. However, new research from McKinsey Global Institute may talk folks afflicted with automation phobias down from the ledge.

The research group says that although half of today’s work activities could be automated, it may not happen until 2055. Or 2035. Or even 2075. Where the statistic falls along the S curve depends on various factors, such as breakthroughs in artificial intelligence and economic conditions, says Michael Chui, a McKinsey Global Institute partner and an author of the report . Chuiand […]