Tag: manufactur

Time to get real about automation and the future of work

Time to get real about automation and the future of work

My colleagues and I have written extensively about the mounting evidence that a bachelor’s degree is an essential educational credential for job security in the 21st century workforce, but whenever we do I brace for caustic feedback from skeptics in the comments section.

Our critics often point to the economic stability they enjoy because they were trained for a high-paying skilled trade jobs as evidence that we’re dead wrong about the value of a college education. But here’s the thing: The work landscape they knew yesterday -and know today -is rapidly changing, and only those who are brave and smart […]

McKinsey Study: Current Tech Could Automate Half of Paid Jobs Worldwide

McKinsey Study: Current Tech Could Automate Half of Paid Jobs Worldwide

A new study from McKinsey Global Institute estimates nearly half of activities employees carry out in the world’s workforce at approximately $16 trillion in wages could be automated with the use of currently demonstrated technologies.

McKinsey Global Institute said Thursday the report on “A future that works: Automation, employment, and productivity” has estimated automation to raise productivity growth by 1.4 percent annually.

The report says every occupation has the potential for partial automation and the opportunities most susceptible to automation include physical ones in manufacturing, food service and retail trades.The report added that expansion of robotics, artificial intelligence and machine learning […]

Young people must be protected from automation

Young people must be protected from automation

Cross-posted from The Conversation :

As technology advances and changes our economy, young jobseekers will bear the brunt of changes in the labour market. With the increasing automation of jobs traditionally occupied by young workers and professionals, a whole generation could face a dystopian future if policymakers fail to act.

A report by the Committee for Economic Development of Australia argues that a new wave of automation is allowing machines to “replicate aspects of human thought” . Classical economists as far back as Adam Smith argued that technological advancements and economic change go hand in hand , but the latest […]

Equipping Employees to Keep up with Technological Change

Equipping Employees to Keep up with Technological Change

A recent article in The Economist discusses the topic of the need for people, in particular employees, to continue learning due to the change in technology in society. Among other pertinent points made, the article quickly points out the role automation played in the demand for knowledgeable college graduates. The author posits that technology advancements call for another ‘revolution’ in education; continuous education.

According to the article, the classic model of education—a burst at the start and top-ups through company training—is no longer enough. The ever-increasing advancements in technology require a matching need for new, and constantly updated, skills. Manufacturing […]

Blame Displacement Of Jobs On Automation Not Offshoring And Immigration

Blame Displacement Of Jobs On Automation Not Offshoring And Immigration

Each weekday, we present to you the Digital Media / Digital Marketing , news and slanting TV ads followed by BLIVEHUBTV , an organization that lists, labels and measures action around TV advertisements continuously.

The new wave of automation

As the world market continues to reach unprecedented levels of artificial intelligence and technological advances in robotics, we must at the same time reach an agreement with the fact that our technology has a fundamental understanding of what is being challenged. The technology was once regarded as a tool, it promoted the progress of mankind. Today, technology threatens the employment and job […]

Here Is How Entrepreneurs Can Help Create Real, High-Value Jobs

Here Is How Entrepreneurs Can Help Create Real, High-Value Jobs

Every job is valuable to the person who holds it, but just bringing on more people does not make our companies or our economy healthier. Entrepreneurs do best if they create jobs that are both high-value and real.

The conversation on job creation is both energetic and confusing: energetic because job creation is a major challenge of our time and a political hot button. It’s confusing because the language is sloppy, and the underlying dynamics of job creation are not straightforward.

Consider the value of a job on two dimensions. One dimension is the value of a job to the employee. […]

Half of paid work can be automated: McKinsey report

Half of paid work can be automated: McKinsey report

About half of the work that people are paid to do in the global economy can be automated by adapting existing technologies, according to McKinsey Global Institute.

It also said people will need to continue working alongside machines to produce the economic growth rates which countries around the world aspire to reach.

The findings come from a report by McKinsey’s business and economics research arm that analysed more than 2,000 work activities across 800 occupations.It noted that 49 per cent of the activities that people are paid to do have the potential to be automated by adapting technologies that have already […]

Six things to expect at work in 2017

Six things to expect at work in 2017

Like so many things for the year ahead, many changes coming to the workplace are surrounded by questions. If Congress repeals or replaces the Affordable Care Act, what will that mean for employee health insurance? Will companies still have to publish the potentially embarrassing CEO-to-worker pay ratio, or will that part of the Dodd-Frank act be repealed, too? Will my employer or state join the bandwagon of those who have recently expanded paid parental leave?

And of course: When will the robots come for my job?

The answers to many of these questions are unknown. Congressional Republicans have already begun trying […]

Instead of immigrants, automation may take away more jobs

Instead of immigrants, automation may take away more jobs

Automation has transformed the productivity of manufacturing since industrial robots first started painting, cutting, welding and assembling in the 1960s. PARIS: Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. But the main beneficiaries of this shift back to the US aren’t saying much by way of celebration — industrial robots don’t tend to speak.

While globalisation’s detractors blame countries such as China and Mexico for stealing the factory jobs of the West, experts point to less obvious culprits which are harder to scapegoat and to overcome in an interconnected economy with complex […]

Robot arms replace factory hands

Robot arms replace factory hands

Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. But the main beneficiaries of this shift back to the US aren’t saying much by way of celebration — industrial robots don’t tend to speak.

While globalisation’s detractors blame countries such as China and Mexico for stealing the factory jobs of the West, experts point to less obvious culprits which are harder to scapegoat and to overcome in an interconnected economy with complex supply chains.

Since US manufacturing employment peaked in the late 1970s, according to Michael Hicks of the Center for Business and Economic […]