Tag: manufactur

How to Determine If Your Business Can Weather the Age of Automation

How to Determine If Your Business Can Weather the Age of Automation

The world we live in is not what it was years ago. It is all about predicting what’s going to happen next, the next big trend, and the next new technology. Although the idea that robots will soon replace almost every job position is nothing new, that idea is coming closer and closer to reality. Times are changing; can your company keep up?

By 2018, it’s predicted that more than 3 million workers across the globe will be supervised by “robobosses.” One study even states that 47 percent of total U.S. employment is in the “high-risk” category of being automated. […]

Automation Can Actually Create More Jobs

Evidence shows increased productivity leads to more wealth, cheaper goods, greater spending power and ultimately, more jobs

By Christopher Mims of the WSJ .

There are four types of unemployment: seasonal, structural, frictional and cyclical.Structural unemployment is unemployment caused by a mismatch between the skills of job seekers and the requirements of available jobs.One example of this is when you are replaced by a machine, like bank tellers who were replaced by ATMs. Another example is when there is a fall in demand for your product, so you get laid off, like with typewriters since people now use computers. […]

Environment, Jobs, and President-Elect Trump

While many people around the world are concerned about President-elect Trump’s threat to withdraw from the Paris climate accord, I am far more concerned about the possible signal to American corporations and jurisdictions that enforcement of our air, water, and toxic rules would be relaxed under EPA’s new administrator. Take a trip to India or China if you want to breathe the air of a deregulated economy. China’s airports may look pretty and their trains may run fast, but their air and water are dangerous to breathe or drink.

America has a culture of environmental protection that took us decades […]

Panasonic Takes Item Out of Bagging Area: Human

OSAKA, Japan— Panasonic Corp. is introducing convenience-store checkout machines that can scan and bag items on their own, joining Amazon.com Inc. in the push for more retail automation.

In the Panasonic system, demonstrated here Monday, a special shopping basket is designed to detect the merchandise in the basket and calculate the bill. After a customer places the basket in a slot, the bottom of the basket slides out and the merchandise drops into a plastic bag underneath, ready to be carried away. Customers can pay with cash or a card.

The system “could bring a revolution to the broader retailing industry,” […]

Automation Can Actually Create More Jobs

Automation Can Actually Create More Jobs

Click Here for more Amazon Charts. Since the 1970s, when automated teller machines arrived, the number of bank tellers in America has more than doubled. James Bessen, an economist who teaches at Boston University School of Law, points to that seeming paradox amid new concerns that automation is "stealing" human jobs. To the contrary, he says, jobs and automation often grow hand in hand.

Sometimes, of course, machines really do replace humans, as in agriculture and manufacturing, says Massachusetts Institute of Technology labor economist David Autor in a succinct and illuminating TED talk, which could have served as the headline […]

Will Amazon Go replace jobs? ‘I don’t think we can stop it,’ author says

Will Amazon Go replace jobs? 'I don't think we can stop it,' author says

Amazon ‘s new concept convenience store doesn’t just save money, it saves shoppers’ time. That, however, is part of what makes the rise of the robots unstoppable, one expert said.

At a time when a growing number of observers have lamented the potential impact of growing automation on flesh and bone workers, the retail giant introduced something that may be a game-changer. On Monday, Amazon announced a new Seattle location, Amazon Go , that has no registers.

Instead, shoppers scan into the store with their free Amazon Go app, shop as normal, and leave the store with the items billed to […]

Is Amazon Go a sign of the downfall of a retail workforce?

Is Amazon Go a sign of the downfall of a retail workforce?

Any time a disruptive technology with industrial or productive applications comes into play, the question arises as to whether or not that technology will result in the loss of jobs. This issue has been tackled extensively in the manufacturing sector, but what about retail? Are robots and IoT technologies putting our retail workforce at risk?

The Bureau of Labor Statistics has predicted a 7% growth in the retail workforce over a period of ten years, ending in 2024. This is a positive sign for the 4.8 million retail workers in the United States. However, what impact will technologies like those […]

Robot Labor Vs College Degree For Job Employment? The Answer To Unemployment?

Robot Labor Vs College Degree For Job Employment? The Answer To Unemployment?

President Obama Speaks About Manufacturing Innovation Institutes In East Room Of White House (Photo : Alex Wong/Getty Images) There is a common fear everywhere that pretty soon robots are going to take everyone’s jobs. In a way, it is somewhat happening. In manufacturing industries, manual labor is being replaced with machinery that are more faster, precise and efficient. It also means there are minimal errors and little to no risk of injury and harm.

However, the biggest fear is not the fact that robots are starting to take over. The biggest fear is that people may soon be unemployed. Automation […]

At Boeing’s 777X Wing Factory, Robots Get Big Jobs

As the first 110-footlong wing skin panel for Boeing’s new 777X jet moved slowly across a mammoth new factory building one recent morning, a small crew walked alongside, watching for any possibility of an expensive collision.

The "spotters" escorted the panel’s bright-orange transport platform as it followed invisible tracks embedded in the concrete floor and slid with a tight fit into the big cylindrical autoclave where the part would bake to hardness.

Until the automated system for moving these big wing parts is proved, "we do have four people watching it," said Darrell Chic, acting director of 777X wing fabrication. "But […]

Automation does not cause unemployment

But again, you just agreed that the amount of work is not static. Therefore, more workers can create more production then they will continue to make more production. By process of diminishing marginal value, we can see at what point we would no longer higher workers. As long as the rate of return on the worker is higher than the cost of the worker, the business with continue to higher workers. Furthermore, I am not saying that low skilled work will become ever more plentiful. On the contrary, other work will increase in plentiful amounts greater than the work […]