Tag: manufactur

Fear of jobless future?

Fear of jobless future?

IT sector may lose 6.4 lakh “low-skilled” jobs to automation by 2021 The World Bank has recently released a report which underscores the threat awaiting India and other emerging economies from the onslaught of automation.

It says that 69 per cent of jobs in India and 77 per cent in China are under threat. Bangladesh, Malaysia, Nepal, and Thailand are also reported to be in the same boat. The biggest risk is faced by routine jobs like those of clerks, in which humans can be replaced easily by computer software.

India’s unemployment, according to the Census of 2011, increased from 6.8 […]

Trump’s Carrier deal aside, here’s why most US factory jobs aren’t coming back

Trump's Carrier deal aside, here's why most US factory jobs aren't coming back

Drew Greenblatt, owner of Baltimore-based Marlin Steel, is already seeing a revival of U.S. manufacturing — even before President-elect Donald Trump takes office next month.

His company, which makes steel wire baskets, saw an influx of new orders the day after the election that was big enough for him to hire four new workers.

Four new jobs is a start toward Trump’s goal of rebuilding the U.S. manufacturing base. But no matter what policies he puts in place, or deals he strikes, it’s unlikely factories will create enough new jobs to replace the millions that have been lost to offshoring and […]

Political leaders are ignoring the real threat to American workers

Political leaders are ignoring the real threat to American workers

Evan Vucci/Associated Press A central tenet to President-elect Donald Trump’s presidential campaign was that free trade had decimated American manufacturing.

Workers across the country were having their jobs taken from them and given to lower wage workers at plants in Mexico, China, and other countries. Their lost jobs and economic success were because the amorphous establishment had failed to protect them from the future.

They are partially right. Elected leaders, both Democrats and Republicans, failed to protect and help them adapt to the changing economic landscape. However, it was not trade that did these workers in, but automation.According to the Brookings […]

Will Robots Make Our Jobs Obsolete?

Will Robots Make Our Jobs Obsolete?

Advances in artificial intelligence , machine learning and robotics are taking over jobs that are repetitive, predictable and sometimes dangerous for people to do. The impact of automation on society depends on how fast it occurs—and how quickly displaced workers transition to other forms of employment .

“What most people don’t realize is the labor market has always evolved over time. Recent advances in artificial intelligence have the potential to accelerate the rate of change ,” says Jerry Kaplan , futurist and author of the book “Artificial Intelligence: What Everyone Needs to Know.”

“There will be plenty of work,” he adds. […]

Displaced by Automation in Shanghai

Displaced by Automation in Shanghai

The CEO walked a group of visitors through the pristine, brightly lit factory. Robotic arms rotated and embedded memory chips into place. A small autonomous vehicle carrying parts rolled around the factory floor while playing a Bach sonatina. At some workstations, employees in protective clothing packed products into boxes and performed intricate soldering as the circuit boards traveled down a slow-moving conveyor belt.

“Not all the people are working very hard, but the robots are working hard,” the CEO noted. Indeed. In the past year, after installing sophisticated automated equipment, the number of human factory workers had fallen from 3,500 […]

Confusion about job creation is obscuring America’s productivity crisis

Confusion about job creation is obscuring America's productivity crisis

Robots work on a new Volkswagen Crafter production line at the newly opened Volkswagen factory in Wrzesnia near Poznan, Poland, in September. There is perhaps no other topic in economics that is more prone to illogical thinking than job creation. It is a wellspring of hysterical nonsense.

Let’s start with the canard that technology and automation kill jobs. Notwithstanding the fact that US productivity growth rates are at an all-time low, a growing chorus blames technology for killing our jobs. Writing in The New Yorker, NYU professor Gary Marcus alleges that, “as machines continue to get smarter, cheaper, and more […]

Automation, Jobs And The New Techno-Pessimism

Automation, Jobs And The New Techno-Pessimism

A strange vision is gaining traction in the developed world: a vision of a future economy so dramatically changed by technology that it is beyond recognition. This is not the apocalyptic prophecy of a real-world Skynet, turning computerised gadgets and artificial intelligence systems against the human population, but a growing fear of automation replacing people in an increasingly robotised world of work.

While it is plain to see how machines have improved humanity’s lot in the past despite putting their overlords out of work, some argue that this time, it is different. No doubt, sophisticated IT and AI are likely […]

How Trump’s Victory Will Affect Jobs Vs. Automation Issue?

How Trump’s Victory Will Affect Jobs Vs. Automation Issue?

The election of Donald Trump has gotten more experts talking about the automation’s anticipated effect on the job market.

Jobs Vs. Automation

Computer scientist Moshe Vardi started a debate six months ago about the anticipated effect of automation on the job market, according to Geek Wire . As a no political candidate, the scientist was talking about the potential impact of automated manufacturing and autonomous cars on future employment.Today, the topic became hot, after the election of Trump as the next U.S. president. Rice University’s Vardi said that the debate went practically mainstream from being just somewhat esoteric. In […]

A New Film Urges Americans to Start SERIOUSLY Worrying About Unemployment (Video)

A New Film Urges Americans to Start SERIOUSLY Worrying About Unemployment (Video)

0

Robots, immigrants, and low-wage workers in other countries have all been scapegoated as potential threats to America’s employment. And sometimes for good reason. Automation and artificial intelligence have already taken away thousands of jobs from U.S. employees of the human kind – in factories, on computers, and even at Uber . Though happening at a rate blown far out of proportion (by the likes of President-Elect Donald Trump and others), there are immigrants who come to the United States willing to take low-paying jobs at even lower pay than their American counterparts, effectively decreasing the amount of Americans in […]

Divide and Automate

Divide and Automate

Illustration by Lydia Wojack-West

As a species, we are poised at the brink of a transformation unlike any before.

The ancestor of this coming metamorphosis was not political or philosophical in nature; it did not emerge from the ashes of the American Revolution or the Bolshevik’s, nor did it germinate from the teachings of Jesus, Buddha or Muhammad. The predecessor to the singularity we so boldly march toward was something far more primordial, far more tangible. It was industrial.The last three industrial revolutions transformed the fabric of human civilization: The first, borne of steam and coal, powered newly invented […]