Tag: mobility

Not All Career Ladders Are Created Equal

Not All Career Ladders Are Created Equal

Transcript

Tim Sablik: My guests today are Katka Borovičková and Claudia Macaluso, both economists in the Research department at the Richmond Fed. Katka and Claudia, welcome to the show.

Katarina (Katka) Borovičková: Thank you very much for having us. Claudia Macaluso: It’s a pleasure to be here. Sablik: Today we’re going to be discussing your recent research looking at how career changes affect worker earnings. You recently published an Economic Brief article that discusses a concept that I think should be familiar to a lot of people, which is the job ladder.The conventional wisdom has long been that […]

Regulatory Burden Falls Hardest on the Poor

Regulatory Burden Falls Hardest on the Poor

Print A young man sits outside a small, discount barber shop in Natchez, Mississippi. 1935. Three decades ago, few economists would speak against free trade or automation. Those who raised concerns about job displacements were met by replies that price reductions would compensate in the short run while higher incomes elsewhere in the economy meant new (and better) opportunities for everyone in the medium-run.

This is no longer the case. Many economists, most notably Nobel laureate Angus Deaton , have soured on free trade and automation. They argue that “big shocks,” like the rapid expansion of China (and its significant […]

Agility Robotics’ Digit: A Glimpse into the Future of Automated Labor

Agility Robotics’ Digit: A Glimpse into the Future of Automated Labor

Agility Robotics Digit humanoid robot in automated labor In today’s fast-changing world, automation is reshaping industries incredibly, making robotics an essential part of the workforce. Agility Robotics is leading this exciting transformation with its advanced humanoid robots. Its flagship product, Digit , represents a groundbreaking leap forward in automated labor.

Automation has long been a hot topic, but recent advances have made it a reality in many sectors. Today’s robots go beyond performing repetitive factory tasks; they can mimic human movements and make decisions. Among these, Digit is an excellent example of the future of work with automated labor. The […]

Cobots Take on Manufacturing Challenges

Cobots Take on Manufacturing Challenges

QTR improved welding efficiency with a Universal Robots cobot and an IPG handheld laser welder. Source: Universal Robots Cobots—collaborative robots that can work safely alongside humans—are finding greater use in industrial environments. According to research firm SkyQuest, the global Collaborative Robot Market value was $815.40 million in 2022 and is set to grow from $914.88 million in 2023 to $2297.77 million by 2031. This suggests a compound annual growth rate of 12.2% from 2024 to 2031.

A short list of cobot applications include material handling, gluing and sealing, quality control and testing, machine monitoring, packing, packaging and palletizing, sanding, polishing, […]

What’s led to a greater loss of American jobs, outsourcing or automation?

Automation. Outsourcing is a net gain for domestic employment.

As companies are able to get rid of relatively low skill jobs stateside, they can then increase their labor force of “high skill” jobs.

Let’s say I have to pay a line worker in San Francisco $40 an hour, but if I ship that assembly job to China, I can pay $2 an hour. That savings allows me to scale up operations.Since I’ve been able to dramatically lower the price, I can pass that savings on, making player computers in your pocket and affordable every day device.Because cell phones are now easily […]

Welcome to the AI revolution: From horsepower to manpower to machine-power

Welcome to the AI revolution: From horsepower to manpower to machine-power

gremlin/Getty images Before the invention of the internal combustion engine and the harnessing of electricity, humans weren’t the only members of the global workforce . Until the mid-20th century, horses were employed in the tens of millions across industries. In the USA alone their numbers reached 24 million, about as many as there are humans currently working in healthcare.

Also: How your business can best exploit AI: Tell your board these 4 things

"The draft animal population — the vast majority of which were horses and mules — grew six-fold between 1840 and 1900, from four to twenty-four million. […]

How does automation impact labor market dynamics and job security?

Insight from top 5 papers

Automation significantly impacts labor market dynamics and job security by reshaping industries, transforming job roles, and creating wage differentials [2] . The task model clarifies that automation substitutes capital for labor in various tasks, leading to both positive productivity effects and negative displacement effects, reducing employment opportunities for workers [3] . Research shows that industries with high automation potential increase susceptibility to job insecurity, with social media engagement potentially mitigating this effect [1] . Moreover, the government plays a crucial role in ensuring a fair labor market amidst concerns about decreased employment opportunities and […]

How Cavnue is using a Michigan pilot project to make roadways smarter

How Cavnue is using a Michigan pilot project to make roadways smarter

Future of Travel

“We think this digital transformation is as powerful an impact, potentially, as what happened with the interstate system,” Cavnue CEO Tyler Duvall told Tech Brew. Anna Kim What if your car could talk to the road?

Cavnue, a Washington, DC-based subsidiary of Alphabet’s Sidewalk Infrastructure Partners, hopes to answer that question with a pilot project it’s now conducting on a three-mile stretch of highway in Michigan.Cavnue’s leaders see the potential for smart-road infrastructure to deliver safer, more accessible roadways. Tyler Duvall, the company’s co-founder and CEO, likened the advent of such technology to the buildout of the […]

Schaeffler’s Digitalization Strategy To Boost OEMs’ Productivity

Schaeffler's Digitalization Strategy To Boost OEMs’ Productivity

The fusion of automotive engineering and digital technology has been ushering in a new paradigm of not only in mobility but also in the way the vehicles and their parts are produced. Besides, driven by end customers, the vehicle makers are offering several features, which calls for shorter lead times and more variants. Therefore, the automotive suppliers are swiftly switching to digitalisation as agility and being dynamic are key for success. “The core technology that we have in our factories, combined with new technologies like digitalization, will enhance our production system to react faster, to communicate faster, and to […]

Ready or not, the industry is automating

Ready or not, the industry is automating

Automation is vital to the future of Canadian manufacturing

By Joe Thompson

July 18, 2024 The manufacturing landscape continually evolves to become what is necessary for the time. Industrial revolutions will do that. They push what is currently in place out of the way.Steam made way for electricity, analog was eliminated by digital, and manual operations are being automated. There’s even a word for this type of industrial revolution: progress.At the recent Automate 2024 tradeshow in Chicago, OTTO Motors and Samuel Automation showed the world what Canadian companies bring to the automation table.It’s actually a testament to […]