Contra the Skeptics, Trade and Technology Really Do Benefit Most American Workers

Contra the Skeptics, Trade and Technology Really Do Benefit Most American Workers

Figuring out how to help the minority being left behind is policymakers’ most urgent challenge.

As we plunge into another presidential-election year, one key point of contention will be the state of the American worker: Are most Americans getting ahead in today’s increasingly high-tech, globalized economy, or have wages and incomes “stagnated” for middle-class and blue-collar workers?

Progressives on the left and economic nationalists on the right seem to share a common view that most American workers are worse off today than in past decades. Trade and technology, they say, are largely to blame. Their favored policy prescriptions range from […]

CHRO & and Business 4.0 in the digital era

CHRO & and Business 4.0 in the digital era

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The time has come for the digital transformation conversation to focus on the “how”, rather than the “what” and the “why”. The Mail and Guardian (M&G) and the University of Johannesburg (UJ) have created a platform for these critical conversations with C-Suites networking breakfast events.

These C-Suites events target senior professionals, executives and decision-makers across various sectors, from private and public, large organisations and small, medium and micro-sized enterprises (SMMEs).M&G and anchor sponsor UJ held a CHRO & Business 4.0 networking breakfast event at Summer Place, Hyde Park on February 25, together with partner sponsors Microsoft South Africa and […]

Einride Hires the First ‘Remote Autonomous Truck Operator’ in the Industry and the Company is Looking to Hire More

Einride Hires the First ‘Remote Autonomous Truck Operator' in the Industry and the Company is Looking to Hire More

While advances in technology and automation are replacing jobs once performed by humans, progress also creates new opportunities, offering people a chance to learn and apply new skills to take on high-tech roles. As autonomous driving technology slowly makes its way into the freight transport, there are some truck drivers who feel threatened that automation or robots will eventually take their jobs away.

However, autonomous transport startup Einride believes that autonomous driving technology will create entirely new job categories and the company is looking to train and hire people for these new high-tech roles. Einride announced today that it hired […]

The Political Economy of Automation: Analysis of the 2016 U.S. Presidential Elections

The Political Economy of Automation: Analysis of the 2016 U.S. Presidential Elections

Klaus Schwab, the founder of the World Economic Forum, wrote in January 2016: “We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before.” He is describing, among other things, automation. His ominous message winks at what economics are calling the Fourth Industrial Revolution, a digital revolution that will fundamentally alter the way in which people live and work.

According to a 2013 study by Oxford economist Carl Benedikt Frey, 47 per […]

What Do AI and Automation Changes Mean for Your Job?

What Do AI and Automation Changes Mean for Your Job?

MIT AI and the Work of the Future Congress AI and computer technology in general is certain to have a huge impact on the future of work, and rather than replacing jobs, technology is much more likely to change them. But the big concern is not the quantity of jobs, but rather the quality of the jobs in the future, particularly for less educated workers.

That was the big message from MIT’s AI and the Work of the Future Congress held a couple of weeks ago. Most participants seemed more upbeat about the possibilities than they were a few years […]

Supply Chain Talent: A Thousand Ways to Do What You’re Told

Supply Chain Talent: A Thousand Ways to Do What You’re Told Supply Chain Talent: A Thousand Ways to Do What You’re Told Global Supply Chains Trust in a “Stabilized” Economy What is your worth as a Supply Chain Professional? IMO 2020 is Coming to Town Part 2: Will spiking cost of fuel cause you pain? More News Life Maps and Supply Planning Maps – What They Have in Common: Success This white paper is an entertaining, quick read about Paul McGuire’s experiences in turning around supply planning processes.
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We are on the cusp of major challenges […]

Will Smart Machines Kill Jobs or Create Better Ones?

In one vision of the not-too-distant future, robots handle half of all work tasks, leaving legions of humans unemployed, uneasy and restive. In an alternate scenario, those same technologies revolutionize rather than reduce work opportunities for humans, raising living standards with new jobs that aren’t yet imagined. Such are the stakes as a new wave of automation reshapes the workplace.

Advances in artificial intelligence, or the capability of machines to learn by ingesting large amounts of data, are driving a rethink of what jobs only humans can do. A 2018 working paper by the National Bureau of Economic Research found […]

Robots, automation and AI, oh my!

Robots, automation and AI, oh my!

Last month, participants in Columbus VC firm Drive Capital’s second robotics and automation summit spent the day exploring the future.

Whether it was robots that deliver packages, using ant colonies to inspire a redesign of supply chain, or software that simplifies industrial robot programming, those attending Devol’s Dance — including startup founders, executives, investors and thought leaders — shared ideas about the world we’re shaping.

Drive Capital Partner Chris Olsen says he remembers the days of technology investing, where as part of due diligence, you looked in server rooms to see how they racked and stacked their hardware.“Then you could get […]

Automation and its enemies

Automation and its enemies

The Industrial Revolution made technology the engine of economic growth (Landes 1969, Mokyr 1990). Before 1750, per capita income in the world doubled every 6,000 years. Since then, it has doubled every 50 years (DeLong 1999). This acceleration was in large part the consequence of applying machinery in production, which allowed us to produce more with fewer people (Frey 2019). Seen in this light, the current automation hysteria is hard to understand. Future generations could make an extraordinary leap forward from the Industrial Revolution’s ‘great enrichment’. The industrialisation process itself, however, was a different matter. The Luddites, who rioted […]

Why Do Immigrants Outperform Native-born Americans?

Why Do Immigrants Outperform Native-born Americans?

Motivated to succeed economically, immigrants show plenty of grit and resources.

Despite the hatred directed at immigrants and refugees coming to the United States and other western nations, the real “free-loaders” (as far-right nationalists call them) on the social safety net are more likely to be the children of native-born populations. Children of migrants are the ones realizing the upward mobility of the American dream, rising out of poverty at much higher rates than the sons and daughters of parents born in the US. Similar trends can be found in other parts of the world too, like Canada.

While the […]