Tag: productivity

Trump wants to take back manufacturing jobs. It won’t work.

Ryan Seitl, left, and Tyler Conen stack aluminum wrenches at the Wisconsin Aluminum Foundry in Manitowoc, Wis., on Oct. 16, 2019. (Lianne Milton for The Washington Post) “Foreign nations will be worried about losing their jobs to America,” former president Donald Trump declared at a rally in Savannah, Ga., last month, promising a “manufacturing renaissance” by walling off U.S. markets with high tariffs and punishing American companies that make stuff overseas.

This sort of statement, based in nostalgia for past economic paradigms in which large numbers of American blue-collar workers manufactured many of the world’s goods, no longer just sounds […]

Dockworkers Strike, Resisting Automation

Dockworkers Strike, Resisting Automation

ILA banner, 1901 Body

The Associated Press , reporting on the strike by the International Longshoremen’s Association, noted: “Local ILA president Boise Butler said workers want a fair contract that doesn’t allow automation of their jobs.” The report added, “The union had message boards on the side of a truck reading: ‘Automation Hurts Families: ILA Stands For Job Protection.’” Elsewhere, picket signs proclaimed that machines don’t feed families. ADVERTISEMENT
The ILA subsequently called off the strike on Oct. 3, 2024, in exchange for major concessions from the United States Maritime Alliance, representing ocean carriers and port operators. But many of […]

Business Ethics in Artificial Intelligence

Business Ethics in Artificial Intelligence

from class:

Definition

Universal Basic Income (UBI) is a financial system in which all citizens receive a regular, unconditional sum of money from the government, regardless of other income sources. This concept aims to provide economic security and reduce poverty, especially in an era increasingly affected by automation and artificial intelligence, which can significantly impact employment and job markets.congrats on reading the definition of Universal Basic Income. now let’s actually learn it. ok, let’s learn stuff 5 Must Know Facts For Your Next Test> UBI can serve as a safety net for individuals who lose their jobs due […]

Amazon’s Robotics Revolution: Transforming Fulfillment Centers to Enhance Efficiency

Amazon’s Robotics Revolution: Transforming Fulfillment Centers to Enhance Efficiency

Amazon, robotics As Amazon seeks to redefine the future of logistics, the company is leveraging robotics to streamline its operations and enhance customer experiences, a process that began with the acquisition of Kiva Systems in 2012.

Amazon has since deployed more than 750,000 robots globally, with its latest fulfillment center in Shreveport, Louisiana , showcasing advanced robotic systems designed to improve efficiency in package delivery.

The goal of these robotics initiatives is to create a safer, more productive work environment for employees while increasing delivery speed. Scott Dresser , vice president of Amazon Robotics, noted this integrated suite of systems is […]

Automation.com & Hikvision white paper: how AIoT technologies drive manufacturing digitalization

Automation.com & Hikvision white paper: how AIoT technologies drive manufacturing digitalization

HANGZHOU, China, Oct. 11, 2024 /PRNewswire/ — In the rapidly evolving digital age, manufacturing is undergoing significant changes. Advanced technologies are reshaping the industry, and manufacturers worldwide are looking for innovative ways to optimize production and improve efficiency. AIoT (Artificial Intelligence of Things) is playing a key role in this transformation, combining AI and IoT to enhance operations, safety, and productivity in factories. Automation.com and Hikvision have jointly released a white paper that explores how AIoT is helping manufacturers work more effectively. Automation.com & Hikvision white paper: how AIoT technologies drive manufacturing digitalization

Enhancing production efficiency

AIoT can help […]

Jim de Bree | Recent Dock Strike Foreshadows Issues for Next President

Jim de Bree | Recent Dock Strike Foreshadows Issues for Next President

Jim de Bree The first week of October saw a brief, but consequential, strike by East Coast dockworkers that was seemingly settled after a few days. However, if we look below the surface, the issues raised by the striking dock workers transcends the longshore industry.

This strike received so much attention because shutting down the ports on the East and Gulf coasts would have adversely impacted the economy. The potential fallout could have affected the election. A long-term strike would have resulted in shortages and price increases of many goods. Indeed, the strike was even the purported cause of people […]

IIS Mumbai To Train 5,000 Students Annually In Industry 4.0 Skills

IIS Mumbai To Train 5,000 Students Annually In Industry 4.0 Skills

The training will be across a range of trades including factory automation, digital manufacturing, mechatronics, AI, data analytics & additive manufacturing, catering to both the services and manufacturing sectors In a significant step towards enhancing the employability of Indian youth for national and global opportunities, the Prime Minister Narendra Modi today inaugurated the Indian Institute of Skills (IIS) in Mumbai, which aims to cultivate an industry-ready workforce for Industry 4.0, equipped with cutting-edge technology and hands-on training across a range of trades including factory automation, digital manufacturing, mechatronics, artificial intelligence, data analytics, and additive manufacturing. catering to both the […]

World Bank Report: Cambodia at Critical Juncture as Automation, AI and Digitalization Rapidly Reshape Jobs Market in East Asia and Pacific Region

World Bank Report: Cambodia at Critical Juncture as Automation, AI and Digitalization Rapidly Reshape Jobs Market in East Asia and Pacific Region

Cambodia Investment Review

As Cambodia navigates the evolving landscape of the East Asia and Pacific (EAP) region, it faces a rapidly changing job market influenced by technological advancements and regional economic trends. The World Bank’s East Asia and Pacific Economic Update for October 2024 highlights the opportunities and challenges Cambodia confronts as it aligns its workforce with the shifting demands of the regional economy, driven by automation, artificial intelligence (AI), and digitalization.

The EAP region has consistently outperformed other global economies, with projected growth at 4.8% in 2024, compared to 3.3% for other emerging markets and developing economies (EMDEs) and […]

The Great Inversion

The Great Inversion

The quickly settled International Longshoremen’s Association strike takes us one more step toward the Great Inversion: a future in which people in the skilled and semi-skilled trades boast higher average wages than most college graduates. If the justification for most college degrees—only 10 percent of them in STEM fields—reduces to their boosting future earning power, then those graduates will have a problem. (Granted: a college education should be about more than just maximizing earnings.)

It has escaped no one’s attention that the settlement with the longshoremen’s union will bump up annual starting salaries to about $80,000, with mid-career salaries over […]

Fed’s 2% inflation target is ‘sacrosanct’ — and here

Fed’s 2% inflation target is ‘sacrosanct’ — and here

Brendan McDermid/Reuters The News

The Federal Reserve has begun its great descent from the monetary mountain, having threaded an historically small needle: Most steep rises in interest rates since World War 2 have ended in a recession. That could still happen in the US, but for now there are enough jobs for most people who want one, inflation has cooled, borrowing costs are falling, and the economy is growing.

Austan Goolsbee is the president of the Chicago Fed. Q&A Can we declare victory on a soft landing? That’s a little misleading because it connotes a stopping point. It was […]