Tag: Services

Don’t Send Your Kids to College

Don’t Send Your Kids to College

In our emerging economy, learning how to do something, like carpentry, may have more value than going to a university for four expensive years.

OCT 15, 2024 Illustration: Getty Images Want your kids to still love you when they’re in their 30s, when they’ve started work at a real job, busted their butts for a few years, maybe had a child or two of their own, and hopefully come to appreciate how hard you had to work – at whatever you did – to provide them with viable options and serious opportunities for a strong and secure future?

If so, then […]

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 […]

GenAI is a double-edged sword: Work efficiency will mean job losses

GenAI is a double-edged sword: Work efficiency will mean job losses

There are no easy answers to large-scale local jobs being threatened by AI and so, policymakers must remain flexible. Summary

The tension between the benefits of reduced costs and improved services on one hand and the potential workforce impact of artificial intelligence (AI) on the other is a policy and political issue globally. India should focus on providing cost-effective innovation solutions to the Global South.

Demographic factors have always influenced societal evolution, which remains true in the era of GenAI. While AI promises reduced costs and improved services, its impact on the workforce is a looming concern, creating a […]

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 […]

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 […]