Focus on quality of jobs being created – here’s how

Focus on quality of jobs being created – here’s how

The push to agriculture allied sectors will be beneficial to absorb the labour moving out of the agricultural sector in the rural areas. One of the major challenges for the government in the new term would be to create suitable jobs. According to the latest PLFS (Periodic Labour Force Survey), the unemployment rate in the country is at a 45-year high, at 6.1%. Although a lot of debate has gone into the level of unemployment in the overall economy, there is no denying the fact that there is an urgent need to create more jobs to truly benefit from […]

Tech Jobs Are Evolving — Are We Keeping Up?

Tech Jobs Are Evolving -- Are We Keeping Up?

Technology by nature advances quickly. As a transportation industry analyst observed : If a Ford Mustang had evolved as quickly as the pace of computer innovation over the last 35 years, it would now get a reliable 3,666,652 miles per gallon and cost less than $5,000 to acquire. The exponential progression of technologies like artificial intelligence (AI), machine learning and advanced analytics means that technologies of the future are now part of our everyday lives . This means we use them at work — and at home — every time we search on Google, use Uber, get on a […]

Jostled by robots and new job-seekers, auto workers have to accept their insecure fate

Jostled by robots and new job-seekers, auto workers have to accept their insecure fate

BRAKES ON JOBS: With production slowing across the auto industry, temporary workers are the first to go It’s mid-afternoon in Gurgaon. Lines of uniformed men are streaming into the Maruti plant, from nearby Mullahera village where they live, several to a cramped room. The colour of their uniform marks their status — permanent, casual, temporary (hired for six months at a time), and apprentice. While they all do similar work in various parts of the factory, this status makes all the difference to their income, security and prospects.
With production slowing across the auto industry , temporary workers […]

‘Wealth work’ captures only part of the stark jobs divide

‘Wealth work’ captures only part of the stark jobs divide

The Digital Gilded Age would seem to be producing its own version of “the help” that tended to the wealthy during the American Gilded Age of the late 19th century, or the estates of Britain at the Empire’s zenith.

Think of it as Downton Abbey without the snazzy period costumes, or getting to live in the baronial manor, or having paternalistic aristocrats occasionally reward the loyalty of those “in service.”

That, at least, is the impression one might get from a recent story by Christopher Rugaber of The Associated Press.“One of the fastest-growing job categories of the past decade has been […]

Overlooked on economy? Rising paychecks for blue-collar workers are shrinking the wage gap

Overlooked on economy? Rising paychecks for blue-collar workers are shrinking the wage gap

We need more emphasis on blue-collar trades. There’s more than one path to a solid paycheck, especially given demographic and workplace trends.

Monthly reports on the number of new jobs and the unemployment rate can drown out important trends like these two: After four decades of worsening, wage inequality has started shrinking. And in a twist, America’s blue-collar workers are playing the biggest role in driving that reversal.

This may come as a surprise, because education is classically seen as a ladder up the income scale . Despite blue-collar workers often lacking college degrees , their wages have been accelerating […]

5 ways robots are benefiting manufacturing companies

Over the last few years, automation has gained immense popularity in various industries. And the manufacturing industry sits on the cutting edge of automation technology, ahead of other industries. With automation, manufacturing companies have revolutionized the way activities were once performed. With autonomous systems coming into the picture, human participation and involvement have reduced significantly. As a result, work gets done faster and more importantly, with greater precision.

Though automation changes the nature of employment, it has brought in huge profit opportunities to the manufacturing industry. One of the most extensively used types of automation machines is the collaborative robot. […]

The Challenges of Automation in a Fast Changing Economy

The Challenges of Automation in a Fast Changing Economy

A Bossa Nova robot scans shelves to help provide associates with real-time inventory data at a Walmart Supercenter in Houston, Nov. 9, 2018. “Technological innovation should be embraced,” notes a recent report from the Aspen Institute, a public policy and research organization in Washington. “Automation has been a largely positive economic and social force, and looking forward, automation will be necessary to feed, house, and raise the living standards of a growing and aging population.”

Still, the short-term disruptive impact on individuals and communities can’t be overlooked, the report says.

To better assess automation’s impact, the Aspen Institute takes a two-pronged […]

Despite Job Losses, U.S. Benefitted from Surge of Trade with China

Despite Job Losses, U.S. Benefitted from Surge of Trade with China

Simon Dawson/Bloomberg via Getty Images In 2000, the U.S. Congress granted Permanent Normal Trade Relations to China, and China joined the World Trade Organization. Over the next seven years, Chinese imports to the United States more than doubled, with notable increases in electronics, textiles, machinery, and furniture. During that period, manufacturing employment in the United States dropped sharply, and research has linked those job losses to increased imports from China.

But the job losses in manufacturing don’t tell the whole story. Ripple effects on other sectors—some of them positive—have received less attention.

While trade is generally thought to bring benefits, “those […]

Are you blinded by the promise of AI?

Are you blinded by the promise of AI?

The business world is sharply focused on AI and ready to spend generously on what it might offer. In a recent PwC survey of 1,000 business executives, 20% of respondents said that “their organizations plan to implement AI enterprise-wide in 2019.” That’s one in five businesses planning enterprise-wide AI initiatives. According to the 2019 Harvey Nash/KPMG CIO Survey , AI/automation use is up as a board priority by 17%.

On top of that, the survey also revealed that over one-third of IT leaders worldwide believe that 20% or more of their workforce will be automated in the next five years. […]

FACE IT: Jobs, Part 3 – The Possible Solutions

FACE IT: Jobs, Part 3 – The Possible Solutions

Clockwise from bottom left–London Free Press journalists Randy Richmond, Megan Stacey and Max Martin discuss the city’s employment situation with panelists Amanda Wilcox, Carol Stewart, Sue Wilson and Don Kerr in London, Ont. on Wednesday July 24, 2019. Derek Ruttan/The London Free Press/Postmedia Network You told us in a reader poll for last fall’s civic election what were London’s most pressing issues. While we debated bus rapid transit and political leadership vacuums, the other – and more lasting – ones didn’t get what they deserved. This series about employment is the first of three, followed by a series on […]