Americans worry machine learning and artificial intelligence are a threat to their livelihoods. But the global pandemic demonstrates these data technologies are essential to improving lives.
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A recent survey captured the job-loss anxiety. Thirty-seven per cent of workers aged 18 to 24 say new technology will eliminate their job by 2025. This fear climbs to 45 percent for workers of most ages in advertising and marketing. It’s 42 per cent in business support and logistics.Studies of job loss from automation attended to more dramatic conclusions. An Oxford study predicted that “about 47 percent of total US employment is […]
The global Computer Numerical Control (CNC) machine market is expected to reach a staggering $117 billion by 2027 . Simultaneously, the CNC industry is rapidly evolving, implementing modern-day technologies designed to increase precision, efficiency, reduce waste, and cycle time. The growing need for reducing operating costs of production capacities, human resources, and errors in component production, led to the growth of manufacturing automation and higher demand for latest technology CNC machines. In the meantime, numerous huge manufacturing facilities are increasingly utilizing CNC lathes to perform cutting, drilling, knurling, deformation, facing, and turning operations, all while producing finished components or […]
Why a University Degree Is A Waste of Money In The Modern Age A destitute man trudges along a street in the Zimbabwean capital Harare, pulling a home-made cart loaded with scrap metal to sell. He is a university graduate. 32-year-old Hillary Mbedzi(not real name) holds a degree in Sociology, but eight years after he graduated, he still has no formal job. “My degree is just a worthless paper. It has not helped me to find employment,” Mbedzi says.
Growing up in Zimbabwe, one of the biggest lessons you are taught by your parents is to go to school, take […]
The German auto industry and its 800,000 jobs are threatened if it can’t transition to EVs fast enough. The country’s politicians, and automotive executives, have a unified message. As Bavaria’s prime minister Markus Söder put it today: “Tesla is not bad, but others can do it too.”
The threat to German jobs from EVs was the premise of a story today from Deutsche Welle (DW), the German broadcaster. While electric-vehicle technology reduces the number of parts to be assembled — a technological advance — it’s repeatedly characterized as the destroyer of auto jobs. The shift to better technology, improved engineering, […]
Today, the U.S. exceeded three million COVID-19 cases and 132,000 deaths. In several states, new hotspots have rolled back plans to reopen businesses. The novel coronavirus has — and will continue — to profoundly impact the way we live and work.
For the moment, that includes a shift in the employment status of many Americans. More than 50 million people have filed for unemployment since mid-March. And while many states have made efforts to reopen businesses and return some sense of normality, these moves have led to a spike in cases and may prolong the pandemic and its ongoing economic […]
Technology and ”industrialization” are reshaping services as they did manufacturing
These days, as a global pandemic decimates jobs and commerce, many of us can’t wait for the economy to get back to normal. But ”normal” — in the business sense, anyway — has itself been a rapidly changing thing in recent years, and the wide array of economic changes underway seem certain to accelerate rather than slow.
In other words, even when the virus is under control, normal is going to look a lot different than it used to.That’s one takeaway from a massive examination of the effect on jobs […]
Are robots going to steal your job? No. However, they already have. Think about it. From customer service to transportation, there are tons of instances where machines have replaced humans. Both automation and artificial intelligence are going to significantly impact the job market of the future.
Automation is not a new concept. Think about the industrial revolution. The increased accessibility to machinery eliminated many employment opportunities. Automation vs. AI
People often get confused about the differences between AI and automation . By definition, automation is the implementation of hardware or software that allows for automated actions. In contrast, artificial intelligence […]
With more than 40 million Americans unemployed amid the coronavirus pandemic, there are thousands of jobs unlikely to ever return. Whether that’s because businesses will ultimately shutter (or permanently reduce staff) or industries will be reinvented, there are myriad unknowns when trying to chart projections for the economic future of the U.S. economy. A paper released in May 2020 by the Becker Friedman Institute at the University of Chicago projected that 42% of layoffs caused by the pandemic will be permanent .
In addition to fewer jobs being available in certain sectors, other employment sectors as a whole are at […]
The praise in America for low-paid essential workers on the front lines of the COVID-19 pandemic is long overdue, but it should be followed with meaningful reforms. Beyond raising the federal minimum wage, the United States desperately needs to overhaul its approach to technological innovation.
BOSTON – The low-wage workers who make up nearly half of the US workforce have long been neglected, steadily falling behind highly educated workers in expanding industries such as technology, finance, and entertainment. Since the 1970s, real (inflation-adjusted) wages have stagnated for prime-age men with less than a college education, and declined significantly for those […]
The American workplace is in the midst of unprecedented change that may put a permanent stamp on how companies conduct work for decades to come.
Even before the coronavirus pandemic, companies were experimenting with things like shorter hours and workweeks, as well as remote work. Likewise, digital healthcare is experiencing a boom that will change consumer habits, while the race for talent has become even more competitive with the acceleration of remote recruiting tools and thousands of new job seekers.
“The coronavirus has changed every aspect of the workforce,” says Julie Schweber, senior HR knowledge adviser at SHRM. “[Going forward], employers […]