Tag: Services

Most Work Is New Work, Long-Term Study of U.S. Census Data Shows

Most Work Is New Work, Long-Term Study of U.S. Census Data Shows

By Peter Dizikes | MIT News

This is part 1 of a two-part MIT News feature examining new job creation in the U.S. since 1940, based on new research from Ford Professor of Economics David Autor. Part 2 is available here .

In 1900, Orville and Wilbur Wright listed their occupations as “Merchant, bicycle” on the U.S. census form. Three years later, they made their famous first airplane flight in Kitty Hawk, North Carolina. So, on the next U.S. census, in 1910, the brothers each called themselves “Inventor, aeroplane.” There weren’t too many of those around at the […]

A U.S. manufacturing renaissance won’t create many good jobs—just look at Germany, S. Korea, China and decades of data, Harvard economist says

A U.S. manufacturing renaissance won’t create many good jobs—just look at Germany, S. Korea, China and decades of data, Harvard economist says

Fortune· Scott Olson—Getty Images Manufacturing has been front and center in recent years as the U.S. and China engage in a tech rivalry while companies look to reposition more of their supply chains domestically.

President Joe Biden has touted his policies to encourage more U.S. production of chips and green-energy technologies. Earlier this month, his administration pledged up to $6.6 billion so that Taiwanese Semiconductor can expand its facilities in Arizona . And last month, the administration reached a $19.5 billion funding deal with chip giant Intel for four new U.S. plants.

But data in the U.S. and other global manufacturing […]

“Backward Communities unite and Resist BJP and it’s Crony Corporates”

“Backward Communities unite and Resist BJP and it’s Crony Corporates”

“Backward Communities unite and Resist BJP and it’s Crony Corporates” 1 The BJP governments’ aggressive push for privatisation, corporatisation, automation etc – what they call ‘economic reforms’ – is rapidly undoing the meagre gains made by backward communities in recent decades. The electoral bonds scam has clearly revealed, these policies are shaped for the benefit of corporations, the overwhelming majority of them run by savarnas.

Important research findings all Indian citizens must pay heed to:

Corporate India is a savarna club: A study by Swadeshi Andolan revealed that not a single SC or ST person is present on […]

A U.S. manufacturing renaissance won’t create many good jobs—just look at Germany, S. Korea, China and decades of data, Harvard economist says

A U.S. manufacturing renaissance won’t create many good jobs—just look at Germany, S. Korea, China and decades of data, Harvard economist says

Biden speaking at an electrical equipment manufacturer in Milwaukee in 2023. Manufacturing has been front and center in recent years as the U.S. and China engage in a tech rivalry while companies look to reposition more of their supply chains domestically.

President Joe Biden has touted his policies to encourage more U.S. production of chips and green-energy technologies. Earlier this month, his administration pledged up to $6.6 billion so that Taiwanese Semiconductor can expand its facilities in Arizona . And last month, the administration reached a $19.5 billion funding deal with chip giant Intel for four new U.S. plants.

But data […]

IMF raises caution on rising AI

IMF raises caution on rising AI

Washington, DC

THE International Monetary Fund (IMF) has called for a careful balance of policies to tap into the potential of artificial intelligence (AI), which is projected to take over 40 percent of jobs around the world.
In a new analysis titled “AI will transform the global economy: Let’s make sure it benefits humanity’, the IMF states that AI could also affect income and wealth inequality within countries.
“We may see polarisation within income brackets, with workers who can harness AI seeing an increase in their productivity and wages and those who cannot fall behind. Research shows that AI […]

Bill Gates Anticipates AI Revolution’s Impact on Labor Market and Employment

The advance of AI technologies is reshaping the labor market, leading to significant reductions in human workforces globally. In emerging economies, certain call centers have astonishingly dismissed up to 90% of their staff as automation takes hold. Studies concerning the future of jobs predict a challenging transition period for workers as society shifts towards widespread automation.

While some view the rise of AI primarily as a marketing strategy designed to weather a potential “AI winter,” others, like Bill Gates, recognize the profound changes AI could bring. Gates, who has substantial investments in artificial intelligence, opined in a discussion on Sam […]

MALAYSIA MUST STUDY FUTURE DISPLACEMENT OF LABOURERS

Opinions on topical issues from thought leaders, columnists and editors.

Seventeenth century English poet William Blake, in the poem ‘London’ – considered to be one of his greatest works – when describing the people of London in the city, lamented that in every face, he “had met”, he found that it revealed “weakness” and “marks of woe”.

Blake penned these thoughts to paper at a time when England was beginning its transition to the industrial revolution – a rather tumultuous time for the country. While the industrial revolution paved the way for modernisation which led to the country’s dramatic economic advances […]

How Automation Influences the Future of Work

How Automation Influences the Future of Work

The integration of artificial intelligence (AI) into the workplace is no longer a matter of future speculation—it’s an evolving reality reshaping industries and job roles. Katharina Grienberger, a labor market researcher, probes the extent to which various professions could technically be substituted by machines, offering fresh insights into future trends.

Professions across the spectrum, from editorial roles to specialized technical jobs, are experiencing the impact of tools like ChatGPT . These innovative AI applications do not only enhance productivity but also provoke questions about the future of human employment in certain sectors. According to the data, the rise of AI […]

The 10 Slowest-Growing Careers That Still Pay Well — for Now

The 10 Slowest-Growing Careers That Still Pay Well — for Now

A mailman delivering mail. In today’s rapidly evolving job market, certain careers that traditionally offered security and high pay are now experiencing slower growth. Technological advancements, shifts in consumer behavior, and economic changes are reshaping the landscape.

Whether its because AI is becoming more incorporated into that, or not much promotion growth, or simply because the times are changing — these jobs still hang a decent salary despite these disadvantages. GoBankingRates looked at data from ZipRecruiter, Indeed, and Salary.com to find the average income being made with these jobs in the United States as of 2024. Here’s a look at […]

How Chicago, Illinois can prepare so workers don’t become obsolete

How Chicago, Illinois can prepare so workers don’t become obsolete

Jobs are the best way to escape poverty, but the workplace will continue to change rapidly. To ensure Illinoisans don’t lose the jobs that lift them up, job skills will need to evolve along with education.

The best way for someone to rise out of poverty is work. The poverty rate for full-time workers is under 2% nationally compared to an overall poverty rate of 11.5% for the general population.

Work is changing rapidly because of innovation, technological developments, automation, artificial intelligence and remote work. These developments displace many low-skill workers and lead to an expanding skills gap. If we […]