Tag Archives: Technology

Globalization isn’t killing factory jobs. Trade is actually why manufacturing is up 40%.

By Daniel Griswold, Los Angeles Times

This Op-Ed article was published by the Los Angeles Times on August 1, 2016. To visit the article in the L.A. Times click on the link below:

http://www.latimes.com/opinion/op-ed/la-oe-griswold-globalization-and-trade-help-manufacturing-20160801-snap-story.html

See also “The Technology Imperative: What Jobs, Jobs, Jobs, Really Means in the 21st Century”, By John Psarouthakis, Gavdos Press, 2012

Foreign trade took a beating at both major party conventions, with speakers blaming free-trade agreements for all but wiping out U.S. manufacturing and eliminating millions of middle-class jobs. Both Donald Trump and Hillary Clinton have promised to renegotiate or abandon trade agreements with key U.S. trading partners such as Mexico and Canada. That would be a colossal mistake.

The number of manufacturing jobs in the United States has indeed been in a long decline since the late 1970s, but that disguises the true story of American manufacturing. Nostalgia for a bygone era blinds politicians and voters alike to the reality of a revitalized sector of the American economy that is thriving in a global market.

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Understanding The Rise Of The Robots

Martin-FordBy Martin Ford who is author of Rise of the Robots and The Lights in the Tunnel two books about AI, job automation & the future economy.

In this talk recorded at the RSA, leading expert on AI and the robotics revolution Martin Ford offers both an exploration of this new technology and a call to arms to face its radical implications. The world is being transformed by a profound technological revolution, dominated by digital – a second machine age. Digital technology is changing all our lives, work, society and politics. It is clear that unless we radically reassess the fundamentals of how our economy and politics work, we risk a future of massive unemployment and inequality.

This talk was posted in the Social Europe journal on November 19, 2015
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Robot revolution: rise of ‘thinking’ machines could exacerbate inequality

Global economy will be transformed over next 20 years at risk of growing inequality, say analysts.

By Heather Stewart, the Observer’s economics editor

This article was first published in the British newspaper The Guardian

A “robot revolution” will transform the global economy over the next 20 years, cutting the costs of doing business but exacerbating social inequality, as machines take over everything from caring for the elderly to flipping burgers, according to a new study.

Robots

Robots performing manual jobs, such as hoovering the living room or assembling machine parts, the development of artificial intelligence means computers are increasingly able to “think”, performing analytical tasks once seen as requiring human judgment.

In a 300-page report, revealed exclusively to the Guardian, analysts from investment bank Bank of America Merrill Lynch draw on the latest research to outline the impact of what they regard as a fourth industrial revolution, after steam, mass production and electronics.

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