The robots are here. A new study shows that firms that adopt robots see large increases in productivity and displace less innovative firms. But there is a problem. Robots are different from other types of capital investments. They perform tasks without direct or constant human interaction. Thus, robots can replace humans in the production process. Some studies suggest that as much as 47% of total U.S. employment could be automated. The question is this good or bad for workers.
As the U.S. unemployment rate dips to the lowest it's been in a half-century, Americans seeking work can find opportunities in the booming health care and technology sectors in 2019. Those two areas were the leaders among the top 10 jobs over the past six months, according to a report released Thursday by job search company Monster.
In an increasingly digital jobs landscape, technology skills are critical to continued growth; however, the skills gap continues to rise. The U.S. does not have enough people ready to step in and fill these high-paying jobs. In my 20-plus years of recruitment, primarily in the IT space, this has been a common refrain. Despite ongoing changes in technology, a gap remains between the roles companies are trying to fill and the amount of available talent.
A college education is still considered a pathway to higher lifetime earnings and gainful employment for Americans. Nevertheless, two-thirds of employees report having regrets when it comes to their advanced degrees, according to a PayScale survey of 248,000 respondents this past spring that was released Tuesday.
Oxford Economics said greater use of robots will eliminate up to 20 million manufacturing jobs around the world in the next decade. Lots of service-oriented jobs largely immune from automation in the past could also be taken up by machines. Yet the rise of robots will create just as many -- if not more -- opportunities as it extinguishes, according to the report. Oxford contends the robot revolution will deliver a $5 trillion increase in global wealth that ends up creating millions of new jobs.
Robots are getting better at doing human jobs. That's probably good for the economy -- but there are some serious downsides, too. Machines are expected to displace about 20 million manufacturing jobs across the world over the next decade, according to a report released Wednesday by Oxford Economics, a global forecasting and quantitative analysis firm.
Faculty in the STEM fields are powerful forces in shaping engineering and computing education--the profession’s essential source of training and skills development. But even as the number of students pursuing science and engineering doctorates has increased dramatically, there has been a steep decline in candidates interested in pursuing academic careers.
The nation is suffused in enthusiastic talk about career and technical education. Policymakers ranging from President Trump to Joe Biden to Bernie Sanders have called for more schooling that can equip students for in-demand, middle-class jobs. Well, a lot of the discussion is driven by advocates, academics and elected officials. It seems useful to ask those with a track record of actually doing this work what they think.
Ivanka Trump and US Secretary of Commerce Wilbur Ross visited Charlotte on Tuesday as part of an effort to promote workforce development and future-focused manufacturing jobs.
Scientific literacy - the understanding of scientific concepts and processes - is a major goal of K-12 schooling. The National Science Education Standards, established to guide science education in primary and secondary schools, say the knowledge is necessary “for personal decision making, participation in civic and cultural affairs, and economic productivity.”