How new technology is destroying jobs

Baxter is a robot meant to work with people in small manufacturing facilities.

Erik Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial robotics to automated translation services—are largely behind the sluggish employment growth of the last 10 to 15 years. Even more ominous for workers, the MIT academics foresee dismal prospects for many types of jobs as these powerful new technologies are increasingly adopted not only in manufacturing, clerical, and retail work but in professions such as law, financial services, education, and medicine.

 

 

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History of the job market for new college graduates

Congratulations class of 2013: you weren’t the class of 2010.

For most undergrads, college graduation is an occasion to celebrate, but in this economy we know it’s also a time of gnawing, career-oriented dread for plenty others. Even at Harvard, where Oprah is sharing some words of wisdom at commencement this week, just 61 percent of soon-to-be grads told the Crimson that they had an actual job lined up. One in ten said they had no set plans for the future.

 

 

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Top 12 disruptive technologies that are transforming the world

Where will the jobs be, and how can companies carve out a competitive advantage in the global economy?

Exactly what technologies and trends will change our lives are hard to predict. Few people understood just how powerful the Internet would be, dismantling entire industries and creating millions of jobs.

 

 

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Hi, I’m a robot, and I’m here to take your job

Futurist Thomas Frey: In September 1989, GE Chairman Jack Welch flew to Bangalore, India for a breakfast meeting with an Indian delegation that included Prime Minister, Rajiv Gandhi. The purpose of his trip was to sell airplane engines and medical equipment to India, but the meeting took an interesting twist along the way.

 

 

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The future of becoming a job-ready engineer

Early adopters of the “learn to code” movement are using different education programs at different stages of their development.

People learning to code can actually do it efficiently part-time.  Adults with full-time jobs can learn to code part-time. This means people whose schedules are full and who can’t afford to quit and pay college tuition at a traditional University.

 

 

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Trying to build better workers with big data

Workers can now be analyzed like any other data.

As it turns out, bosses really do matter and they may matter more than we even realize. For example, in telephone call centers where hourly workers handle a steady stream of calls under demanding conditions, the communication skills and personal warmth of an employee’s supervisor are often crucial in determining the employee’s tenure and performance. Recent research shows that the quality of the supervisor may be more important than the experience and individual attributes of the workers themselves.

 

 

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Number of Americans quitting their jobs at the highest rate in five years

Latest data says 2.16 million people have quit their jobs.

Americans are voluntarily quitting their jobs at the highest rate since the pre-recession era, according to the Job Openings and Labor Turnover Survey — known as JOLTS — published by The Bureau of Labor Statistics.

 

 

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The average CEO makes 380 times as much as the average employee

The average CEO makes more in an hour than his or her average employee makes in a month.

The rise of extreme income and wealth inequality is one of the biggest crises in the American economy.  One of the causes of the wealth inequality is the bizarre consensus that, when it comes to the pay scales of the people at the top, there’s no such thing as “too much.”

 

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37 percent of working-age Americans aren’t working, but what are they doing?

American adults who have a job (or are looking for a job) has fallen to its lowest point since 1979, hovering around 63 percent. Thirty-seven percent of working-age Americans aren’t working.  But, what are they doing? Bloomberg Businessweek gives us a snapshot of 2013 with this amazing infographic above.

 

 

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