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Is technology destroying jobs?

February 2, 2012
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THIS IS AN EXTREMELY IMPORTANT BOOK
“So we agree with the end-of-work crowd that computerization is bringing deep changes, but we’re not as pessimistic as they are. We don’t believe in the coming obsolescence of all human workers. In fact, some human skills are more valuable than ever, even in an age of incredibly powerful and capable digital technologies. But other skills have become worthless, and people who hold the wrong ones now find that they have little to offer employers. They’re losing the race against the machine, a fact reflected in today’s employment statistics.”Authors Race Against the Machine

Average Is Over

January 27, 2012
By

By THOMAS L. FRIEDMAN
Published: January 24, 2012 New York Times

In an essay, entitled “Making It in America,” in the latest issue of The Atlantic, the author Adam Davidson relates a joke from cotton country about just how much a modern textile mill has been automated: The average mill has only two employees today, “a man and a dog. The man is there to feed the dog, and the dog is there to keep the man away from the machines.”

Davidson’s article is one of a number of pieces that have recently appeared making the point that the reason we have such stubbornly high unemployment and sagging middle-class incomes today is largely because of the big drop in demand because of the Great Recession, but it is also because of the quantum advances in both globalization and the information technology revolution, which are more rapidly than ever replacing labor with machines or foreign workers. Read More

 

How the U.S. Lost Out on iPhone Work

January 24, 2012
By

CHARLES DUHIGG and KEITH BRADSHER NYT

When Barack Obama joined Silicon Valley’s top luminaries for dinner in California last February, each guest was asked to come with a question for the president. But as Steven P. Jobs of Apple spoke, President Obama interrupted with an inquiry of his own: what would it take to make iPhones in the United States?

Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas. Read More

 

H-1B Workers Are in a State of Indentured Servitude

January 9, 2012
By

Ron Hira:, Associate Professor of Public Policy at Rochester Institute of Technology

The goal of these guest worker programs is to bring in foreign workers who complement the American workforce. Indeed, many highly skilled and highly paid workers are brought in by employers to do so. However, loopholes have made it too easy to bring in cheaper foreign workers, with ordinary skills, who directly substitute for rather than complement American workers. The use of the programs for cheaper labor is substantial and growing, and they are clearly displacing and denying opportunities to American workers.Read More

 

 

Unique skills needed in today’s world economy

January 9, 2012
By

Rob Murphy: auburnpub.com

Well, the rest of the world has caught up to America. Understand that there is a world price for everything including labor and American workers want about $25 an hour that hundreds of millions in the world would be willing to do for $2. Businesses are not leaving America because of greed but because it is the only way they can survive. They cannot compete against $2 an hour labor. To regain the middle class, we have to become a knowledge based society. That will require a lot of time, years in fact, and education. We have to be able to provide to the rest of the world products and services they can’t get from other countries. And workers have to accept the fact that selling their labor and working hard just ain’t gonna cut it. They need to have unique skills and knowledge. Read More

 

Jobs Outlook

January 6, 2012
By

Overall, economic growth at about 2 percent—and certainly not better than 2.5 percent—can be expected in 2012

The economy must grow at 2.5 to 3 percent—long term—to keep unemployment steady, because new technology and better methods permit labor productivity to increase 2 percent each year and natural population increases pushes up the labor force about 1 percent.

Source:FoxNews.com

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