The World Economic Forum (2016) warned that “the Fourth Industrial Revolution, which includes developments in previously disjointed fields such as artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology, will cause widespread disruption not only to business models but also to labor markets over the next five … Continue reading
Category Archives: Jobs
Low Paying Jobs
Extensive study (in English, .pdf file) by the Federal Reserve Bank of Dallas, TX describing the loss over the last 20 years of middle-skill jobs in the U.S. labor market, a “barbell economy.”
Job Losses Up 218% in January 2016
February 4, 2016 Challenger, Gray and Christmas, an outplacement firm, released its job cuts report for January. Layoffs increased by 218%, the highest since last summer, mostly due to a loss of 16,000 jobs at Wal-Mart, America’s biggest non-government employer, and 4,800 at Macy’s. The low-wage retail sector suffered cuts … Continue reading
Solar Power Economics
October 24, 2014 Here’s an example –albeit of limited scope- of how solar power could be used to reduce unemployment. An Arizona-based private company will build a 60-megawatt solar power plant on 600 acres of dry, vacant land near Mendota, California, a drought-stricken community with near 30% unemployment about 25 … Continue reading
Worldwide Jobs Crisis 2014-2030
In a report prepared for the G20 Labor and Employment Ministerial Meeting Melbourne, Australia, 10-11 September 2014, the World Bank warns the world faces a jobs crisis. 600 million jobs will need to be created worldwide by 2030 to cope with the expanding population. The report makes it clear that … Continue reading