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Here Come The Robots – And They Are Going To Take Almost All Of Our Jobs February 6, 2017

Robot Human Hand - Public DomainWhat is going to happen to society when robots are able to do just about everything better, faster and cheaper than human workers can?  We live at a time when technology is increasing at an exponential pace.  Incredible advancements in robotics, computer science and artificial intelligence are certainly making our lives more comfortable, but they are also bringing fundamental changes to the workplace.  For employers, there are a lot of advantages to replacing human workers with robots.  Robots don’t surf around on Facebook when they are supposed to be working. Robots don’t need Obamacare, lunch breaks or vacation days. Robots never steal from the company and they never complain.  Up until fairly recently, human workers could generally perform many tasks more cheaply than robots could, but now that is rapidly changing.

For example, a coffee shop has just opened up in San Francisco that is manned by a robot instead of a human…

Tired of your barista misspelling your name on your morning cup of joe? Perhaps a robot could do better. On Monday, Cafe X opened its very first robotic cafe in San Francisco’s Metreon shopping center. Promising “precision crafted specialty coffee in seconds, the way the roaster intended,” Cafe X thinks that anything a human can do, its machines can do better.

Specifically, one very special machine. Nicknamed Gordon, after a Cafe X employee, this robot mans, or robots, two standard professional coffee machines in order to serve up espressos and lattes. In the San Francisco location, customers can grab a cup of coffee with beans from AKA Coffee, Verve Coffee Roasters, or Peet’s. While the coffee itself may not make Cafe X stand out from the competition, the startup hopes that the robot’s efficiency will.

If that coffee shop demonstrates that it can be much more profitable than a coffee shop with human employees, it is just a matter of time before human baristas start to be phased out all over the nation.

A similar thing is happening in many supermarkets.  Personally, I hate the “self-checkout lines”, but you are starting to see them everywhere these days.

And according to the Sun, Amazon is playing around with a concept that would employ hardly any human workers at all…

In the case of Amazon’s automated retail prototype, a half-dozen workers could staff an average location. A manager’s duties would include signing up customers for the “Amazon Fresh” grocery service. Another worker would restock shelves, and still another two would be stationed at “drive-thru” windows for customers picking up their groceries, fast-food style.

The last pair would work upstairs, helping the robots bag groceries to be sent down to customers on “dumbwaiter”-like conveyors, a source said.

With the bare-bones payroll, the boost to profits could be huge. Indeed, the prototype being discussed calls for operating profit margins north of 20 percent. That compares with an industry average of just 1.7 percent, according to the Food Marketing Institute.

During the recent presidential campaign, much was made of the fact that we have shipped millions of good paying jobs overseas over the past several decades.

We can certainly try to make some laws that would keep American workers from losing jobs to foreign workers, but pretty soon workers all over the world are going to be losing millions of jobs to technology, and it is going to be just about impossible to make laws to prevent that from happening.

Just check out what is happening in China.  Many big firms had moved manufacturing to China because labor was much cheaper over there, but now a lot of those cheap Chinese workers are being replaced by robots

Apple’s iPhone manufacturer, Foxconn, in fact, has already begun automating certain work that was previously done by hand. A Chinese government official told a Hong Kong newspaper in May that Foxconn had replaced 60,000 workers with robots at one factory there. And the company is receiving incentives north of Shanghai in the eastern-central Jiangsu Province to accelerate investments in robotics to replace human labor, according to Chinese state media organization Xinhua.

Sadly, this is just the beginning.  According to one study, 49 percent of all activities currently performed by human workers could already “be turned over to some sort of machine or robot”…

About 49% of worker activities can be turned over to some sort of machine or robot, increasingly helped along by artificial-intelligence software, according to consultancy McKinsey.

About 58% of CEOs plan to cut jobs over the next five years because of robotics, while 16% say they plan to hire more people because of robotics, according to a PricewaterhouseCoopers survey.

And Carl Frey of Oxford University has determined that some professions have more than a 90 percent chance of becoming automated in the coming years

The revelations that dependable office jobs such as insurance workers and real estate agents have a more than 97% chance of becoming computerised could now spark fears among the middle class workforce.

‘While low-skilled jobs are most exposed to automation over the forthcoming decades, a substantial number of middle-income jobs are equally at risk.’ Frey told The Times.

Other jobs that feature high on the ‘risk list’ are credit analysts who have a 97% chance of losing their jobs to robots, postal service workers at 95% and lab technicians who have an 89% chance of seeing their role become automated.

So what in the world are we going to do with billions of human workers around the globe that are no longer needed when technology takes virtually all of our jobs?

Some have suggested that the idea of “work” will become a thing of the past, and that society will evolve into a socialist utopia where everything we need is provided for by the government.  In fact, the concept of a “universal basic income” is already being promoted in Europe and elsewhere.

But others see a dystopian future where the gap between the “haves” and the “have nots” grows greater than ever before.  Humanity has always been plagued by poverty and greed, and everyone agrees that the gap between the very wealthy and the rest of us has been growing very rapidly in recent years.

Where there is nearly universal agreement is on the fact that big changes are coming.  Workers are going to be displaced by technology at an accelerating rate in the years ahead, and this will present a tremendous challenge for us all.

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Employment Boom: 10 Companies That Have Promised To Add Jobs In The United States Since Trump Was Elected January 24, 2017

Hiring - Public DomainOne of the primary things that Trump’s presidency will be judged upon is his ability to encourage the creation of good paying jobs for American workers, and so far the results have been quite promising.  Since Trump’s surprise election victory in November, a whole bunch of companies have either promised to bring jobs back into the country or have pledged to create new ones.  Ultimately time will tell if those jobs actually materialize, but for the moment there is a tremendous amount of optimism in the air.  In fact, I don’t know if we have ever seen anything quite like this at the beginning of a new presidency.  The following are 10 companies that have promised to add jobs in the United States since the election of Donald Trump…

#1 Kroger says that it intends to fill 10,000 permanent positions in the United States this year.

#2 IBM has announced that it will be hiring an additional 25,000 workers in the United States over the next four years.

#3 Foxconn is considering setting up a 7 billion dollar plant in the United States that would create between 30,000 and 50,000 jobs.

#4 Amazon.com has pledged to add 100,000 full-time jobs in the United States by mid-2018.

#5 Wal-Mart has announced that it plans to add approximately 10,000 retail jobs in the United States in 2017.

#6 Sprint has announced that 5,000 jobs will be brought back to the United States instead of going overseas.

#7 After meeting with Trump, the CEO of SoftBank stated his intention to create 50,000 new jobs in the United States.

#8 After a phone call from Trump, industrial manufacturing giant Carrier promised to keep hundreds of jobs in the United States instead of moving them out of the country.

#9 Hyundai has promised to spend 3.1 billion dollars supporting their current factories in Georgia and Alabama, and they have said that they are now considering adding an additional factory in the United States as well.

#10 GM has pledged to invest a billion dollars in U.S. factories and to add or keep 7,000 jobs in the United States.

Unlike most politicians, so far Donald Trump seems determined to actually keep many of the promises that he made during the campaign.  And on Monday he kept a very important promise by pulling the U.S. out of the Trans-Pacific Partnership.  If you are not familiar with the Trans-Pacific Partnership, the following is a pretty good summary  from USA Today

The TPP is a comprehensive trade agreement among 12 Pacific Rim countries, not including China, that was signed last year by President Obama after seven years of negotiation. But the Senate had not yet ratified it. The 30-chapter pact, which also needed to be ratified by other countries before Trump’s order Monday, primarily aims to boost exports, remove tariffs and non-tariff  barriers, open access to more markets and usher in transparency in trade rules.

The 12 nations that were to be included in the Trans-Pacific Partnership collectively account for approximately 40 percent of global GDP.  So it was going to be a very big deal, and it is something that Barack Obama had been working on for many years.

But with one stroke of a pen it is over, and as I will explain below that is a very good thing.

Trump is also promising to keep his pledge to renegotiate NAFTA

On Nafta, Trump said Sunday that he’ll meet with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto to begin discussing the deal, which he has routinely blamed for the loss of U.S. jobs although there was little change to employment in the U.S. in several years after it went into effect. Trump signaled that he’s willing to work with the U.S.’s closest neighbors.

“We’re going to start renegotiating on Nafta, on immigration, and on security at the border,” Trump said at the start of a swearing-in ceremony for top White House staff. “I think we’re going to have a very good result for Mexico, for the United States, for everybody involved. It’s really very important.”

Nobody is suggesting that we shouldn’t trade with the rest of the world, but what Donald Trump understands that so many other politicians do not is that many of these “free trade deals” have been extremely destructive to the U.S. economy.

For years, we have been buying far, far more from the rest of the world than they have been buying from us.  As a result of our massive trade deficits, there has been a continual flow of cash, jobs and businesses leaving the country.

Over the past several decades, formerly great manufacturing cities such as Detroit have been reduced to urban hellholes.  Meanwhile, China has become exceedingly wealthy and gleaming new factories have sprouted like mushrooms in their major cities.

This didn’t happen by accident.

Bad decisions lead to bad results.  And if we had kept on doing the same things, we would have continued to systematically impoverish our nation.

For more than seven years, I have been hammering home the message that our trade policies have been absolutely killing us.  So I am quite thankful that we finally have a president that understands these things.

Of course there is much more to fixing our economy than just addressing our trade deals.  As I discussed yesterday, our rapidly growing debt is becoming a major crisis, and that is going to present quite a challenge for Trump.

But for the moment, we should definitely celebrate the fact that Trump has gotten us out of the TPP and that he plans to renegotiate NAFTA.

Donald Trump understands business, and it is going to be fascinating to watch how a businessman handles the position of the presidency.  It has only been a few days, but already some of his former critics seem to be coming around a little bit.  For instance, just consider what Mark Cuban is saying

The Dallas Mavericks owner and entrepreneur is “playing it by ear” when it comes to the effect President Donald Trump’s policies will have on the stock market. But he thinks there’s possible upside.

“I think the discussed economic programs are potentially a big plus for public companies and the overall economy,” Mr. Cuban said in an e-mail Monday morning.

The potential policies Mr. Cuban is optimistic about: corporate tax cuts; getting rid of the “friction” for small businesses; and reducing and simplifying administrative activities.

Considering our current trajectory and the immense amount of long-term damage that was done during the Obama years, it is hard to be optimistic about the future of the U.S. economy.

However, I am certainly willing to give Donald Trump a chance to show what he can do.

At least he is doing things differently than his predecessors did, and that is to be greatly applauded because the road that we were on clearly would have ended in economic oblivion.

We may very well end up there anyway, but there is certainly nothing wrong with being hopeful that Trump can somehow turn things around.

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Employment Boom: 10 Companies That Have Promised To Add Jobs In The United States Since Trump Was Elected

Hiring - Public DomainOne of the primary things that Trump’s presidency will be judged upon is his ability to encourage the creation of good paying jobs for American workers, and so far the results have been quite promising.  Since Trump’s surprise election victory in November, a whole bunch of companies have either promised to bring jobs back into the country or have pledged to create new ones.  Ultimately time will tell if those jobs actually materialize, but for the moment there is a tremendous amount of optimism in the air.  In fact, I don’t know if we have ever seen anything quite like this at the beginning of a new presidency.  The following are 10 companies that have promised to add jobs in the United States since the election of Donald Trump…

#1 Kroger says that it intends to fill 10,000 permanent positions in the United States this year.

#2 IBM has announced that it will be hiring an additional 25,000 workers in the United States over the next four years.

#3 Foxconn is considering setting up a 7 billion dollar plant in the United States that would create between 30,000 and 50,000 jobs.

#4 Amazon.com has pledged to add 100,000 full-time jobs in the United States by mid-2018.

#5 Wal-Mart has announced that it plans to add approximately 10,000 retail jobs in the United States in 2017.

#6 Sprint has announced that 5,000 jobs will be brought back to the United States instead of going overseas.

#7 After meeting with Trump, the CEO of SoftBank stated his intention to create 50,000 new jobs in the United States.

#8 After a phone call from Trump, industrial manufacturing giant Carrier promised to keep hundreds of jobs in the United States instead of moving them out of the country.

#9 Hyundai has promised to spend 3.1 billion dollars supporting their current factories in Georgia and Alabama, and they have said that they are now considering adding an additional factory in the United States as well.

#10 GM has pledged to invest a billion dollars in U.S. factories and to add or keep 7,000 jobs in the United States.

Unlike most politicians, so far Donald Trump seems determined to actually keep many of the promises that he made during the campaign.  And on Monday he kept a very important promise by pulling the U.S. out of the Trans-Pacific Partnership.  If you are not familiar with the Trans-Pacific Partnership, the following is a pretty good summary  from USA Today

The TPP is a comprehensive trade agreement among 12 Pacific Rim countries, not including China, that was signed last year by President Obama after seven years of negotiation. But the Senate had not yet ratified it. The 30-chapter pact, which also needed to be ratified by other countries before Trump’s order Monday, primarily aims to boost exports, remove tariffs and non-tariff  barriers, open access to more markets and usher in transparency in trade rules.

The 12 nations that were to be included in the Trans-Pacific Partnership collectively account for approximately 40 percent of global GDP.  So it was going to be a very big deal, and it is something that Barack Obama had been working on for many years.

But with one stroke of a pen it is over, and as I will explain below that is a very good thing.

Trump is also promising to keep his pledge to renegotiate NAFTA

On Nafta, Trump said Sunday that he’ll meet with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto to begin discussing the deal, which he has routinely blamed for the loss of U.S. jobs although there was little change to employment in the U.S. in several years after it went into effect. Trump signaled that he’s willing to work with the U.S.’s closest neighbors.

“We’re going to start renegotiating on Nafta, on immigration, and on security at the border,” Trump said at the start of a swearing-in ceremony for top White House staff. “I think we’re going to have a very good result for Mexico, for the United States, for everybody involved. It’s really very important.”

Nobody is suggesting that we shouldn’t trade with the rest of the world, but what Donald Trump understands that so many other politicians do not is that many of these “free trade deals” have been extremely destructive to the U.S. economy.

For years, we have been buying far, far more from the rest of the world than they have been buying from us.  As a result of our massive trade deficits, there has been a continual flow of cash, jobs and businesses leaving the country.

Over the past several decades, formerly great manufacturing cities such as Detroit have been reduced to urban hellholes.  Meanwhile, China has become exceedingly wealthy and gleaming new factories have sprouted like mushrooms in their major cities.

This didn’t happen by accident.

Bad decisions lead to bad results.  And if we had kept on doing the same things, we would have continued to systematically impoverish our nation.

For more than seven years, I have been hammering home the message that our trade policies have been absolutely killing us.  So I am quite thankful that we finally have a president that understands these things.

Of course there is much more to fixing our economy than just addressing our trade deals.  As I discussed yesterday, our rapidly growing debt is becoming a major crisis, and that is going to present quite a challenge for Trump.

But for the moment, we should definitely celebrate the fact that Trump has gotten us out of the TPP and that he plans to renegotiate NAFTA.

Donald Trump understands business, and it is going to be fascinating to watch how a businessman handles the position of the presidency.  It has only been a few days, but already some of his former critics seem to be coming around a little bit.  For instance, just consider what Mark Cuban is saying

The Dallas Mavericks owner and entrepreneur is “playing it by ear” when it comes to the effect President Donald Trump’s policies will have on the stock market. But he thinks there’s possible upside.

“I think the discussed economic programs are potentially a big plus for public companies and the overall economy,” Mr. Cuban said in an e-mail Monday morning.

The potential policies Mr. Cuban is optimistic about: corporate tax cuts; getting rid of the “friction” for small businesses; and reducing and simplifying administrative activities.

Considering our current trajectory and the immense amount of long-term damage that was done during the Obama years, it is hard to be optimistic about the future of the U.S. economy.

However, I am certainly willing to give Donald Trump a chance to show what he can do.

At least he is doing things differently than his predecessors did, and that is to be greatly applauded because the road that we were on clearly would have ended in economic oblivion.

We may very well end up there anyway, but there is certainly nothing wrong with being hopeful that Trump can somehow turn things around.

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