inspiral + employment   335

Opinion | Hey Boss, You Don’t Want Your Employees to Meditate - The New York Times
But on the face of it, mindfulness might seem counterproductive in a workplace setting. A central technique of mindfulness meditation, after all, is to accept things as they are. Yet companies want their employees to be motivated. And the very notion of motivation — striving to obtain a more desirable future — implies some degree of discontentment with the present, which seems at odds with a psychological exercise that instills equanimity and a sense of calm.
mindfulness  meditation  employment  productivity  research  NYTimes  2018 
9 weeks ago by inspiral
Underpaid and exhausted: the human cost of your Kindle | Technology | The Guardian
In the Chinese city of Hengyang, we find a fatigued, disposable workforce assembling gadgets for Amazon, owned by the world’s richest man.
Amazon  Foxconn  employment  review  critique  China  Guardian  2018 
10 weeks ago by inspiral
Does Having a Day Job Mean Making Better Art? - The New York Times
But even the celebrity painters of the past half-century had to hustle at one point. As David Salle — who was financially insolvent at the time of his first show, held at the loft of a young dealer named Larry Gagosian in 1979 — admitted in a 2005 lecture, “It was common not to expect to be able to live from your art” in 1970s New York. Inclusion in the city’s top exhibitions during the ’80s brought Salle the fame that allowed him to spend “most days in my studio, alone,” no supplementary income required. Artistic success, it can often seem, means earning enough money from your art not to have to take a job.
art  artist  employment  income  history  trends  NYTimes  2018 
march 2018 by inspiral
When Amazon Opens Warehouses - The Atlantic
Yet in many ways, Amazon has not been a “rare and wonderful” opportunity for San Bernardino. Workers say the warehouse jobs are grueling and high-stress, and that few people are able to stay in them long enough to reap the offered benefits, many of which don’t become available until people have been with the company a year or more. Some of the jobs Amazon creates are seasonal or temporary, thrusting workers into a precarious situation in which they don’t know how many hours they’ll work a week or what their schedule will be. Though the company does pay more than the minimum wage, and offers benefits like tuition reimbursement, health care, and stock options, the nature of the work obviates many of those benefits, workers say. “It’s a step back from where we were,” said Pat Morris, the former mayor, about the jobs that Amazon offers. “But it’s a lot better than where we would otherwise be,” he said.
Amazon  employment  casualisation  review  critique  USA  TheAtlantic  2018 
february 2018 by inspiral
Be Careful When Raising Minimum Wages - Bloomberg
What happens when pay floors rise is open to debate, so going slow makes sense.
income  employment  minimumwage  research  review  USA  author:NoahSmith  Bloomberg  2017 
january 2018 by inspiral
Millennials Are Screwed - The Huffington Post
All of these trends—the cost of education, the rise of contracting, the barriers to skilled occupations—add up to an economy that has deliberately shifted the risk of economic recession and industry disruption away from companies and onto individuals. For our parents, a job was a guarantee of a secure adulthood. For us, it is a gamble. And if we suffer a setback along the way, there’s so little to keep us from sliding into disaster.
Millennials  finance  decline  insecurity  employment  casualisation  uncertainty  poverty  healthcare  incomeinequality  inequality  racism  retirement  housing  regulations  zoning  USA  HuffingtonPost  Highline  2017 
december 2017 by inspiral
Silicon Valley Is Sneaking Models Into This Year’s Holiday Parties - Bloomberg
“Ambiance and atmosphere models” contractually obligated to pretend they’re party guests are in record demand from local agencies.
SiliconValley  sexism  gender  employment  review  critique  Bloomberg  2017 
december 2017 by inspiral
Amazon's Last Mile
Who delivers Amazon orders? Increasingly, it’s plainclothes contractors with few labor protections, driving their own cars, competing for shifts on the company’s own Uber-like platform. Though it’s deployed in dozens of cities and associated with one of the world’s biggest companies, government agencies and customers alike are nearly oblivious to the program’s existence.
Amazon  AmazonFlex  employment  casualisation  gigeconomy  review  critique  Gizmodo  2017 
november 2017 by inspiral
India Warily Eyes AI - MIT Technology Review
Technology outsourcing has been India’s only reliable job creator in the past 30 years. Now artificial intelligence threatens to wipe out those gains.
enterprise  outsourcing  informationtechnology  automation  employment  decline  forecast  India  TechnologyReview  2017 
october 2017 by inspiral
Tech Giants Are Paying Huge Salaries for Scarce A.I. Talent - The New York Times
Nearly all big tech companies have an artificial intelligence project, and they are willing to pay experts millions of dollars to help get it done.
artificialintelligence  employment  income  compensation  SiliconValley  NYTimes  2017 
october 2017 by inspiral
What Is CamperForce? Amazon's Nomadic Retiree Army | WIRED
In a company presentation, one slide read, “Jeff Bezos has predicted that, by the year 2020, one out of every four workampers in the United States will have worked for Amazon.”
Amazon  CamperForce  employment  casualisation  elderly  USA  Wired  2017 
october 2017 by inspiral
The EU exodus: When doctors and nurses follow the money – POLITICO
Freedom of movement is one of the cornerstones of the European Union. When it comes to providing health care in the bloc’s poorest countries, it’s also a problem.
healthcare  employment  migration  Europe  EuropeanUnion  Croatia  Estonia  review  critique  Politico  2017 
september 2017 by inspiral
To Understand Rising Inequality, Consider the Janitors at Two Top Companies, Then and Now - The New York Times
In part, fewer of these kinds of workers are needed in an era when software plays such a big role. The lines of code that make an iPhone’s camera work can be created once, then instantly transmitted across the globe, whereas each roll of film had to be manufactured and physically shipped. And companies face brutal global competition; if they don’t keep their work force lean, they risk losing to a competitor that does.

But major companies have also chosen to bifurcate their work force, contracting out much of the labor that goes into their products to other companies, which compete by lowering costs. It’s not just janitors and security guards. In Silicon Valley, the people who test operating systems for bugs, review social media posts that may violate guidelines, and screen thousands of job applications are unlikely to receive a paycheck directly from the company they are ultimately working for.
employment  outsourcing  incomeinequality  bifurcation  Kodak  Apple  personalaccount  insecurity  income  USA  NYTimes  2017 
september 2017 by inspiral
The “Work from Home” Dream Doesn’t Work | WIRED
TECHNOLOGY DIDN’T KILL THE OFFICE. INSTEAD IT MADE COWORKING SPACES EVEN MORE IMPORTANT IN TODAY’S GIG-ECONOMY WORLD.
employment  trends  freelanceeconomy  WeWork  coworking  Wired  2017 
august 2017 by inspiral
Alone on the Open Road: Truckers Feel Like ‘Throwaway People’ - The New York Times
President Trump ignited a national discussion of blue-collar jobs.
Truck driving, once a road to the middle class, is now low-paying,
grinding, unhealthy work. We talked with drivers about why they do it.
trucking  transport  employment  personalaccount  USA  NYTimes  2017 
may 2017 by inspiral
A job for life: the ‘new economy’ and the rise of the artisan career
Two of the titles include references to the “new economy” — the word “new”, in this context, being essentially a synonym for “knowledge-based”. A new economy is one where the generator of exchange value — wealth — has shifted from material goods to knowledge and ideas. Aside from a sense of precariousness, its key features include: the rise of industries such as information technology, pharmaceuticals and nanotechnology; a growing separation between “elite” service jobs, such as those in finance and law, and those in sectors such as cleaning and food provision; and, in physical terms, the transform­ation of rundown emblems of the industrial past (such as factories and docklands) into vibrant “urban hubs”.
employment  trends  craft  automation  RichardEOcejo  IlanaGershon  AndyMerrifield  FinancialTimes  2017 
april 2017 by inspiral
“Inclusion” is not for outsiders – Fits and Starts – Medium
By celebrating the inclusion of insiders — people of different genders and races who have been pre-assimilated into Silicon Valley via Harvard or Georgetown or Stanford — the industry misdirects attention from the inclusion of actual outsiders. We don’t change much by publicizing that we have hired people that we would have hired anyway. Under the current philosophy the rich (and this includes culturally and educationally rich) only get richer. You’re a woman who went to Harvard, we have a job for you! You are an African American engineer from MIT, we have 6 competing offers! That’s not to say that these candidates aren’t fantastic, they are. It’s saying that we’re not looking past race and gender to other forms of socioeconomic mobility.
inclusion  employment  diversity  review  personalaccount  author:NaithanJones  Medium  2017 
april 2017 by inspiral
James Meek · Somerdale to Skarbimierz · LRB 20 April 2017
The chief of the many flaws in this version is that at both ends of the Somerdale-Skarbimierz journey, the new jobs are worse than the old Somerdale ones. Even supposing all the redundant Somerdale workers, and their children, found similar low-skilled jobs, they would never be as well-paid as they were at Somerdale, and, crucially, wouldn’t have the same generous final salary pensions. Some of the Somerdale workers’ children, no doubt, will enter the higher-wage higher-skill world of the professional tech class, but the flipside of Matt Cross’s optimism is that those jobs will be few, and the zero-hours army many. The outflow of old-style manufacturing jobs, with good pay, conditions and pensions, couldn’t be matched by any foreseeable inflow. ‘People at the lower end of the workforce,’ Cross said, ‘start to lose their engagement in the workforce and the jobs they can get are very temporary jobs, minimum wage jobs, the Sports Direct-type model.’
Cadburys  globalisation  EuropeanUnion  subsidies  employment  casualisation  Poland  UK  LondonReviewofBooks  2017 
april 2017 by inspiral
Fewer than half of newspaper jobs from 15 years ago still exist
In the past 15 years, more than half the jobs in the news industry have disappeared, the U.S. Bureau of Labor Statistics reported this week.
journalism  newspapers  employment  decline  USBureauofLabourStandards  USA  Mashable  2017 
april 2017 by inspiral
The World’s 50 Best Restaurants Get by With a Lot of Unpaid Labor - Eater
Without a significant volunteer staff, many prestigious restaurants could not function
restaurants  employment  apprenticeship  review  critique  inequality  Eater  2017 
april 2017 by inspiral
Robots do destroy jobs and lower wages, says new study - The Verge
But is this really true? A new study from the National Bureau of Economic Research aims to add some solid numbers to the debate, looking at the historical effects of robots on employment in the US. Economists Daron Acemoglu and Pascual Restrepo studied the US labor market between 1990 and 2007, looking at employment rates in different areas and industries while controlling for the influence of factors like increased imports from China and the offshoring of jobs.

They found that each new robot added to the workforce meant the loss of between 3 and 5.6 jobs in the local commuting area. Meanwhile, for each new robot added per 1,000 workers, wages in the surrounding area would fall between 0.25 and 0.5 percent.
manufacturing  automation  robotics  employment  review  research  TheVerge  2017 
march 2017 by inspiral
Tech community "dumbfounded" by Mnuchin's dismissal of AI impact on jobs - Axios
Treasury Secretary Steve Mnuchin riled the tech community this morning when he told Axios' Mike Allen that displacement of jobs by artificial intelligence and automation is "not even on my radar screen" because the technology is "50-100 more years" away. Mnuchin also said he is "not worried at all" about robots displacing humans in the near future. "In fact, I'm optimistic."
automation  artificialintelligence  employment  SteveMnuchin  forecast  review  critique  Axios  2017 
march 2017 by inspiral
How automation will impact jobs: the optimistic version — Quartz
According to the optimist’s viewpoint, a factory that saves money on labor through automation will either:
Lower prices, which makes its products more appealing and creates an increased demand that may lead to the need for more workers.
Generate more profit or pay higher wages. That may lead to increased investment or increased consumption, which can also lead to more production, and thus, more employment.
automation  employment  review  advocacy  critique  forecast  Quartz  2017 
march 2017 by inspiral
The rise of the useless class |
In the 19th century the Industrial Revolution created a huge urban proletariat, and socialism spread because no other creed managed to answer the unprecedented needs, hopes and fears of this new working class. Liberalism eventually defeated socialism only by adopting the best parts of the socialist program. In the 21st century we might witness the creation of a massive new unworking class: people devoid of any economic, political or even artistic value, who contribute nothing to the prosperity, power and glory of society. This “useless class” will not merely be unemployed — it will be unemployable.
automation  employment  unemployment  reviewforecast  author:YuvalNoahHarari  TED  2017 
march 2017 by inspiral
A Perfect Storm at Uber - The New Yorker
The C.E.O. of Uber, Travis Kalanick, is under fire for his company’s record of sexual-harassment complaints.
Uber  sexism  harassment  employment  review  critique  NewYorker  2017 
march 2017 by inspiral
No, Robots Aren’t Killing the American Dream - The New York Times
Productivity and pay rose in tandem for decades after World War II, until labor and wage protections began to be eroded. Public education has been given short shrift, unions have been weakened, tax overhauls have benefited the rich and basic labor standards have not been updated.

As a result, gains from improving technology have been concentrated at the top, damaging the middle class, while politicians blame immigrants and robots for the misery that is due to their own failures. Eroded policies need to be revived, and new ones enacted.
employment  income  automation  redistribution  publicpolicy  review  critique  USA  NYTimes  2017 
february 2017 by inspiral
Uber’s Leather Boys
Here it is in a nutshell. Fowler worked on the Site Reliability Engineering team (SRE), with about 120 men and 6 women. Uber decided to buy the SREs leather jackets, and gave fittings to all. But after the company learned that it had enough men’s sizes to qualify for a discount but would have to pay retail for the women’s jackets, it decided to give jackets only to male SREs. Fowler sent an email to the director to note the unfairness, and he replied essentially that she was being unfair, because if Uber paid more for women’s jackets, then the women would be getting special treatment.
Uber  employment  sexism  discrimination  critique  BackChannel  2017 
february 2017 by inspiral
Facebook’s new job opening posts poach business from LinkedIn | TechCrunch
Business Pages will now be able to post job openings to the News Feed through the status update composer, and host them on a Jobs tab on their Page. When users see these, they can hit an “Apply Now” button to instantly send an application through Facebook Messenger. Facebook will pre-fill the user’s name and profile picture to speed up the process. These features are now becoming available to all U.S. and Canada business Pages.
Facebook  FacebookJobs  employment  recruitment  launch  casual  Techcrunch  2017 
february 2017 by inspiral
Lloyd's alcohol ban challenges City of London's drinking culture | Business | The Guardian
While in bars in the City many are complaining about the ban, others say lunchtime drinking is already a thing of the past
Lloyds  alcohol  London  employment  Guardian  2017 
february 2017 by inspiral
The hardest punch to dodge... — Remains of the Day
Alan Krueger, a former chairman of President Obama’s Council of Economic Advisers, said the research presents “strong evidence that the increase in the number of less-educated young men who are not working is not entirely a result of weak demand for their services.” He added, “They find evidence that a portion ... of the decrease in work time of less-educated young men can be a result of the appeal of video games.”
employment  unemployment  gaming  relationship  research  consumer  men  USA  RemainsoftheDay  2017 
february 2017 by inspiral
Who killed the curry house? | Bee Wilson | Life and style | The Guardian
For a few decades from the 1970s to the 2000s, the curry house – like its high street companion, the pub – looked like a permanent feature of British life; maybe even an emblem of Britishness itself. Yet it is now clear that our passionate relationship with these restaurants was a product of particular circumstances. For the high street curry house to flourish in its classical form, British tastes needed to stay fixed and south Asian cooks needed to be free to work here. Neither of these conditions now holds.
curry  food  culture  trends  decline  immigration  employment  cost  UK  Guardian  2017 
january 2017 by inspiral
Uber’s Drive Into India Relies on Raw Recruits - WSJ
Uber scrambles to find drivers in India, where many don’t have a car or smartphone
Uber  ridesharing  India  employment  critique  review  WallStreetJournal  2016 
january 2017 by inspiral
Why America's Restaurant Industry Is in a Bubble About to Burst - Thrillist
What we're witnessing, as you see this rise of both the high and low end, is the hollowing out of the restaurant industry center -- the gentrification of food, carried to its logical conclusion. You had something that was interesting and a great value, it attracted everyone, and now all that's left until a rebirth is extravagance or thrift.
restaurants  bifurcation  trends  cost  employment  property  Thrillist  2016 
january 2017 by inspiral
The Long-Term Jobs Killer Is Not China. It’s Automation. - The New York Times
Another analysis, from Ball State University, attributed roughly 13 percent of manufacturing job losses to trade and the rest to enhanced productivity because of automation. Apparel making was hit hardest by trade, it said, and computer and electronics manufacturing was hit hardest by technological advances.
employment  automation  globalisation  trade  China  review  DonaldTrump  USA  NYTimes  2016 
december 2016 by inspiral
Silicon Valley Has an Empathy Vacuum - The New Yorker
It is not just Facebook. It is time for our industry to pause and take a moment to think: as technology finds its way into our daily existence in new and previously unimagined ways, we need to learn about those who are threatened by it. Empathy is not a buzzword but something to be practiced. Let’s start by not raging on our Facebook feeds but, instead, taking a trip to parts of America where five-dollar lattes and freshly pressed juices are not perks but a reminder of haves and have-nots. Otherwise, come 2020, Silicon Valley will have become an even bigger villain in the popular imagination, much like its East Coast counterpart, Wall Street.
SiliconValley  startup  automation  employment  review  critique  backlash  NewYorker  2016 
november 2016 by inspiral
Manufacturing Jobs Aren’t Coming Back
President-elect Trump’s promise to bring back production jobs ignores the realities of advanced manufacturing.
manufacturing  automation  trends  impact  employment  DonaldTrump  USA  review  TechnologyReview  2016 
november 2016 by inspiral
Digitopoly | The Simple Economics of Machine Intelligence
Interpreting the rise of machine intelligence as a drop in the cost of prediction doesn’t offer an answer to every specific question of how the technology will play out. But it yields two key implications: 1) an expanded role of prediction as an input to more goods and services, and 2) a change in the value of other inputs, driven by the extent to which they are complements to or substitutes for prediction. These changes are coming. The speed and extent to which managers should invest in judgment-related capabilities will depend on the how fast the changes arrive.
artificialintelligence  machinelearning  impact  employment  review  Digitopoly  2016 
november 2016 by inspiral
Facebook threatens LinkedIn with job opening features | TechCrunch
Facebook might muscle-in on LinkedIn’s recruiting business with ways for business Pages to promote job listings. The new Jobs features could give companies another reason to drive traffic to their Facebook Page beyond marketing their products in the News Feed, while also allowing them to pay the social network to get their open position in front of more candidates.

Today TechCrunch spotted a Jobs tab on its Page, and now Facebook confirms it’s experimenting with a slew of recruiting features. A Facebook spokesperson tells me, “Based on behavior we’ve seen on Facebook, where many small businesses post about their job openings on their Page, we’re running a test for Page admins to create job postings and receive applications from candidates.”
Facebook  employment  recruitment  launch  Techcrunch  2016 
november 2016 by inspiral
My Second Thoughts About Universal Basic Income - Bloomberg View
Unfortunately, I don't have a good answer for how to get there, but I worry that permanent subsidies for those who don't work wouldn't lead toward solutions. That means effective safety-net policies will continue to be messy and complex. Although the universal basic income idea sounds like a good direct fix, it probably leads in the wrong direction.
guaranteedbasicincome  income  review  critique  employment  author:TylerCowen  Bloomberg  2016 
october 2016 by inspiral
Apple Hires Carnegie Mellon AI Academic to Push Machine Learning - Bloomberg
Apple Inc. hired a prominent artificial intelligence researcher from Carnegie Mellon University as it seeks to regain lost ground against competitors such as Google, Microsoft Corp. and Amazon.com Inc. in machine learning.
Russ Salakhutdinov tweeted on Monday that he’s joining the Cupertino, California-based company as a director of AI research, in addition to his role at the university. He posted a link to an Apple job application page seeking machine learning specialists.

Apple is seeking scientists with “experience in Deep Learning, Computer Vision, Machine Learning, Reinforcement Learning, Optimization, and/or Data Mining,” it said in the job listing.
Apple  artificialintelligence  machinelearning  RussSalakhutdinov  employment  Bloomberg  2016 
october 2016 by inspiral
Learning to Prosper in a Factory Town
Greenville, South Carolina, has bet its future on high-tech manufacturing. Who wins and who loses in this increasingly automated economy?
manufacturing  automation  robotics  employment  review  BMW  SouthCarolina  USA  TechnologyReview  2016 
october 2016 by inspiral
Apple poaches Imagination Technologies COO - Business Insider
Apple is hiring a lot of talent from British chip designer Imagination Technologies, the company that provides the graphics processor for the iPhone 7.

Apple confirmed in March through the London Stock Exchange that it had discussions to buy Imagination Technologies but that it ultimately did not make an offer for the chip company. 

But since then, Apple may have gotten what it wanted anyway, hiring several senior employees from Imagination as well as a handful of engineering talent in what was described to Business Insider as a "brain drain."
Apple  ImaginationTechnologies  microchips  employment  braindrain  BusinessInsider  2016 
october 2016 by inspiral
NHS saves £600m in crackdown on agency fees | Society | The Guardian
Hospitals have halted the relentless rise in ‘rip-off’ fees for temporary doctors and nurses
NHS  healthcare  hospitals  employment  recruitment  NHSImprovement  Guardian  2016 
october 2016 by inspiral
Next time you moan about the cost of a meal, think about who’s slaving in the kitchens | Jay Rayner | Life and style | The Guardian
Yes, there are people getting rich from restaurants. They’re usually the venture capitalists behind the dreary high-street chains, which use economies of scale to keep costs low. As to the rest, it’s a struggle. The middle classes will rally to the cause of low-paid workers in a sports merchandise warehouse but when it comes to the exploited ranks cooking their dinner they moan endlessly about price.
restaurants  income  employment  critique  author:JayRayner  Guardian  2016 
october 2016 by inspiral
Male Average is Over, sentences to ponder male fact of the day - Marginal REVOLUTION
In 1980, 66% of high-skilled men worked in cognitive occupations. Over the next 20 years, this proportion fell by 3 percentage points (pp) to 63%. Interestingly, this fall in the probability of working in a COG job was accompanied by a 3 pp rise in the fraction of college educated men not working (unemployed or out of the labor force).
gender  women  employment  unemployment  research  MarginalRevolution  2016 
october 2016 by inspiral
English care home closures are leaving vulnerable people at risk, says watchdog | Society | The Guardian
CQC warns that sector as a whole is at risk as providers of care for elderly and disabled people pull out over rising costs and cuts to council budgets
CareQualityCommission  socialcare  profitability  decline  employment  income  nationalivingwage  UK  Guardian  2016 
october 2016 by inspiral
These Asos Warehouse Workers Are Paying The True Price Of Your Order
The heart of the online retailer’s global empire is a giant warehouse in the north of England where workers say they are treated like machines to get your order to you wherever you are in the world. A BuzzFeed News investigation reveals allegations of exploitative contracts, an overbearing security regime, and stressed workers.
Asos  ecommerce  employment  review  critique  fashion  UK  Buzzfeed  2016 
september 2016 by inspiral
Making Sense of Modern Pornography - The New Yorker
While the Internet has made porn ubiquitous, it has also thrown the industry into severe decline.
pornography  review  impact  evolution  decentralisation  employment  income  sex  sexism  gender  censorship  NewYorker  2016 
september 2016 by inspiral
Technology is taking jobs away from men—and reviving a pre-industrial version of masculinity — Quartz
New technology may not be the end of men; it may just hasten a return to a pre-industrial version of masculinity, of sorts.
Humans are now accustomed to stability and higher living standards. To ease the transition, we need new institutions and a better safety net for the generation caught in the transition. And most importantly, we need an education system that does what employers once did. In the 19th century, employers trained workers for the new economy and set up schools. They replaced the apprenticeships that existed before factories. Today’s employers tend not to offer much training; they avoid investing in workers who might leave them.
Trying to bring back the old economy only prolongs the painful transition we are experiencing today. Instead of romanticizing the past, the conversation should be about the best way to educate the workforce and keep skills fresh so that modern men thrive as we redefine work.
employment  men  automation  evolution  masculinity  Quartz  2016 
september 2016 by inspiral
Impact of Social Sciences – How Academia Resembles a Drug Gang
Academic systems rely on the existence of a supply of “outsiders” ready to forgo wages and employment security in exchange for the prospect of uncertain security, prestige, freedom and reasonably high salaries that tenured positions entail. Drawing on data from the US, Germany and the UK, Alexandre Afonso looks at how the academic job market is structured in many respects like a drug gang, with an expanding mass of outsiders and a shrinking core of insiders. 
academia  university  employment  review  critique  bifurcation  dualisation  author:AlexandreAfonso  LSE  2016 
september 2016 by inspiral
McDonald’s Free Housing Lays Bare Eastern Europe’s Labor Crunch - Bloomberg
Once deemed a land of abundant cheap labor, the region has become a headache for employers. Ageing populations, an aversion to mass immigration and the exodus of millions to richer European states have left thousands of jobs unfilled and bumped salaries higher. That spells increased costs for companies, and the threat of reduced investment for economies that have thrived since European Union membership.
“The labor shortage is what keeps executives up at night across eastern Europe,” said Robert Bencze, director of PricewaterhouseCoopers LLP’s human resources consultancy business in Budapest, citing an annual PwC survey. “The first question investors now ask themselves before coming here is ‘will I be able to find enough employees to make my business work?”’
employment  shortage  Europe  Romania  Lithuania  Bulgaria  Estonia  Hungary  Poland  CzechRepublic  Latvia  income  Bloomberg  2016 
september 2016 by inspiral
Top graduates missing out on banking jobs for lacking 'polish' | Society | The Guardian
New study into social exclusion in investment banking reveals barriers put in way of ‘non-privileged’ applicants
banking  financialservices  employment  discrimination  recruitment  socialclass  research  critique  Guardian  2016 
september 2016 by inspiral
Blockchain Is Banks' Secret Sauce - Bloomberg Gadfly
UBS, Deutsche Bank, Santander and Bank of New York Mellon are teaming up to develop a new form of digital cash to clear and settle financial trades using blockchain technology, the Financial Times reports. This development has the potential to unleash the kind of profit growth that widespread use of computers had on the industry.While there's academic debate on how much additional money banks have made from investing in computers, any CEO will tell you it's meaningful. The trajectory of the net income of JPMorgan, the largest publicly traded lender in the U.S. by assets, is perhaps a good example. Over the past 15 years, the firm's bottom line swelled more than 14-fold while the number of employees only doubled.
banking  automation  employment  blockchain  innovation  UBS  DeutscheBank  Santander  BankofNewYorkMellon  Bloomberg  2016 
august 2016 by inspiral
Are universities worth it? — FT.com
Valero and Van Reenen find that universities do indeed seem to boost the income of their region. Double a region’s count of universities — say from five to 10 — and GDP per person can be expected to rise by 4 per cent. Double the university count again, from 10 to 20, and that’s another 4 per cent on GDP per person. Neighbouring regions also benefit. This is not a trivial effect.

Valero and Van Reenen are fairly confident that causation doesn’t run the other way — it’s not simply that regions build universities because they expect future growth. But they can’t be sure that there isn’t some third factor at play: perhaps, for example, strong and capable regional governments produce both prosperity and universities.

A more sceptical view comes from Bryan Caplan, an economics professor who, ironically, is the author of a forthcoming book The Case Against Education. Caplan points out — not unreasonably — that many students seem to learn nothing of any obvious relevance to the workplace but, on graduation, they’re rewarded with much better career prospects than non-graduates. Why?

Caplan’s answer is that education is a signal. If employers have no way to tell who is smart and diligent, a student can prove that she fits into that category by excelling in, say, Latin. The Latin is like a peacock’s tail: costly and useless in its own right but a necessary investment.
education  impact  employment  economy  region  geography  review  research  economics  author:TimHarford  FinancialTimes  2016 
august 2016 by inspiral
Equality drives fail to budge wage gap for higher educated women — FT.com
The research by the Institute for Fiscal Studies found that overall, wages for women have been catching up. The difference between the average hourly pay of men and women fell from 28 per cent in 1993 to 18 per cent last year.

But Robert Joyce from the IFS said this was “the result of more women becoming highly educated, and a decline in the wage gap among the lowest-educated”.

The IFS analysis found the gap widens after women have a first child and may be partly explained by differences in work experience. Before they have their first child, women earn on average 10 per cent less. But, by the time the child is 12, mothers are paid a third less.
employment  sexism  income  review  research  parents  mothers  InstituteforFiscalStudies  UK  FinancialTimes  2016 
august 2016 by inspiral
Uber’s CEO doesn’t think self-driving cars will cost jobs, and he might be right - Vox
he same logic could apply to the car market. If self-driving cars make taxi rides a lot cheaper, people will take a lot more taxi rides. And that could create more jobs even if the number of jobs per ride goes down. In the long run, there won’t be someone sitting in the driver’s seat, but there will be lots of other jobs supporting cars — things like maintaining, repairing, and cleaning the vehicles, handling customer service calls, keeping maps updated, and so forth.
Uber  automation  employment  impact  selfdrivingvehicles  review  Vox  2016 
august 2016 by inspiral
China’s Factories Count on Robots as Workforce Shrinks - WSJ
China’s appetite for European-made industrial robots is rapidly growing, as rising wages, a shrinking workforce and cultural changes drive more Chinese businesses to automation. The types of robots favored by Chinese manufacturers are also changing, as automation spreads from heavy industries such as auto manufacturing to those that require more precise, flexible robots capable of handling and assembling smaller products, including consumer electronics and apparel.
robotics  automation  employment  growth  China  WallStreetJournal  2016 
august 2016 by inspiral
Can We Help the Losers in Climate Change?
The demise of the coal industry should start a discussion of how we will respond to the economic upheaval caused by global warming.
climatechange  globalwarming  employment  impact  publicpolicy  TechnologyReview  2016 
august 2016 by inspiral
Self-Driving Cars Will Improve Our Cities. If They Don’t Ruin Them. — Backchannel
If we take action, we can build a dream transportation system around self-driving cars. If we don't, we'll create a nightmare.
selfdrivingvehicles  automotive  electricvehicles  forecast  trends  impact  employment  congestion  transportpolicy  environment  author:RobinChase  2016 
august 2016 by inspiral
Deliveroo couriers demonstrate against new contract | Money | The Guardian
Takeaway delivery service would like to do away with paying its workers an hourly rate, paying instead by number of orders delivered
Deliveroo  sharingeconomy  delivery  employment  critique  Guardian  2016 
august 2016 by inspiral
Apple, Google, Amazon, and the Advantages of Bigness - The New Yorker
When you look at some of the companies that had big market capitalizations twenty years ago, you may feel some reason to question the Big Five’s ability to hold on. Back then, Cisco Systems, Microsoft, and Intel had the greatest value on the market among technology companies. But, the way I see it, the bigness of today’s Big Five gives them an opportunity to keep building larger moats around their platforms. For starters, these companies are able to hoard data, which allows them to become smarter in learning about their customers. Because of their leviathan-scale operations, they have the infrastructure and resources to write algorithms and make their platforms more effective. A
Apple  Google  Amazon  Facebook  size  growth  advocacy  data  employment  technology  innovation  author:OmMalik  NewYorker  2016 
august 2016 by inspiral
Where machines could replace humans--and where they can’t (yet) | McKinsey & Company
The technical potential for automation differs dramatically across sectors and activities.
employment  automation  impact  sector  review  research  McKinsey  2016 
july 2016 by inspiral
How Amazon Triggered a Robot Arms Race - Bloomberg
In 2012 Jeff Bezos scooped up warehouse automation firm Kiva. Everyone else is still trying to catch up.
Amazon  Kiva  robotics  automation  distribution  review  employment  innovation  Bloomberg  2016 
june 2016 by inspiral
Swiss Fintech Report 2016: The role of Switzerland as a fintech hub
This report thus looks at Switzerland as one of the main global financial centers, and its evolution in response to recent changes, such as the introduction of automatic information exchange. Furthermore, the report outlines the main criteria and reasons that speak in favor of starting ventures in Switzerland compared with the other financial centers, New York City, London and Singapore. The report is backed by several interviews we had the privilege to conduct with extraordinary entrepreneurs at different stages of their respective ventures, as well as one of the biggest reinsurance companies globally.

Overall, the report indicates that Switzerland is making good progress on the journey to become an excellent place to start a venture. Widely recognized for its excellent education and world-class universities, together with a deep knowledge in the field of financial services, Switzerland remains attractive despite the high cost of living and the corresponding high salaries needed to attract the right talent. When it comes to financing, Switzerland is facing some challenges despite being one of the richest countries in the world. Because of its location at the heart of Europe, pan-European business models are typically expected from the outset of a venture, which can prove a tough proposition depending on the circumstances. As a result, venture financing can sometimes be more difficult to find in Switzerland compared with other countries with large domestic markets that allow operations to be scaled up more easily.
Switzerland  startup  fintech  financialservices  review  employment  education  government  cost  support  investment  comparison  London  NewYork  Singapore  EY  2016 
june 2016 by inspiral
The Brexit Possibility – Stratechery by Ben Thompson
Again, there are clear differences between the left and right: the former sees Wall Street or The City as the villain, while the latter blames immigration. Both, though, in their own way, want a return to the old deal: honest work for an honest wage, and an increasing sense of having nothing-to-lose until it happens.
globalisation  trends  automation  employment  middleclass  decline  technology  guaranteedbasicincome  deregulation  sharingeconomy  Brexit  Stratechery  2016 
june 2016 by inspiral
The Future of Work in the Age of Artificial Intelligence - Joi Ito's Web
So while AI and other technologies may some day create a productivity abundance that allows us to eliminate the financial need to work, we will still need to find ways to obtain the social status-as well as a meaningful purpose-we get from work. There are many people who work in our society who aren't paid. One of the largest groups are stay-at-home men and women whose work it is to care for their homes and children. Their labor is not currently counted toward the GDP, and they often do not earn the social status and value they deserve. Could we somehow change the culture and create mechanisms and institutions that provided dignity and social status to people who don't earn money? In some ways academia, religious institutions and non-profit service organizations have some of this structure: social status and dignity that isn't driven primarily by money. Couldn't there be a way to extend this value structure more broadly?
employment  automation  identity  reward  forecast  advocacy  author:JoiIto  JoiIto  2016 
june 2016 by inspiral
Brexit: the demographic divide
Below are five of the most statistically significant of these factors. Polling ahead of the referendum had long since identified education as one of the fundamental drivers of voting intention, and the demographic data shows that this was absolutely the case.
Brexit  EuropeanUnion  referendum  UK  demographics  education  employment  passport  age  FinancialTimes  2016 
june 2016 by inspiral
Automation is making human labor more valuable than ever | The new new economy
As automation makes everyday products cheaper and more plentiful, people will increasingly shift their spending to goods and services where a connection to a human provider is seen as a key benefit.
automation  employment  trends  forecast  impact  Vox  2016 
june 2016 by inspiral
What’s Next for Artificial Intelligence - WSJ
The best minds in the business—Yann LeCun of Facebook, Luke Nosek of the Founders Fund, Nick Bostrom of Oxford University and Andrew Ng of Baidu—on what life will look like in the age of the machines
artificialintelligence  machinelearning  deeplearning  AndrewNg  automation  employment  YannLeCun  NickBostrom  controls  LukeNosek  bionic  augmentation  commonsense  WallStreetJournal  2016 
june 2016 by inspiral
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