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Category: employment – Page 64

The High-Tech Vertical Farmer

In the kale-filled facility at vertical farm startup Bowery Farming, it’s a piece of proprietary software that makes most of the critical decisions — like when to harvest and how much to water each plant. But it still takes humans to carry out many tasks around the farm. Katie Morich, 25, loves the work. But as roboticists make gains, will her employer need her forever? This is the fourth episode of Next Jobs, a series about careers of the future hosted by Bloomberg Technology’s Aki Ito.

Host, Producer: Aki Ito
Camera: Alan Jeffries, Brian Schildhorn
Co-Producer: David Nicholson
Editor: Victoria Daniell
Writers: Aki Ito and Victoria Daniell.

AI and automation will disrupt our world — but only Andrew Yang is warning about it

Disruption of the job market and the economy from automation and the rise of artificial intelligence (AI) is one of the primary ideas animating Andrew Yang’s surprising campaign for the Democratic presidential nomination. Alone among the candidates, Yang is directly engaging with one of the central forces that will shape our futures.

A recent report from the consulting firm Deloitte found that, among more than a thousand surveyed American executives, 63 percent agreed with the statement that “to cut costs, my company wants to automate as many jobs as possible using AI,” and 36 percent already believe that job losses from AI-enabled automation should be viewed as an ethical issue. In other words, while media pundits dismiss worries about automation, executives at America’s largest companies are actively planning for it.

It may seem odd to worry about AI and automation at a time when the headline unemployment rate is below 4 percent. But it is important to remember that this metric only captures people who are actively seeking work. Consider that, in 1965, only 3 percent of American men between the ages of 25 and 54 — old enough to have completed education but too young to retire — were neither working nor actively looking for employment. Today, that number is about 11 percent.

In other words, the percentage of working-age men completely disenfranchised from employment markets has nearly tripled. The economist and former Treasury secretary Laurence Summers has estimated that, by 2050, that number could more than double again to a quarter or even a third.

More than 100 homeless people now have jobs through Austin nonprofit

The employees get paid $15 an hour cleaning the green space in Austin.

AUSTIN, Texas — The homeless often face barriers when trying to find employment. This week, after reaching the one-year anniversary of their new program, a nonprofit said they are making a difference for those trying to get on their feet and find a job.

In October 2018, The Other Ones Foundation (Too Found) created its Workforce First program to provide the homeless with jobs cleaning the green space in Austin and reduce panhandling.

Since its inception, the organization has provided more than 130 jobs and paid out more than $100,000 in earned income to the homeless or at-risk, according to Chris Baker, the executive director of the nonprofit.

Future Consequences of Cryptocurrency Use: Systemic Investigation of Two Scenarios

We face complexity, ambiguity, and uncertainty about the future consequences of cryptocurrency use. There are doubts about the positive and negative impacts of the use of cryptocurrencies in the financial systems. In order to address better and deeper the contradictions and the consequences of the use of cryptocurrencies and also informing the key stakeholders about known and unknown emerging issues in new payment systems, we apply two helpful futures studies tools known as the “Future Wheel”, to identify the key factors, and “System Dynamics Conceptual Mapping”, to understand the relationships among such factors. Two key scenarios will be addressed. In on them, systemic feedback loops might be identified such as a) terrorism, the Achilles’ heel of the cryptocurrencies, b) hackers, the barrier against development, and c) information technology security professionals, a gap in the future job market. Also, in the other scenario, systemic feedback loops might be identified such as a) acceleration of technological entrepreneurship enabled by new payment systems, b) decentralization of financial ecosystem with some friction against it, c) blockchain and shift of banking business model, d) easy international payments triggering structural reforms, and e) the decline of the US and the end of dollar dominance in the global economy. In addition to the feedback loops, we can also identify chained links of consequences that impact productivity and economic growth on the one hand, and shift of energy sources and consumption on the other hand.

Watch the full length presentation at Victor V. Motti YouTube Channel

Equity Group kick starts a 35 million trees planting campaign

You can protest about the Environment all you want, while some of us actually plant trees to heal it. Kenya is one country that has been instrumental in planting trees. Wangari Maathai had a coffin made of hyacinth, showing how real she was even in death. Ethiopia recently set a record planting trees. Some people talk, while others do. One Kenyan woman’s organization planted over 51 million trees, and still counting. #BeTheDifference

Equity Group has announced plans to implement an ambitious project to plant 35 million trees across the country within a year.

In an effort to conserve the environment, Equity has partnered with Kenya Forest Service (KFS) to promote Farm Forestry Initiatives.

The initiative is aligned to Kenya’s Big Four Agenda on Food Security and Youth Employment.

World’s Biggest 3D-Printer Makes World’s Biggest 3D-Printed Boat

University of Maine’s Advanced Structures and Composites Center just printed a 25-foot, 5,000-pound boat, the largest object that has ever been printed. The exorbitant act earned the college no less than three Guinness World Records.

The awards are as follows: one for the world’s largest prototype polymer 3D printer, one for the largest solid 3D-printed object, and one for the largest boat which has ever been produced by a 3D printer. The 3D printer is designed to print objects as long as 100 feet by 22 feet wide by 10 feet high, and can print at 500 pounds per hour.

“As we saw today, the University of Maine Composites Center does award-winning, cutting-edge research that makes Maine proud and will bring jobs to our state,” said U.S. Rep. Jared Golden. “Their work, like the boat and 3D printer we’re here to see, has impressive potential to change how we make things out of all sorts of materials — including Maine wood fiber. Today is about three Guinness World Records, but it’s also about celebrating innovation that will help protect and create good-paying Maine jobs in forest products and manufacturing.”

Cut Your Own Vinyl Records With This $1,100 Machine

3D Printing was one example of how technological advancement made manufacturing accessible to all. Will robots take all the jobs? I doubt it, but technological advancement will make many things inaccessible, accessible to many more than before, by lowering the cost of production. This is but one example.

Better clear out several shelves of storage space, vinylheads, because your record collection is about to expand into infinity. Soon, you’ll be able to get absolutely anything on vinyl. Even better—you’ll be able to make it.

The Phonocut is an at-home vinyl lathe, allowing anyone with a digital audio file and a dream to make a 10-inch record.

‘Goliath Is Winning’: The Biggest U.S. Banks Are Set to Automate Away 200,000 Jobs

Over the next decade, U.S. banks, which are investing $150 billion in technology annually, will use automation to eliminate 200,000 jobs, thus facilitating “the greatest transfer from labor to capital” in the industry’s history. The call is coming from inside the house this time, too—both the projection and the quote come from a recent Wells Fargo report, whose lead author, Mike Mayo, told the Financial Times that he expects the industry to shed 10 percent of all of its jobs.

The Bio-Belt: Growing The Future In Rural America

Despite this economic pressure, rural America remains one of our nation’s most fertile regions, and recent advances in biotechnology are making it easier than ever to sustainably grow new kinds of valuable goods, from biopharmaceuticals to biomaterials. With the right strategic investments, rural America could see a biotech “bloom.”

I propose a Bio-Belt stretching through middle America to bring new skills and high-paying jobs to communities that desperately need them. This initiative would bolster investment in biotechnology training, education, infrastructure and entrepreneurship in rural areas in order to develop new, sustainable sources of income.

The Bio-Belt is about much more than biofuel. Fermentation is an increasingly powerful force for converting sugar and other forms of biomass into value-added goods—all through the rational design of cells that can be sustainably grown wherever land is abundant.