Video timeline: 0:00 AI software 0:42 Why white-collar jobs? 2:01 AI and job cuts 3:52 What’s next?
Initial images, video and product designs could be taken over by machine learning tech. In fact, one report says nearly 4,000 workers lost their jobs in May to AI. Dropbox cut 16% of its workforce in part to invest more in the tech, while IBM sees a future where 30% of clerical work could be taken over by AI.
WSJ explains why AI may take some white-collar jobs – but also add new ones.
Americans are leaving their jobs in droves. In August 4.3 million Americans quit their jobs. While some people have left the workforce entirely, job security and better pay are top concerns for others. Dubbed “The Great Resignation”, the exodus of workers has created hiring challenges for companies and left millions of jobs unfilled. More than half of U.S. workers surveyed said they plan to look for a new job in the coming year, according to Bankrate’s August jobseeker survey. Some 56% of respondents said adjustable working hours and remote work were a priority. Working women have faced an additional burden, juggling childcare duties, virtual schooling and their careers. So, what does the realignment of the workforce mean for employees and businesses? And what steps should you take before quitting your job?
Low-wage work is in high demand, and employers are now competing for applicants, offering incentives ranging from sign-on bonuses to free food. But with many still unemployed, are these offers working? Photo: Bloomberg
A.M. Edition for June 14. WSJ’s Stephen Fidler discusses the G-7 summit’s conclusion and looks ahead to President Biden’s itinerary in Europe.
The Federal Reserve may raise rates earlier than expected. And, what’s prompting more people to quit their jobs these days? Marc Stewart hosts.
A selection of three essential articles read aloud from the latest issue of The Economist. This week, riding high in a workers’ world, the Amazon effect on live sport (9:45) and even transience is mutating (17:35).
As the pandemic changes how — and where — professionals work, some smaller cities and regions are offering hefty relocation incentives to attract remote workers to help jumpstart their local economies. WSJ met one family who accepted an offer to make a new home in the Ozarks. Photo: Craig Kauffman for the Wall Street Journal
From a The Architectural Review online article (April 9, 2020):
The sleep industry caters to a working consumer’s wish to sleep less, yet sleep more productively, and accommodates transnational industry which has joined the state as a custodian of biopolitics. Jonathan Crary’s 24/7 spells out in detail how the state and a capitalist economy are encroaching stupendously on the private sphere, in which sleep was one of the last vestiges of unfettered time.
About 15 years ago, someone calculated the financial loss US companies incurred through workers’ illicit practice of sleeping on the job. Indeed, the trope of the lazy sleeper is an old one, resignified at present in our more than callous attitude towards the homeless, whose sleeping bodies punctuate many a journey to and from work.
Even in this most passive stance – someone simply disregarding normative codes and regulations by giving in to a physical need – sleep seems suspiciously subversive. Less an act than a way of being, the sleeper, by sleeping when and where it is not condoned, challenges everyone else, who is doing/working/functioning/functionalised. Contrary to the tree falling in the forest, the sleeper in the workplace or in public space affects and thus ever so slightly transforms those around them.
Boomers Daily 