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''' '' JOBS? -AUTOMATION-
JOLT! '' '''
REMEMBER : IN THIS WORLD THAT STUDENTS BREATHE IN - QUESTIONING is an innate human behavior that's actively subverted and systematically shut down.
DEFENDING : '' READY - FIRE - AIM '' : ' AND THEN GO BEAT THE ODDS '. ON The World Students Society, the students of the entire world will support every change for a better world, when and if they've had a hand in shaping it.
THE WHOLE WORLD will soon look back and say why the hell we didn't build The World Students Society sooner.
!WOW! - With Almighty God's blessings will begin creating millions of jobs, just as we go through the first phases and steps of global elections.
An increase in automation, especially in service industries, may prove to be an economic legacy of the pandemic. Businesses including factories, fast-food outlets and hotels have turned to technology to keep operations running through social-distancing requirements and contagion fears.
Technological investments that were made in response to the crisis may contribute to the postpandemic productivity boom, allowing for higher wages and faster growth. But some economists say the latest wave of automation could eliminate jobs and erode bargaining power, particularly for the lowest-paid workers, in a lasting way.
''Once a job is automated, it's pretty hard to turn back,'' said Casey Warman, an economist at Dalhousie University in Nova Scotia who has studied automation in the pandemic.
Automation threatens to tip the advantage back toward employers, potentially eroding those gains. A working paper published by the International Monetary Fund this year predicted that pandemic-induced automation would increase inequality in coming years, not just in the United States but around the world.
One Example : Checkers, like many fast food restaurants, experienced a jump in sales when the pandemic shutdown most-in-person dining. But finding workers to meet that demand proved difficult. ''We really felt that there had to be another solution, said the owner Ms. Shanza Gonzles.
So Ms. Gonzalees contacted Valyant AI, a Colorado- based startup that makes voice recognition systems for restaurants.
The rollout has been successful enough that Ms. Gonzales is getting ready to expand the system to her three other restaurants.
The push toward automation goes far beyond the restaurant sector. Hotels, retailers, manufacturers and other businesses have all accelerated technological investments.
IN A SURVEY OF NEARLY 300 GLOBAL COMPANIES by the World Economic Forum last year, 43 percent of businesses said they expected to reduce their work forces through new used of technology.
THOSE HARD -TO- FILL JOBS MAY just go to robots. And in these cruel hard hot pandemic times, what began as a solution to social distancing could lead to even greater inequality. '' The trend toward automation predates the pandemic, it has accelerated at a critical moment.''
SOME ECONOMISTS see the increased investment in automations and robots as encouraging. For much of the past two decades, for example, the U.S. economy has struggled with weak productivity growth, leaving workers and stockholders to compete over their shares of the income - a game that workers tended to lose.
Automation may harm specific workers, but it makes the economy more productive, which could be good for workers, in general, said Kay George, a senior partner at McKinsey, the consulting firm.
She cited the example of a client in manufacturing who had been pushing his company for years to embrace augmented- reality technology in its factories. The pandemic finally helped him win the battle : With air travel off limits. the technology was the only way to bring in an expert to help troubleshoot issues at a remote plant.
'' For the first time, we're seeing that these technologies are both increasing productivity - lowering cost - but they're also increasing flexibility,'' she said. ''We're starting to see momentum building, which is great news for the world, frankly.''
Other economists are less sanguine. Daron Acemouglu of the Massachusetts Institute of Technology said that many of the technological investments had just replaced human labor without much overall productivity.
In a recent working paper, Professor Acemoglu said and a colleague concluded that ''a significant portion of the rise in U.S. wage inequality over the last four decades has been driven by automation'' -and he said that trend had almost certainly accelerated in the pandemic.
'' If we automated less, we would not actually have generated that much less output, but we would have had a very different trajectory for inequality,'' Professor Acemoglu said.
Ms. Gonzales, the Checkers franchise, isn't looking to cut jobs. She said that she would hire 30 people if she could find them. And she has raised hourly pay to about $10 for entry-level workers, from about $9 dollar before the pandemic. Technology, she said, is easing pressure on workers and speeding up service when restaurants are chronically understaffed.
''Our approach is, this is an assistant for you,'' she said. ''This allows our employees to really focus,'' on customers.
Ms. Gonzales acknowledged she could fully staff her restaurants if she offered $14 to $15 an hour to attract workers. But doing so, she said, would force her to raise prices so much that she would lose sales - and automation allows her to take another course.
Such changes, multiplied across thousands of businesses in dozens of industries, could significantly change workers' prospects.
Professor Warman, the Canadian economist, said technologies developed for one purpose tend to spread to similar tasks, which could make it hard for workers harmed by automation to shift to another occupation or industry.
WOMEN, and to a lesser degree people of color, are likely to be disproportionately affected, he added. ''If a whole sector of labor is hit,'' Professor Warman said, ''then where do those workers go?''
The Honor and Serving of the Latest Global Operational Research on Economics, Jobs, Automation and the present and future students, continues. The World Students Society thanks author Ben Casselman.
With respectful dedication to Leaders, Parents, Students, Professors and Teachers of the world. See Ya all prepare and register for Great Global Elections on The World Students Society : wssciw.blogspot.com and Twitter - !E-WOW! - The Ecosystem 2011 :
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