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Posted in economics, employment, government
Category: employment – Page 47
Ford, in a partnership with SK Innovation, has announced an $11.4 billion plan for electric vehicle (EV) production, its largest ever investment in the United States, with a major new factory in Tennessee and twin battery parks in Kentucky creating nearly 11,000 jobs.
Michigan will become the first state in America to deploy inductive vehicle charging technology in roads, in an effort to accelerate the adoption of electric vehicles (EVs).
Governor of Michigan, Gretchen Whitmer, made the announcement during the opening ceremony of the Motor Bella auto show on Tuesday. The Inductive Vehicle Charging Pilot is a partnership between Michigan’s Department of Transportation (MDOT) and the Office of Future Mobility and Electrification (OFME). It will deploy an electrified roadway system allowing electric cars, buses, shuttles and other vehicles to charge while driving, allowing them to operate continuously without stopping to charge. This will address range anxiety, while turning public roads into safe, sustainable, shared energy platforms.
“Michigan was home to the first mile of paved road, and now we’re paving the way for the roads of tomorrow with innovative infrastructure that will support the economy and the environment, helping us achieve our goal of carbon neutrality by 2050,” said Governor Whitmer. “This project reinforces my commitment to accelerating the deployment of electric vehicle infrastructure in Michigan and will create new opportunities for businesses and high-tech jobs amidst the transition to electric vehicles.”
Aggregate of labor displacement from AI-spoiler-literally EVERYTHING.
OECD experts have calculated the probability a job will be automated, on the basis of how feasible it is for technology to perform the tasks that comprise that job.
Jobs are grouped into occupation categories according to the ISCO-08 standard. The mean probability of automation of each occupational category is displayed, along with an example of a typical job in that category.
This is very broad: the automatability of jobs within each occupation category can vary widely. Also, the tasks that make up each job can vary from country to country, but the mean probabilities displayed are from across OECD countries.
Nedelkoska, L. and G. Quintini (2018), “Automation, skills use and training”, OECD Social, Employment and Migration Working Papers, No. 202 OECD Publishing, Paris.
Automation will drag on at the normal pace. 2025 i think will be the key year, where Human Level hands could turn up on the humanoid robots, and an early phase of Human Level AI turns up; if those 2 things happen automation of jobs will really start to move fast.
Ask for a roast beef sandwich at an Arby’s drive-thru east of Los Angeles and you may be talking to Tori — an artificially intelligent voice assistant that will take your order and send it to the line cooks.
“It doesn’t call sick,” says Amir Siddiqi, whose family installed the AI voice at its Arby’s franchise this year in Ontario, California. “It doesn’t get corona. And the reliability of it is great.”
The pandemic didn’t just threaten Americans’ health when it slammed the U.S. in 2020 — it may also have posed a long-term threat to many of their jobs. Faced with worker shortages and higher labor costs, companies are starting to automate service sector jobs that economists once considered safe, assuming that machines couldn’t easily provide the human contact they believed customers would demand.
Amazon said its new Tijuana warehouse would create 250 jobs. It’s part of a $100 million investment in Mexico to improve delivery speeds.
It’s not just salespeople, traders, compliance professionals and people formatting pitchbooks who risk losing their banking jobs to technology. It turns out that private equity professionals do too. A new study by a professor at one of France’s top finance universities explains how.
Professor Thomas Åstebro at Paris-based HEC says private equity firms are using artificial intelligence (AI) to push the limits of human cognition and to support decision-making. Åstebro says t he sorts of people employed by private equity funds is changing as a result.
Åstebro looked at the use of AI systems across various private equity and venture capital firms. He found that funds that have embraced AI are using decision support systems (DSS) across the investment decision-making process, including to source potential targets for investments before rivals.
Sept 6 (Reuters) — The city of Taylor, Texas — one of two locations in the state under consideration by Samsung Electronics (005930.KS) for a $17 billion chip plant — plans to offer extensive property tax breaks if it is chosen by the South Korean tech giant.
Taylor is competing with Austin, Texas to land the plant which is expected to create about 1,800 new jobs. Samsung has also said it is looking at other potential sites in Arizona and New York.
Other potential sites have yet to disclose planned tax breaks.
“When the final tests are completed in the future, South Korea will become the eighth country in the world that has developed an advanced supersonic fighter,” a government statement said.
South Korea unveiled its homegrown supersonic jet fighter on Friday, joining an exclusive club of military aviation giants and setting the stage for a $5.2 billion program it hopes will be a top export driver and jobs creator.
Once operational, the KF-21 jet is expected to be armed with a range of air-to-air and air-to-surface missiles — and possibly even air-launched cruise missiles.
The twin-engine fighters will come in single-and two-seat versions, depending on the missions to which they are tasked.
Elon Musk recently shared a rather interesting update on Twitter — his companies now employ about 110,000 people worldwide. This is quite impressive considering that in the grand scheme of things, Tesla, SpaceX, and Musk’s other ventures are still just getting started.
Musk’s update came as a response to a TSLA bull on Twitter who inquired if his companies had already reached the 100,000-employee milestone. Musk’s response revealed that his companies had not only met their 100,000 employee mark — they had already passed it.
Elon Musk did not share further details about his companies’ worldwide employee headcount, though there is a good chance that the lion’s share of his workers today are in the United States and China. These are the two countries where Tesla, one of Musk’s largest companies, has operational vehicle production plants, after all.