Wednesday, February 08, 2017

The Trend is Not Our Friend

U.S. companies are coming "back home", but many aren't bringing back jobs. Here's a new buzzword---no-shoring: [bold added]
digitizing back-office tasks brings them back to the country in which a company operates, but without bringing back any jobs.
From the Labor Day post:
we just may be in one of those historical inflection points where automation, robots, and artificial intelligence finally destroy more jobs than they create.
We are living longer, but the trend is toward fewer jobs that give life meaning. I hope I'm wrong.

[Note: the fact that the elite of the elite talked about the issue at Davos doesn't give much hope. How often does a top-down solution, for example job retraining, help more than a few people?]

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