Unlike 2008, GM cutting jobs, plants proactively

Unlike 2008, GM cutting jobs, plants proactively

DETROIT — On the day CEO Mary Barra outlined the largest round of job cuts and plant shutdowns in nearly a decade last week, General Motors also was having an orientation for new hires around the corner. Such a juxtaposition has become common for GM as Barra

Read more

Automation Could Eliminate 73 Million U.S. Jobs By 2030 – Forbes

Automation Could Eliminate 73 Million U.S. Jobs By 2030 – Forbes

Artificial intelligence and robots have evolved hugely in recent years and their relentless march could eliminate 73 million U.S. jobs by 2030, according to a new report from the McKinsey Global Institute. Despite the rise in automation, those losses could be offset by rising productivity, economic growth and other

Read more

Ottawa warned about job losses that could stem from automation

Ottawa warned about job losses that could stem from automation

Federal officials were warned over the summer that machines are going to replace more jobs in the workforce in the coming years and that will require a rethink of how government helps the unemployed. Documents prepared for top officials at Employment and Social Development Canada don’t hint

Read more

Bank of Canada warns automation will lead to job losses

Bank of Canada warns automation will lead to job losses

A senior Bank of Canada official says while the country’s poised to reap economic benefits from technological progress – it must also brace for potentially painful side effects like job losses and greater income inequality. In a speech in Toronto, senior deputy governor Carolyn Wilkins said Tuesday

Read more