Author: Ericksson Abad

How California’s minimum wage increase will add more robotic automation in logistics

A warehouse worker is shown here at Logistics Team in Industry. (Photo by Walt Mancini/Pasadena Star-News) By Kevin Smith California’s minimum wage hikes are going to force logistics firms with low-paid warehouse workers to invest more heavily in robotic technology, according to Inland Empire economist John Husing. Husing said most of Southern California’s warehouse employees who earn minimum wage are working part time. But the newly approved pay hikes that will boost the state’s current minimum wage of $10 per hour to $15 per hour by 2022 will still place financial pressures on logistics companies. And they’ll be looking...

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For-profit academic institutions like University of Phoenix are paring down, but will it be enough?

By: Joe Cardillo Student loan debt is on a lot of people’s’ minds. It’s been a large part of the current presidential primary races, and some employers are even beginning to offer student loan repayment as a benefit the same they would offer health care or time off. But where is all of that debt coming from? According to a whitepaper from the Brookings Institute last year, a big chunk of the increase can be attributed to for-profit institutions. COURTESY OF BROOKINGS INSTITUTE University of Phoenix, which has a campus in New Mexico, is one of the bigger players. After years...

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Landing an internship has become way more important and complex than anyone’s acknowledging

By: Jeff Selingo In May of 1994, a couple of weeks after I finished my junior year of college, I packed up my parents’ Honda Accord and moved to Washington, D.C. for the summer. I lived in a dorm at American University with dozens of other college students from around the country who had all come to the nation’s capital for what was seen as a rite of passage on our way to a bachelor’s degree: the summer internship. The jobs were mostly menial and many didn’t pay, but each day we hopped on the Metro to head off...

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California minimum wage hike hits L.A. apparel industry: ‘The exodus has begun’

The American Apparel headquarters and manufacturing building is located on Alameda Street and 7th street in Los Angeles. (Al Seib / Los Angeles Times)   By: Shan Li and Natalie Kitroeff Los Angeles was once the epicenter of apparel manufacturing, attracting buyers from across the world to its clothing factories, sample rooms and design studios. But over the years, cheap overseas labor lured many apparel makers to outsource to foreign competitors in far-flung places such as China and Vietnam. Now, Los Angeles firms are facing another big hurdle — California’s minimum wage hitting $15 an hour by 2022 — which could spur more garment makers to exit the state. Last week American Apparel, the biggest clothing maker in Los Angeles, said it might outsource the making of some garments to another manufacturer in the U.S., and wiped out about 500 local jobs. The company still employs about 4,000 workers in Southern California. “The exodus has begun,” said Sung Won Sohn, an economist at Cal State Channel Islands and a former director at Forever 21. “The garment industry is gradually shrinking and that trend will likely continue.” In the last decade, local apparel manufacturing has already thinned significantly. Last year, Los Angeles County was home to 2,128 garment makers, down 33% from 2005, according to Bureau of Labor Statistics data. During that period, employment also plunged by a third, to 40,500...

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Congratulations! You’ve Been Fired

By: Dan Lyons At HubSpot, the software company where I worked for almost two years, when you got fired, it was called “graduation.” We all would get a cheery email from the boss saying, “Team, just letting you know that X has graduated and we’re all excited to see how she uses her superpowers in her next big adventure.” One day this happened to a friend of mine. She was 35, had been with the company for four years, and was told without explanation by her 28-year-old manager that she had two weeks to get out. On her last...

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What Recruiters Look At During The 6 Seconds They Spend On Your Resume

By: Vivian Giang Although we may never know why we didn’t get chosen for a job interview, a recent study is shedding some light on recruiters’ decision-making behavior. According to TheLaddersresearch, recruiters spend an average of “six seconds before they make the initial ‘fit or no fit’ decision” on candidates. The study used a scientific technique called “eye tracking” on 30 professional recruiters and examined their eye movements during a 10-week period to “record and analyze where and how long someone focuses when digesting a piece of information or completing a task.” In the short time that they spend with your resume, the study showed recruiters will...

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Google’s bipedal robot reveals the future of manual labor

By: Andario Strange VIDEO: YOUTUBE, MEHDI_SAN Google recently put up its Boston Dynamics robotics unit up for sale, but that doesn’t mean that the company is getting out of the automaton business. A new bipedal robot from Google’s Schaft robotics was shown off on Friday at the New Economic Summit conference in Tokyo, Japan on Friday. The small robot is shown walking in a number of situations that can be challenging even for humans, including a sandy beach, a rocky terrain, snow, and a steep, narrow staircase. At one point during the demonstration video (top of page), we even...

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How Government Forces The Employment of Robots Over People

By Chris Rossini Have you noticed that as government raises the minimum wage, automation seems to appear more and more for those low-skilled jobs?  Coincidence? Not at all. The minimum wage incentivizes and accelerates automation. The minimum wage is an unemployment generator. It is purely destructive. In other words, if the minimum wage is $20/hr, but you don’t have the necessary skills or productivity to earn that amount, no one will hire you. Sure, in a free country, you’d be able to offer your labor for less than $20/hr, but this is the new America. Government has decided that you’re better off collecting unemployment checks. Just as you don’t like to overpay for anything that you buy, neither do other people. You’re not unique in that respect. No one likes to overpay, and if someone is forced to, they’ll only do so until they find a workaround.  Here’s the key – there’s always a workaround. The minimum wage incentivizes workarounds. It causes those who are entrepreneurial to get to work on creating workarounds. No one overpays, no matter what the government says. People merely adjust. It’s during that adjustment that government’s laws always end up hurting those who were supposedly getting the “help”. One way that employers adjust is with automation. A machine becomes so much more attractive when government comes around with its minimum wage mandates. A machine will always...

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Jobless Claims Surge Most In 2 Years As Challenger Warns Of “Significant” Jump In Retail, Computer Layoffs

By: Tyler Durden With both ISM Manufacturing and Services employment indices collapsing, endless headlines of layoffs, Challenger-Grey noting Q1 as the worst since 2009, and NFIB small business hiring weak, it is no surprise that initial jobless claims is finally waking up. For the 3rd week in a row – the longest streak since July 2015. The last 3 weeks have seen a 9.1% surge in jobless claims – the biggest such rise since April 2014. And finally, as Challenger-Grey notes, Through the first quarter of 2016, employers announced 184,920 job cuts, up 31.8 percent from the 140,241 cuts tracked the first three months of 2015. The first quarter saw 75.9 percent more job cuts than in the final quarter of 2015, when 105,079 job cuts were recorded. US companies announced the most 1Q layoffs since 2009 as oil-related cuts continue to inflate numbers, according to data from Challenger Gray. Citing John Challenger, MarketTalk adds that announcements “have increased significantly” in retail and computers, adding, “While it may be too early to sound the alarm bells, the upward trend outside of the energy sector is somewhat worrisome.” Overall announced layoffs by Challenger Gray’s count have been 185K this quarter, versus 140K a year earlier. It’s the worst start to a year since 2009, when in the wake of the financial crisis companies announced plans that 1Q to cut 562K jobs....

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Why Are Millennials So Unhappy at Work?

By: PETER ECONOMY Seventy-one percent of Millennials are disengaged at their jobs. That’s a big problem. IMAGE: Getty Images An interesting phenomenon has developed in the generation born between the late ’70s and the mid-’90s, a group we now call Millennials. According to the Gallup Organization, Millennials are the least engaged generation at work–with only 28.9 percent of U.S. Millennials engaged in their jobs. That means 71 percent are not. For some reason, Millennials are unhappy in their jobs, and for our organizations to prosper now and in the future, we need to do something about it–and soon. Millennials live seemingly perfect lives, emphasized by the highlight reels of every post on Facebook, every photo on Instagram, every short video on Snapchat. Yet, as more and more people boast their constant happiness, the increasing cases of anxiety and clinical depression show something totally different. But before we can find a solution to all this unhappiness, we must first get to the root of why so many Millennials feel so dissatisfied. The reason, as it turns out, has largely to do with the idea that one’s personal happiness is based on the individual’s reality versus his or her expectations. The concept is quite simple: If someone’s expectations are lower than what occurs in reality, that person will be happy with the outcome. If someone expects more than what actually happens, however, then he or she...

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