Where / Why are the JOBS going ?
After a rather depressing conversation with a Job Seeker last night …..
And since I am feeling like a rat today…..
LESSON : When you are a rat, you see ratty news all around 🙂
ANY SOLUTIONS / THOUGHTS ?
* Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over.
And the situation is even worse than it appears.
* Most of the jobs will never return, and millions more are likely to vanish as well, say experts who study the labor market. What’s more, these jobs aren’t just being lost to China and other developing countries, and they aren’t just factory work. Increasingly, jobs are disappearing in the service sector, home to two-thirds of all workers.
* They’re being obliterated by technology.
* Whole employment categories, from secretaries to travel agents, are starting to disappear.
* Experts warn that this “hollowing out” of the middle-class workforce is far from over. They predict the loss of millions more jobs as technology becomes even more sophisticated and reaches deeper into our lives.
* The most vulnerable workers are doing repetitive tasks that programmers can write software for – an accountant checking a list of numbers, an office manager filing forms, a paralegal reviewing documents for key words to help in a case. As software becomes even more sophisticated, victims are expected to include those who juggle tasks, such as supervisors and managers – workers who thought they were protected by a college degree.
* Thanks to technology, companies in the Standard & Poor’s 500 stock index reported one-third more profit the past year than they earned the year before the Great Recession. They’ve also expanded their businesses, but total employment, at 21.1 million, has declined by a half-million.
* It’s becoming a self-serve world.
* Union rules and labor laws may slow the dismissal of employees, but no country is attempting to prohibit organizations from using technology that allows them to operate more efficiently – and with fewer employees.
* A common refrain: The developed world may face years of high middle-class unemployment, social discord, divisive politics, falling living standards and dashed hopes.
* 42 months after the Great Recession ended, the US has gained only 3.5 million, or 47 per cent, of the 7.5 million jobs that were lost. The 17 countries that use the euro had 3.5 million fewer jobs last June than in December 2007.
* Example : Webb Wheel Products makes parts for truck brakes, which involves plenty of repetitive work. Its newest employee is the Doosan V550M, and it’s a marvel. It can spin a 130-pound brake drum like a child’s top, smooth its metal surface, then drill holes – all without missing a beat. And it doesn’t take vacations or “complain about anything,” says Dwayne Ricketts, president of the Cullman, Alabama, company.
Thanks to computerized machines, Webb Wheel hasn’t added a factory worker in three years, though it’s making 300,000 more drums annually, a 25 per cent increase.
* Even developing Countries are beginning to use more machines in manufacturing. The cheap labor they relied on to make goods from apparel to electronics is no longer so cheap as their living standards rise.
EXAMPLE : Sunbird China is installing robotic arms that drill screws into a mirror assembly, work now done by hand. The machinery will allow the company to eliminate two positions on a 13-person assembly line. CEO Pike hopes that additional automation will allow the company to reduce another five or six jobs from the line.
EXAMPLE : Foxconn Technology Group, which assembles iPhones at factories in China, unveiled plans in 2011 to install one million robots over three years.
* Most jobs cut in the US and Europe weren’t moved. No one got them.
Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over.
via Where / Why are the JOBS going ? | LinkedIn.