Walmart Testing Robots For Fulfilling Grocery Orders

Walmart Testing Robots For Fulfilling Grocery Orders By Tyler Durden A Walmart Supercenter in Salem, New Hampshire, has been the first store to test a new kind of technology that will use robots to collect grocery items for online order fulfillment. Walmart is one of the largest companies in the world by revenue, with at least 2.3 million employees in the US, has seen rapid increases in labor costs that are forcing unwanted margin compression. The solution offered by C-suite executives has been a pilot program of automating a warehouse…

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Elderly in Japan Are Wearing Exoskeletons to Continue Working Into Their Old Age

Elderly in Japan Are Wearing Exoskeletons to Continue Working Into Their Old Age By John Vibes While powered exoskeletons may seem like something out of the movies—think Alien, Avatar, Elysium, and how could we forget Iron Man—the concept has increasingly found favor in various applications, ranging from the battlefield to the assembly line and even to restore function to paralyzed people’s body. But now, elderly citizens in Japan are preparing to potentially step into powered exoskeletons so that they can continue laboring into their old age and stall retirement for…

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Banks Are Cutting 75,700 Jobs Worldwide

Banks Are Cutting 75,700 Jobs Worldwide By Kevin Helms Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and more. The negative interest rate environment and slowing economies have forced banks to cut costs and lay off employees. Unicredit Eliminating 8000 Jobs Italy’s largest bank, Unicredit, unveiled its new business plan to 2023 on Tuesday, which…

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Study: Artificial Intelligence Could Affect “Virtually Every Occupational Group”

Study: Artificial Intelligence Could Affect “Virtually Every Occupational Group” By B.N. Frank Most disruption predicted in San Jose, Seattle, Salt Lake City, Boulder, Detroit, Huntsville, Louisville, and more… 82% of Americans think Artificial Intelligence (AI) is more harmful than helpful.  Reports indicate there are many good reasons for this and it’s not just about massive job loss (see 1, 2, 3). Proponents insist we’ll all be okay though – we just need UBI (Universal Basic Income).  $1000/month might be okay for some, but not everyone could live off that.  For…

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To Think Or To Work? That Is The Question

To Think Or To Work? That Is The Question By John Klyczek On both sides of the political aisle, workforce-training reforms are being touted as the be-all, end-all of America’s public education system. Right-wing “school choice” proponents, such as President Donald Trump and Education Secretary Betsy DeVos, push corporate charter school programs with workforce-training curriculums. Left-wing “community schooling” advocates, such as Democratic Presidential candidates Joe Biden and Julián Castro, push “lifelong-learning” programs with school-to-work curriculums. Both “conservatives” and “liberals” concur: the purpose of public education is workforce development. It’s nice…

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These Are the 50 “Most Miserable” Cities in America

These Are the 50 “Most Miserable” Cities in America By Daisy Luther According to a report by Business Insider, the title of the most miserable city in the United States goes to… …Gary, Indiana. The 50 “most miserable cities” are made so mostly by poverty and a lack of opportunities to pull oneself out of poverty. We’ve identified the 50 most miserable cities in the US, using census data from 1,000 cities, taking into consideration population change (because if people are leaving it’s usually for a good reason), the percentage…

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Robo Realtors Invade Tennessee Housing Market — “It’s Like A Segway With An iPad”

Robo Realtors Invade Tennessee Housing Market — “It’s Like A Segway With An iPad” By Tyler Durden As you might remember, if not, we’ll refresh your memory, we reported on a real estate technology company several years ago that wanted to lower the cost of home-selling by using robots and “big data” instead of commission-based real estate agents. Now it seems the trend of replacing real-estate agents with robots is heating up again. This time, robots have already sold nearly two dozen homes in Tennessee. The home buying process in Tennessee is…

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“Dramatic Change” Ahead: Robots Are Coming For 200,000 US Banking Jobs

“Dramatic Change” Ahead: Robots Are Coming For 200,000 US Banking Jobs By Tyler Durden A new report by Wells Fargo & Co., warns that nearly 200,000 US banking jobs are at risk of being displaced by robots. As we’ve explained in the past, accelerating technological advances in automation, artificial intelligence, and machine learning have the potential to reshape the world in the 2020s through 2030. The collision of these forces could trigger economic disruption far greater than what was seen in the early 20th century. Across the financial industry, a…

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The Countries With The Best (And Worst) Work-Life Balance

The Countries With The Best (And Worst) Work-Life Balance By Tyler Durden Colombians are among those struggling most with their work-life balance, according to the Organisation for Economic Co-operation and Development (OECD). Mexicans’ lives aren’t really in balance either, and as Statista’s Katharina Buchholz notes, the United States and the United Kingdom also perform pretty poorly, coming in 11th and 12th out of all 35 OECD member countries (plus Russia, Brazil and South Africa) covered in the Better Life Index for 2019. You will find more infographics at Statista The most important…

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Trade War Has Killed 300,000 Jobs And Cost Americans Over $1.6 Billion

Trade War Has Killed 300,000 Jobs And Cost Americans Over $1.6 Billion By Mac Slavo The trade war has so far killed off about 300,000 jobs and cost Americans about $1.6 billion in tariffs. The taxes are driving up prices and businesses are cutting workers to make ends meet in the face of rising costs. There will be no winner in this trade war, and already the United States looks a lot like the loser. Casualties are coming in the form of farm bankruptcies and lost jobs, not to mention…

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