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Loan officers, whose job it is to evaluate and authorize or deny commercial, real estate, or credit loans, are at a 98% risk of automation. That’s bad news for the 308,700 workers employed in ...
The Council of Economic Advisers, a US government agency tasked with providing economic research for the White House, in the 2016 Economic Report of the President, used the data from the Frey and Osborne study to estimate that 83% of jobs with an hourly wage below $20, 31% of jobs with an hourly wage between $20 and $40, and 4% of jobs with an ...
New innovations in artificial intelligence and machine learning have left an existential question to the workers: When does coding software replace the need for coders themselves?
Downsizing and plant closures continued into the 1990s and 2000s, and the US Dept of Commerce estimates that today fewer than 25,000 people are employed in the steel industry in the Chicago–Joliet–Naperville, IL–IN–WI Metropolitan Statistical Area (18,000 of whom are actually in Northwest Indiana.
Senatore wrote in a March 11 note that back-of-house robots in restaurants are the “vanguard of automation” and have the potential to not only make a company money, but make jobs more enjoyable.
The World Bank's World Development Report of 2019 shows evidence that the new industries and jobs in the technology sector outweigh the economic effects of workers being displaced by automation. [7] Job losses and downward mobility blamed on automation have been cited as one of many factors in the resurgence of nationalist, protectionist and ...
Chicago is also home to the largest futures exchange in the world, the Chicago Mercantile Exchange. Across the state, other Fortune 500 world headquarters based in Illinois include State Farm in Bloomington and John Deere in Moline. As of 2017, Illinois ranked fourth in the nation for the most Fortune 500 based companies with a total of 36. [8]
The following outline is provided as an overview of and topical guide to automation: Automation – use of control systems and information technologies to reduce the need for human work in the production of goods and services. In the scope of industrialization, automation is a step beyond mechanization.
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