Tag Archives: Jobs

BLS data indicates truck transportation employment growth may be slowing

Posted on September 6, 2022 by | 2 comments

This interesting article dissects the BLS (Bureau of Labor Statistics) monthly report. Truck job growth might be slowing, but warehouse jobs are declining. Is that due to increased automation? Or is it due to fewer people wanting the jobs, when the economy has so many others?

One good thing in this article is a discussion of the seasonally adjusted number in comparison to the absolute number. Economists consider the seasonally adjusted number more important for forecasting and for deducing the economics of the situation. However, we do what to know the absolute number of reports.

The BLS reports are always of some interest, and this article captures the facts nicely.

John Kingston Friday, September 2, 2022

BLS data indicates truck transportation employment growth may be slowing – FreightWaves

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Posted in Labor Economics, Logistics

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CPO at Bayer encourages Procurement Managers to Fight Hard for Sustainability

Posted on June 9, 2022 by | 1 comment

Lots of times we get in situations where management doesn’t ‘get it’. It’s particularly true of sustainability issues in purchasing and supply management.

In my business career, as an IT executive, I found myself in such positions quite a few times. As the CPO here says, maybe it’s time to move on if the opposition is so hard-nosed.

Supply Chain News: CPO at Bayer encourages Procurement Managers to Fight Hard for Sustainability

Supply Chain News: CPO at Bayer encourages Procurement Managers to Fight Hard for Sustainability

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Posted in Labor Economics, Leadership, Logistics

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How robots change the world | Oxford Economics

Thanks to Supply Chain Digest for promoting this study by Oxford Economics.  Read the article here for a synopsis of its findings: Supply Chain News: Oxford Economics Says Robots Benefits will Outweigh Cons

Basically, it says robots will greatly raise productivity and take jobs with a repetitive aspect, displacing workers toward jobs with high cognitive content.  But there may be local dislocations that will be hard for some people.   We’d better prepare for that and put in measures to alleviate the suffering, if we care about people and their lives.  They think about 1.6 jobs will be lost for every job robots take. but GNP may grow 5% as a result.  China is the major user of robots now, and the revolution promises to be harder on them than any other country as it looks now.

It isn’t clear from the summary whether the 1.6 jobs lost will be found again in other sectors, such as service and sales, support of the robots, or technical work like fixing the robots.  Nonetheless this kind of assessment is an eye opener to concerns we may have in our economy and political world for quite a while.

The report is available here:  How robots change the world | Oxford Economics

Or here: Oxford Economics 2019 Report – How Robots Change the World

 

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Posted on July 2, 2019 by in Advanced Computing, Labor Economics, Logistics, Managerial Econ, Production Operations, Strategy, Sustainability

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