North Carolina manufacturers produced $108 billion worth of goods last year. That’s 24% higher than in 1997, adjusted for inflation.
As automation, robotics, and artificial intelligence keep evolving, the market for entry-level and low-skill workers will adjust accordingly.
Those who advocate rational public policy, based on a thorough understanding of the principles of human action and the benefits of voluntary exchange, are bound to be disappointed much of the time. That’s not an argument against fighting for freedom. But it is an argument for realism and for keeping expectations low — so you...
An important feature of the job market is it never stands still. As the economy changes, and the products and services people buy change, so too do jobs. Jobs that exist today may not be around tomorrow. At the same time, jobs that don’t exist today could be part of tomorrow’s economy. Developments in technology are a...
Remember when rapid automation was going to render large swaths of the workforce unemployed? Politicians and other professional worrywarts warned that robots would displace production workers, that self-driving vehicles and drones would displace truckers and delivery personnel, and the algorithms and kiosks would displace service and managerial employees. Radical responses such as universal basic income...
According to the latest measurements of gross domestic product, manufacturing makes up 17% of North Carolina’s economy. That’s a far-higher share than the national and regional averages, both 11%.
I think a lot about the job market this time of year. This is because of all the graduations of high school and college seniors, and the fact many of them will be looking for their first full-time job. It’s a cliché to say these young people will be entering a job market undergoing change, because...
Claims that machines will displace workers and lead to stagnation, poverty, and social unrest have been made for centuries, despite the fact that they always turn out to be wrong.
Whether it is Hillary Clinton or Donald Trump, politicians who promise to make your life better by suppressing competition and innovation are misleading you.
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