If a job seeker conducts some job research of the manufacturing industry, he will find that U.S. manufacturing employers are seeking job candidates with skills in four areas:
The flipside is that offshore manufacturing leads to job losses in the manufacturer’s country of origin, but then this again creates an extra incentive for those workers who have lost jobs to work hard so as to scale the high value jobs which their country has a comparative advantage to produce.
Before automated cigarette manufacturing machines were introduced, all cigarettes where made by hand. People worked on a line and rolled and glued the cigarettes one at a time. This process was slow and did not produce many cigarettes in a given day. Today, there are more than sixteen thousand cigarettes made each minute on one machine. Supply and demand. These companies will keep the cigarettes on the shelves and in your fingers as long as there is a demand for them.
Before, most of the transactions on foreign exchange are done manually especially storing data and information of past trades, there are vast amounts of graphs and statistics to analyze and it can take a lot of time. Here and now systems were made to help lessen the work of traders and still gain income from trades efficiently they are named Forex robots. Well most would think that robots are mechanical hardware but in the world of FX trading it is only a term used because they are automated software that enter trades and deal independently.
Other robots use machine vision systems to perform complex tasks, such as weld inspection and optimization in the automotive industry. These usually involve elaborate actions and motion sequences, which the robot may even have to identify itself.
In addition to cost efficiency, high-tech training for certain manufacturing jobs would be very scarce to come by. The automated, hyper-efficient shop floors of modern manufacturing won’t give Trump much room to deliver on his promises to bring back millions of jobs for his blue-collar supporters. Instead of companies investing in robots to give them better returns in the future, they would have to invest in training programs to help accommodate workers that need the training for more complex jobs. Specifically, for more digitalized companies, the margin for investing in training compared to that of robotic costs would be very high, to the point where it wouldn’t even make much sense to invest in job-specific training.