- How Many Robots Does It Take to Replace a Human Job?
The study’s authors find that the addition of one robot per 1,000 workers reduces the employment-to-population ratio (the number of people actually employed in an area divided by the number of people of working age) by 0.18 to 0.34 percentage points, and reduces wages by between 0.25 and 0.5 percent. On the low end, this amounts to one new robot replacing around three workers. The impact is unsurprisingly most pronounced in manufacturing (particularly in the production side of the auto industry), electronics, chemicals, and pharmaceuticals, among others. Perhaps most importantly, there were negative effects for virtually all workers except managers.
- This Neighborhood is Transforming by Letting Artists Buy Its Vacant Homes for Cheap
In Indianapolis, one block in the Garfield Park neighborhood south of the city’s downtown is experimenting with a different model. An arts nonprofit worked with other partners to buy and renovate vacant houses and is now offering to co-own them with artists. Artists will pay half the cost–one $80,000 home, for example, will sell for around $40,000. If they later move out, they’ll get their equity back, but no more; the house will be sold at the same cost to someone else, keeping the neighborhood accessible as the artists help make it more desirable.
- Labeling Workers As Contractors To Avoid Taxes
- Shattering remote worker stereotypes
“There is still a stigma that remote workers are disconnected from the rest of the team, yet this study proves that they are more sociable and proactively reach out to develop strong relationships. The new technology tools that enable communication and collaboration are motivating workers to pick up the phone, seek face time and create lasting bonds. This is the upside of remote work we rarely talk about,” says Jeanne Meister, partner, Future Workplace.
- Why So Many Workers Prefer Their Remote Colleagues To The Ones In Their Office
Herrmann might be onto something. In a recent study by the communications company Polycom, which covered over 25,000 workers across 12 countries, 66% said their favorite colleague isn’t located in their own office but in another one far away.
There is a fear of remote-work tools and policies, though. Many companies don’t implement them well, and wind up building virtual fences that hurt their projects’ success and limit accountability. When that happens, many employers think twice about going remote. Yahoo, in perhaps the best-known example, scrapped its remote-working policy in 2013 and maintained years afterward that that was the right move.
Photo: Miki Czetti