Travel Plunges and Airline Jobs Airline passenger traffic is plunging around the world due to the coronavirus outbreak. This can potentially cause tens of thousands of airline jobs to be at risk, soon to be out of work, at least temporarily. According to CNN, Airlines are already adjusting their staffing by asking employees to take … More Travel Plunges and Airline Jobs Are at Risk
An important long-run change in developed countries’ labor markets is the decline of the middle-skilled labor for manufacturing and production jobs due to the automation of production. According to Oxford Economics, each new industrial robot wipes out 1.6 manufacturing jobs, the firm said, with the least-skilled regions being more affected. Regions where more people have … More The Rise of Automation : How Robots Impact Labor Force and Production
Before the innovation of technologies, opening a manufacturing business was difficult due to the lack of production and huge cost expenditures. However, with niche products and advanced technologies, now it is possible for entrepreneurs to venture into manufacturing industry. The term manufacturing business refers to any business that uses components, parts, or raw materials to … More Starting a New Bakery Business?
All About Economics 