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Your search keyword '"LABOR supply"' showing total 2 results
2 results on '"LABOR supply"'

1. Wages Rise In Europe, Puzzling Economists.

Author

EWING, JACK

Subjects
*WAGE increases, *STAGNATION (Economics), *MONETARY policy, *LABOR supply, *ECONOMIC globalization, *TWENTY-first century, ECONOMIC conditions in the Eurozone
Abstract

The article reports an increase in wages in the eurozone in 2018 after years of stagnation which baffled economists. European Central Bank president Mario Draghi has welcomed the trend and has announced the discontinuation of the central bank's stimulus measure by the end of the year. Several theories emerged for the wage increase including the acute labor shortage in Germany, the decline of unions, and globalization.

Published
2018

2. Humans Wanted, Robots Accepted.

Author

ALDERMAN, LIZ and de Goeij, Hana

Subjects
*ARTIFICIAL intelligence in industry, *LABOR market, *LABOR supply, *MANUFACTURING industries, *ARTIFICIAL intelligence
Abstract

The article discusses the role of artificial intelligence as solution for shortage of workers in Eastern Europe. Robots help create new types of jobs as Czech Republic, Hungary, Slovakia and Poland show agility and competition in businesses after becoming low-cost manufacturing hubs for Europe. Factories in Eastern Europe are already well automated and some prefer brisk business as companies around the region accelerate an automation drive.

Published
2018

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