5G in Manufacturing

5G is an innovation that is going to lead to the next revolution in internet and communication. IOT, augmented reality and real-time data sharing. How will 5G change our factories?

Automation - Acemoglu and Restrepo

The research paper discusses how technical changes affect the labor market, wage and income distribution, and whether wage structure changes starting in the 1970s occurred due to these technical changes. Many argue that changes in technology favor and complement skilled workers and substitute unskilled workers’ tasks. Empirical trends in the US show an increase in the supply of skills starting in the 1940s without indications that the college premium decreased. One exception are the 1970s where it fell due to a very high supply of skills. Starting in the 1970s, the overall and residual wage inequality in the US rose.
Computer Intelligence

How Smart is AI?

Artificial Intelligence of AI has been on the rise for many years now, but how smart can they really get? and will they take over humans in the near future?

Oil Prices on Labour Market

Oil, or the black gold, is used in numerous of products vital for our everyday life like: transportation heating systems, electricity production and plastic production. The diverse use and the importance of these products have made the oil market one of the largest markets in the world. But due to multiple reasons like the rise of green power sources and an economic turndown the demand for oil is decreasing.

Stylized Facts - Katz

In this article, Katz is interested in the role of the spread of computers and computer-based technologies on changes in the demand for skill and wage inequality (1980’s-1990’s). The hypothesis in this paper is that the spread of computer technologies may have contributed to rapid increases in the demand for skill and wage inequality form the 1980's to the 1990's. The study is focused on the United-Sates of America between the 1980’s and the 1990’s. The article explains the link between the expansion of wage inequalities in the labour market and how skill-biased technological change (=SBTC) has influenced the process. SBTC means that the use of more technology is associated with the need to hire more high-skilled workers. For example, computerization of the workplace implies the need for hiring workers that know how to use computers.