Senate Minority Leader Chuck Schumer of New York, along with Senator Debbie Stabenow of Michigan and Senator Joe Donnelly of Indiana, announced plans for severe new punishments on U.S. companies that outsource jobs. According to Schumer, the new measures are tougher than Section 301 (1974 Trade Act), which the Trump administration is ready to resurrect.
Booth Energy Group filed a Worker Adjustment and Retraining Notification (WARN Notice) with the Kentucky Office of Employment and Training announcing layoffs in Martin, Johnson, and Floyd counties. The move eliminates 217 positions and are expected to take place on September 30.
How serious a threat is outsourcing of American jobs? Very. According to a recent study, one quarter of all U.S. jobs and half of all low-skill positions could be outsourced or automated. If this happens, millions of U.S. workers could be out of work in the coming years.
Companies Looking for Cheap IT Providers Look to India North Carolina has experienced a number of job cuts as a result of companies turning towards outsourcing.
The U.S. Labor Department announced that that the U.S. economy made room for 222,000 jobs in June, but California, Texas, and Ohio lead the nation in job losses.
Colonial Williamsburg, a tourist attraction in the historic district of Williamsburg, Virginia, is laying off employees in order to reduce its growing financial losses.
What Worked Against Outsourcing Won’t Against Automation While the U.S. has long been under threat of outsourcing due to the lower-wages abroad and an increasingly globalized environment, industries that have looked to counter the negative effects of outsourcing are now at risk from automation.
Popular music streaming company SoundCloud Limited is laying off 40% of its employees as it struggles to keep up with competition.
The Trucking Industry Will Likely Bear the Brunt of the Initial Automation Turnover Swedish startup Einride recently unveiled its robotic trucking rig that has no steering wheel, doors, pedals, windshields, or a number of other features we expect to see on modern vehicles that are helmed by humans.
Trump Is Mute as Ford Defies Its Earlier Promise to Build Focus in the U.S. Ford Motor Company (NYSE:F) is going to be building the “Ford Focus” in China and shipping it to the U.S. This is coming after the company scrapped a plan to build a factory in Mexico at the president’s behest and said that it would instead build the car in America.