The robots are coming for jobs that pay $20 an hour or less, White House finds

Source – Marketwatch It’s intuitive that automation will take low-wage jobs. But the White House, in its annual economic report of the president, has broken down just how much that is so. There’s an 83% chance that automation will take a job with an hourly wage below $20, a 31% chance automation will take a job with an hourly wage between $20 and $40, and … Continue reading The robots are coming for jobs that pay $20 an hour or less, White House finds

One in five 20 to 34-year-olds has moved back in with their parents in the last year because they cannot afford to rent

[huge_it_slider id=”4″]   One in five young adults has moved back in with their parents or grandparents in the last year, having previously lived independently, according to research into the plight of the ‘clipped wing’ generation. Housing charity Shelter found that 20 per cent of working 20 to 34-year-olds in England had moved back in with their family at some point in the last 12 … Continue reading One in five 20 to 34-year-olds has moved back in with their parents in the last year because they cannot afford to rent

Caterpillar to cut up to 10K jobs; lowers guidance

CNBC

Caterpillar announced Thursday that it expects to permanently reduce its workforce by 4,000 to 5,000 by the end of 2016. It said the cuts could reach 10,000 through 2018.

The reductions are part of a corporate restructuring that the company said will lower operating costs by about $1.5 billion annually once implemented.

Caterpillar also lowered its guidance for 2015, saying sales and revenues for the year are now expected to be about $48 billion—$1 billion lower than the previous outlook. Thursday’s announcement also said that expected 2016 sales and revenues will be about 5 percent below this year. Continue reading “Caterpillar to cut up to 10K jobs; lowers guidance”