I'm 3 classes away from a bachelor degree in supply chain transportation and logistic management. I work for the largest aerospace in the defense company in the world. Can a master degree in supply chain engineering or somehow becoming a supply chain scientist? Keep me safe in the supply chain domain. Thanks
Hi Kurtney, Joannes addresses this question here: th-cam.com/users/live4xeV0YVRK68?si=Ug9E8lo5FmlR7dLN&t=3995. Here are the lectures he talked about: www.lokad.com/tv/tag/supply-chain-lectures/. Generally speaking, an engineering degree - solid knowledge of math, statistics, computer science combined with programming skills are and will be crucial.
The question I have is, where are these 90% of back office workers gonna get new jobs? Looking at these kinds of jobs on the Bureau of Labor Statistics website, most of them only require a high school diploma.
The job market will sort it out, it always does - unless misguided state interventions prevent it do so. New and better jobs will emerge, even if it's unclear what those jobs will be exactly. 150 years ago, farming was +80% of the labor workforce, in the US, in France and pretty much everywhere. Now, it's about 1.5% of the workforce. 90% of the back-office tasks of the 1970s have already disappeared. Remember the time when most junior white collars would spend a few months in the mailroom? My parents do, but those times are gone. The media relentlessly paints automation as the villain, but visit any country that does not enjoy massive modern automation, and it's dire poverty for everyone but the 0.01% elite. My 2cts, Cheers, Joannes
@Lokad Thank you for the answer to my badly worded question. The part I forgot about was that for those with a high school education or lower MIT, believes since 1980 70-50% of income inequality is a result of automation. They think the AI revolution will only make this worse. America has one of the worst education systems, along with the vast majority of immigrants only having a high school education or lower. How can a society function when large chucks of your population only have rudimentary education when all the new jobs require skilled labor?
Awesome podcast. Thanks for the content!
I'm 3 classes away from a bachelor degree in supply chain transportation and logistic management. I work for the largest aerospace in the defense company in the world. Can a master degree in supply chain engineering or somehow becoming a supply chain scientist? Keep me safe in the supply chain domain. Thanks
Hi Kurtney, Joannes addresses this question here: th-cam.com/users/live4xeV0YVRK68?si=Ug9E8lo5FmlR7dLN&t=3995. Here are the lectures he talked about: www.lokad.com/tv/tag/supply-chain-lectures/. Generally speaking, an engineering degree - solid knowledge of math, statistics, computer science combined with programming skills are and will be crucial.
@Lokad, I appreciate the information!
The question I have is, where are these 90% of back office workers gonna get new jobs? Looking at these kinds of jobs on the Bureau of Labor Statistics website, most of them only require a high school diploma.
The job market will sort it out, it always does - unless misguided state interventions prevent it do so. New and better jobs will emerge, even if it's unclear what those jobs will be exactly.
150 years ago, farming was +80% of the labor workforce, in the US, in France and pretty much everywhere. Now, it's about 1.5% of the workforce. 90% of the back-office tasks of the 1970s have already disappeared. Remember the time when most junior white collars would spend a few months in the mailroom? My parents do, but those times are gone.
The media relentlessly paints automation as the villain, but visit any country that does not enjoy massive modern automation, and it's dire poverty for everyone but the 0.01% elite.
My 2cts,
Cheers, Joannes
@Lokad Thank you for the answer to my badly worded question. The part I forgot about was that for those with a high school education or lower MIT, believes since 1980 70-50% of income inequality is a result of automation. They think the AI revolution will only make this worse. America has one of the worst education systems, along with the vast majority of immigrants only having a high school education or lower. How can a society function when large chucks of your population only have rudimentary education when all the new jobs require skilled labor?