At a community college in upstate New York, 12 cafeteria workers recently learned that they will lose their jobs — and be replaced by self-serve machines. It’s an issue that has played out in communities across the country, as robots get better and better at doing jobs — from taking fast food orders to mining coal — that once belonged to humans.
Is your job next? The answer to that question is complicated, according to a report by management consultant McKinsey, but most workers don’t need to worry. Experts found that less than 5% of jobs can be completely replaced by technology, though nearly every job involves tasks that robots could learn to do.
Enter your occupation below to see how much of your work may someday be done by machines.
Jobs with predictable activities in structured environments are the easiest to replicate with robots, a process known as automation.McKinsey estimates that 51% of all job-related activities in the U.S. economy fit this description,largely in manufacturing, food service and retail trade sectors. Den Rest des Beitrags lesen »
Fees, consumer banking and lending could drop by more than 10% in the U.S. by 2020, but new tech is also a way to avoid future profit collapses
One new study argues that up to $45 billion of bank profits could be wiped out by 2020 thanks to encroaching automation.
Some banks may be turning big profits this quarter. But they will have to spend a lot of money in a gamble to stay profitable as technology encroaches, according to new set of studies.
McKinsey & Co., in a report this week, argues that up to $45 billion of bank profits could be wiped out by 2020 thanks to encroaching automation, ranging from electronic trading to mobile banking. Den Rest des Beitrags lesen »
Das Beratungsunternehmen hat einem Medienbericht zufolge mehr als 20 Millionen Euro vom deutschen Staat kassiert.
Für seine Beratungsleistung in der Flüchtlingskrise hat das Unternehmen McKinsey laut einem „Spiegel“-Bericht mehr als 20 Millionen Euro von Deutschland erhalten.
Seit Herbst 2015 kassierte das Beratungsunternehmen 15,5 Millionen Euro für Aufträge des Bundesamts für Migration und Flüchtlinge (Bamf), wie der „Spiegel“ am Freitag unter Berufung auf die Behörde berichtete.
Hinzu kommen nach Angaben der Bundesagentur für Arbeit (BA) 4,96 Millionen Euro für die Unterstützung eines gemeinsamen Arbeitsstabs von Bamf und BA. Den Rest des Beitrags lesen »
There’s a saying that where you stand depends on where you sit. When it comes to energy, that holds true. For example, while I am an energy guy in general, I have spent much of my time in oil and gas. That colors how I see the future (and the present, for that matter). People who are deep into solar almost certainly have a different perspective. A mother in Africa cooking over a wood-burning stove might have a third. And a coal miner in West Virginia yet another.
Finding a consensus about what to do next and how, then, becomes difficult. And that is one reason why I find Bill Gates an interesting voice on energy issues.Having spent his life in IT and philanthropy, his views do not fit into a single box—and are all the more refreshing for that. He does have skin in the game. In 2015, he founded a $1 billion clean-energy fund, the Breakthrough Energy Coalition, which is devoted to research and development on clean energy. He also has been active on issues related to climate change and nuclear power. Den Rest des Beitrags lesen »
Leaders of some of the world’s biggest organizations reveal which books will keep them occupied in the coming months.
The slightly lazier days of summer are upon the northern hemisphere, with beach vacations beckoning. South of the equator, temperatures are dipping and cozy weekends lie ahead. So what books will corporate leaders be reading in the coming months? Here are recommendations from more than a dozen, including McKinsey’s Dominic Barton, JPMorgan Chase’s Jamie Dimon, LinkedIn’s Reid Hoffman, and Corning’s Wendell Weeks. It’s an eclectic list of fiction and nonfiction, spanning everything from classics to newcomers, business topics to biographies and folk tales.
Dominic Barton, McKinsey
In his three decades with the management-consulting firm, Dominic has worked with companies across a range of industries, including banking, consumer goods, and high tech. He led McKinsey’s Korea office from 2000 to 2004 and was the Shanghai-based Asia chairman from 2004 to 2009 before becoming global managing director.
Report underscores damage done by financial crisis to economic advancement for half a billion people
The fallout from the financial bubble and global crisis has had far-reaching impact on income advancement for more than half a billion people.
Across 25 of the world’s advanced economies, about two-thirds of the population—more than half a billion people—earn the same as or less than their peers did a decade ago.
Between 540 million and 580 million people in 2014 had lower or stagnant incomes than similarly situated people in 2005, according to a new study from the McKinsey Global Institute, the research arm of the global consulting firm McKinsey & Co. The finding presents a break from the trend in advanced economies during the post-World War II era when, throughout twists and turns, most families ended up improving on the standard of living of their predecessors. Den Rest des Beitrags lesen »
Date: 02-04-2016
Source: The Economist
Subject: Shareholder value: Analyse this
WHAT is the most influential contemporary book about the world economy? An obvious choice is “Capital in the Twenty-First Century”, a 696-page analysis of inequality by Thomas Piketty, a French economist. There is another candidate: “Valuation”, a 825-page manual on corporate finance and shareholder value. Some 700,000 copies of it encumber the bookshelves of MBA students, investors and chief executives around the globe.
Inequality and shareholder value are linked in the minds of many folk, who blame investors and managers for stagnant wages and financial crises. Ruthless corporations are a big theme in America’s election campaign. The near-collapse of Valeant, a drugs firm, seems to illustrate a toxic business culture. Its shares have fallen by 73% this year. It is restating its accounts and is in negotiations with its lenders and under investigation by regulators. Valeant describes itself as “bringing value to our shareholders”. While there is no indication of fraudulent or illegal practice, the company could end up joining a pantheon of corporate fiascos that includes Enron (which pledged to “create significant value for our shareholders”), Lehman Brothers, (“maximising shareholder value”) and MCI WorldCom (“a proven record of shareholder value creation”). Den Rest des Beitrags lesen »
Die Bank Austria wird nicht nur Personal und Filialen ab-, sondern auch ihre interne Organisation umbauen. Der Betriebsrat will einer Abspaltung des Ostgeschäfts nur zustimmen, wenn das Investmentbanking von München nach Wien zurückgeholt wird.
Wien – Der Umbau der Bank Austria (BA) hat erst begonnen und wird tiefgreifend ausfallen. Die erste große Hürde – die Auslagerung der 3300 Mitarbeiter mit Anspruch auf Bankpension ins staatliche ASVG-System – hat das Management fast gerissen. Wegen der ASVG-Novelle und des von sieben auf 22,8 Prozent erhöhten Übertragungsbetrags wird die Aktion statt 224 Millionen Euro rund 729 Mio. kosten (Zahlen aus den Erläuterungen zum Gesetz). Die österreichische Unicredit-Tochter prüft die neuen Bestimmungen noch (das Gesetz ist noch nicht in Kraft; der Gesetzgeber notifiziert es auch in der EU).
Der Transfer der Mitarbeiter ins staatliche System ist aber bereits erfolgt – infrage stellen könnte die BA nur die Höhe der Mitgift, die ihr die Pensionsversicherungsanstalt PVA vorschreiben wird.
“The Fed’s emergency policies since 2008 have in one sense been a huge success, though we will never know the counter-factual. A great depression was averted. Output is 10pc above its previous peak. Employment is up by 4.7m.
“Yet zero rates and QE set off torrid credit bubbles in the emerging world, pushing up the global debt ratio by 30pc of GDP beyond their previous record in 2008. The Bank for International Settlements calls this a “Pareto sub-optimal” for the world as a whole. The chickens have not yet come home to roost.”
Genau: das wäre nicht das erste Mal, dass ein McKinsey Erguss direkt in den Konkurs führt (siehe Swissair, Grohe, …) (hfk)
05.11.2015 | 18:36 | Matthias Auer (Die Presse)
Die heimische Wirtschaft könnte bis 2025 um zehn Prozentpunkte schneller wachsen, sagt das Beratungsunternehmen McKinsey. Der Großteil davon wäre auch ohne politische Reformen umsetzbar.
Wien. Seit fünf Jahren tritt Österreichs Wirtschaft auf der Stelle, und langsam wird spürbar, was es heißt, Bürger im Wachstumssorgenkind der EU zu sein: Die realen Pro-Kopf-Einkommen schrumpfen, die Produktivität stagniert, Menschen und Unternehmen halten ihr Geld aus Sorge zusammen. Wer Besserung sucht, ruft wieder und wieder nach den ewiggleichen Reformen bei Steuern, Ländern, Förderungen – und wartet ab. Dieses Warten auf den längst überfälligen Startschuss lähmt das Land vollends. Die Unternehmen sind anscheinend sogar zum Abwandern zu müde. Stattdessen bleiben sie, investieren aber nicht mehr und verschwinden so eben langsam.
Das muss nicht so sein. Das Land könnte durchaus von sich aus einen kräftigen Wachstumsschub erzeugen, so das Ergebnis einer Studie von McKinsey, die der „Presse“ exklusiv vorliegt. Ganz ohne große Reformen, nur mit Kraft der Bürger und Unternehmen. Bis 2025 könnten so bis zu 31 Milliarden Euro an zusätzlichem Umsatz geschaffen werden – ein Plus von zehn Prozent. Den Rest des Beitrags lesen »
