General Electric's new $100 million jet-engine manufacturing plant in Indiana features a vision inspection system. In the past, a technician would spend four hours poring over the engine in search of defects. The machine, however, can do it in twenty minutes, while at the same time creating a permanent, digital record of the engine that helps reduce maintenance costs if something does go wrong.

  • Easy math: The vision inspection system costs north of $100,000 dollars, and when you consider that aerospace technicians enter the industry fetching between $20 and $40 per hour, that's an investment that can pay for itself in less than two years.
  • A job killer? Without innovations like the vision inspection system, GE workers wouldn't increase their productivity, and higher worker productivity is what enables higher wages. But make no mistake — the purpose of many of these innovations is to cut down on the need for labor.
  • A catch-22: Industries, like manufacturing, that have seen above-average productivity growth are industries where wage growth has a chance to be strong, but these are also industries in which automation is likely leading to less overall employment. In industries like healthcare and education, where productivity growth has been weak, the opposite problem exists. A nursing home assistant earns on average just $11.51 per hour, despite surging demand for workers.

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Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12 p.m. ET: 10,920,457 — Total deaths: 522,385 — Total recoveries — 5,789,032Map.
  2. U.S.: Total confirmed cases as of 12 p.m. ET: 2,753,754 — Total deaths: 128,871 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
  6. States: Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.
3 hours ago - Sports

Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.

Scoop: Instacart raises another $100 million

Illustration: Sarah Grillo/Axios Visuals

Grocery delivery company Instacart has raised $100 million in new funding, on top of the $225 million it announced last month, the company tells Axios. This brings its valuation to $13.8 billion.

Why it matters: This funding comes at what could be an inflection point for Instacart, as customers it acquired during coronavirus lockdowns decide whether they want to continue with the service or resume in-person grocery shopping.