Category: Automation Impact on Jobs

The workplace of the future and its tech must work for the good of society

The workplace of the future and its tech must work for the good of society

Automation is not likely to eliminate millions of jobs any time soon — but the U.S. and other countries still need vastly improved policies if people are to build better careers and share prosperity as technological changes occur, according to a new MIT report about the workplace of the future. The report , which represents the initial findings of MIT’s Task Force on the Work of the Future, claims to puncture conventional wisdom and builds a nuanced picture of the evolution of technology and jobs.

The likelihood of robots, automation, and artificial intelligence (AI) wiping out huge sectors of the […]

Surfing the Waves of Digital Automation in Spanish Labor Market

Abstract

The emerging technologies based on artificial intelligence and robotics are challenging the landscape for human labor. Revolution 4.0 is progressively questioning some business models, changing the balance between creation and destruction of jobs, accelerating the transformation of occupational and skills requirements and affecting the distribution of income, because these technologies can replace both manual and cognitive skills. Our research analyzes how digital revolution is affecting labor market in Spain. We mainly focus on the new employment created since the outbreak of the recent financial crisis. We confirm a skill-biased technological change, although the new occupations are mostly demanding […]

Auto workers forced to accept their insecure fate

NEW DELHI: It’s mid-afternoon in Gurgaon. Lines of uniformed men are streaming into the Maruti plant, from nearby Mullahera village where they live, several to a cramped room. The colour of their uniform marks their status — permanent, casual, temporary (hired for six months at a time), and apprentice. While they all do similar work in various parts of the factory, this status makes all the difference to their income, security and prospects.

With production slowing across the , temporary workers are the first to go. Roughly a million jobs are reportedly at risk. “The companies with greater contractualisation have […]

Why are wages, inflation lagging?

Why are wages, inflation lagging?

Facebook The U.S. economy has been growing for more than 10 years, which makes it the longest expansion in American history. Many people are benefiting from unemployment rates that are among the lowest in decades. However, wage growth for much of the economic cycle has been lower than expected. This has many economists scratching their heads, wondering why an otherwise strong economy is not resulting in stronger worker benefits. Perhaps this is a sign that the historical relationship between employment growth and wage growth is changing.

Job growth usually drives wage growth

Traditional economic theory holds that unemployment and […]

Looking to the future

Looking to the future

Are we ready? How can we get a leg up on the 4th industrial revolution?

Humanity has gone through three industrial revolutions, starting roughly around 1760, and we are on the verge of delving into the 4th industrial revolution (4IR). The 4IR is prophesied to make millions of existent jobs redundant and engender a perilous future.

Technologies that will drive the 4IR, such as artificial intelligence, robotics, block chain, and 3D printing are anticipated to disrupt the business model on which current society is based on.McKinsey has estimated as many as 800 million jobs could be lost because of the 4IR. […]

automation of jobs, and an idea

ever since i was a kid, my parents have always told me that robots were gonna come and take all the low-end jobs; they’re easy to produce, cost way less than having humans there, and are far more accurate. and they were always scared of it. it didn’t make sense to me then, and doesn’t make sense to me now. if all the menial taskwork we need done can be done by robots, then why not just give people money and let them do what they want, and let the robots do their job?

like, i’m wording this weirdly, but […]

A Robot Tax Will Help No One And Hurt Many

A Robot Tax Will Help No One And Hurt Many

A robot: less frightening than it looks. (Photo by Mikhail JaparidzeTASS via Getty Images) A robot tax? Now I have heard it all. The idea came out of Bill de Blasio just before he gave up his bid to gain the Democratic presidential nomination, but he is not alone. Other progressives have fastened on to the idea, as have several Silicon Valley business leaders. It has, in other words, acquired a life of its own. It certainly is indicative of thinking among a group that has so clearly gained ascendency within the Democratic Party. On that basis, even though […]

The Australians at greater risk of robots stealing their jobs

The Australians at greater risk of robots stealing their jobs

How scared should we be about robots stealing our jobs? (Source: Getty) When it comes to job fears, some should be more scared than others about the AI revolution.

For instance, those living in South Australia and Victoria should be more concerned about losing their jobs to ‘robotisation’ than others in Australia.

Indeed, more than a third (36 per cent) of Australian jobs are at major risk of automation , according to a OECD Employment Outlook report released earlier this year.However, new research from recruitment firm Hays has found that women are at a disadvantage when it comes to the changing […]

Editorial: Scary reading for rural America

Editorial: Scary reading for rural America

If you want to read something grim, depressing and sometimes downright scary this Halloween season, you could try a Stephen King novel.

Or you could read the report “The Future of Work” by the New York-based consulting firm McKinsey & Company. The King novel might have more gripping prose, but the McKinsey report is much more frightening because it’s not made up.

Here’s the essence of it: “In the decade ahead, the next wave of automation technologies may accelerate the pace of change. Millions of jobs could be phased out even as new ones are created. More broadly, the day-to-day nature […]

The jobs that will be obsolete in 10 years, making STEM a must

The jobs that will be obsolete in 10 years, making STEM a must

Rapid and profound technology changes and globalisation are combining to change the nature of work and the types of employment which will be available.

The world has passed through four industrial revolutions, each defined by the key technologies which sustained them: The first used water and steam power; the second relied on electric power; and the third used electronics and information technology.

The fourth and current industrial revolution is powered by artificial intelligence and the fusion of physical, digital, and biological technologies. New technologies such as nanotechnology, digitisation, artificial intelligence, robotisation, smart machines, drones and the like, are profoundly changing […]