Tag: academic

SEEK boss warns mid-level jobs will disappear

Middle-ranking jobs are the ones disappearing, he said.

"My theory, and I hope I’m wrong, is that once there is a downturn there will be a justification to automate roles rather than re-hire people," Mr Bassat said.

Mr Bassat said he was particularly worried about the kinds of "unoriginal businesses" which dominate the Australian economy, singling out the big banks which are all laying off staff.National Australia Bank has committed to a $1 billion cost-cutting drive, aiming to reduce headcount by 2000 a year for three years, whereas Commonwealth Bank is expected to shed about 4000 roles from asset sales alone, […]

Automation & AI won’t make low-skilled jobs disappear

Automation & AI won’t make low-skilled jobs disappear

Representational image | Photo: Krisztian Bocsi | Bloomberg Whether AI and automation will create, eliminate or modify jobs, and how much, is the central question of a never-ending debate. In 2013, the Oxford academic duo Carl Benedikt Frey and Michael Osborne published a study titled “ The Future of Employment: How Susceptible Are Jobs to Computerization? ”, which estimated that 47% of American jobs are at high risk by mid-2030.

Last year, the World Economic Forum (WEF) released The Future of Jobs 2018 report, stating that algorithms and intelligent machines are expected to create 133 million new roles globally while […]

The Puzzle of Economic Progress

The Puzzle of Economic Progress

Gerard Julien/AFP/Getty Images Current academic research – into the impact of new technologies, the economics of innovation, and the quality of management, for example – may be providing ever more pieces of the puzzle. But many crucial questions about economic progress remain unanswered, and others have not yet even been properly posed.

CAMBRIDGE – Do we know how economies develop? Obviously not, it seems, or otherwise every country would be doing better than it currently is in these low-growth times. In fact, cases of sustained rapid growth, like Japan beginning in the 1960s, or other Southeast Asian countries a decade […]

The Challenges of Automation in a Fast Changing Economy

The Challenges of Automation in a Fast Changing Economy

A Bossa Nova robot scans shelves to help provide associates with real-time inventory data at a Walmart Supercenter in Houston, Nov. 9, 2018. “Technological innovation should be embraced,” notes a recent report from the Aspen Institute, a public policy and research organization in Washington. “Automation has been a largely positive economic and social force, and looking forward, automation will be necessary to feed, house, and raise the living standards of a growing and aging population.”

Still, the short-term disruptive impact on individuals and communities can’t be overlooked, the report says.

To better assess automation’s impact, the Aspen Institute takes a two-pronged […]

Employees less upset at being replaced by robots than by people

Employees less upset at being replaced by robots than by people

Generally speaking, most people find the idea of workers being replaced by robots or software worse than if the jobs are taken over by other workers. But when their own jobs are at stake, people would rather be displaced through automation than by another person. That is the conclusion of a study by the Technical University of Munich (TUM) and Erasmus University in Rotterdam.

Over the coming decades, millions of jobs will be threatened by robotics and artificial intelligence. Despite intensive academic debate on these developments, there has been little study on how workers react to being replaced through technology.

To […]

Can fake economies create real jobs? EVE Online CEO Hilmar Veigar Pétursson talks cryptocurrency, blockchain

Can fake economies create real jobs? EVE Online CEO Hilmar Veigar Pétursson talks cryptocurrency, blockchain

Image: Supplied There’s never been a better time to try to build a perpetual jobs machine.

There are currently about 13 million working people in Australia, and an estimated 3 million jobs set to be lost to automation by 2030 .

Over in the USA, democratic presidential candidate Andrew Yang has warned that automation will continue improving efficiency, cutting costs, killing jobs and hollowing out the economic backbone of America, starting from the centre of the country and moving outwards. His plank is a universal basic income (UBI) scheme to counter the impending tidal wave of mass unemployment.In addition to […]

Economist Daron Acemoglu named Institute Professor

Acemoglu: ‘My work has not been in any way a static thing’

Economics professor Daron Acemoglu was named Institute Professor July 10.

Acemoglu is the winner of the 2005 John Bates Clark Medal and co-author of the New York Times bestselling book Why Nations Fail . The Tech sat down with Professor Acemoglu to discuss his research and experiences at MIT. This interview has been lightly edited for length and clarity. The Tech: What does the title of Institute Professor mean to you? Daron Acemoglu: It’s a great honor. If you look at the list of people who have […]

We must skill the UK’s next generation to shoulder the burdens of the 21st century #Edu4_0

We must skill the UK’s next generation to shoulder the burdens of the 21st century #Edu4_0

Mithun Kamath is Group CEO of Arc Skills A job market being transformed beyond recognition by the inexorable march of #AI and #Automation

With the UN marking World Youth Skills Day earlier this month on July 15, we are reminded of just how vital it is that young people are equipped to help build the sustainable, inclusive and stable societies we want them to inherit. Mechanisms needed to operationalise #LifelongLearning #WYSD2019 https://t.co/ao0wgGyhfy — FE News (@FENews) July 23, 2019 The 1.2 billion young people aged 15 to 24, who make up 16% of the global population, are the future […]

High school students shunning summer jobs

High school students shunning summer jobs

The summer job, long an entry-level rite of passage into the working world for teenagers, is becoming obsolete.

Under pressure to bolster their college applications, more students are shunning the character-building, low-paying first job for extracurricular activities and year-round academics.

Out are summers spent perched on a lifeguard chair slathered in zinc oxide, schlepping clubs on fairways or stacking boxes in a warehouse. In are science classes, tutoring sessions or other resume-worthy pursuits, all aimed at giving students a leg up on the competition.Emblematic of that trend is Magali Ortiz, 18, a recent graduate of Northside College Prep, who spent every […]

All School and No Work May Be the New Normal for Teens

The summer job, long an entry-level rite of passage into the working world for teenagers, is becoming obsolete.

Under pressure to bolster their college applications, more students are shunning the character-building, low-paying first job for extracurricular activities and year-round academics.

Out are summers spent perched on a lifeguard chair slathered in zinc oxide, schlepping clubs on fairways or stacking boxes in a warehouse. In are science classes, tutoring sessions, or other resume-worthy pursuits, all aimed at giving students a leg up on the competition.Emblematic of that trend is Magali Ortiz, 18, a recent graduate of Northside College Prep, who spent every […]