Robots on the job could ‘automatically’ mean losing yours

Robots on the job could ‘automatically’ mean losing yours

Are modern technological innovations now of such intensity and scale that in the future it is likely to see fewer job opportunities across the Western world and a sharp increase in leisure time? The disruption caused to the job market by Industry 4.0, robotization and the rise of people-free delivery services is already well-documented. There is evidence to suggest that changes will happen on a significant socio-economical scale, compared with the sporadic technical upgrades we have seen until now.

However, it raises several interesting questions: as a workforce are we ready, socially and psychologically, for an increase in leisure time?

Can […]

With changes in education and fair wages, technology can be a worker’s friend

With changes in education and fair wages, technology can be a worker’s friend

In a speech in Perth to the Committee for Economic Development of Australia, Karen Chester, the deputy chair of the Productivity Commission, has provided a bit of pushback on the doom and gloom scenarios about the future of work. But that does not mean things will all go smoothly. Chester argues for changes to education and greater incentives to move into work not able to be automated to ensure technology provides “not just more jobs but jobs for most”.

The easy headline – especially given numerous recent studies such as those done by the IMF – is to be fearful […]

Fewer Israeli Arab Men Have Jobs – and Wage Growth Has Stalled

Fewer Israeli Arab Men Have Jobs – and Wage Growth Has Stalled

File photo: An Israel-Arab construction worker near Ma’aleh Adumim. For years Israeli policy makers have focused with some success on coaxing ultra-Orthodox men and Arab women into the workforce. But as research from the Israel Democracy Institute shows, fewer and fewer Arab men have jobs and their wage growth is lagging behind other Israelis.

And the problem, says Eitan Regev, an economist and a research fellow at the Israel Democracy Institute, is likely to worsen as the needs of Israel’s high-tech economy diverge from the kind of jobs Israeli Arab men can perform because of their low education levels.

Among Jewish […]

AI and robotics forecast to generate 7.2 million jobs

AI and robotics forecast to generate 7.2 million jobs

A new report by PwC found that employees fear robots will replace them and artificial intelligence (AI) could, in fact, create as many jobs as it displaces.

According to the report, 7.2 million jobs could be created over the next 20 years, a slight edge on the 7 million job losses also predicted in the report.

“Artificial intelligence is a relatively new technology, and this unfamiliarity can cause people to feel uncertain about it. There is a massive wealth of opportunity with the implementation of Artificial Intelligence in terms of the jobs it will create, but there is also the need […]

AI will force millions to switch careers over the next two decades: PwC

AI will force millions to switch careers over the next two decades: PwC

AI will not result in large-scale unemployment, but it will force millions to retrain and switch careers over the next 20 years, according to a report by PwC.

The report found that AI will create around the same number of jobs as it destroys, dismissing previous fears that it would lead to rampant unemployment. However, it also found that there will be “winners” and “losers”, with some industries seeing significant decline in jobs while others will see a rise.

“Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains,” […]

Nicholas Carr was right IT died, but was resurrected

Nicholas Carr was right IT died, but was resurrected

Some wounds cut so deep to the heart of one’s identity as a professional, that they never completely heal. Instead, they fester for years and occasionally reopen by random bits of news. By that measure, Nicholas Carr cut into the heart of IT professionals in his seminal paper, IT Doesn’t Matter , arguing that IT had become commodified to the point that it offered little competitive advantage.

Carr was less overtly confrontational in his subsequent book , where he (or his editors) attempted to assuage professional sensitivities by turning the statement into a question. However his fundamental thesis was unchanged […]

AI To Create Jobs, Claims PwC Report

AI To Create Jobs, Claims PwC Report

Artificial intelligence will create as many jobs as it displaces by boosting economic growth, says analyst

The arrival of artificial intelligence (AI) will be a win for the UK jobs market as it will create as many jobs as it displaces by boosting economic growth over the next 20 years.

This is the claim in a new report from PwC , which found that although the overall effect on UK jobs is estimated to be broadly neutral, there will be “winners” and “losers” by industry sector.It comes after Oxford University researchers last Autumn warned that 80 percent of jobs in transportation, […]

Report From PwC Says AI Won’t Kill The Job Market, But Keep It Steady

Report From PwC Says AI Won't Kill The Job Market, But Keep It Steady

It’s impossible to say precisely how artificial intelligence will disrupt the job market, so researchers at PwC have taken a birds eye view from the top down, and pointed to the results of sweeping economic changes.

Their prediction, in a new report out Tuesday, is that it’ll all balance out in the end.

More automation in trucks, factories and elsewhere could decimate around 7 million existing jobs in the UK by 2037. But the rise in robots and machine-learning software will make the country more productive over the next two decades, growing at a 2% annual clip, to put nearly the […]

The great automation scare

IF you happen to visit a McDonald’s outlet in the United States in the next couple of years, chances are very good that your order won’t be taken by an actual human, but by a computerized kiosk. Other restaurant chains have already piloted variations of the concept. McDonald’s intends to implement it on a massive scale, installing it in all its US stores by 2020.

In an opinion piece for Forbes published over the weekend, former McDonald’s USA CEO Ed Rensi put the blame for the drive for automation of the sort his former company is implementing on higher labor […]

Artificial intelligence will be net UK jobs creator, finds report

Artificial intelligence will be net UK jobs creator, finds report

Artificial intelligence is set to create more than 7m new UK jobs in healthcare, science and education by 2037, more than making up for the jobs lost in manufacturing and other sectors through automation, according to a report.

A report from PricewaterhouseCoopers argued that AI would create slightly more jobs (7.2m) than it displaced (7m) by boosting economic growth. The firm estimated about 20% of jobs would be automated over the next 20 years and no sector would be unaffected.

AI and related technologies such as robotics, drones and driverless vehicles would replace human workers in some areas, but also create […]