Robots are not to blame for the loss of millions of U.S. manufacturing jobs. Millions of Americans who lost manufacturing jobs during the 2000s have long ”known” China was to blame, not robots. Evidently many academics who’ve studied the issue are finally drawing the same conclusion.
For years economists have viewed the increased role of automation in the computer age as the culprit for some 6 million lost jobs from 1999 to 2010 — one-third of all U.S. manufacturing employment. Firms adopted new technologies to boost production, the thinking goes, and put workers out of the job in the process. […]
Full Post at www.marketwatch.com
Technology evangelists dream about a future where we’re all liberated from the more mundane aspects of our jobs by artificial intelligence. Other futurists go further, imagining AI will enable us to become superhuman, enhancing our intelligence, abandoning our mortal bodies, and uploading ourselves to the cloud.
Paradise is all very well, although your mileage may vary on whether these scenarios are realistic or desirable. The real question is, how do we get there?
Economist John Maynard Keynes notably argued in favor of active intervention when an economic crisis hits, rather than waiting for the markets to settle down to a more […]
Full Post at singularityhub.com
The election of Donald Trump was supposed to be a wake-up call. The shock of his success, we were told, would lead the political establishment to finally start paying attention to working-class Americans and forgotten workers.
Has that happened?Well, an optimist could point out that manufacturing jobs have been roaring back since Trump’s election. A pessimist, though, need only note the attitude among Republicans and Democrats alike toward a big technological change coming our way: self-driving cars.Now, corporate America is thrilled about autonomous vehicles, as they’re also called, and for an obvious reason: Many companies will save gobs […]
Full Post at www.timesunion.com
Mayank Kumar & Apoorva Shankar Analysis
Automation and the rise of technologies like artificial intelligence and machine learning are making everyone paranoid — paranoid about job losses: The fact that a machine may soon do your job, make you redundant – and paranoid about what the future of work may look like.
Will it just be a bunch of robots manufacturing everything, end to end, as well as rendering services in clinics, restaurants and shopping malls? Or will humans continue to be a significant factor in most of these activities?Of course, it’s hard to predict exactly what the Fourth […]
Full Post at techcircle.vccircle.com
More information The age of algorithm has arrived and your data is a treasure
The precarious ones of new digital economy
The work mutation Are robots, supercomputers and algorithms going to finish with work? Are we about to enter a post-industrial world where employment will be a rare warning that only a privileged group will have access to? These questions are increasingly common in view of technological revolution that threatens to replace people by machines. But, contrary to widespread notion that age of employment is coming to an end, a recent study concludes that automation does not reduce number […]
Full Post at www.turkeytelegraph.com
Artificial Intelligence is positioning itself as the transformative technology of the century. The speed at which it is improving manufacturing operations leaves the industry with two options: embrace the machines or get left behind.
It’s difficult to identify exactly what Stephen Hawking will be most remembered for. Is it his contributions to cosmology and our understanding of space-time? Or maybe quantum mechanics and the very key to unlocking reality? Maybe it’s the fortitude of the human spirit and mind, which he proved can thrive even as the body atrophies.
Hawking had ALS for 55 of his 76 years, a disease which […]
Full Post at www.industryweek.com
How Will Technology Affect Immigrant Workers?
News media and analysts have given much attention to automation â€” the process of technology taking over manual tasks â€” and how it will affect jobs in the United States over the next few decades. The impact could be significant on the immigrant population, especially those with â€œlow-skilledâ€ jobs, defined as jobs that require a high school diploma or less. Many fear that increased automation will reduce the number of overall jobs available to the general population as well as immigrants. Experts agree that automation will affect certain professions to a degree. In a […]
Full Post at immigrationforum.org
Igor Faletski is CEO of Mobify, a Vancouver company working on mobile technology. In the future of retail, it is likely that bricks-and-mortar stores and online commerce will merge into a seamless and convenient entity, says Vancouver tech entrepreneur Igor Faletski.
As CEO of the Vancouver-based online-commerce platform Mobify, Faletski has had a front-row view of the trend toward using technology to create a “frictionless transaction” that maximizes convenience for consumers while minimizing the amount of time they spend waiting in line.
“The days of a retail store as a place where you have inventory, you sell it and take money […]
Full Post at vancouversun.com
For years, science fiction has portrayed images of robots and appliances catering to every need and whim of human managers completely automatically. In some ways, 3D printers have represented the first steps toward such sci-fi visions of the future: simply punch in a design and the machine fabricates the object, as though out of thin air. For this reason, MakerBot dubbed its desktop 3D printer the “Replicator,” after the Star Trek device that could reconstitute matter into anything desired by the ship’s crew. An industrial robotic arm can swap out used pellet containers or tool heads in Stratasys’ Infinite […]
Full Post at www.engineering.com