The Why Axis Human Machine Working Hours The rise of AI and automation has implications on productivity, wages, employment, and more as robots start performing more and more jobs once done by humans.
According to a report from the World Economic Forum (WEF), " The Future of Jobs 2018 ," 52 percent of current job tasks will be performed by robots by 2025. The study found that automation could eliminate 75 million jobs by 2022 in sectors such as accounting, assembly plants, customer management centers, and postal services.
But the report also estimates that this "robot revolution" will create a […]
Retail, hospitality and other service-oriented industries have been seen as relatively immune to the job-killing effects of robotics, automation and AI. But as these technologies grow more sophisticated, retail’s resistance is weakening. Futurist Martin Ford, author of Rise Of The Robots: Technology And The Threat Of A Jobless Future , notes that robots are already reducing (or eliminating) the number of humans needed to do many jobs, including:
• Warehouse work;
• Checking in-store inventory;
• Providing customer service; and • Staffing points of sale.In an exclusive interview with Retail TouchPoints , Ford identifies the advances in robotics and AI […]
Sukhdeep Aurora, Chief People Officer – ANAROCK Property Consultants
India is adopting new-age technology fairly rapidly – and is, in fact, a hotbed for the very creation of such technology. Corporate executives are increasingly using technology to make their day-to-day tasks more efficient and less strenuous. This trend brings up a loaded and hotly-debated question for India Inc. and in fact corporates globally – will technology eliminate the need for humans when it comes to performing routine tasks?
There is obviously no one-size-fits-all answer to this question. The answer is obviously ‘yes’ when it comes to a number of largely […]
Industrial transformation, brought on by global trade, new digital technologies , and changes in the structure of work, have hit Rust Belt communities hard. Some places, such as Pittsburgh and Kalamazoo, have gone through painful transitions and come out the other side. However, the majority of the Rust Belt’s older industrial cities continue to struggle with job loss and weak economic growth.
The collapse of the region’s labor-intensive manufacturing-based economy took its toll on the employment-based safety net protections that Midwestern employers and unions forged after World War II. Today, employer-based systems of health insurance, pensions, and unemployment insurance serve […]
JOHANNESBURG — This article takes a rather realistic (and possibly even bleak) look at how 4IR tech, such as automation, could eliminate millions of jobs in South Africa. While I have no doubt that automation will create new jobs that we haven’t even heard of yet, what’s clear is that highly skilled workers will be able to adapt while low-skilled workers may find themselves unemployed in huge numbers. This will hit South Africa hard as our government has, quite frankly, failed in sufficiently skilling up the majority of the country’s population for the 21st Century. This article should serve […]
Today, the Commission has published the 2018 edition of its yearly Employment and Social Developments in Europe (ESDE) review.
This year’s edition confirms the ongoing positive labour market trends as well as an improving social situation. The numbers of people in employment reached new record levels. With almost 238 million people having a job, employment has never been higher in the EU. In 2017 over three and a half million more people were in employment, compared with 2016. However, while the number of hours worked per person employed has grown in recent years, they are still below the 2008 levels. […]
The European Commission has published its yearly Employment and Social Developments in Europe review, highlighting positive trends among the labour market and challenges in automation and digitalisation.
In this year’s edition of the Employment and Social Developments in Europe review (ESDE) it reveals ongoing positive labour market trends, as well as an improvement over the social element. How was the overall rate of employment in 2017?
As reported on the Commission’s website , in 2017 there were over three and a half million more people in employment compared with 2016. Alongside this, it was found in the report that […]
Technology As ASEAN+3 economies pursue growth and resilience a decade after the onset of the global financial crisis, one question looms large: Is technology a boon or bane for these states?
The most advanced economies, such as Japan, Korea, and Singapore, are better-positioned than the rest of the region to face the challenges posed by technology. However, the impact of technology on growth and employment does not materialize in isolation. Rather, it manifests itself in interactions with ongoing changes in the nature of cross-border production and trade and shifts in demographics.
The technology-related challenges that emerge for economies across the region […]
It’s the era of the new consumer.
We must adapt supply chains rapidly to meet customer expectations. Trends like reverse logistics, same-day-delivery and mobility result in new business models, stressed logistics systems and deconsolidating networks. We’re also in the midst of a shrinking talent pool. Competing with rising wages and attractive employment alternatives for this generation is pivotal in landing the top talent.
How do we handle this? By evolving our operations with the tools and technologies of the automated and connected supply chain of the future. This means meeting the demands of the next-generation consumer and the tech-savvy worker with […]
The truck drivers who stand to lose their jobs to automated-driving technology? Many of them haven’t been born yet.
For all of today’s fretting over the potential for massive unemployment associated with the deployment of self-driving vehicles, a report issued last week by a transportation-policy think tank says the first ripples from automation won’t reach the labor market until the mid-2030s. Widespread impact won’t occur for more than a quarter of a century.
Even then, the report, published by Securing America’s Future Energy (SAFE), suggests job impacts will be minimal rather than a catalyst for broad economic turmoil. The SAFE think […]