A new study by PwC suggests that AI and related technologies could result in minimal net job losses. But isn’t technology supposed to eliminate the need for human labour? How can automation occur and yet not make a dent in overall job numbers?
The answer is that automation comes in many guises. While the media is fixated on machines that substitute for humans, less attention is paid to those that augment labour. And seldom is it recognised that machines might in effect create tasks, doing work that was never done by a human previously.
At least four types of automation can […]
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 […]
The evolution of the future of work looks a lot like the past, but probably with more Uber and Deliveroo drivers, at least if you believe the Productivity Commission. In fact, it turns automation might not be the harbinger of the great employment apocalypse after all, despite a plethora of commentary and dystopian angst to the contrary.
Instead, the evidence of the last hundred years suggests that labour markets have been pretty well resilient to ‘shocks’ posed by new technologies including the upheavals caused by the arrivals of the latest global digital giants.
That’s the view of the Deputy Chair of […]
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?
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 […]
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 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,” […]
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, […]
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 […]
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 […]