The recent surge in AI development has a twin effect on the industry — on the one hand it led to deployment of AI-based technology, and on the other it also sparked fear of job losses, due to rising automation. When seen in the Indian context, jobs siphoned off by automation has become an important issue in India’s tech circles. The Indian government led by PM Modi has fully embraced AI but it remains to be seen how it plans to assist the population of India in the age of automation.
Now, machine learning researcher Michael Osborne is looking at […]
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 […]
Artificial intelligence, robotics and the fourth industrial revolution are setting the stage for a massive, global expansion in job creation, according to a new report released by the World Economic Forum .
Entitled “ The Future of Jobs ”, the report predicts that although the new technology will wipe out 75 million jobs worldwide by 2022, 133 million new jobs will be created in their place. The Swiss organization behind the annual agenda-setting Davos summit claims that on the whole, the robot revolution will by far deliver a net positive contribution to employment. Smooth Sailing or Storms Ahead?
Driverless haul trucks rumble over trails at Rio Tinto’s Mine of the Future in Western Australia. Ned Ludd never drove a truck. They didn’t exist in 1779 when, folklore says, he smashed a weaving machine in a “fit of passion.” This the young Englishman did after being beaten by his boss for idleness, or simply being told by his father, also a weaver, to “square his needles”—the accounts of the long-ago event vary. Indeed, Ludd the man may never have existed, but in the next century, textile workers who protested the introduction of job-killing machinery, sabotaging a lot of […]
Kettering University students will try to answer the question “How do you create new jobs when white collar jobs have been displaced due to automation?” in a new competition sponsored by the Hyundai Center for Robotic-Augmented Design in Living Experiences (CRADLE).
Kettering’s School of Management is hosting the competition, and students in majors across the University are competing.
“It’s a really cool opportunity for younger generations that are still learning a lot and will grow up in field of automation,” said Emily Kurburski ’20. “It’s understanding how we’re going to learn to adopt it in industries and teach people across different […]
Image: SIphotography/iStock Developments of machines and automation software could create 58 million new jobs in the next five years though new technologies are expected to overtake humans in terms of performing more tasks at the workplace by 2025, said World Economic Forum recently.
Developments in automation technologies and AI could see 75 million jobs displaced, according to the WEF report "The Future of Jobs 2018."
However, another 133 million new roles may emerge as companies shake up their division of labor between humans and machines, translating to 58 million net new jobs being created by 2022, it said.The WEF report was […]
The WEF has a prediction that should get people’s attention because of the rapid entry of smart machines into the workplace. According to the experts, the world of employment is about to experience a revolution because of computers, robots and automation, and humans will find themselves priced out by machines that are cheaper and don’t require lunch breaks.
See the full report here: The Future of Jobs Report 2018 .
The report says that millions of new jobs will be created to replace the ones lost, so not to worry, except that those new jobs will require technical training. Retraining employees […]
Re-skilling the existing workforce and developing technology skills in students should be made national priority.
A manufacturing line at Dell India’s facility at Sriperumbudur. The ‘Make in India’ vision is grand: Prime Minister Narendra Modi hopes to create 100 million jobs by 2021 and spur the development of middle class that will power the Indian economy in the near future. This ambitious program is designed to turn the subcontinent into a “global manufacturing hub” and increase jobs by providing a fresh impetus to the economy. Running high on this momentum, the government geared the union budget to aid […]
Robots are common in car production: VW production line in Puebla, Mexico. © Lossie/picture-alliance/dpa
Evermore industrial robots are being used in Mexico, where the potential for automation is great. To what extent robots will really replace low-wage labour remains to be seen however.
Mexico has historically been a low-wage economy. In the past, the USA’s southern neighbour mostly attracted foreign investors with low production costs which basically resulted from cheap labour. Among the members of the OECD (Organisation for Economic Co-operation and Development), a club of advanced economies, Mexico has the lowest minimum wage. It is a mere 88.36 pesos per […]
Agriculture will be the hardest hit sector as about 6.6 million labourers will be made redundant by 2028. (Photo: VNA)
Jakarta (VNA) – Some 28 million labourers in ASEAN’s top six economies are likely to become unemployed due to digital transformation and acceleration of the Fourth Industry Revolution.
In the Report “Technology and the Future of ASEAN Jobs”, experts forecast that artificial intelligence (AI) in software, hardware and robotics will change the employment landscape among ASEAN’s six largest economies of Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
Agriculture will be the hardest hit sector as about 6.6 million labourers […]