Brookings scholar Harry Holzer just released an interesting short piece analyzing the potential impact of artificial intelligence on job displacement; in it, makes five recommendations for mitigating AI’s impact on middle-class job opportunities. Educators at all levels should teach noncognitive skills, while continuing to foster narrower, in-demand technical skills that are connected to immediate employment opportunities. Image via Twenty20. Summarizing OECD data on the topic, Holzer estimates that between 10 and 30 percent of US jobs are susceptible to partial or complete automation, with lower-skilled occupations at a much higher risk of complete displacement by AI. Higher skilled jobs […]
CC0 Creative Commons As you may have heard, horrifying studies say Las Vegas is one of the most likely places in the solar system for automation to replace oodles and oodles of jobs. Because jobs in hotels and travel and food service are among those most likely to be automated.
For example, a famous study from Oxford researchers a few years ago that said up to half the jobs in Las Vegas could be robotted right out of existence by the early 2030s. Pricewaterhouse Coopers followed up by predicting automation will all but eliminate retail jobs (the second largest occupation […]
Getty Getty The way work gets done is changing drastically. While many companies use outsourcing, temporary workers and agency partners to extend in-house capabilities and ramp up support during high-demand times, the majority of business operations continue to be handled by a core group of full- and part-time permanent workers. While this may have sufficed in the past, HR and business leaders need to rethink and redesign their legacy employment models to ensure business sustainability.
What should the workforce of the future look like? Unlike today’s model, it will be made up of three distinct types of “workers”: traditional (full- […]
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Okay, let’s start with … 1 big thing: Economic juice Photo: Justin Sullivan/Getty For more than a year, the U.S. jobless rate has hovered right around 4% — including the last three months, when it’s been a mind-boggling 3.7%, a half-century low. Fast-growing companies desperate for workers have […]
I had the privilege to listen to Dr. Aniceto Orbeta of the Philippine Institute for Development Studies (PIDS), the government think tank, when he made a presentation on Labor and Global Development before the People Management Association of the Philippines.
Now, the FIRe in the title of this column doesn’t refer to firing laborers but rather the shorthand for what Dr. Orbeta in his presentation calls the Fourth Industrial Revolution (FIRe). According to Dr. Orbeta, the First Revolution was about steam, water, and mechanical production equipment, starting about 1784. The Second Revolution was about division of labor, electricity, mass production, […]
In previous automation revolutions, we’ve seen people move from one pillar of industry to another. We’ve seen people move from agriculture to manufacturing and from manufacturing to services. Every time this has happened the basic skill-set has increased dramatically. Where do people move to when automation starts making deep inroads into services? More importantly, what kind of skill-sets will people need to be valuable in the future and are those skill-sets even plausible for the majority of people?
A former PM in Australia defined the following pillars to our economy: manufacturing, agriculture, services, education, health, transport and commodities.
Automation has made […]
Industrial Automation Technologies that automate labour tasks do not necessarily increase unemployment. Despite widespread concerns that Artificial Intelligence (AI) will displace workers en masse , there are periods of history where productivity-enhancing technologies have actually increased employment in the affected industries. This runs counter to the simplistic notion that ‘automation causes job losses’ in the industries experiencing automation.
So, why does automation lead to employment growth in some industries at particular times, while leading to job losses at other times and in other industries?
James Bessen , an Economist from Boston University, argues that it has to do with how […]
The chorus of voices claiming that AI won’t destroy jobs is getting louder There seems to be two sides to the ‘robots won’t take jobs’ argument. One side suggests that robots and other automation tools will enable workers to focus more on the aspects of their job that requires more human skills — such as the ability to engage with customers. The other side argues that AI, robotics process automation and robotics will create new jobs. When Carl Benedikt Frey and Michael Osborne, from Oxford University, published their infamous Future of Employment report , they disturbed one very large […]
Predicting the scale of AI-induced job losses has become a cottage industry for economists and consulting firms the world over. Depending on which model one uses, estimates range from terrifying to totally not a problem.
Since 2013, the most cited predictions include a study from Oxford University that predicted 47% of US jobs could be automated within the next decade or two; an Organization for Economic Cooperation and Development (OECD) report that suggested just 9% of jobs in the United States were at high risk of automation; PwC research that found 38% of jobs in the United States were at […]
The research, conducted by Nature on behalf of SEEK, found that less than half of Australians view automation and artificial intelligence (AI) as being “probably a good thing” (48 per cent and 46 per cent, respectively).
Of those that do, the main benefits were identified as increased efficiencies (47 per cent), less repetitiveness (46 per cent) and freeing up people’s time (35 per cent).
Surprisingly, it was not just younger adults who are more receptive to these technologies and more positive about their impacts: Baby Boomers (those aged 55 to 64 years), combined with Generation Z (those aged 18 to 24) […]