In this third part of my series on the future of work, I want to deal with the impact of automation, in particular robots and artificial intelligence (AI) on jobs. I have covered this issue of the relationship between human labour and machines before, including robots and AI. But is there anything new that we can find after the COVID slump?
The leading American mainstream expert on the impact of automation on future jobs is Daron Acemoglu, Institute Professor at MIT. In testimony to the US Congress, Acemoglu started by reminding Congress that automation was not a recent phenomenon. The […]
“Defending Digital” Series, No. 7: Remember all those breathless warnings that artificial intelligence would soon eliminate a wide range of “routine” jobs? So far, pretty much the opposite has occurred. Given today’s widespread worker shortages, corrosive inflation, and vast societal challenges, America clearly needs all the automation it can get.
As with many famous anecdotes, the accounts vary. When Milton Friedman was visiting India in the 1960s, he saw men digging a canal with shovels. When he asked why the workers didn’t use modern earth-moving equipment, he was told that using shovels created more jobs, to which Friedman is said […]
Photo by Bernd Dittrich on Unsplash With the advancement of technology, new machines are being used in various sectors where everything was previously done manually. Food packaging is one of the most prominent businesses that has fully embraced today’s scientific evolution.
Aside from fruits and vegetables, every food product you use comes in some form of packaging. It is done with industrial food packaging machines , regardless of the food type.
PWR Pack specialises in packaging all food products for the food sector, including baked goods, confectionery, snacks, and more, using four robot cells. The Dutch company creates customised concepts that […]
Higher interest rates will dampen demand, but supply-side measures must also play a large role
Central banks’ efforts to contain high and rising inflation are fuelling growth headwinds and threatening to tip the global economy into recession. But the proximate cause of today’s inflationary pressures is a large, broad-based, and persistent imbalance between supply and demand. Higher interest rates will dampen demand, but supply-side measures must also play a large role in inflation-taming strategies.
Over the past year or so, the rollback of pandemic-containment policies has spurred a simultaneous surge in demand and contraction in supply. While this was to […]
RPA offers scope for those interested in advanced technology and working with Artificial Intelligence. | Photo Credit: Freepik Robotic Process Automation is an advanced career option that is soon going to become the need of the hour.
Robotic Process Automation (RPA) is a gateway to a new world. This is a software programme that makes it simple to create, deploy, and manage software robots that mimic human interactions with digital hardware and technologies. These software robots can perform nearly all of the tasks that people can, more efficiently in many cases.
In a world where companies across industries are […]
How efficient your workforce is and how quick they learn and adapt, makes them resilient to face the impact of change
By Kiran N. Kumar
In a peer-reviewed publication, a team from the University of Pittsburgh found that the German workers were not taking to substance abuse as their American counterparts after robots replaced them in the work environment.While automation truly enhances productivity and reduces accidents, it was found more harmful to the mental health of human co-workers, suggests the study published last week in Labor Economics from Pitt economist Osea Giuntella. Read: Robots to wipe out more […]
Raf Peeters is Founder and CEO of Qcify, a technology company developing AI quality control and monitoring solutions for the food industry. getty Record employment numbers, especially in the IT sector , mean that the war for talent is waging fiercer than ever. Blue-collar jobs aren’t exempt from the post-pandemic labor demand either, to which the “we’re hiring” signs posted in windows across the U.S. can attest. Not having enough quality staff on board can be a huge problem, and old recruiting techniques won’t cut it. Here’s what the future of employment might look like.
Low unemployment isn’t good […]
Whether you are an established businessman or a budding entrepreneur, you should never underestimate the role technology plays in modern business operations. Various traditional approaches have faded, only to be replaced by changing trends. While it has rendered many jobs obsolete, courtesy of how technology has eased operations through automation, it has also created new job opportunities.
As trends change, new talent is brought in, and people achieve things previously thought impossible. This has led to various companies making their mark and setting standards for others to follow. Growth is obviously a byproduct of this desire to progress further. Companies […]
Company Logo Global Industrial Robot Market Global Industrial Robot Market Dublin, June 29, 2022 (GLOBE NEWSWIRE) — The "Global Industrial Robot Market: Analysis By Industry, By Type, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2026" report has been added to ResearchAndMarkets.com’s offering.
The global industrial robot market in 2021 was valued at US$33.90 billion and is likely to reach US$61.09 billion by 2026. In recent years, manufacturing has been one of the first industries to deploy robots on a large scale, since industrial robotics serve to increase productivity and efficiency by lowering manufacturing costs, […]
That robots are coming for our jobs is no more news. It is already happening. With advanced applications in computer automation, many industries have found a better alternative to human employees.
These computer processes or robots can perform a series of complicated tasks faster and more efficiently than regular employees. Apart from that, they do not ask for days off or complain of fatigue – they get the work done.
As more and more processes get automated, millions of jobs will be taken over. It is essential to know that many of the jobs that our children are preparing and studying […]