If the automation revolution is as bad as some researchers believe, almost half of all occupations in the United States are at risk of replacement by 2026. Truck drivers will be swapped out for self-driving AI. Manufacturers will use smarter machines instead of hands. Supermarkets will go cashier-free. Even more conservative projections acknowledge that some kind of transition is coming: The Bureau of Labor Statistics has projected that the overall number of jobs of the future will grow , but that 1.4 million current ones could soon become "redundant."
As it rages, the automation debate has tended to center on […]
Mention artificial intelligence (AI) to human resources managers and you are likely to be met with one of two extremes. Either the robots will take over the world and limit humans to a lifetime of unemployment and misery, or robots will take over the world and free humans for a lifetime of creativity and happiness.
Reality, of course, sits somewhere in the middle, but either way, the robots are coming; more than three-quarters (78 per cent) of HR departments expect to use machine learning in at least one HR process within two years, according to a report from management consultancy […]
The positive impact of developments in technology on the economy has historically outweighed the disruptive impact on employment. Society has benefited from the efficiency gains derived from the application of technology in production, while workers displaced by these technologies have largely been successfully retrained and employed in other jobs. However, the pace of development of the “Fourth Industrial Revolution” now presents a risk of mass displacement of human labour, particularly in tasks that are repetitive and menial. The “Fourth Industrial Revolution” is characterised by significant progress in a closely-linked cluster of areas such as robot dexterity, machine learning, processing […]
In dystopian science fiction, we are taught to fear the technological singularity – the time when artificial super intelligence advances to a point far beyond human intelligence, with a result that profoundly alters human existence. Vivid imagery of automated weapons of doom working to wipe out human civilization and take over the world – or the galaxy – have terrorized generations of sci-fi fans. Stephen Hawking, Elon Musk, and Bill Gates have warned of its approach. Ray Kurzweil says it will be upon us by 2045, and, as far back as 1942, Isaac Asimov was contriving rules for robots, […]
Workforce polarisation in Tasmania – growth in the share of high and low skill jobs and the hollowing out of mid-skill jobs – is occurring due to economic restructuring and the shift away from traditional industries, according to a report released today by the University of Tasmania’s Institute for the Study for Social Change.
The report Insight Seven: Workforce Polarisation in Tasmania: Implications for the future of work and training , by Research Fellow Dr Lisa Denny, explains the implications of economic restructuring and diversification in Tasmania’s workforce.
Dr Denny said while Tasmania’s economic performance is relatively strong, employment is growing […]
My father-in-law recently had a cancerous lobe removed from his lung. As surgeries go, it was relatively serious, but also relatively common. In an age of organ transplants, a lobe removal is no longer particularly noteworthy. What is notable, however, is that the procedure was performed by a robot.
Robotics is part of the so-called fourth industrial revolution that includes companionable fields such as AI and biotech. In aggregate, they are poised to radically transform the economy. But although the word “transformation” has become a new-age descriptor for optimistic change, its consequences are purely contextual. For every automated medical procedure, […]
Elon Musk often mentions cyborgs at events and during interviews. This concept is not just a funny remark, a sci-fi reference, or a way to throw around big terms to sound smarter. It’s an important paradigm, a lens we can look at the past with, and more importantly, a concept that will have a great impact on the future of our species.
Before unveiling the Tesla Model Y on Thursday night, Elon Musk walked us through the history of Tesla. In the beginning, there was only the original Roadster, and a relatively small team developed the Model S in a […]
Former lecturer Temyos Pandejpong is helping his family manage the education empire that began in his own childhood home. Though he enjoyed his time in America, Mr Temyos says he has no regrets about coming back to Thailand to help his family run schools. Not many educators can say they spent their whole life devoted to education. Temyos Pandejpong grew up with education not only at the centre of his life, but as the entirety of his surroundings.
As a child he lived in the school his family ran, the Denla Kindergarten on Phetkasem Road. The youngest of three siblings, […]
Hotel operators are finding it a challenge to attract skilled, loyal workers to the industry. Photo credit: Getty Images/artisteer The hospitality industry—the people business—has a people problem. The industry continues to struggle with a growing pool of open positions and high turnover as the U.S. unemployment rate hovers around 4 percent. According to experts, this issue could be solved by educating young workers about the opportunities hospitality offers, but fears of automation have complicated the situation for line-level employees.
“I wish I could say I have seen a lot of bright ideas recently, but no one has showed me they […]
Digital Transformation is absolutely necessary for businesses that want to remain competitive, but it is also changing the landscape of work as we know it Opinions expressed by Entrepreneur contributors are their own.
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The rise of the Internet in the last decade has brought about new business models and market segments that have revolutionized the way in which companies operate today. The nation’s digital economy is poised to undergo explosive growth due to the proliferation of devices, and the Internet economy is predicted to touch the $266 billion mark in 2020, […]