Category: Automation Impact on Jobs

Don’t Send Your Kids to College

Don’t Send Your Kids to College

In our emerging economy, learning how to do something, like carpentry, may have more value than going to a university for four expensive years.

OCT 15, 2024 Illustration: Getty Images Want your kids to still love you when they’re in their 30s, when they’ve started work at a real job, busted their butts for a few years, maybe had a child or two of their own, and hopefully come to appreciate how hard you had to work – at whatever you did – to provide them with viable options and serious opportunities for a strong and secure future?

If so, then […]

Trump wants to take back manufacturing jobs. It won’t work.

Ryan Seitl, left, and Tyler Conen stack aluminum wrenches at the Wisconsin Aluminum Foundry in Manitowoc, Wis., on Oct. 16, 2019. (Lianne Milton for The Washington Post) “Foreign nations will be worried about losing their jobs to America,” former president Donald Trump declared at a rally in Savannah, Ga., last month, promising a “manufacturing renaissance” by walling off U.S. markets with high tariffs and punishing American companies that make stuff overseas.

This sort of statement, based in nostalgia for past economic paradigms in which large numbers of American blue-collar workers manufactured many of the world’s goods, no longer just sounds […]

Dockworkers Strike, Resisting Automation

Dockworkers Strike, Resisting Automation

ILA banner, 1901 Body

The Associated Press , reporting on the strike by the International Longshoremen’s Association, noted: “Local ILA president Boise Butler said workers want a fair contract that doesn’t allow automation of their jobs.” The report added, “The union had message boards on the side of a truck reading: ‘Automation Hurts Families: ILA Stands For Job Protection.’” Elsewhere, picket signs proclaimed that machines don’t feed families. ADVERTISEMENT
The ILA subsequently called off the strike on Oct. 3, 2024, in exchange for major concessions from the United States Maritime Alliance, representing ocean carriers and port operators. But many of […]

For CT manufacturers, robots, automation technology seen as crucial to addressing labor shortage

For CT manufacturers, robots, automation technology seen as crucial to addressing labor shortage

Nasir Mannan is the principal engineer at the Connecticut Center for Advanced Technology in East Hartford, which demonstrates robots and other automation technologies for manufacturers. When Jeffrey Davis took the reins at New London’s historic Sheffield Pharmaceuticals in 2016, he knew there was one big problem he needed to solve. Jeffrey Davis “Our production lines were still very manually run with a lot of people,” Davis said in a recent interview. “Quickly, I saw the writing on the wall that it was getting harder to hire people — fewer people wanted to do those sorts of jobs.”

The solution: Automation, […]

GenAI is a double-edged sword: Work efficiency will mean job losses

GenAI is a double-edged sword: Work efficiency will mean job losses

There are no easy answers to large-scale local jobs being threatened by AI and so, policymakers must remain flexible. Summary

The tension between the benefits of reduced costs and improved services on one hand and the potential workforce impact of artificial intelligence (AI) on the other is a policy and political issue globally. India should focus on providing cost-effective innovation solutions to the Global South.

Demographic factors have always influenced societal evolution, which remains true in the era of GenAI. While AI promises reduced costs and improved services, its impact on the workforce is a looming concern, creating a […]

Business Ethics in Artificial Intelligence

Business Ethics in Artificial Intelligence

from class:

Definition

Universal Basic Income (UBI) is a financial system in which all citizens receive a regular, unconditional sum of money from the government, regardless of other income sources. This concept aims to provide economic security and reduce poverty, especially in an era increasingly affected by automation and artificial intelligence, which can significantly impact employment and job markets.congrats on reading the definition of Universal Basic Income. now let’s actually learn it. ok, let’s learn stuff 5 Must Know Facts For Your Next Test> UBI can serve as a safety net for individuals who lose their jobs due […]

When was the minimum wage established?

When was the minimum wage established?

Question: QUESTION 1When was the minimum wage established?a.1912b.1938c.1965d.200910 points QUESTION 2The minimum wage acts as a price floora.when the minimum wage is set higher than the equilibrium wage.b.when the minimum wage is set equal to the equilibrium wage.c.when the minimum wage is set below the equilibrium wage.d.when the equilibrium wage is rising.10

QUESTION 1a.1912b.1938c.1965d.200910 points QUESTION 2The minimum wage acts as a price floora.when the minimum wage is set higher than the equilibrium wage.b.when the minimum wage is set equal to the equilibrium wage.c.when the minimum wage is set below the equilibrium wage.d.when the equilibrium wage is rising.10 points QUESTION […]

Coming to your home: From cleaning to brewing, robots for all the chores

Coming to your home: From cleaning to brewing, robots for all the chores

Home / Opinion / Columns / Coming to your home: From cleaning to brewing, robots for all the chores Mainstreaming of humanoid robots will impact societies and economies. Highly populous countries with young populations will have to rethink their policies for employment, labour

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Robotic arms brewing coffee or pouring drinks in cafes and restaurants are fairly common. Some restaurants have automated machines that collect used plates and wheel them to kitchens. Airports and malls using responsive robots for cleaning is routine.Robots of many shapes, sizes and purposes are part of our daily lives. People […]

Explore Booksellers suggests titles built around work and reading some classics

Explore Booksellers suggests titles built around work and reading some classics

Explore Booksellers staff picks Each week as part of SunLit — The Sun’s literature section — we feature staff recommendations from book stores across Colorado. This week, the staff from Explore Booksellers in Aspen recommends an examination of AI and two books about reading foundational and forbidden literature. A World Without Work

By Daniel Susskind
Picador
$18 May 2021 Purchase From the publisher : For all the general anxiety about computers taking people’s jobs, economists have long been optimistic about technology’s impact on employment. Historically, new inventions have always complemented human labor, helping rather than hurting […]

Innovating the Future of Automation: Key Trends for 2025 and Beyond

Innovating the Future of Automation: Key Trends for 2025 and Beyond

As the world advances towards a new era of automation, emerging trends in intelligent systems are set to revolutionize how businesses operate. According to Devesh Gupta , an expert in automation and technology, we are on the cusp of a transformation driven by innovations like AI, machine learning, IoT, and blockchain integration. This article delves into the future of automation , exploring the advancements that will reshape industries by 2025. AI and Machine Learning: The Heart of Next-Generation Automation

Artificial intelligence (AI) and machine learning (ML) are at the core of the next generation of automation, elevating systems […]