There can be happy endings for today’s workers even with automation

There can be happy endings for today's workers even with automation

Sure, automation is chopping off many a basic job and job requirements. But that doesn’t mean workforces will have to deal with fewer jobs. Also in this package

COVID-19: I lost a job offer because my employer failed to cancel my visa on time. What are my rights?

How can you access funds in your UAE bank account and request for its closure if you are unable to return to the Emirates? “Dad, why aren’t you at work?” asked Charlie. “Oh, well the toothpaste factory thought they’d give me a bit of time off,” replied Mr. Bucket.Mrs. […]

Introducing the K-shaped economic recovery, favouring some sectors and leaving others behind

A woman checks out a jobs advertisement sign during the COVID-19 pandemic in Toronto on April 29, 2020. The Canadian Press Linda Nazareth is host of the Work and the Future podcast and senior fellow for economics and population change at the Macdonald-Laurier Institute in Ottawa.

And today’s recovery is brought to you by the letter ‘K,’ or at least that is how it is beginning to look. Oh sure, some of the indicators are getting us hopeful about a ‘V’ or maybe a ‘U,’ and some pessimists figure we are stuck at ‘L,’ but it would seem that […]

Urgent reforms needed on education and jobs, says Syed Saddiq

A report has found that the Malaysian job market suffers from a mismatch between workers’ skills and the types of jobs available. (Bernama pic) PETALING JAYA: Former youth minister Syed Saddiq Syed Abdul Rahman has called for a much needed reform of the education and employment systems, as young jobseekers are reported to be finding it increasingly difficult to obtain jobs that suit their abilities and qualifications.

Syed Saddiq said that “it is high time the government works on a matching scheme in which you tie in the demand of corporates to the courses being taught in universities”.

He said science […]

Will the pandemic further polarize the US labor market?

Will the pandemic further polarize the US labor market?

In recent decades, the U.S. labor market has undergone a fundamental shift — a polarization of the job market and the hollowing out of middle-skill occupations. Furthermore, since 1990, every U.S. recession has been followed by a so-called jobless recovery . Given the unique nature of the pandemic shock, the following question is worth considering: Will the 2020 recession further polarize the job market and leave us with another jobless recovery?

Since the early 1980s, middle-skill, routine occupations have declined while high-skill, non-routine occupations have seen substantial growth. Interestingly, low-skill, non-routine service-oriented occupations have also experienced job growth. Economists Daron […]

Future is Now: How COVID-19 is Propelling Automation and Pushing Us to a World Without Work

Future is Now: How COVID-19 is Propelling Automation and Pushing Us to a World Without Work

What will be the future of employment be like with the world racing toward automation? | Image credit: Reuters In Meno , Plato wrote about a gifted sculptor, Daedalus, who made such lifelike statues, that they had to be tied up so that they don’t run away. This story perturbed his disciple Aristotle a lot as it made him wonder what would happen to human employment if ‘every tool we had could perform its task, either at our bidding or itself perceiving the need’. In 2020, however, this is not a novel prospect. Most tools we own can, in […]

I’m not a robot: How Covid-19 is accelerating the skills gap

I'm not a robot: How Covid-19 is accelerating the skills gap

When Salford University in the UK announced in June this year it had received funding from the European Regional Development Fund for its £13m North of England Robotics Innovation Centre, it became the latest in a growing list of UK and European universities to offer courses on robotics engineering. There is an irony here in that the Salford region voted to leave the EU during the UK’s referendum in 2016 but nevertheless, that EU funding will undoubtedly go to good use. In fact, while pre-Covid-19, robotics was unfairly regarded as the reason behind potential job losses, today, it could […]

Trump’s plan to ‘decouple’ from China will require a robot revolution: Don Pittis

Trump's plan to 'decouple' from China will require a robot revolution: Don Pittis

U.S. President Donald Trump in a Labour Day address to reporters called for decoupling from China to bring manufacturing jobs home. (Sarah Silbiger/Reuters) As North America goes through its biggest recession and loss of jobs in decades, U.S. President Donald Trump is offering a job creation solution.

In a Labour Day election address to the media, the Republican candidate declared that a move toward "decoupling" from China would transform the U.S. economy and bring manufacturing jobs home.

"We will make America into the manufacturing superpower of the world and we’ll end reliance on China once and for all," Trump said in […]

Visualizing Data: How Data Insights Could Be About To Change

Visualizing Data: How Data Insights Could Be About To Change

Gartner recently noted a shift away from data dashboard. Is this a trend that will continue? As businesses collect vast quantities of information from their customers and commercial partners, how can this data be visualized for insights? Is the data dashboard now not fit for purpose

According to Gartner ’s top 10 data and analytical trends of 2020, the use of analytics dashboards will decline being replaced by automated data stories over the next three-to-five years. Is visualizing data about to radically change?

The dashboard has been a cornerstone of data analytics for decades. Is this about to change, as AI […]

America’s Federal Robot Subsidy Hurts Workers

America’s Federal Robot Subsidy Hurts Workers

A tax subsidy for automation would overturn an assumption made by economists since at least the 1930s. The assumption is that technology, in order to displace human labor, must perform a workplace task more efficiently than a human. If tax policy penalizes the employment of human labor relative to the deployment of robots, the basis for expecting even these “efficiency gains” as an upshot of a vanishing human workforce also vanishes. Machines can displace workers while still lagging them in productivity. They can win due to a subsidy that rigs the game in their favor.

It’s not science fiction, but […]

The Great Services Illusion

The Great Services Illusion

In the wake of COVID-19, some economists are calling for developing countries to shift from industrialization to services, or even to bypass the manufacturing stage of development altogether. But blind faith in services-led growth is a dangerous illusion, and the arguments supporting it are deeply flawed.

CAMBRIDGE – As the world prepares for the post-pandemic era, the quest for sustainable economic growth is becoming ever more intense – especially for developing countries. It is tempting to call for these countries – the main engine of global growth in recent decades – to shift their development strategies from industrialization to services. […]