Category: Automation Impact on Jobs

The last 3 years of traditional work are ahead of us: in 3 years, artificial intelligence will be doing practically everything

The last 3 years of traditional work are ahead of us: in 3 years, artificial intelligence will be doing practically everything

umetna inteligenca Artificial intelligence (AI) is gradually taking over tasks that we once thought only humans could do. What does this mean for the future of work? Will AI liberate us or rob us of our meaning? And how can we prepare for a world where work may no longer be a central part of our lives?

Remember the feeling when you first learned about self-driving cars. Exciting, isn’t it? But the question soon arose: what about all the truck and taxi drivers? A similar fate now befalls many professions that have hitherto been safe from automation. Thanks to artificial […]

Labour Ministers agree G7 AI plan, but ignore cost-of-living and climate crises

Labour Ministers agree G7 AI plan, but ignore cost-of-living and climate crises

As requested by G7 Leaders, Labour Ministers from G7 countries agreed a ‘G7 Action Plan for a human-centred adoption of safe, secure and trustworthy AI in the World of Work’.

The Plan includes positive commitments to: Promote the active involvement and consultation of workers and workers’ organisations in the adoption of AI systems in the workplace.

Promote social dialogue and collective bargaining at all levels, including on the development, deployment and monitoring of AI. Address potential risks of undermining social dialogue, collective bargaining and other fundamental principles and rights at work, including freedom of association, non-discrimination in the world of […]

Automation and Job Markets

Automation and Job Markets

from class:

Ethnic Studies

Definition Automation refers to the use of technology to perform tasks that would typically require human labor, often resulting in increased efficiency and reduced operational costs. The connection between automation and job markets is significant, as advancements in technology can lead to the displacement of certain jobs while simultaneously creating new opportunities in emerging fields. This dual impact shapes the landscape of employment and can influence economic systems globally.congrats on reading the definition of Automation and Job Markets. now let’s actually learn it. 5 Must Know Facts For Your Next Test> The rise of […]

Is it time for India to introduce a Universal Basic Income? Premium

> Opinion

The idea of a universal basic income has gained traction since the International Labour Organization’s most recent World Employment and Social Outlook links the decrease in jobs growth and the increase in inequality to a surge in automation and the use of artificial intelligence. The idea of a universal basic income has gained traction since the International Labour Organization’s most recent World Employment and Social Outlook links the decrease in jobs growth and the increase in inequality to a surge in automation and the use of artificial intelligence. | Photo Credit: Getty Images/iStockphoto

Due to the phenomenon of […]

The Future of Work in Central America and the Dominican Republic

The Future of Work in Central America and the Dominican Republic

Panama’s Metro workers with their computers. Photo: Javier Conte for The World Bank DOWNLOAD THE FULL REPORT

Technological progress has the potential to cause significant disruption in labor markets, but also to create new job opportunities for people in Central America and the Dominican Republic . Advances in agricultural and industrial machinery, computers, and now artificial intelligence (AI) have enabled machines to undertake many tasks previously done by humans, which puts jobs at risk.

Far from being a purely destructive force, technological progress and automation can generate employment . In competitive environments, automation can create jobs as price […]

Automating rural manufacturing: The role of AI in enhancing efficiency and quality

Automating rural manufacturing: The role of AI in enhancing efficiency and quality

By Salloni Ghodawat, Director, Ghodawat Consumer Ltd

India, a predominantly agrarian country, has seen a drastic transition in its economic structure in the past several decades. By contributing 17 per cent to the nation’s GDP, the manufacturing industry is emerging as an integral part of India’s economic growth, as reported by India Brand Equity Foundation. While urban cities have always been the core pillars of this growing manufacturing landscape, there has been a shift in focus where the nation is initiating industrial practices in rural areas. Government policies, technological advancements and initiatives to empower rural areas also play an […]

Will AI hit employment and increase inequality?

Will AI hit employment and increase inequality?

A helping hand: A robot delivering food at the first restaurant in Kenya to use humanoid machines. Automation generally leads to productivity gains, which generate income that can be spent on new products and services. — AFP THE release of ChatGPT in November 2022 has raised great hopes that artificial intelligence (AI) can contribute to solving problems in many fields and lift productivity, but also fears that many jobs may disappear, and that income inequality could rise further.

AI is commonly seen as a general-purpose technology, like the internal combustion engine, early electricity-based technologies, and computers.

Such technologies have the potential […]

Not All Career Ladders Are Created Equal

Not All Career Ladders Are Created Equal

Transcript

Tim Sablik: My guests today are Katka Borovičková and Claudia Macaluso, both economists in the Research department at the Richmond Fed. Katka and Claudia, welcome to the show.

Katarina (Katka) Borovičková: Thank you very much for having us. Claudia Macaluso: It’s a pleasure to be here. Sablik: Today we’re going to be discussing your recent research looking at how career changes affect worker earnings. You recently published an Economic Brief article that discusses a concept that I think should be familiar to a lot of people, which is the job ladder.The conventional wisdom has long been that […]

Automation in warehouses

Automation in warehouses

Views of Geekplus robots in action at the Geekplus Innovation Center in Suwanee, Ga., on Thursday, April 11, 2024. (Natrice Miller/AJC) Inside an unassuming building off Peachtree Parkway in Gwinnett County, robots, some of which look like Roombas on steroids, zoom around a warehouse floor, lifting pallets and moving racks of goods in precise routes.

Guided by QR codes on the floor, the robots are following a system outlining orders to fulfill.

The robots are made by Geekplus, a company based in China that has offices in the U.S. and has opened an innovation center in Suwanee, where it can demonstrate […]

Five Strategies to Overcome the CNC Machinist Shortage

The computer numerically controlled (CNC) machinist shortage is among the most concerning talent gaps the industry is facing. Organizations must do all they can to boost efficiency, hiring and retention. While that can seem daunting, it’s possible once you consider a few less conventional strategies. Talent Gap_Skills_Talent Shortage Putting the machinist shortage into perspective

Overcoming the machinist shortage starts with forming an effective plan. Most importantly, manufacturers should acknowledge that the current gap is unlikely to go away on its own.

The manufacturing sector has weathered previous labor challenges. However, the present one is nearly three times as large […]