Category: Automation Impact on Jobs

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 […]

Four Automation Technology Trends You Won’t Want to Miss at IMTS 2024

Four Automation Technology Trends You Won't Want to Miss at IMTS 2024

Automation is a major theme at IMTS 2024. Not only is automation technology found in nearly every sector at the show, it has its own dedicated area for the first time. The Automation Sector, Accelerated by SPS — Smart Production Solutions can be found in the North Hall. Here are some trending automation technologies visitors can see in the automation sector and throughout the show:

> AI. AI is having a moment in all industries, and automation is no different. Earlier this year, Teradyne Robotics, parent company of cobot company Universal Robots, announced a partnership with Nvidia. UR has […]

AI more likely to transform jobs of highly educated workers in Canada: StatCan report

AI more likely to transform jobs of highly educated workers in Canada: StatCan report

Which professions, industries could see greatest impact of AI? By Jim Wilson

Sep 09, 2024

Share The rise of artificial intelligence (AI) in the work sphere is more likely to transform the jobs of workers who are more highly educated, according to a report from Statistics Canada (StatCan).“This is contrary to prior waves of technological transformation, which mainly affected less educated workers.”The study distinguishes three types of workers: those whose jobs are highly exposed to AI and who might benefit from it because of a high degree of complementarity between their tasks and AI capabilities; those whose jobs are highly […]

The Future of Work

The Future of Work

The future of work is a topic of immense interest and concern as technological advancements, demographic shifts, and evolving social expectations redefine the landscape of employment. This transformation presents both significant opportunities and notable challenges that businesses, workers, and policymakers must navigate. Technological innovation is at the forefront of shaping the future of work. Automation, artificial intelligence (AI), and machine learning are revolutionizing industries by increasing efficiency and enabling new capabilities. Robotics and AI are automating repetitive and routine tasks, which can lead to the displacement of certain jobs but also creates opportunities for new types of employment. For […]

Intervene to check growing inequality

Intervene to check growing inequality

A recent ILO (International Labour Organisation) report on the links between technology, especially automation and artificial intelligence (AI), and income inequality has raised questions that need answers from governments and societies. The World Employment and Social Outlook September 2024 report has taken note of the increasing pressure on income equality caused by the decline or stagnation of labour income, and also the lack of access to employment, education and training for a large number of young people. The study shows that the global labour income share, which is the portion of total income earned by workers, fell by 0.6 […]

The Disadvantages and Negative Effects of Artificial Intelligence

Artificial Intelligence (AI) has significantly impacted industries ranging from healthcare to finance, enabling advancements in automation, decision-making, and problem-solving. However, as AI continues to evolve, it brings along several challenges and risks. This article delves into the disadvantages and negative effects of AI, addressing concerns over job displacement, ethical dilemmas, security issues, and more. 1. Job Displacement and Economic Inequality

One of the most prominent concerns regarding AI is its potential to displace jobs. As machines and algorithms become increasingly sophisticated, they are capable of performing tasks that traditionally required human intervention. Automation in industries such as manufacturing, […]

Will Automation Replace Jobs? How can businesses balance technological advancements with protecting employment opportunities?

We need to rephrase the conversation. Right now its: "how do we protect jobs?". This is the wrong discourse. The conversation should be "how do we secure a decent lifestyle for all?". These conversations always go down the wrong path. People work so that they can live – work is the MEANS, not the GOAL.

Now, our puritan guilt immediately kicks in as soon as anyone suggests universal care for others because we’ve all been indoctrinated to think "wHaT aBoUt LaZy pEoPlE" and the disdain for the notion that the lazy, good for nothing, "unworthy" class might benefit from the […]

Podcast | AI’s Recruitment Takeover – It Ain’t a Bad Thing

Podcast | AI's Recruitment Takeover - It Ain't a Bad Thing

AI’s Recruitment Takeover – It Ain’t a Bad Thing The world of staffing and recruiting is changing faster than your LinkedIn connections can send you congratulatory messages. The culprit? Artificial intelligence (AI) and automation.

These aren’t just buzzwords anymore; they’re rapidly becoming the backbone of how businesses in this space operate. Matt Fischer , President and COO of Bullhorn, took some time on The Chad and Cheese podcast to lay it all out: AI isn’t here to steal your job, but it might just make it a whole lot easier.

Let’s be honest—recruiting has never been anyone’s dream job because […]