Category: Automation Impact on Jobs

The solution for joblessness in the age of automation: Sharing employment

The solution for joblessness in the age of automation: Sharing employment

Unemployment is one of the most pressing problems in today’s world. This is especially true for Turkey where unemployment rate hovers around 10-11% even in good times. Today, since we are so accustomed to "unemployment incidence", we don’t get surprised when we see one. In fact, it is everywhere. How on earth can you get surprised by it? Well, unemployment was not always that widespread. Actually, it had been virtually non-existent once.

People tend to forget what had happened in the past when things were "different". Worse still, many unconsciously assume that things were always the same. But the world […]

Why aren’t IT careers more attractive?

Why aren’t IT careers more attractive?

Students opting for same-old career paths.

IT careers are awesome! Photo: Shutterstock Digitisation of the global workforce has created countless new career paths and tech-focused university courses with zero post-graduate unemployment, but dismaying new figures suggest that young people still dream about the same jobs they did 20 years ago.

Fully 47 per cent of boys and 53 per cent of girls expect to be working in any of just 10 traditional jobs by the time they reach 30, according to the OECD Programme for International Student Assessment (PISA)’s newly-released Dream Jobs: Teenagers’ Career Aspirations and the Future of Work […]

The shape of the British economy has changed radically since 2000

The shape of the British economy has changed radically since 2000

A personal view from Ian Stewart, Deloitte’s Chief Economist in the UK.

The past, as the novelist LP Harley wrote, “is another country, they do things differently there”.

And things were different in the year 2000. The global economy was booming. The 3.5% growth rate in the UK and the 3.8% figure in the euro area that year have not been bettered in the 19 years that followed.Tony Blair was in Downing Street, George Bush was in the White House and Vladimir Putin had just become president of Russia. The events of 9/11, and the subsequent wars in Afghanistan and […]

Will ‘Globalization 4.0’ create a new media revolution which is more humanitarian in its approach?

Will ‘Globalization 4.0’ create a new media revolution which is more humanitarian in its approach?

Levitt had forecasted that the globalization will be a new commercial reality. I remember more than twenty years ago when I was preparing for my master’s study on globalisation and intercontinental cultural values, I was resisting the concept of globalisation because of what it might do for poor people, especially in third world countries.

Even when we check Theodore Levitt contributions — the first one who introduced the ‘Globalization’ concept in the 1980s — the American economist and a professor at the Harvard Business referred to Globalization at that time as a powerful force that drives the world towards a […]

Coronavirus Isn’t Bringing Jobs Back to America

Coronavirus Isn’t Bringing Jobs Back to America

(Bloomberg Opinion) — U.S. Commerce Secretary Wilbur Ross had a spectacularly insensitive reaction to China’s coronavirus epidemic during a recent interview:

I think it will help to accelerate the return of jobs to North America. Some to U.S. Probably some to Mexico as well…the fact is, it does give businesses yet another thing to consider when they go through their review of their supply chain.

This is a heartless thing to say at a time when thousands of Chinese people have been infected, and millions more are huddling indoors as disease spreads. But it’s also probably wrong on the merits. […]

Are We Becoming an Automation Nation?

Are We Becoming an Automation Nation?

Of increasing interest to commerce today is automation of the workforce — either heralded or bemoaned. What Henry Ford’s assembly line started in reducing individuals to replaceable cogs in a replicable process, robots seem poised to finish in replacing humans completely. At least in some jobs.

As Kempler Industries reports, “From automotive manufacturing to cashiers, automation has already started to disrupt occupations and industries across the country. Machines and robots have replaced humans for various work-related tasks and will continue to do so in the coming years.”

Kempler, which has been in the business of buying and selling used machinery through […]

The solution to the job apocalypse!

The solution to the job apocalypse!

Summary: One aspect of the industrial revolution now beginning is the coming wave of automation from the combination of semi-intelligent machines, better algorithms, improved cheap sensors, and more skilled manipulators. Most hope that the jobs lost will be replaced by new jobs, just as unemployed farmers got jobs in factories and unemployed factory workers got jobs in services. These hopes are right – and wrong. Here is why. “We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.”
— Attributed to Roy Charles Amara as paraphrased by Robert […]

Automation replacing jobs

, the Bank of England estimates that about 15 million mostly service jobs—half the country’s total—could succumb to automation and widen the gap between rich and poor. S. some jobs remain almost as dirty and dangerous as ever. Although their job loss But look at what’s happening to retail jobs: The economists were wrong. But what is very much up for debate in the imaginations of economists and Hollywood producers is whether the future will look like "The Terminator" or A landmark 2017 study even looked at the impact of just industrial robots on jobs from 1993 to 2007 […]

Machines vs Blue-Collars: Jobs on the Line as the Power Struggle Intensifies

Artificial Intelligence has been at the forefront of the technological revolution for many years now. Manufacturing, IT, health and other industries have been gripped by emerging technologies in automation.

While the advancement has brought a respite in terms of cost and time, it has also thrown plenty of challenges for humans to think about and tackle. One such challenge is AI tech usurping blue-collar workers from their jobs, taking complete control.

The onus is on humans. If we aren’t smart enough with automation, it will, in fact, overthrow humans. But if we are, it can a boon and offer solutions for […]

Ari Brouillette: The treasury secretary and the Swedish girl

Ari Brouillette: The treasury secretary and the Swedish girl

Treasury Secretary Steven Mnuchin was recently asked about climate activist Greta Thunberg’s call for divestiture from fossil fuel stocks.

His answer was unsurprisingly blunt, “After she goes and studies economics in college, she can come back and explain that to us.”

What, after all, could a teenage girl be expected to know about the complex world of finance and energy? Mnuchin is of course a Yale graduate, former Goldman Sachs executive, and hedge fund CEO, tasked with guiding the world’s largest economy safely through these increasingly turbulent economic times. Surely economics, the so called dismal science, could identify which of these […]