Category: Automation Impact on Jobs

Keep your job options open and don’t ditch science in school subjects

Keep your job options open and don’t ditch science in school subjects

Thousands of Year 10 students have just chosen, or are in the process of choosing, subjects for their final years of school – and half will probably ditch science.

For someone like me who thinks science is one of the most worthwhile things I’ve ever studied, that decision is bewildering.

The downward trend in science enrolments has been watched with concern for decades and is the subject of much research .But still science continues to be out of favour with teens despite its potential use in a wide range of employment opportunities, beyond the traditional science careers. Doing fun work in […]

Automation leading to fewer midskill jobs such as bookkeepers, IT support workers: Hays

Midskill jobs are declining in many industrialized countries as firms turn to automation, according to a report released by staffing firm Hays plc and Oxford Economics.

“Rapid technological development has enabled machines and software to complete many routine and increasingly non-routine tasks, according to the report. “As the cost of these machines and programs falls, they become increasingly close — and sometimes superior — substitutes for the humans who previously completed the tasks, leading to employment losses in vulnerable occupations.”

Midskill jobs include bookkeepers, paralegals and IT support among others.Technological advances in communication have also enabled further offshoring by industrialized counties, […]

Resisting the rise of the robots

Resisting the rise of the robots

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Reactions In a world of growing automation and consequent job losses, what the continued existence of petrol attendants in South Africa shows is that a social contract can exist between business and government to preserve jobs. Surely the trade-off between jobs and mechanisation is up for negotiation.

A strike looms in the banking sector over the loss of jobs as banks close branches, supposedly an inevitable result of the move to internet banking. McDonald’s has introduced self-service kiosks, and Ster-Kinekor has added automated snack ordering to its automated ticket system.This is happening in a country where the […]

Philexport: Create more jobs to boost automation readiness

Philexport: Create more jobs to boost automation readiness

AN EXPORT industry leader has underscored the need for the country to create more employment opportunities especially in the rural areas to prepare itself for Industry 4.0 and foster inclusive national economic development agenda.

Philippine Exporters Confederation Inc. (Philexport) president Sergio Ortiz-Luis Jr. noted the Yonsei University Automation Readiness Index 2017 indicating that low unemployment, labor productivity, income inequality and high gross domestic product (GDP) per capita are the factors affecting automation readiness.

“(These are) areas where the Philippines still needs to work on a lot. However, this does not mean that we should brush this issue aside. We must […]

The future of work will still include plenty of jobs

The future of work will still include plenty of jobs

Canada’s record has been one of modernization and transition and corresponding job obsolescence, without job scarcity Power loom weaving in a cotton mill in Lancashire, U.K., around 1835. Shutterstock (CP) — There is now widespread anxiety over the future of work, often accompanied by calls for a basic income to protect those displaced by automation and other technological changes.

As a labour economist, I am in favour of more efficient redistributive taxation through the application of refundable tax credits, which amounts to an income-tested basic income or negative income tax.

But I am more skeptical about the spectre of a future […]

The future of work will still include plenty of jobs

The future of work will still include plenty of jobs

Canada’s record has been one of modernization and transition and corresponding job obsolescence, without job scarcity Power loom weaving in a cotton mill in Lancashire, U.K., around 1835. Shutterstock (CP) — There is now widespread anxiety over the future of work, often accompanied by calls for a basic income to protect those displaced by automation and other technological changes.

As a labour economist, I am in favour of more efficient redistributive taxation through the application of refundable tax credits, which amounts to an income-tested basic income or negative income tax.

But I am more skeptical about the spectre of a future […]

Mckinsey global institute automation

McKinsey & Company | 1 Digitization of everything . Worlds Fair Nano is a future festival that aims to connect people with the future Across the country, automation is changing the landscape of local labor markets. Jul 06, 2017 · The McKinsey Global Institute has conducted a research about automation technologies and their potential impact. 64% 74% 98% . McKinsey Quarterly. Apr 10, 2019 · McKinsey Global Institute (2019), Globalization in transition: The future of trade and value chains, January. . A new report from the McKinsey Global Institute (MGI) looked at 315 cities to identify the ways automation […]

China Will Live Or Die by Its Digital Economy

China Will Live Or Die by Its Digital Economy

Recent research from the International Monetary Fund highlights just how important this growth driver has become in recent years—and how critical keeping up the momentum is for the nation’s prospects.

Technological innovation is key to all economies, but the fate of China’s high-productivity IT sector has taken on outsize importance . One reason is the government’s failure in recent years—partly for ideological reasons—to make many key reforms which could boost the productivity of the rest of the economy and keep growth chugging along.

Created with Highcharts 6.0.4Worker’s Paradise?Chinese gross domestic product and laborproductivity, change from a year earlierChinese gross domestic product […]

Why robots will soon be picking soft fruits and salad

Why robots will soon be picking soft fruits and salad

The Vegebot uses machine learning to identify ripe, immature and diseased lettuce heads. (CNN photo) Fruit picking robots like this one, developed by Fieldwork Robotics, operate for more than 20 hours a day. (CNN photo) LONDON (CNN Business) — It takes a certain nimbleness to pick a strawberry or a salad. While crops like wheat and potatoes have been harvested mechanically for decades, many fruits and vegetables have proved resistant to automation. They are too easily bruised, or too hard for heavy farm machinery to locate.

But recently, technological developments and advances in machine learning have led to successful trials […]

Automation And The Crisis Of Work

Automation And The Crisis Of Work

Technology, like natural selection, has no goal.

When it comes to the impact of automation (robots, AI, etc.) on jobs, there are two schools of thought: one holds that technology has always created more and better jobs than it destroys, and this will continue to be the case.

The other holds that the current wave of automation will destroy far more jobs than it creates, but the solution is to tax the robots and use these revenues to distribute the wealth to everyone who no longer has a livelihood. In either case, we’ll get richer: if […]