Category: Automation Impact on Jobs

AI and the Future of Work: Automation, Augmentation, and Employment

AI and the Future of Work: Automation, Augmentation, and Employment

AI and the Future of Work: Automation, Augmentation, and Employment

Sumit Kaul

· Follow 3 min read·7 hours agoArtificial Intelligence (AI) is reshaping the world of work, bringing about significant changes in how we perform tasks, make decisions, and interact with technology. While AI-driven automation can handle repetitive tasks, AI augmentation enhances human capabilities, leading to new job roles and opportunities. In this blog post, we’ll explore the impact of AI on the workplace, the balance between automation and augmentation, and how workers and organizations can adapt to these changes. We’ll also include some code examples to illustrate […]

The growing time tax of the digital global economy

The growing time tax of the digital global economy

Sun, Jul 14, 2024 page9 The rise of generative AI and other digital technologies has enabled tech companies to offload tasks from their employees to users

Despite the rapid proliferation of artificial intelligence (AI) chatbots and virtual assistants, finding an answer to a question that a company’s software is not programmed to address can be frustrating. Searching through countless options on price-comparison Web sites for the best insurance policy or airline ticket can be equally exhausting. Yet, we tend to view this “time tax” as the cost of doing business in today’s digitized global economy.

To be sure, we […]

How Automation and AI Will Transform Employment

How Automation and AI Will Transform Employment

The rapid advancement of automation and artificial intelligence (AI) technologies is poised to significantly transform the employment landscape. As machines and algorithms become increasingly capable of performing tasks traditionally done by humans, both the nature of work and the composition of the workforce are expected to undergo profound changes. While these technologies promise numerous benefits, including increased efficiency and productivity, they also raise concerns about job displacement, skill gaps, and the future of work. This article explores how automation and AI will transform employment, examining the potential impacts on various industries, the evolving skills required for the workforce, and […]

Why a proposed ‘robot tax’ could kill tech innovation, impede growth and complicate tax system

Why a proposed ‘robot tax’ could kill tech innovation, impede growth and complicate tax system

Keep taxidermists and taxmen at bay Aditya Sinha

Assistant consultant, Economic Advisory Council to PM

It’s often said that governments have a talent for taxing things. But the real jaw-dropper is when economists start cheering for more taxes. A group of economists met Nirmala Sitharaman recently for pre-budget consultations. What popped up on the agenda? The impact of AI on employment, with a proposal for a ‘ robot tax ‘ to reskill displaced workers.On the face of it, the idea sounds appealing. At its core, it’s about philosophical questions about the nature of work, economic justice and societal progress. Proponents […]

6 Ways California’s New Minimum Wage for Fast Food Workers Will Hurt Franchises — And Consumers Discover how California’s new minimum wage law is transforming the fast food industry, impacting franchise owners, employees, and the broader economy.

6 Ways California's New Minimum Wage for Fast Food Workers Will Hurt Franchises — And Consumers Discover how California's new minimum wage law is transforming the fast food industry, impacting franchise owners, employees, and the broader economy.

Key Takeaways

The new minimum wage law significantly raises operational costs for fast food franchises, which already operate on slim profit margins.

To manage increased labor costs, many franchises are raising menu prices and reducing their workforce. In response to the wage hike, some franchises are investing in automation to reduce reliance on human labor. California’s recent legislation to increase the minimum wage for fast food workers to $20 has stirred significant debate. While the intent behind the law is to improve the livelihoods of employees in one of the state’s largest industries, it has […]

China’s Tech Leap & Its Unforeseen Future: A Peek into the Future of Tech

China's Tech Leap & Its Unforeseen Future: A Peek into the Future of Tech

China’s Tech Leap Future Glimpse Opening of a 24/7 robot factory in China raises several important issues and is a remarkable development. This innovative factory runs entirely on its own, using advanced robots and artificial intelligence to oversee production operations without the need for human participation. This signals a turning point in the manufacturing industry. The topic that needs to be addressed is how humanity will fare if robots handle everything in the future.

Effects on Human Race and Employment

The development of fully automated, 24/7 robot factories will immensely impact employment and the human race. Loss of employment […]

How Robotics is Enhancing Custom Apparel Production

How Robotics is Enhancing Custom Apparel Production

The fashion business is changing at a high speed, and technology has a significant role to play in this context. The most exciting development is the application of robotics in custom-made wear manufacturing.

Such a revolution not only improves the methods and accuracy in the industry but also brings out opportunities for innovations and environmentally friendly solutions.

The t-shirt printing industry has undergone drastic changes through the implementation of robotic technologies and has set higher and more professional standards in printing. The Integration of Robotics in Apparel Production Automated sewing in creating custom garments is not a concept for the future; […]

Concerns Arise Over Job Market as Xiaomi Unveils AI-Powered ‘Dark Factory’ with ability to operate 24/7 without human workers

Concerns Arise Over Job Market as Xiaomi Unveils AI-Powered ‘Dark Factory’ with ability to operate 24/7 without human workers

Xiaomi CEO Lei Jun has announced the imminent operation of a new generation factory in Changping, Beijing, designed to produce smartphones with minimal human intervention.

The facility, described as a “dark factory,” is set to revolutionize manufacturing with its ability to operate 24/7 without any human workers.

This highly automated plant will use advanced robotics and AI to manage the entire production process. The factory’s machines are not only capable of continuous operation but can also collaborate, ensuring seamless and efficient production. It boasts an impressive capability to produce one smartphone every second, theoretically reaching an annual production capacity of 31.5 […]

What Past Waves of Automation Can Teach Us About AI

What Past Waves of Automation Can Teach Us About AI

Policymakers and the public are grappling with the rise of artificial intelligence and its potential impacts on workers. Some fear massive job losses from automation while others argue these concerns are overblown, instead highlighting the potential for new job creation. Debates and anxiety around automation and jobs are not new and have occurred throughout history . In an essay from 1930, famed economist John Maynard Keynes stated, “We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to […]

Cities With the Most Workers at Risk of AI Job Displacement

Cities With the Most Workers at Risk of AI Job Displacement

Photo Credit: Siro46 / Shutterstock Technological advances have long transformed the way people work, but the current pace of change appears unprecedented. From the advent of personal computers in the 1970s to the introduction of the World Wide Web in the 1990s, followed by the emergence of smartphones, social media, and cloud computing in the 2000s, recent decades have seen significant shifts in how we work. And now, in the 2020s, the latest transformational force appears to be artificial intelligence (AI).

The field of AI research dates to the 1950s but has blossomed in recent years. Machine learning algorithms are […]