Category: Automation Impact on Jobs

AI, automation unlikely to lead to mass unemployment

AI, automation unlikely to lead to mass unemployment

Despite dire predictions, history and demographics suggest that burgeoning technologies (including automation, artificial intelligence and robotization) will not lead to substantial job losses, finds a new essay series released today by Vancouver-based Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “While some believe the rise of artificial intelligence and other technologies will lead to massive unemployment, the effect will likely resemble past experiences with other new technologies—new jobs will emerge as businesses and workers adapt,” said Steven Globerman, Fraser Institute senior fellow, contributing editor and author of the essay Artificial Intelligence and Employment: Will History Repeat?

A separate […]

Technology, Automation, and Employment: Will this Time be Different?

Technology, Automation, and Employment: Will this Time be Different?

Technology, Automation, and Employment Western societies have exhibited a continuing worry that automation, particularly automation associated with artificial intelligence, will lead to massive unemployment and the impoverishment of large segments of society. In different epochs, technological change has triggered concerns and social protests. Those concerns date back to the early stages of the industrial revolution and the use of coal-fired weaving machines to automate textile manufacturing, and they continue through to the present-day and adoption of computerized algorithms that “learn” how to automate tasks through the use of data-driven “machine learning.”

In fact, the history of automation affirms that concerns […]

Fraser Institute News Release: Artificial intelligence and other technological advancements unlikely to lead to mass unemployment

VANCOUVER, British Columbia, July 09, 2019 (GLOBE NEWSWIRE) — Despite dire predictions, history and demographics suggest that burgeoning technologies (including automation, artificial intelligence and robotization) will not lead to substantial job losses, finds a new essay series released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

“While some believe the rise of artificial intelligence and other technologies will lead to massive unemployment, the effect will likely resemble past experiences with other new technologies—new jobs will emerge as businesses and workers adapt,” said Steven Globerman, Fraser Institute senior fellow, contributing editor and author of the essay Artificial […]

Automation Continues to Reshape the Face of Work

Automation Continues to Reshape the Face of Work

It seems almost every day we are presented with more evidence that automation is having profound consequences on the nature of work in America—in expected and unexpected ways.

In a report issued at the end of June by Oxford Economics, researchers estimated that up to 20 million manufacturing jobs could be replaced by robots—roughly 8.5% of the global manufacturing workforce. As detailed in the report, the use of robots worldwide has tripled over the last 20 years to 2.25 million machines—but the global stock of robots in industry has more than doubled since 2010, and roughly one-third of the robots […]

Artificial Intelligence New Hopes- Automation & Employment Jobs| Myth on Losing Jobs due to AI

Artificial Intelligence New Hopes- Automation & Employment Jobs| Myth on Losing Jobs due to AI

I base this with the U.S. and may or may not apply to other countries.

This is the flaw. Top 4 industries are transportation, office work, food service, and retail. Collectively they make up nearly 40% of the workforce. The overall educational attainment rate shows that about an average of 30% of the population has obtained a bachelor’s degree or higher. Computer Science degrees only make up a fraction of this.

Job retraining programs are ineffective as only about 10% of those who enter are able to obtain future employment based on those programs. Yet these jobs posted in […]

It’s Not Robots That Hurt Workers

It’s Not Robots That Hurt Workers

(Photo by JOHN MACDOUGALL/AFP/Getty Images) Education is the job-killer lurking beneath the economy’s surface. Consider an exemplary employer making major investments in training for each of his 100 workers, even covering tuition for those who might benefit from technical courses at a local college. Say the investments have incredible returns, too—by the end of the year, each worker is twice as productive and 50 can do the work that last year required 100. That means 50 jobs have been destroyed.

Does that sound nonsensical? It should. Yet change “education” to “automation” or “technology” and you have the conventional wisdom that […]

Ethics and automation: What to do when workers are displaced

Ethics and automation: What to do when workers are displaced

As companies embrace automation and artificial intelligence, some jobs will be created or enhanced, but many more are likely to go away. What obligation do organizations have to displaced workers in such situations? Is there an ethical way for business leaders to usher their workforces through digital disruption?

Researchers wrestled with those questions recently at MIT Technology Review’s EmTech Next conference . Their conclusion: Company leaders need to better understand the negative repercussions of the technologies they adopt and commit to building systems that drive economic growth and social cohesion.

Pramod Khargonekar, vice chancellor for research at University of California, Irvine, […]

Feeling FANG FOMO? RAAI Could Be the Next Big Thing

Feeling FANG FOMO? RAAI Could Be the Next Big Thing

Bill Studebaker, CIO of ROBO Global, the creator of the world’s first robotics and automation ETF ( ROBO – Get Report ) , says FANG is yesterday’s trade and the next big thing is in robotics, automation, and artificial intelligence, or RAAI.

"In a world where growth becomes starved, people are going to put their hands in their pocket. Capital spending will dry up inevitably and then people have to do what? Get back to managing their business," he explained. "That’s improving productivity, cutting costs, generating growth. That’s automation. In a world where growth is abundant, the only way to […]

Automation Strategy Document Template Testing Mckinsey Test Templa

Automation Strategy Document Template Testing Mckinsey Test Templa

McKinsey: AI, jobs, and workforce automation | ZDNet

McKinsey: AI, jobs, and workforce automation | ZDNet Automation Could Eliminate 73 Million U.S. Jobs By 2030 [Infographic]

McKinsey reveals skills needed to survive automation Half of paid work can be automated: McKinsey report, Economy News … Automation potential and wages for US jobs [McKinsey Global Institute] Automation And Your Career: McKinsey Predicts Your Destiny The future is automated, but what does that really mean for jobs … McKinsey reveals skills needed to survive automation Next Generation Automation u2013 Frank Diana u2013 Medium McKinsey The technical potential for automation in the […]

Weekly Bot Brief on Robotic Research and Investment Review 7-5-2019

Weekly Bot Brief on Robotic Research and Investment Review 7-5-2019

Font Size:

A

A A Robotics Industry News"There is no force on earth more powerful than an idea whose time has come" -Victor Hugo Bot Index Highlights: Despite several showings of strength by five components in the abbreviated market last week, the Bot Index rose only 1% versus the S & P 500’s 1.65% increase. The broad market’s rise did not particularly help the Bot Index as 16 of the 30 components experienced declines during the week. Only two stocks, however, experienced significant reductions in shareholder value: Cognex Corp . who fell 7.37% and Faro Technologies […]