Category: Automation Impact on Jobs

New Innovations in Job Market Development in Greece

New Innovations in Job Market Development in Greece

Innovative Trends in Employment Opportunities : The job market in Greece is experiencing a significant transformation with a focus on new and emerging sectors. Industries such as electricity (+31%) and information technology and communications (24%) are becoming the most promising fields for future employment. Moreover, traditional professions like healthcare and hospitality are evolving to adapt to changing demands.

Changing Workforce Dynamics : Businesses are seeking specialized technical support engineers to stay updated on technological advancements. Personalized customer experiences and digitalization are driving the need for customer service specialists and digital business consultants. These roles are crucial for enhancing a […]

The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment

The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment

(pp. 1488–1542) Article Information

Abstract

We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor share, and may even reduce wages, while the creation of new tasks has the opposite effects. Our full model endogenizes capital accumulation and the direction of research toward automation and the creation of new tasks. […]

Income-Centric Animated Comedies

Income-Centric Animated Comedies

Universal Basic Guys Follows Two Characters Earning 3k Monthly

References: community.designtaxi

Share on Facebook Share on Twitter Share on LinkedIn Share on Pinterest Fox presents a look at its latest animated series dubbed Universal Basic Guys which is inspired by the recent topic of the Universal Basi Income. It is written with a sitcom humor and follows two brothers: Mark and Hank Hoagie. The two worked a job at the hot dog factory and their lives were changed when they were replaced by automation.When they became unemployed, they participants in a pilot program that offered $3000 monthly income. […]

AI: The hype Is strong with this one

AI: The hype Is strong with this one

Recently, while waiting for a flight, I was sitting next to someone who was calling several companies he was doing business with – his bank, his health insurance provider, and some others.

In every case the call was answered by a chatbot.

But in every case he also did whatever he had to do to get past it and talk to an actual human being. So much for the promise of AI, I thought! What can AI do? As anyone who has ever phoned up companies, to hear the expression “ In a few words tell me what you’re looking […]

Why Technology Creates More Jobs

Why Technology Creates More Jobs

Why Technology Creates More Jobs

The Paradox of Automation: How Innovation Fuels Employment Growth

Mohammed Arshad · Follow 3 min read·6 hours ago In the modern narrative of technological advancement, there’s a prevalent fear that automation and digitalization will lead to a mass displacement of jobs. However, the reality is often the opposite: technology tends to create more opportunities than it eliminates. This article delves into the multifaceted ways technology spurs job creation and explores how businesses and individuals can harness these opportunities. 1. Direct Job Creation in Tech Sectors As technology evolves, new industries and sectors emerge, […]

AI proves job-friendly, robots not so much, new research shows

AI proves job-friendly, robots not so much, new research shows

Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken on Feb. 19, 2024./Reuters Yonhap News A recent study has shown that while the introduction of robots in companies leads to a reduction in employment, the adoption of AI actually creates new jobs. This finding contradicts the common belief that automation through AI replaces human jobs.

Jung Sora, a doctoral student, and Professor Sung Nak-il from the University of Seoul published these findings in the July 2 issue of the Bank of Korea’s Economic Research Institute’s journal ‘Economic Analysis.’ Their paper, […]

Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy

Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy

The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said Tuesday (July 2).

Speaking during a panel discussion at the European Central Bank ’s Forum on Central Banking in Portugal, Powell said that the massive investments being made in AI suggest “a sense of something big coming here,” Seeking Alpha reported Tuesday.

It’s too early to tell whether the adoption of this technology will eliminate jobs, augment existing jobs or create new ones, Powell said, according to the report.“There’s not a lot a central bank can […]

Calif. bill would take steps to ensure AI models won’t cause catastrophic events

A MARTÍNEZ, HOST:

California, where the tech industry is paying close attention to newly proposed AI legislation. The bill says large companies that develop artificial intelligence must take reasonable steps to ensure their AI models can’t cause catastrophic events. So think biological warfare or mass casualties. Now, some AI developers say the bill is an overreach that could stifle innovation. Others in the field say the potential risks of AI need to be taken seriously. The bill’s author is California State Senator Scott Wiener. And I asked him what his bill is meant to do.

SCOTT WIENER: This is a really […]

Teach the skills required for a future we can’t yet imagine

Teach the skills required for a future we can’t yet imagine

We’re living through a fourth industrial revolution, characterised by technological advancements in areas such as robotics, artificial intelligence and machine learning. While this inspires hope in future prosperity, the pace of invention means we can’t even imagine what jobs will make up most of the workforce in a generation from now. Engaging students with careers resources early and often

Struggle, strength and growth: preparing students for the changing future

Preparing students for an uncertain future through career planning About 65 per cent of current primary school pupils will be employed in jobs that don’t exist today, […]

Billionaire Investor Ken Griffin Contradicts Elon Musk, Says ‘Not Convinced’ AI Will Replace Human Jobs Anytime Soon: LLMs Have ‘No Idea What To Do’

Billionaire Investor Ken Griffin Contradicts Elon Musk, Says 'Not Convinced' AI Will Replace Human Jobs Anytime Soon: LLMs Have 'No Idea What To Do'

The founder and CEO of Citadel , Ken Griffin , expressed skepticism about the imminent replacement of human jobs by artificial intelligence, contradicting Tesla Inc. CEO Elon Musk .

What Happened : Billionaire investor Griffin shared his reservations about the future of AI at an event for Citadel’s new class of interns in New York. He questioned the potential of large language models and other AI tools to fully replicate human tasks within the next three years, reported CNBC on Monday.

"Some are convinced that within three years almost everything we do as humans will be done in one form […]