Category: Automation Impact on Jobs

Impact of AI on Jobs: 1.8 Million to be Eliminated, 2.3 Million to be Created

Impact of AI on Jobs: 1.8 Million to be Eliminated, 2.3 Million to be Created

We are still in dilemma with Artificial Intelligence ( AI ) with myths like it can replace humans. However, we know it’s a machine with intelligence that can simulate human cognitive function.

The future of AI would be bringing automation, reducing human efforts and enhancing productivity, intelligent decision making, etc. We can also expect AI ( What to expect ) to bring empowerment to smart cities, driverless cars, and many other activities.

The education industry has been utilising AI to automate the education process, ( How online education is leveraging AI ) helping both students and teachers in gaining the most […]

Spotlight: Time to prepare workers for future as fourth industrialization beckons

LONDON, April 11 (Xinhua) — Humans will be further liberated from strenuous and monotonous labor thanks to the development of robotics, artificial intelligence (AI), big data and other technologies that lead to the fourth industrial revolution.

Industry and technology leaders have realized it is high time that businesses and universities prepare workers for the future in an innovative way.

FAREWELL TO STRENUOUS, REPETITIVE WORKThe Industry 4.0 Summit and Expo, the UK’s largest event for the fourth industrial revolution, running from Wednesday to Thursday in Manchester, attracted start-ups, manufacturing companies, universities and other institutions that are involved in development and application of […]

AI could disrupt workforce in every sector by 2030, Brookfield report finds

AI could disrupt workforce in every sector by 2030, Brookfield report finds

Within the next 10 to 15 years, the Canadian workforce could face complex forces ranging from automation to digitalization, as technology begins to progressively assimilate into daily life. As part of its Employment in 2030 project, a new report by the Brookfield Institute for Innovation and Entrepreneurship explored the various trends compelling these big changes in Canada’s workforce. “Imagining possible futures can allow us to anticipate and plan more effectively for what’s to come.” The Turn and Face the Strange report used strategic foresight research methods to answer the broader “what if” questions that surround the future of employment […]

Job automation risk, economic structure and trade: a European perspective

Neil Foster-McGregor, Önder Nomaler & Bart Verspagen

#2019-011

Recent studies report that technological developments in machine learning and artificial intelligence present a significant risk to jobs in advanced countries. We re-estimate automation risk at the job level, finding sectoral employment structure to be key in determining automation risk at the country level. At the country level, we find a negative relationship between automation risk and labour productivity. We then analyse the role of trade as a factor leading to structural changes and consider the effect of trade on aggregate automation risk by comparing automation risk between a hypothetical autarky and […]

Energy, employment and economic growth: Kemp

Energy, employment and economic growth: Kemp

LONDON (Reuters) – Policymakers in the advanced economies are increasingly worried by the economic, social and political disruption resulting from the decline of traditional manual jobs in manufacturing, mining and distribution. FILE PHOTO: Job seekers wait to speak with staff at a National Agency for Employment (Pole Emploi) office in Aubervilliers, near Paris, France, December 20, 2017. REUTERS/Benoit Tessier/File Photo

Globalization, trade, migration, the rise of the internet, and the advent of artificial intelligence/robotization have all been blamed for the adverse impact on those who make a living from manual labor.

In reality, the loss of manual employment is the extension […]

Energy, employment and economic growth

Energy, employment and economic growth

Reuters (The opinions expressed here are those of the author, a columnist for Reuters.)

LONDON, April 11 (Reuters) – Policymakers in the advanced economies are increasingly worried by the economic, social and political disruption resulting from the decline of traditional manual jobs in manufacturing, mining and distribution.

In reality, the loss of manual employment is the extension of a trend dating back more than 200 years that has gradually replaced physical jobs in agriculture, mining and manufacturing with service sector employment.Relatively rapid change in employment, energy consumption and industrial patterns has been both the stimulus to, and the consequence of, economic […]

Energy, employment and economic growth: Kemp

Energy, employment and economic growth: Kemp

LONDON (Reuters) – Policymakers in the advanced economies are increasingly worried by the economic, social and political disruption resulting from the decline of traditional manual jobs in manufacturing, mining and distribution. FILE PHOTO: Job seekers wait to speak with staff at a National Agency for Employment (Pole Emploi) office in Aubervilliers, near Paris, France, December 20, 2017. REUTERS/Benoit Tessier/File Photo

Globalization, trade, migration, the rise of the internet, and the advent of artificial intelligence/robotization have all been blamed for the adverse impact on those who make a living from manual labor.

In reality, the loss of manual employment is the extension […]

AI and the future of work: Main changes to expect in the next years

AI and the future of work: Main changes to expect in the next years

Artificial Intelligence (AI) is here to stay, and many people are not happy. After all, it is hard to embrace something that could displace about 40 per cent of human jobs in the next 15 years. In an interview for CBS’s 60 minutes, Kai-Fu Lee (a Chinese AI expert) also mentioned truck drivers, chauffeurs, waiters, and chefs as some of the professions that will be disrupted.

That right there must have hit a nerve. However, everything is about to change because this article highlights some of the reasons you should not fear AI. And even if you were to ask […]

Opinion: PepsiCo’s massive, painful restructuring is actually a sign of strength

Opinion: PepsiCo’s massive, painful restructuring is actually a sign of strength

PepsiCo is being heavily criticized for its plans to spend $2.5 billion to restructure the company and pursue automation in certain procedures, resulting in a large, undisclosed number of layoffs among its 250,000-plus employees.

PepsiCo’s PEP, -0.11% layoffs would be better perceived if they were “justified” in some way — if the company were operating at a loss, for example, and needed to decrease its workforce to compensate. Not only is that the wrong way to look at businesses as they grow and evolve, but this mode of thinking perpetuates the false notion that layoffs and innovation are inherently bad.

That […]

We need a big bet on technology literacy and education to move America forward

We need a big bet on technology literacy and education to move America forward

Will technology take over our jobs, destabilize our society and democracy? Or can we leverage technology to amplify human purpose and potential?

Technology has created a strange new world. Cats playing piano can now get more attention than political leaders — perhaps deservedly. Artificial intelligence can now generate chillingly compelling “ fake news .” Police are having trouble pulling over Teslas whose drivers are sleeping .

But these effects are small compared with what I believe are the central questions of our time: Will all this accelerating technology — which will generate incredible productivity and wealth — also cause labor […]