Category: Automation Impact on Jobs

How AI automation could boost employment: The role of demand

How AI automation could boost employment: The role of demand

Industrial Automation Technologies that automate labour tasks do not necessarily increase unemployment. Despite widespread concerns that Artificial Intelligence (AI) will displace workers en masse , there are periods of history where productivity-enhancing technologies have actually increased employment in the affected industries. This runs counter to the simplistic notion that ‘automation causes job losses’ in the industries experiencing automation.

So, why does automation lead to employment growth in some industries at particular times, while leading to job losses at other times and in other industries?

James Bessen , an Economist from Boston University, argues that it has to do with how […]

Suffolk Limited: Could automation solve the biggest problems facing Suffolk’s leading companies?

Suffolk Limited: Could automation solve the biggest problems facing Suffolk’s leading companies?

A Self driving vehicle allows you to read a printed magazine. Picture: Getty Images/iStockphoto. A study released today showing Suffolk’s top 100 most successful businesses paints a positive picture of healthy growth for the county’s leading businesses. But the architects of the Suffolk Limited report say that some big changes could be on the horizon, thanks to the new technologies that the world is embracing.

Jonathan Agar of Birketts, left, and Rob Thomson of Grant Thornton at the Suffolk Limited event 2017. Picture: Carl Middleditch, Bushfire Photograph While Brexit is the most pressing issue on many businesspeople’s minds, the […]

AI won’t destroy jobs it will transform them

AI won’t destroy jobs it will transform them

The chorus of voices claiming that AI won’t destroy jobs is getting louder There seems to be two sides to the ‘robots won’t take jobs’ argument. One side suggests that robots and other automation tools will enable workers to focus more on the aspects of their job that requires more human skills — such as the ability to engage with customers. The other side argues that AI, robotics process automation and robotics will create new jobs. When Carl Benedikt Frey and Michael Osborne, from Oxford University, published their infamous Future of Employment report , they disturbed one very large […]

Robots to replace some 800mn workers globally by 2030: Study

Robots to replace some 800mn workers globally by 2030: Study

DUBAI —

For the first time, a robot will initiate the proceedings at HITEC Dubai 2018, the Middle East’s largest hospitality technology exhibition and conference taking place at the Madinat Jumeirah Dubai on Dec. 5-6, 2018. Taking center stage at the show will be a Promobot, an intelligent humanoid robot.

Frank Wolfe CAE, CEO of HFTP, said “hospitality robots are clearly at a tipping point. They’re now cost-effective to build, are attaining cultural acceptance, and use sophisticated technology to safely live and work among us. We are delighted to have a robot leading the conference at HITEC Dubai.”Amro Kamel, the group […]

Automation nation

Automation nation

Drawing by Jim Barber for the Highland Community News I walked into the McDonald’s on Base Line a few days ago, a rare occasion for me. Not that I disdain fast food, although I went for 14 months without it before coming out of retirement to work for the Century Group.

It’s that I always do the drive-thru. However, the driver’s side electric window is busted and I’ve been too busy — or lazy or cheap — to fix it.

So I walk in and see machines where you can punch a few buttons to order your food. It was 6 […]

Estimates of job loss due to automation miss one big factor

Predicting the scale of AI-induced job losses has become a cottage industry for economists and consulting firms the world over. Depending on which model one uses, estimates range from terrifying to totally not a problem.

Since 2013, the most cited predictions include a study from Oxford University that predicted 47% of US jobs could be automated within the next decade or two; an Organization for Economic Cooperation and Development (OECD) report that suggested just 9% of jobs in the United States were at high risk of automation; PwC research that found 38% of jobs in the United States were at […]

Half of Aussies not convinced automation is good

Half of Aussies not convinced automation is good

The research, conducted by Nature on behalf of SEEK, found that less than half of Australians view automation and artificial intelligence (AI) as being “probably a good thing” (48 per cent and 46 per cent, respectively).

Of those that do, the main benefits were identified as increased efficiencies (47 per cent), less repetitiveness (46 per cent) and freeing up people’s time (35 per cent).

Surprisingly, it was not just younger adults who are more receptive to these technologies and more positive about their impacts: Baby Boomers (those aged 55 to 64 years), combined with Generation Z (those aged 18 to 24) […]

Click Here For The Brave New World Of Work

Click Here For The Brave New World Of Work

Steve Coulter Paul Romer , this year’s economics Nobel laureate, famously remarked that the effects of the IT revolution were showing up everywhere except in the productivity statistics. Other economists suggested that full exploitation of a new technology can take a long time, perhaps decades. Well, one area now clearly showing the impact of IT and automation is the labour market.

Technology is transforming the world of work, but social democrats and others appear unsure how to respond. Progressives embrace change but want technology to benefit the many and not just the few who develop, own or exploit it. Trade […]

To fix the unemployment problem, India must strengthen the manufacturing sector

To fix the unemployment problem, India must strengthen the manufacturing sector

The rapid service-led growth experience over the last decade has led credence to the belief that not only has India leapfrogged the phase of manufacturing-led development and set out its own idiosyncratic path of structural transformation, but also that the idea of manufacturing-led growth is obsolete. This could not be further from the truth The Labour Bureau’s last household survey (2015-16) reports India’s unemployment rate at 3.6% (by the Usual Principal Subsidiary Status definition), a figure lower than that of several advanced economies. So why are jobs such a hot button issue?

Dig a bit deeper and startling facts emerge. […]

CIO 100: Should we be fearful of machines taking our jobs?

CIO 100: Should we be fearful of machines taking our jobs?

These days, technological advancements are always taking place, this is a good thing as it makes our lives easier, but the advancements are also a double edged sword in the sense that people live in constant fear that their jobs could be taken by the very machines that are said to be helping them. This topic is set to be discussed during the CIO 100 Symposium and Awards to be held at the Enashipai Resort in, Naivasha Kenya from the 29th-30th of November.

Click here to register and attend the upcoming CIO 100 Annual Symposium and Award

Findings of […]