Category: Automation Impact on Jobs

Automation and employment

Automation and employment

Everywhere you turn, tasks traditionally being performed by humans are now the target of computerized automation.

It is our view this is not good at all. In fact, we think it is a disaster in the making, especially for people who do not have advanced education degrees or technical/trade expertise for the jobs of the future.

We know we risk being called Luddites this Sunday morning. A luddite is a person who dislikes technology, and the origins of the term are believed to be a reference to individuals in the 1800s who opposed technology in the textile industry and destroyed weaving […]

Study Says Trump Tariffs Create 20 New U.S. Jobs for Every One Lost

Study Says Trump Tariffs Create 20 New U.S. Jobs for Every One Lost

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Pin It Share Email Print Late-night news comic John Oliver recently gave a 20-minute talk about President Donald Trump’s use of tariffs. As always, he was very funny, but he made a few mistakes in his analysis of trade.The Coalition for a Prosperous America (CPA) would like to help provide a better understanding of the issue. To start with, Oliver said that Americans will pay for the tariffs imposed by the president. That’s not actually true. In fact, it’s basic economics that every tax is paid partly by the producer and […]

Robots ‘could make 400,000 West Yorkshire jobs obsolete in 20 years’, says report

Robots 'could make 400,000 West Yorkshire jobs obsolete in 20 years', says report

The study suggested the changes will not necessarily mean a loss of jobs overall, but warned inequality could get worse. Robots and automated technology threaten to make more than a third of jobs in West Yorkshire obsolete within 20 years, a report has warned.

The West Yorkshire Combined Authority study said more than 400,000 jobs in the region are at risk, with low-skilled and manual work potentially worst affected by automation.

The study suggested the changes will not necessarily mean a loss of jobs overall, but warned inequality could get worse as “lower paid workers (are) likely to be […]

Troy Reimink: Working too much, too hard, for too little

Troy Reimink: Working too much, too hard, for too little

The comedian Doug Stanhope has a great rant about jobs — specifically, why do we need to have them? Why do politicians talk endlessly about creating them and why do people take pride in spending their lives doing them even if they actually hate them? He says, "Shouldn’t the long-term goal of any society be complete UN-employment?"

This is, of course, an unconventional thought. Stanhope’s point is that as automation and efficiency expand, the resulting elimination of jobs is a good thing. In fact, the entire point of technological progress should be to make our lives easier, less full of […]

The creative approach to the labour crunch

The creative approach to the labour crunch

Philip P. Today’s business leaders are faced with a landscape that’s unlike any they’ve likely encountered in their lifetimes. No matter where you look, labour markets are tighter than they’ve ever been , driving a fierce competition for skilled job candidates in almost every industry. At the same time, the pace of technological change and rapidly aging populations are causing an explosion in demand for labour in several sectors at the same time – leading to some pretty severe skill shortages.

To the untrained eye, these factors appear to be a perfect storm of sorts; the kind of thing that […]

AI to spur global economic growth- report

AI to spur global economic growth- report

Artificial intelligence (AI) could add $13 trillion to worldwide economic output by 2030, equivalent to about 1.2 per cent of additional GDP growth a year, according to a new report. The study by McKinsey Global Institute has predicted that about 70% of companies would implement some form of AI by the end of the next decade, with frontrunners set to reap a large financial benefit.

Early adopters of the technology could double their cashflow, with laggards suffering a 20 per cent decline.

Overall, AI could deliver $13 trillion in additional global economic activity by 2030, putting its contributions to growth on […]

Exclusive Q&A: Which Retail Jobs Are Safe From A Robot Takeover? Featured

Exclusive Q&A: Which Retail Jobs Are Safe From A Robot Takeover? Featured

Retail, hospitality and other service-oriented industries have been seen as relatively immune to the job-killing effects of robotics, automation and AI. But as these technologies grow more sophisticated, retail’s resistance is weakening. Futurist Martin Ford, author of Rise Of The Robots: Technology And The Threat Of A Jobless Future , notes that robots are already reducing (or eliminating) the number of humans needed to do many jobs, including:

• Warehouse work;
• Checking in-store inventory;
• Providing customer service; and • Staffing points of sale.In an exclusive interview with Retail TouchPoints , Ford identifies the advances in robotics and AI […]

Study: IT job growth is 8x that of all other job types

Study: IT job growth is 8x that of all other job types

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IT jobs are growing eight times faster than all other jobs, according to a new study from the Massachusetts Institute of Technology (MIT) and the University of British Columbia (UBC). The slowdown in employment and wage gains that affect most jobs has not impacted IT careers, the survey found. Researchers said IT and IT-intensive tasks in areas like big data, computer software and cybersecurity provide workers with long-term financial security.

MIT and UBC researchers said that the share of IT-intensive occupations increased significantly during the past two decades, with a growth of 19.5% between 2004 and 2017. […]

60% Of Jobs Will Be Automated In Next 20 Years, Says St. Louis Fed

60% Of Jobs Will Be Automated In Next 20 Years, Says St. Louis Fed

Please consider 60% of District’s Jobs Could Face Automation in the Next 20 Years . Advances in technology are almost always considered positive because they increase productivity and ease frustration of completing simple, menial tasks. However, technological improvement does not come without cost; some tech advancements can result in the automation of jobs that used to be performed by humans.

Currently, automation is occurring more in service and manufacturing positions. It is one factor that contributes to labor market polarization, or the disappearance of middle-income, routine task type jobs in the U.S. Despite a strong labor market, fear of job […]

How great a risk is the rise of machines to rural jobs?

Central Queensland-based agricultural technology pioneer, SwarmFarm Robotics, is preparing to start commercial production of its “SwarmBot” mini driverless tractors. Job automation is fast becoming a reality across the economy of developed nations, and rural Australia is no exception. But job loss forecasts may not be as dire as previously predicted.

That’s according to the Job Vulnerability in Australia report, released today by the Regional Australia Institute.

“Our latest research shows that 22pc of jobs nationally are highly vulnerable to automation, which is considerably less than previous forecasts of 44pc,” RAI chief executive Jack Archer said.Automation can include everything from new software […]