Category: Automation Impact on Jobs

Automation wage crunch: Tight labor market won’t mean higher wages for many

Automation wage crunch: Tight labor market won't mean higher wages for many

What do you do if your business requires a flexible workforce to meet seasonal demand but there are few workers available in a tight labor market?

If you’re a prospective employee, you would hope the answer would be raise wages to stay competitive.

Indeed, that’s traditionally been the response from employers when a surging economy brings prosperity and creates demand for workers. That engine has helped wages rise ahead of inflation during the good years.But for those on the lowest rung of the employment ladder, the engine is showing signs of seizing.I caught wind of a good example of this the […]

Shashi Tharoor Says AI Will Take Away Jobs From Humans

Shashi Tharoor Says AI Will Take Away Jobs From Humans

File photo of Congress MP Shashi Tharoor The man who made the entire nation scamper about to reach their devices to search the word “ farrago ” has said that jobs in India are in danger due to artificial intelligence. Speaking on the third day at Jain International Trade Organisation (JITO) conclave in Chennai, Congress MP Shashi Tharoor spoke about the negative effects of using artificial intelligence.

“Artificial intelligence is also making inroads into jobs like medical transcription. A World Bank report points out that 69 percent of Indian jobs would be taken away by robots,” said Tharoor. “In the […]

Automation and Wealth Inequality in the Next Few Decades

07, 2018 (GLOBE NEWSWIRE) — A perfect storm is brewing for global businesses: the combination of aging populations, the adoption of new automation technologies and rising inequality could collide to trigger a disruption far greater than the world has experienced over the past 60 May 1, 2016 work over the next decades. The gap between the rich and poor has grown over the last few decades, but it became increasingly pronounced after the 2008 financial crisis. While economists debate the extent to which technology plays a role in global inequality, most agree that tech Dec 6, 2016 Automation will, […]

Young Engineers of the Puget Sound Need STEM Education

At e² Young Engineers , we care about STEM education, two words that are shaping the future. STEM (Science, Technology, Engineering, and Mathematics) is a buzzword in teacher training, PTA meetings, political discussions about the future of education, and even on television. James Brown, the executive director of the STEM Education Coalition in Washington, D.C. has said that the future of the economy is in STEM- that’s where the jobs of tomorrow will be. The US Department of Commerce has reported that STEM occupations are growing 17%, while non-STEM occupations are growing at 9.8%. The Robots Are Coming

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AI Dominates PM Modi’s ‘Mann Ki Baat’ Talk Show This Month

AI Dominates PM Modi’s ‘Mann Ki Baat’ Talk Show This Month

Prime Minister Narendra Modi’s monthly address ‘Mann Ki Baat’ on Sunday held a whole bunch of surprises for the new tech community, because the PM specifically spoke about the use of machines that Advertisement Opening his address by referring to noted Indian scientist and Nobel Prize winner Sir CV Raman, PM Modi reiterated his earlier remarks about science being “neutral” , that is possessing the power which humans chose to give it. He also added that the machines were getting smarter through self learning and urged researchers to make use of artificial intelligence to make the lives of the […]

Race Against The Machine: The Analog And Digital Transformation Of Work

One of this week’s milestones in the history of technology sets the tone to two centuries of debating the impact of machines and artificial intelligence on human work and welfare.

On February 27, 1812, Lord Byron gave his first address as a member of the House of Lords in a parliamentary debate on the Frame Breaking Act which made destroying or damaging lace-machines (stocking frames) a crime punishable by death.

Criticizing the proposed legislation advanced by the government in response to textile workers protesting the industrialization and mechanization of their craft, Byron told his peers : The rejected workmen, in the […]

Automation spurred by skilled worker shortage, business experts say

By RILEY MURDOCK
Capital News Service

LANSING — “I just bought a million-dollar robot, and it’s replacing 32 people and it never calls in sick.”
This is what a Michigan business owner recently told Rob Fowler, president and CEO of the Small Business Association of Michigan.As technology improves by leaps and bounds, automation is increasingly replacing human labor to make things in Michigan. The implications of automation are enormous, even changing the nature and definition of “work.”“It’s sort of moving from making stuff with our hands to running machinery and equipment that makes stuff, to managing and repairing and […]

The Future of Work is History

The Future of Work is History

When imagining the future of work, one’s mind might wander to a scene right out of a science fiction movie. Flying cars, autonomous robots, or computerized cities may even cross the mind. But with every prediction, we ought to use the past to understand and evaluate the present and even the not-so-distant future. Using the past to guide the future allows society to prepare for the anticipated impact of change, be it to individuals, or entire communities.

Today’s innovation in the field of automation and progress in developing artificial intelligence has incited an atmosphere of both excitement and dread as […]

Rotterdam water service line breaks, disrupts service

Rotterdam water service line breaks, disrupts service

Photographer: Shutterstock Where did all the jobs go? Well, we’re finally starting to find some satisfactory answers to the granddaddy of all economic questions.

The share of Americans with jobs dropped 4.5 percentage points from 1999 to 2016 – amounting to about 6.8 million fewer workers in 2016.

Between 50 and 70 percent of that decline probably was due to an aging population. Explaining the remainder has been the inspiration for much of the economic research published after the Great Recession.Economists and politicians have pointed at immigration, China, video games, robots, opioids, universities, working spouses – everything up to and including […]

Does technology equal doomsday for jobs?

Does technology equal doomsday for jobs?

Will automation destroy work? The debate on this question has become polarized. Doomsayers think the answer is “yes.” Techno-optimists claim that because past technological change has increased the demand for labor and wages, this time won’t be any different.

This polarization notwithstanding, to formulate effective policy it is important to think clearly about the impact of automation on work.

The economists Daron Acemoglu and Pascual Restrepo agree with the doomsayers that automation will replace workers in tasks that they previously performed. They call this the displacement effect. This effect decouples wages and output per worker and results in a decline in […]