Category: Automation Impact on Jobs

ILR expert talks on the future of work to D.C. policymakers

ILR expert talks on the future of work to D.C. policymakers

Louis Hyman, associate professor of economic history in the ILR School, speaks to policymakers at the Rayburn House Building in Washington, D.C. Technological advancement is not new in the American economy, but it is novel that workers can achieve productivity through digital platforms outside of corporations, said Louis Hyman.

Hyman, associate professor of economic history in the ILR School and director of the Institute for Workplace Studies , spoke to policymakers in Washington, D.C., Nov. 13 in a briefing sponsored by the National History Center. The briefing focused on how technological innovation is transforming work, and how insights from the […]

World O’ Words: More philippics and jeremiads, please

World O’ Words: More philippics and jeremiads, please

Demosthenes (left) and the prophet Jeremiah: Two angry men fond of tirades. Wikipedia What we need these days, good people, are more philippics and fewer jeremiads. Or maybe it’s the other way around. Let’s examine this intriguing question.

The age we are living in seems perfectly suited to angry tirades and bitter lamentations. But then again, every age can have been defined by their philippics and jeremiads. These two forms of speeches are as old as oratory itself, as old as human language. They’ve been around as long as angry humans have been standing up in public and opening their […]

GEORGE: The Robots are coming

GEORGE: The Robots are coming

(CHRIS GEORGE / iNFOnews.ca) OPINION

Welcome to the information revolution. The utopia of automated production is upon us.

The long foreseen golden age, where people’s material needs will be served by machines, where the planet will become a garden, and each person will be free to spend their time creating great works of art and exploring their human potential.But first, the Puritan work ethic must die."What do you do?" Over the past two and a half centuries, this question has come to dominate our social relationships. The industrial revolution saw the majority of people go from being tied to the […]

Former Google China President Says AI Will Take Over Jobs Sooner Than Expected

Former Google China President Says AI Will Take Over Jobs Sooner Than Expected

An Inevitable Takeover?

There are those who believe it’s inevitable that artificial intelligence (AI) will take over many jobs currently held by human employees. In some industries, this trend has already begun, and experts have predicted we’ll see an uptick in intelligent automation over the next decade. Former Google China president Kai-Fu Lee believes the “takeover” by intelligent machines will happen even sooner.

Speaking on CNBC’ s “Squawk Box” on November 13, Lee said that half of all human jobs will be taken over by AI within the next decade, marking the fastest period of disruption in history. “AI, at […]

Old Employment Paradigm vs New Automation Era

This is a comment from another post but I thought it could be used as a post too 🙂

I’m not an expert, english is not my primary language and I’m just hoping to learn more about economy…

1º Full Employment but Less Labor Compensation and less hours:BUTANDWHY? When a company aims to increase their profits they can invest on capital to reduce labor costs, for example buying robots/algorithms and firing people. On the other hand there’s not gold linked money supply that allows a lot of new complex activities and investments making posible new companies to rise […]

Amazon, Apple, Facebook and Google are destroying jobs

We look to Silicon Valley as the beacon of progress and innovation that will not only transform our lives but keep the American economy competitive in the future. While all of that’s true, there are also inescapable downsides to the tech sector’s growth for the working class.

According to brand expert Scott Galloway, who teaches at NYU’s Stern School of Business and joined me on "Salon Talks," we’ve never seen anyone "as good at destroying jobs" than Amazon, Apple, Facebook and Google.

“If you look at technology’s focus right now, it’s mostly on artificial intelligence, stores without cashiers. It’s all about […]

Future work: why machines won’t generate mass unemployment

More than changing what jobs we do, automation is changing the way we do our jobs. AP by Andrew Charlton

Technological change has long been a source of anxiety for workers . Today, improvements in communications, robotics and machine intelligence are rekindling age-old concerns that technology will soon force millions of people out of work . But the doomsayers who claim machines will generate mass unemployment are misreading the signs.

Despite the recent spate of negative reports, the current speed at which machines are taking over human work is no faster than during past waves of technological change. The annual […]

Sleep Easy: New Workplace Tech ‘Won’t Decrease Employment’ – German Economist

Sleep Easy: New Workplace Tech 'Won't Decrease Employment' – German Economist

Annette Vorreiter decorates a dual arm robot maid by Japan’s Yaskawa Electric company during preparation of the Hanover industrial fair in Hanover, Germany, Friday, April 18, 2008 Many employees are fearful that technological advances and increasing digitalization represent a threat to their jobs; on the contrary, a German study has come to the reassuring conclusion that digitization "hasn’t decreased" unemployment and won’t do so in the near future, author Dr. Enzo Weber told Sputnik Deutschland.

The billion-dollar market in robots for industrial and service use is booming; by 2020, more than 1.7 million new industrial robots will be installed in […]

Chuka Umunna lays into “far left” plan for a universal basic income

Chuka Umunna lays into “far left” plan for a universal basic income

Chuka Umunna will today launch a lengthy attack on one of the key economic reforms demanded by supporters of Jeremy Corbyn and criticise plans put forward by the “far left”.

In a blunt speech, the former shadow business secretary will condemns proposals for a universal basic income (UBI) and say the policy represents a “counsel of despair” which would mean society is “washing its hands of responsibility the poor”.

The UBI, which aims to provide a regular sum of money to all citizens, irrespective of their financial situation, has been championed by the Green Party, as well as John McDonnell, who […]

Transformative automation is coming. The impact is up to us

“Our MIT President L. Rafael Reif wrote an excellent op-ed in the Boston Globe urging that we find ways to use technology to invent and improve the future of work. It serves as a call to action, one I hope we will now take up with gusto at MIT and elsewhere.”

By L. Rafael Reif

First published online in the Boston Globe In a recent Pew study , 72 percent of Americans report feeling either worried or very worried about “a future where robots and computers can do many human jobs.” Seventy-six percent believe that economic inequality will grow […]