Category: Automation Impact on Jobs

Deutsche Bank CEO Says Bankers and Accountants Are Not Safe From Automation

Deutsche Bank CEO Says Bankers and Accountants Are Not Safe From Automation

We constantly hear about how technology, robots, and computers are coming to replace us in the workplace. However, some jobs are at higher risk than others. For this reason, many people who are not in low-skilled or manual labor positions often feel somewhat safe from the oncoming technology revolution. Deutsche Bank, the large international financial institution, recently cast doubt on this kind of thinking when its CEO alluded to replacing the company’s workers with technology. Bankers’ and Accountants’ Jobs may not be Safe

The CEO of Deutsche Bank, John Cryan, recently made it clear that workers in the […]

Kai-Fu Lee talks AI-driven unemployment: ‘Who says we need jobs?’

Kai-Fu Lee talks AI-driven unemployment: ‘Who says we need jobs?’

Image Credit: Shutterstock.com/kurhan

With more than 1.7 million followers on Twitter , Kai-Fu Lee knows how to attract attention. As head of Beijing’s Sinovation Ventures (and former head of Google China), Lee is an often outspoken and controversial champion of artificial intelligence. Among his headline-making predictions are that 50 percent of all jobs will be replaced by automation, that China will become an AI superpower , and that Wall Street’s biggest banks will be overtaken by AI . But rather than fearing an AI apocalypse, Lee says we must accept the enormous changes ahead, especially those related to mass unemployment. […]

Letter: Do We Have the Political Will to Truly Create Jobs?

Letter: Do We Have the Political Will to Truly Create Jobs?

The recent articles in The Chronicle describing the social and economic problems in Grays Harbor County can be duplicated in hundreds, and possibly thousands, of rural areas in the United States. The loss of manufacturing and resource-based employment has stripped those areas of family wage jobs. In part this has been due to jobs moving overseas, but less discussed are those jobs lost to automation.

For instance, a steel worker in 1980 required 10.1 hours to produce a ton of finished steel. In 2014, that same worker could produce a ton of finished steel in 1.9 hours. In part this […]

Why the robot revolution won’t play out as predicted

Why the robot revolution won't play out as predicted

You’d have to have been hiding under a rock not to know that 40 per cent of jobs in Australia – about 5 million of them – are likely to be automated in the next 10 to 15 years.

Ask a young person what they know about the future of work and that’s it. Which may help explain why so many of them seem angry and depressed about the economic future they’re inheriting.

This information is widely known because it’s the key finding of a major report, Australia’s future workforce? , published in 2015 by the Committee for Economic Development of […]

As Amazon pushes forward with robots, workers find new roles

As Amazon pushes forward with robots, workers find new roles

Nissa Scott started working at the cavernous Amazon warehouse in southern New Jersey late last year, stacking plastic bins the size of small ottomans. It was not, she says, the most stimulating activity. And lifting the bins, which often weigh 25 pounds each, was also tiring over 10-hour shifts.

Now Scott, 21, watches her replacement — a giant, bright yellow mechanical arm — do the stacking.

Her new job at Amazon is to baby-sit several robots at a time, troubleshooting them when necessary and making sure they have bins to load.On a recent afternoon, a claw at end of the arm […]

Vanguard’s Chief Economist – Automation is Not Killing Jobs September 11, 2017

by Robert Huebscher Rapid technological advances are transforming the global workplace. But fears that automation will permanently destroy American jobs are misplaced, according to Joe Davis. Instead, the jobs that require “uniquely human†skills will proliferate, Davis said.

Davis was the keynote speaker at the Morningstar ETF conference in Chicago on September 6. He is a principal and Vanguard’s global chief economist. He is also head of Vanguard Investment Strategy Group, whose research team is responsible for helping to oversee the firm’s investment methodologies and asset allocation strategies for both institutional and individual investors. In addition, he is a member […]

Will technology harm our quality of life?

Will technology harm our quality of life?

Future Business The digital age offers unprecedented opportunities. Riding the tides of technology, firms are able to rise higher, faster, than ever before. As markets warp around them, businesses are themselves transforming in an effort to ride the waves, rather than be sunk by them. New ways of working, new organisational structures and shifts in strategy are therefore happening at an ever faster pace.

We are, says World Economic Forum founder Klaus Schwab, living through the ‘fourth industrial revolution’, the era of automation and digitisation. If that sounds rather momentous, it’s because it is. But momentous change doesn’t always have […]

Who wields AI, and how

Who wields AI, and how

Devoid of an urgent push by the government to frame policy on AI, Indian labour will face a deep crisis.

Automation, a product of recent advances in Artificial Intelligence (AI), has been recognised as a harbinger of a different era of socio-economic relations. Studies by Deloitte in UK and McKinsey in the US are estimating that currently demonstrated technologies will kill from a third to a half of all jobs within a decade. In this scenario, what should be India’s national policy towards AI?

Devoid of an urgent push by the government to frame policy on AI, Indian […]

As Amazon pushed forward with robots, workers find new roles

As Amazon pushed forward with robots, workers find new roles

FLORENCE: Nissa Scott started working at the cavernous Amazon warehouse in southern New Jersey late last year, stacking plastic bins the size of small ottomans. It was not, she says, the most stimulating activity. And lifting the bins, which often weigh 25 pounds each, was also tiring over 10-hour shifts.

Now Scott, 21, watches her replacement — a giant, bright yellow mechanical arm — do the stacking.

Her new job at Amazon is to baby-sit several robots at a time, troubleshooting them when necessary and making sure they have bins to load. On a recent afternoon, a claw at end of […]

As Amazon Pushes Forward With Robots, Workers Find New Roles

As Amazon Pushes Forward With Robots, Workers Find New Roles

FLORENCE, N.J. — Nissa Scott started working at the cavernous Amazon warehouse in southern New Jersey late last year, stacking plastic bins the size of small ottomans. It was not, she says, the most stimulating activity. And lifting the bins, which often weigh 25 pounds each, was also tiring over 10-hour shifts.

Now Ms. Scott, 21, watches her replacement — a giant, bright yellow mechanical arm — do the stacking.

Her new job at Amazon is to babysit several robots at a time, troubleshooting them when necessary and making sure they have bins to load. On a recent afternoon, a claw […]