Category: Automation Impact on Jobs

How can Britain solve its productivity ‘puzzle’?

How can Britain solve its productivity 'puzzle'?

When analysts and business commentators talk about economic productivity the understandable reaction of most people is to switch off.

As obscure, abstruse economic concepts go, productivity is right up there. No one really – not even economists – really understands why it goes up and down, but all are convinced it’s very important indeed.

But maybe we should all be taking more interest in the concept. Leaving aside debates about inequality and relative poverty, the real determinant of the prosperity of a population over time is probably its productivityThe UK’s comparatively poor productivity rate, which according to the latest figures has […]

Jeremy Corbyn: UK must embrace technological change

Jeremy Corbyn: UK must embrace technological change

The state should work with business to help the UK maximise the benefits of automation and other technological changes, Jeremy Corbyn has said.

The Labour leader said he was not "one of the doom-mongers" who thought new technology would "inevitably herald an era of mass unemployment".

But he argued that adapting the UK for the jobs of the future "can’t simply be left to the market".A recent report suggested robots could affect 30% of British jobs by 2030.The PwC study estimated that nearly a third of existing jobs in the UK were potentially under threat from automation, compared with 38% in […]

Study Finds Job Automation to Slam Low-Wage Cities Such as Las Vegas, El Paso

As much as 65% of jobs in some metropolitan areas of the United States could be automated within the next 20 years, according to new research from the Institute for Spatial Economic Analysis, conducted by the University of Redlands in Redlands, California.

The ISEA analysis finds that job automation will impact low-wage metro areas such as Las Vegas, Nevada; El Paso, Texas; and Riverside-San Bernardino, California, harder than high-tech, higher-wage regions like California’s Silicon Valley and Boston. The findings say 65.2% of jobs in Las Vegas could be automated. El Paso could see 63.9% of its jobs no longer taken […]

Job cuts: Reality or false alarm, we need to reset our outlook towards education and employment

Job cuts: Reality or false alarm, we need to reset our outlook towards education and employment

[Representational image] [Representational image]Reuters

News about companies cutting down on their employees is putting us to concern everyday. Not all of these news are true though but even a false alarm is creating panic, especially in India, for we Indians sincerely believe that there is no tomorrow if we do not have a job.

But job losses are not something which is only related to Donald Trump’s hyper-love for his motherland United States which he wants to make great again. Even in the US, there are job cuts. In fact, job cuts were more than a normal in the West than […]

AI Chatbots are Create New Jobs by Killing the Old Ones

AI Chatbots are Create New Jobs by Killing the Old Ones

artificial-intelligence 1920×1080 Whenever technologies advance, there is often a fear that the newer, faster machines will replace human workers for good, leaving an unemployed populace and a devastated economy in its wake. The fear was there with the invention of steam power machines, the assembly line, computers and now AI and chatbots are at the root of that fear.

As AI and chatbots become more popular each day in the fields of finance, health, law, and retail, workers are wondering how soon it will be before they lose their jobs to the latest machine. This is true particularly in customer […]

As Nigeria left it too late!

As Nigeria left it too late!

Unemployment in Nigeria On May 31, 2017, the news broke that the Federal Government of Nigeria had established an Industrial Policy and Competitiveness Advisory Council. This is a welcome development but it begs the question of whether or not the move came too late game of creating the millions of jobs Nigeria needs. On the one hand, it is almost impossible to ascertain the utility of the decision but it is very possible, even imperative, to examine the development and forecast its possible impact on the expected outcomes, especially job creation.

The economic model that Japan, China, South Korea and […]

By 2050, 65% Of M’sian Jobs Might Be Taken Over By Automation. Find Out If It’s Your Job At Risk

By 2050, 65% Of M'sian Jobs Might Be Taken Over By Automation. Find Out If It's Your Job At Risk

On 20 June 2017, McDonalds recorded their highest ever share price in the stock market. The reason? Most investors fell in love with McDonalds’ plan to replace their cashiers in more than 2500 of their restaurants, with an automated digital kiosk. The digital kiosks, according to McDonalds will be able to perform everything that a normal cashier does, and is more efficient to boot. But this will also mean that McDonalds will be replacing thousands of human workers, with machines.

This move by McDonalds marks that the automation revolution is here to stay. After all, why would a company pay […]

Jeremy Corbyn: UK must embrace technological change

Jeremy Corbyn: UK must embrace technological change

The PwC report suggested gains in productivity from robots and Artificial Intelligence would boost the economy The state has a vital role to play in helping the UK maximise the benefits of automation and other technological changes, Jeremy Corbyn is to say.

The Labour leader will say he is not a "doom-monger" about mechanisation, saying jobs have been "lost, replaced and transformed" down the centuries.

But he will argue that adapting the UK for the jobs of the future "can’t simply be left to the market".A recent report suggested robots could affect 30% of British jobs by 2030.The PwC study estimated […]

Jobs of the future

Jobs of the future

India’s economic growth and social progress have been impressive since Independence. Experts agree that, going forward, India could achieve even more in both the spheres. The fact remains that, over the years, the momentum of growth and poverty alleviation has gathered pace, driven by concerted reforms and strong roots of democratic and multicultural commitments. It is, therefore, reasonable to assume that India will, hopefully, avoid the middle-income trap in order to eradicate poverty in two more generations. This expectation is based on India’s post-Independence record and assuming that there are no unmanageable catastrophes, such as social upheaval or successive […]

July 5: In the Khadr case, $10-million talks. Plus other letters to the editor

July 5: In the Khadr case, $10-million talks. Plus other letters to the editor

Omar Khadr answers questions during a news conference after being released on bail in Edmonton on May 7, 2015. He was once the youngest prisoner held on terror charges at Guantanamo Bay. (Dan Riedlhuber/Reuters) Letters to the Editor should be exclusive to The Globe and Mail. Include your name, address and daytime phone number. Try to keep letters to fewer than 150 words. Letters may be edited for length and clarity. To submit a letter by e-mail, click here: letters@globeandmail.com

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$10-million talks Re Ottawa To Offer Apology To Omar Khadr (July 4): Thank you. Please send the invoice […]