Category: Automation Impact on Jobs

Layoffs in IT sector

Layoffs in IT sector

(Picture used for representational purpose only) The Information Technology industry in India is in the process of laying off thousands of its employees. The sector that symbolises the emergence of new India is expected to show the doors to over half a lakh employees thus fuelling a sense of despair in the Indian middle class that saw in it a hope and aspiration for their youth.

The industry circles attribute this to two reasons – the trend of automation and the protectionism pursued by the new dispensation in US.

Though these factors cannot be ruled out for the current jolt in […]

Why being a specialty butcher is a hot job right now

Why being a specialty butcher is a hot job right now

Craft beer makers. “Mixologist” bartenders who have far more up their sleeves than a gin and tonic. Barbers who hark back to a bygone era of style. Butchers who slice and dice their way through entire animals, with a modern focus on sourcing and sustainability. Are these the types of jobs—in fields that have been around for decades, but which have lately taken on a more specialized, artisanal focus—that can power the economy in the coming years?

Richard Ocejo may not quite go that far, but the trend epitomized by those jobs is major and unavoidable, in his eyes. Ocejo […]

Here come the job killers!

Here come the job killers!

Illustration: Ashish Asthana At Raymond Limited’s modern textile facility in Vapi, whenever a supervisor has to check up on the looms, he doesn’t go walking around the factory floor asking the workers. He just looks at a computer screen. Looms in operation, their speed, their electricity and steam consumption, their error alarms – everything is available to him at a glance. The factory rolls out 75,000 metres of fabric daily, employing 1,100 workers. Just four years ago, a traditional weaving unit would produce no more than 18,000 metres, employing 2,600 workers. Harish Chatterjee, vice-president (manufacturing) at Raymond, attributes the […]

Organised sector crucial to growth in employment: NITI Aayog

Organised sector crucial to growth in employment: NITI Aayog

Debroy also mentioned that out of a total workforce of around 500 million people, the organised sector accounted for just 100 million people at best. (PTI) Stressing on the importance self-employment outside agriculture, Dr. Bibek Debroy, Member, Niti Aayog said India is a largely informal and an unorganised economy with about 90 percent of the people employed in the informal sector. Speaking at the panel discussion on Economy of Jobs here on Thursday , Debroy highlighted that the employment situation in India has not changed substantially since the launch of the book ‘Economy of Jobs’ at FICCI’s 89th AGM […]

Organised sector crucial to growth in employment: NITI Aayog

Organised sector crucial to growth in employment: NITI Aayog

New Delhi [ India ] May 12 : Stressing on the importance self-employment outside agriculture, Dr. Bibek Debroy , Member, Niti Aayog said India is a largely informal and an unorganised economy with about 90 percent of the people employed in the informal sector.

Speaking at the panel discussion on Economy of Jobs here on Thursday , Debroy highlighted that the employment situation in India has not changed substantially since the launch of the book ‘Economy of Jobs’ at FICCI’s 89th AGM in December 2016.

Debroy also mentioned that out of a total workforce of around 500 million people, the organised […]

Organised sector crucial to growth in employment: NITI Aayog

Organised sector crucial to growth in employment: NITI Aayog

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10 best destinations for adventure sports lovers in India! World Heritage Day 2017: Top 10 stunning heritage sites by UNESCO that will definitely make your jaws drop with amaze! IN PICS: Hawai Adda of Ludhiana is first airplane restaurant of India set in original aircraft! New Delhi [India] May 12 (ANI): Stressing on the importance self-employment outside agriculture, Dr. Bibek Debroy, Member, Niti Aayog said India is […]

The Augmented Reality Workforce is Coming — Here’s What You Need to Know

The Augmented Reality Workforce is Coming -- Here's What You Need to Know

Jobs for the average worker are becoming obsolete at rate much faster than anticipated. While advances in automation are revolutionizing the way many businesses operate, the humans whose jobs once catered to these tasks are being displaced.

Many businesses ushering in this automation have been provided hazy answers as to what will happen to the people who will lose their jobs. The common refrain is that new jobs will take the place of old ones or that people will go back to school to be trained in new areas. None of these solutions, however, have been fully realized or […]

Automation Rewrites Job Descriptions

Automation Rewrites Job Descriptions

The transformation of the workplace through automation may represent the greatest shift in the economy ever seen. While factory workers were the first to see robots change their work processes and eliminate some of their jobs, the impact of automation is now being felt by white collar workers as well. McKinsey Global Institute estimates half of U.S. work activities could be automated by 2055 or sooner. [1]

Automation is attractive because it reduces costs and improves productivity, especially in times of lackluster economic productivity growth and aging workforce populations. McKinsey estimates automation could increase global productivity growth in the […]

Deloitte’s CEO had her son watch “The Jetsons” to show him we shouldn’t fear robots

Deloitte’s CEO had her son watch “The Jetsons” to show him we shouldn’t fear robots

The prospects of an automated, robotic future isn’t just the obsession of labor economists and science fiction writers. It’s also unnerving 15-year-old boys.

When Deloitte CEO Cathy Engelbert’s son told her he worried there wouldn’t be a job for him when he graduated, the head of one of the largest accounting and consulting firms in the world did what any good parent would do: She sat him down in front of The Jetsons .

The Jetsons , an early 1960s cartoon about a family in the far future, “was way ahead of its time,” Engelbert tells Quartz. The show explored […]

Job automation threatens employment opportunities

Job automation threatens employment opportunities

Future jobs will be replaced with proliferation of artificial intelligence and robotics. | Tim Seeberger/THE CHIMES While President Donald Trump has worked on keeping American factories alive by rewriting trade deals, taxing imports and removing regulations, a greater risk to the loss of jobs lies ahead. The automation of jobs has been a threat on the horizon for years. 38 percent of jobs in the U.S. are at high risk of being replaced by robots and artificial intelligence over the next 15 years, according to a report by PricewaterhouseCoopers . Many manufacturing and warehouse jobs have been taken over […]