Category: Automation Impact on Jobs

Millennials aren’t robot-proof

Millennials aren’t robot-proof

(Washington Post illustration; iStock) About half of millennials looking for work are interested in jobs that carry a risk of automation,a new study suggests. The findings indicate the youngest and most educated generation in the American work force isn’t necessarily more robot-proof than older workers, who tend to be portrayed as the primary victims of automation.

“Millennials show a considerable amount of interest in occupations that face a threat of automation,” said Daniel Culbertson, an economist at the Indeed Hiring Lab , the research institute attached to the international job site, and the author of the report.

“That gets lost when […]

Half of millennials are seeking jobs vulnerable to robot takeover, study suggests

Half of millennials are seeking jobs vulnerable to robot takeover, study suggests

About half of millennials looking for work are interested in jobs that carry a risk of automation, a new study suggests.

The findings indicate the youngest and most educated generation in the American workforce isn’t necessarily more robot-proof than older workers, who tend to be portrayed as the primary victims of automation.

“Millennials show a considerable amount of interest in occupations that face a threat of automation,” said Daniel Culbertson, an economist at the Indeed Hiring Lab, the research institute attached to the international job site, and the author of the report.“That gets lost when people talk about millennials being so […]

‘Ensure minimum income for those losing jobs due to automation’

'Ensure minimum income for those losing jobs due to automation'

NEW DELHI: With increasing concerns over loss of jobs, arising out of artificial intelligence (AI) and robotics, an Assocham-PwC study has asked to ensure a minimum income to those displaced, along with basic health facilities for the families in stress.

“In light of technology advances, certain sectors are expected to experience shrinkage of employment demand as robotic systems and algorithms take up several tasks. It can be expected that IT, manufacturing, agriculture, forestry etc will experience such a demand shift,” the study noted.

Quoting Oxford University researchers Carl Frety and Michael Osborne, based on 702 occupational groupings, workers in tele-marketing, hand […]

Retail Use of Automation Is Increasing

Retail Use of Automation Is Increasing

Automation is creating a revolution in shopping: from ordering merchandise from Amazon to visiting a local supermarket with self-checkout, the machines are moving in. In particular, big changes are coming in retail out where the public will see them. Store sales persons who can advise and help customers are pretty much on the way out.

Below, the LoweBot retail robot can guide customers to the location of items they want to purchase. According to the Bureau of Labor Statistics, retail workers account for millions of jobs: Retail salespersons and cashiers were occupations with highest employment in May 2015 , […]

‘Devise backup minimum income schemes for those losing jobs due to automation’

‘Devise backup minimum income schemes for those losing jobs due to automation’

MANGALURU: With the Indian IT and other industries facing some of the daunting challenges from protectionism in the US and Artificial Intelligence (AI), an ASSOCHAM-PwC study has made out a strong case for government -industry schemes which ensure a minimum income to those displaced , along with basic health facilities for the families in stress.

It said there are concerns in a number of industries related to loss of jobs, arising out AI and robotics and the solution lies in facing the issue upfront and skilling up the country’s human resource.

“In light of technology advances, certain sectors are expected to […]

Feeling The Effects Of Robotics On Jobs Growth

Summary

Was last month’s poor BLS employment situation the beginning of the impacts of robotics?

The high rate of jobs growth seen since the Great Recession was likely only a result of recovery, and not much real new growth.Employment growth has been higher than population growth, and this cannot continue.In August of 2012, I penned a post on labor costs stating " labor costs are no longer a primary factor in determining where business should locate. "This quote was framed within a general discussion of factors used in selecting business / manufacturing criteria for determining where to locate. In hindsight, […]

Can basic income help workers adapt to new world of AI?

Can basic income help workers adapt to new world of AI?

Customers use the digital screen to place an order at a McDonald’s restaurant as the companies stock price reached record territory on April 25, 2017 in Miami, Florida. (Joe Raedle/Getty Images) As a self-confessed health-food eater, I rarely enter fast-food joints, but nostalgia and the feeling that it’s an obligatory childhood experience saw me bring my daughter to a McDonalds. While the novelty of receiving a toy with your food quickly won her over, what struck me most was the automation.

McDonald’s has always been known for its efficiency, but for many teenagers and young adults, it also functioned as […]

Wiping Out Jobs Growth With Robotics

Wiping Out Jobs Growth With Robotics

In August of 2012, I penned a post on labor costs stating " labor costs are no longer a primary factor in determining where business should locate. "

This quote was framed within a general discussion of factors used in selecting business / manufacturing criteria for determining where to locate. In hindsight, a more precise statement would have been " automation / robotics are eliminating labor costs as the primary factor in determining where a business should locate ".

In that post, I stated that robotic operating systems cost initially $250,000 per year, and concluded: In a 24 hour / seven […]

How to Get Rich From the Robot Revolution

How to Get Rich From the Robot Revolution

He was referring to a topic I’ve written about here before: the robot revolution. Nebraska Senator Ben Sasse wrote a recent opinion piece in The Wall Street Journal , declaring that we are living through “the largest economic disruption in recorded history.”

Millions of good-paying jobs are rapidly being eliminated, thanks to increasing automation.

Not just field laborers and factory workers. Machines are threatening financial advisors, bankers, accountants and other white-collar professionals, including doctors and lawyers.To hear some folks describe it, this is the beginning of the end. Technology – particularly robotics and artificial intelligence – will destroy not just employment […]

David Moon: Opportunity costs should drive trade policies

David Moon: Opportunity costs should drive trade policies

A politically charged debate about foreign trade, tariffs and domestic jobs quickly obfuscates the economic, not political, reason a country engages in international trade: to improve that country’s overall economy.

The explanation is counterintuitive, but true nonetheless. Ignoring political considerations — an unrealistic fantasy — a country should import any good that an overseas trading partner can produce at a lower opportunity cost, regardless of which country could produce the item at the lowest absolute cost.

The U.S. is currently the world’s leading aviation manufacturer, responsible for 40 percent of the world’s aircraft; Mexico produces 45 percent of the world’s avocados, […]