Category: Automation Impact on Jobs

Economic insecurity stares at us

Economic insecurity stares at us

Kieran Madden

Many pinned Trump’s election and the Brexit vote as being fueled by people’s fear of losing their way of life.

When it comes to economic insecurity, I think they are bang on.It is likely that those with less formal education and skills voted for change in both situations not because they were ignorant or did not know any better, but, because they see their working life hanging by a thread.Uncertainty breeds fear, and a society driven by fear tends towards dysfunction.Is this fear rational? Many factors are making it clear that the generally stable post-war economic order is giving […]

Why American Jobs Have a Higher Risk of Automation Than Jobs in Germany, the UK, and Japan

Why American Jobs Have a Higher Risk of Automation Than Jobs in Germany, the UK, and Japan

You’ve been warned before—robots are coming for your job. The speed of technological advancement, particularly in smart automation, has sprung countless economic studies and political warnings about how many people are likely to lose their jobs to this rise of the machines. But it’s not an easy number to peg down; estimates range from 5% to 50%.

The latest predictions from PricewaterhouseCoopers survey the damage for specific countries. Analysts at the consulting firm said that by the early 2030s, 38% of US jobs are at a high risk of automation, more than in Germany, the UK, and Japan.

PwC revisited two […]

Robots Are Coming for Your Job. Here’s How, Why and When

Robots Are Coming for Your Job. Here’s How, Why and When

Four in 10 U.S. jobs are at risk of being replaced by automation and artificial intelligence by 2030. Here’s why Americans should worry the most. March 26, 2017 – The potential for job losses due to advances in technology is not a new concern. But over the past few years, fears of technology-driven job losses have emerged with advances in ‘smart automation’ – the combination of artificial intelligence (AI), robotics and other digital technologies. The impact of innovation is already visible in driverless cars and trucks, intelligent virtual assistants like Siri, Alexa and Cortana, and Japanese healthcare robots. But […]

Are Robots Killing the American Dream?

Are Robots Killing the American Dream?

It’s an argument that’s being had at the moment all across the US as people continue to fight for and against globalism and all it stands for. However, some people are blaming globalization and liberalized international trade for killing the American Dream and affecting the US manufacturing industry. But, that’s not really true at all. Keep on reading to see why. Global trade isn’t to blame for what automaton has done. The combination of both automation and international trade is what has damaged some of the local economies. Trade with China in particular has driven down wages and employment […]

Technology is killing jobs, and only technology can save them

Technology is killing jobs, and only technology can save them

In the recent presidential election, automation and robotics got a slight reprieve from the accusations that it has been the key driver in job losses in the United States. During the campaign, the conversation shifted, thanks largely to then-candidate Trump’s masterful scapegoating of Mexico and China, while calling out trade deals like NAFTA and the Trans-Pacific Partnership as clear and present threats to U.S. manufacturing.

Indeed, the administration continues to downplay automation as a factor in the U.S. economy, because that explanation runs against the political policies it hopes to enact under the guise of improving the conditions of America’s […]

Is the American Dream being Killed by Robots?

Is the American Dream being Killed by Robots?

It is a very debate in a world wide scale about whether automation and artificial intelligence is killing the american dream or not, and if it has an impact on the liberalized free trade and affecting the US manufacturing industry. But that is not true at all.

Global trade isn’t to blame for what and how automation has been impacting. The combination of both automation and international trade has damaged local economies, for example the trade with China in particular has been driving down the paychecks of the employees. Without this type of international trade the US economy wouldn’t be […]

New Research: Automation Could Grab More Than a Third of US Jobs by Early 2030s

New Research: Automation Could Grab More Than a Third of US Jobs by Early 2030s

A new report came out last week forecasting the likelihood of automation taking human jobs. The study comes from PwC (Price Waterhouse Cooper) and can be seen online at UK Economic Outlook where the section about international automation begins on page 30.

The upshot is not quite as dreary as the 2013 Oxford study by Frey and Osborne which estimates nearly half of US jobs vulnerable within 20 years. Nor is the new investigation as hopeful as the 2016 paper from Arntz, Gregory and Zierahn titled The Risk of Automation for Jobs in OECD Countries which found a significantly lower […]

Robots job-changers not job-killers

Robots job-changers not job-killers

And the takeover will occur within the next 15 years. Jobs will change rather than disappear over the next decade as robots are increasingly used in the world of work, a study has said. For example, the finance and insurance sectors are showing higher possibilities of automation because finance workers in the US have less education than their British counterparts.

His suggestion is quite similar to a proposal put to the European Parliament to tax robot owners so that those who lose their jobs to automation can be retrained.

In the United Kingdom transport jobs are one of the sectors most […]

LOL, the Treasury Secretary Says Automation of Jobs Is “50-100 More Years” Away

LOL, the Treasury Secretary Says Automation of Jobs Is “50-100 More Years” Away

Steve Mnuchin takes the automated stairs. Photo: Getty Steve Mnuchin, the
genius behind Suicide Squad
and our nation’s treasury secretary, isn’t worried about artificial intelligence or automation. It’s not even on his radar, so just relax.

On Friday, Mnuchin sat down with Axios’ Mike Allen to talk about a wide range of issues including the strength of the dollar, tax reform, and Donald Trump’s “perfect genes.” At one point, they got around to addressing the topic of American jobs being replaced by technology. Here’s what they said in video and text form: Steve Mnuchin is not concerned one […]

LOL, the Treasury Secretary Says Automation of Jobs Is “50-100 More Years” Away

LOL, the Treasury Secretary Says Automation of Jobs Is

Steve Mnuchin takes the automated stairs. Photo: Getty Steve Mnuchin, the genius behind Suicide Squad and our nation’s treasury secretary, isn’t worried about artificial intelligence or automation. It’s not even on his radar, so just relax. Genius Behind Suicide Squad Now Fifth in Line For the Presidency Genius Behind Suicide Squad Now Fifth in Line For the Presidency Genius Behind Suicide Squad Now Fifth in Line For… On Monday night, the United States senate confirmed the executive producer of Suicide Squad, Steven … Read more Read more On Friday, Mnuchin sat down with Axios’ Mike Allen to talk about […]