Category: Automation Impact on Jobs

Treasury Secretary: Robots replacing human workers is ‘not even on our radar screen’

Treasury Secretary: Robots replacing human workers is ‘not even on our radar screen’

Treasury Secretary Steven Mnuchin talks March 9 before a meeting with leaders from small community banks in the Roosevelt Room at the White House. (Jabin Botsford/The Washington Post) Companies are investing heaps of money to develop artificial-intelligence technologies that promise to transform industries as varied as transportation, finance and health care. That all adds up to big economic change, technologists warn.

But for Treasury Secretary Steven Mnuchin, the artificial intelligence revolution and its impact on the U.S. workforce is “not even on our radar screen.” In an interview with Axios , Mnuchin predicted the technology was still 50 to 100 […]

Hate to Break It to Steve Mnuchin, But AI’s Already Taking Jobs

Hate to Break It to Steve Mnuchin, But AI’s Already Taking Jobs

In 15 years, President Trump won’t have to drive that truck. Melina Mara/The Washington Post/Getty Images Today, in 2017, the president’s top economic advisor said he had no worries about robots putting people out of work. “In terms of artificial intelligence taking over the jobs, I think we’re so far away from that that it’s not even on my radar screen,” Treasury Secretary Steve Mnuchin told an audience in Washington. “I think it’s 50 or 100 more years.”

Great! That’s a relief! President Trump can go back to horsing around on his big rig confident in the knowledge self-driving trucks […]

Robots could take over millions of jobs in the next 15 years – report

Robots could take over millions of jobs in the next 15 years – report

© / www.globallookpress.com Millions of jobs in the UK are in jeopardy because of robots taking over various sectors of the labor market.

According to the latest report on the impact of automation on the UK’s labor force, up to 10 million jobs are at risk of being replaced by machines within 15 years. Artificial intelligence will create world’s first trillionaire – Mark Cuban Routine and/or manual jobs, such as those in bookkeeping or retail, are among those at higher risk of being cut because of ground-breaking developments in Artificial Intelligence (AI), according to consultancy firm PwC.

The UK Economic Outlook […]

Robots and AI ‘pose risk to ten million UK jobs’

Robots and AI 'pose risk to ten million UK jobs'

A recent report from PwC says that – although the UK has fewer jobs at risk from increased automation over the next 15 years than the US, Germany and Japan – around ten million jobs will be affected. The UK has fewer jobs at risk from increased automation over the next 15 years than the likes of the US, Germany and Japan, according to an analysis from PwC.Even so, the report said that about ten million British workers risked seeing their jobs taken over by robots, while others will see the nature of their work change as AI technologies […]

30% of UK jobs at risk of automation by 2030

30% of UK jobs at risk of automation by 2030

Over 30% of UK jobs are at risk of becoming automated within the next 15 years thanks to developments in artificial intelligence, at least according to a recent report by PwC .

More than 10 million jobs are at "high risk" of being replaced with robots, although some sectors such as transportation and manufacturing would be worst hit by the emerging technology.

The report found that up to 56% of transportation and storage jobs could disappear, while 46% of manufacturing and 44% of retail roles could be soon carried out by AI led software or robots, sectors involving high proportions of […]

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 (pdf) 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 […]

“Utterly Shocking”: Silicon Valley Slams White House for Ignoring A.I. Threat

“Utterly Shocking”: Silicon Valley Slams White House for Ignoring A.I. Threat

By Ronald Wittek/Pool/Getty Images. If there’s one thing that labor economists and leaders in Silicon Valley generally seem to agree on, it’s that increasingly sophisticated technology is coming to replace American jobs. According to a new report from PricewaterhouseCoopers, 38 percent of U.S. jobs are at high risk of being replaced by automation in the next 15 years, compared with 30 percent of jobs in the U.K. and 21 percent of in Japan. The United States, like the United Kingdom, is dominated by service jobs in sectors like manufacturing, transportation, finance, and food service, and U.S. jobs are particularly […]

Steve Mnuchin Doesn’t Think A.I. Is an Immediate Threat to Jobs. That’s Insane.

Steve Mnuchin Doesn't Think A.I. Is an Immediate Threat to Jobs. That's Insane.

Photo by THOMAS KIENZLE/AFP/Getty Images Wrong, wrong, wrong, wrong, wrong. Treasury Secretary Steven Mnuchin is a sharp guy. He’s a (legacy) alumnus of Yale and Goldman Sachs, did well on Wall Street, and was a successful movie producer and bank investor. He’s good at, and willing to, put other people’s money at risk alongside some of his own. While he isn’t the least qualified person to hold the post of treasury secretary in 2017, he’s far from the best qualified. For in his 54 years on this planet, he hasn’t expressed or displayed much interest in economic policy, or […]

2.25m retail jobs at risk of being replaced by robots by 2030

2.25m retail jobs at risk of being replaced by robots by 2030

Retail is among the sectors identified as facing the biggest risk of jobs being automated – or replaced by robots – in the next 15 years, according to a new study.

Up to 2.25 million jobs in retail and wholesale – the industry that employs the most people in the UK – could change rather than disappear over the next decade as robots are increasingly used, a PwC report says.

Along with retail, jobs in transportation, storage and manufacturing are also likely to be automated, while education, health and social work face the lowest risks.In total, around 10 million jobs could […]

Robots Could ‘Steal Millions’ Of UK Jobs By Early 2030

Robots Could ‘Steal Millions’ Of UK Jobs By Early 2030

However, AIs could deliver a big boost in productivity and yield new jobs

Robots may snatch 30 percent of human jobs in the UK by the early 2030s, according to forecasting by PwC.

As the development of artificial intelligence (AI) and smart technology , PwC predicts that many more manual labour jobs will be shifted from human workers to robots and automated systems .However, it is not all doom and gloom for around a third of the Britain’s workforce; PwC noted that the rise of the machine will also open up new jobs for humans, such as maintaining the robots. Job […]