Category: Automation Impact on Jobs

Bill Gates thinks robots should be taxed. Is he right?

Bill Gates thinks robots should be taxed. Is he right?

Robots are taking your kids’ jobs too. (Photo: Central Press/Getty Images) Bill Gates, the techno-optimist who co-founded Microsoft, is worried about the rise of the robots. What people will do when all the jobs disappear? When he was interviewed by Kevin Delaney of Quartz , he had this to say about it: “You ought to be willing to raise the tax level and even slow down the speed” of automation, Gates argues. That’s because the technology and business cases for replacing humans in a wide range of jobs are arriving simultaneously, and it’s important to be able to manage […]

What Jobs will Robots and AI Do in The Future?

What Jobs will Robots and AI Do in The Future?

If you work in finance these days, things are probably not as exciting as they used to be. Gone are the days of snorting cocaine in strip clubs at 4:00AM on a Tuesday morning. Nowadays you’re more likely to have a late night trying to figure out that elusive bug that’s keeping your trade automation program from going live. The one thing that will never change in finance though is the effect that breaking news has on the stock market. Any time new macro economic information is made available, the entire market reacts as a result. One often cited […]

Four workplace trends to look out for in 2017

Four workplace trends to look out for in 2017

The automation of work has already begun, but according to new whitepaper, not all employees have to be worried about losing their jobs to machines.

While the Internet has allowed for the rise of employees collaborating remotely; developments in artificial intelligence have also prompted more automation at the workplace.

How will these trends shake up the workplace in 2017? Here are four key factors to look out for, as based on a new whitepaper by Compass Offices. Automation will take over, but employees might keep their jobs According to employment portal Glassdoor, the ongoing fear that automation will render many people […]

Automation Won’t Create New Jobs Causes & Consequences

C O N T E N T S:

KEY TOPICS In any case, automation has never led to fewer jobs in the economy in the past and never will in the future, for the simple reason that automation lowers prices which increases demand for goods and services, which in turn creates jobs.” (More…)

POSSIBLY USEFUL Their positional value as premium workers has eroded, which affects demand for their services, and also their job satisfaction. (i.e. the closer a worker’s pay is to minimum wage, the less satisfied they are with their pay, even if the reason for the […]

Return of the Luddites

Recent economic studies predict in a decade or two 47 percent of all jobs in America will be lost to automation. According to these warnings, it will not be foreigners and immigrants who will take away the jobs; it will be robots and artificial-intelligence computers that will be the culprits.

We are beginning to hear that if automation takes away all the jobs then nobody will be left to buy the products manufactured by these non-humans.

Companies convert to automation because they are much more efficient, thus producing products at lower cost. Corporations exist to make money and robots will work […]

Is Automation To Blame For Jobless Recoveries?

Over the last few months it has become trendy to jump on the neo-Luddite bandwagon and bemoan how machines are taking our jobs, and as automation gathers pace, they will take our jobs in never before seen numbers. It’s led to a renewed emphasis on policies such as the Universal Basic Income.

I’m inclined to think that much of this is simply bandwagon jumping, and have that the notion that the current revolution is somehow different to all of those in the past is not born out by the evidence, whilst at the same time admitting that governments are largely […]

Automation in Transportation

Automation in Transportation

Working people are living in a time when it is more and more difficult to make ends meet. Wages are stagnant, and the jobs created during the slow economic recovery are doing little to reduce inequality in the workplace. Meanwhile, attacks on unionization, offshoring, employee misclassification, convoluted corporate structures and technological change are threatening the nature of work for millions of Americans. The advent of artificial intelligence (AI)-driven automation in transportation poses risks to both jobs and safety and creates challenges for how existing government structures regulate transportation and respond to job impacts.

Clearly, technological changes in transportation threaten to […]

A Startup CEO Makes No Apologies That His Technology Eliminates Jobs

(This post originally appeared on Inc. )

Last week, I wrote here how Wendy’s, the fast-food restaurant chain, is deploying 1,000 kiosks in its restaurants across the country. The company said it was doing so not just to reduce overhead, but to respond to its customers’ demands for quicker service.

As I mentioned in the report, Wendy’s is not the only restaurant investing in automation. “Everywhere, companies like Wendy’s are automating,” I wrote. “Chains like Red Robin and Uno Pizzeria & Grill are using Ziosk tablets so that customers can order, pay and play games while waiting for their food to […]

Intelligent automation points the way to future economic growth

Intelligent automation points the way to future economic growth

Credit: Thinkstock As someone deeply involved in technology strategy, I’m often asked about the impact of automation. Will automation—specifically, intelligent automation—create prosperity and growth, or will it create a dystopian future where workers are increasingly replaced by software robots?

I always answer—and believe—that intelligent automation is a vast opportunity, not a threat. By working hand in hand with intelligent technology, we can achieve greater things. It frees us from mundane, repetitive activities—unleashing creativity and letting us build stronger, more productive working relationships. Intelligent automation makes us more human, not less. Unprecedented productivity gains

That’s why McKinsey’s recent report, A Future […]

Scitech | Transitioning to a futuristic society

Scitech | Transitioning to a futuristic society

Since the economic recession in 2008, the world economy has found its footing and the GDPs of industrialized countries have steadily been rising. However, as businesses managed to optimize production efficiency after millions of jobs were lost , troubling consequences have emerged for workers with low income security or savings. The value of currencies are rising, basic necessities such as education and healthcare are becoming more expensive , yet middle wages are not rising to compensate . Income and wealth inequalities in the U.S. are higher now than ever before in the nation’s history according to a study from […]