Category: Automation Impact on Jobs

NEW: Jeff Greene summit warns of “massive job destruction”

NEW: Jeff Greene summit warns of “massive job destruction”

1 “We’re heading into a period of massive, massive job destruction because of technology,” says Jeff Greene. PALM BEACH —

The U.S. labor market officially has returned to full employment, but workers face an uncertain future that could include the widespread loss of jobs to robots and automation.

How to cope with an epidemic of layoffs and joblessness was the topic of a daylong gathering Monday in Palm Beach. Real estate billionaire Jeff Greene hosted the Managing the Disruption conference, which attracted pundits, politicians and business leaders.“We’re heading into a period of massive, massive job destruction because of technology,” Greene said.While […]

Riot Labor Automation; Robotics and AI, balancing job losses with wealth creation

Riot Labor Automation; Robotics and AI, balancing job losses with wealth creation

How AI and Robotics will save US companies $300 billion in salaries by 2030?

Riot Labor Automation; Robotics and AI, balancing job losses with wealth creation

Evidence is mounting that savings from emerging Internet of Things technologies, especially AI and Robotics, will be paid for by an unprecedented number of semi-skilled jobs disappearing all over the world. There will be over 10 million jobs in the US alone, replaced in industry over the next 15 years by Robotics and AI, saving companies hundreds of $ billions of dollars each year. Globally such savings could eventually reach into $trillions.Rethink tracks the reasons […]

I Get The Job Done: Technology Is Putting Us Out Of Work

I Get The Job Done: Technology Is Putting Us Out Of Work

One of the central talking points in Donald Trump’s presidential campaign was his vow to bring back American jobs. The longtime entrepreneur and businessman touted his boardroom and negotiation skills as major benefits of a Trump presidency, arguing that he alone could convince businesses who have outsourced American jobs to other countries to employ its own citizens again. Now that he is in the White House, he has seemingly taken steps to bring jobs stateside that would have otherwise gone to countries like Mexico (including a deal involving Carrier, which will actually lead to fewer jobs, because Carrier will […]

A3 Releases White Paper Exploring Automation and Job Growth

ANN ARBOR, Mich.–( BUSINESS WIRE )–Today the Association for Advancing Automation (A3) released a new white paper exploring the impact of automation on employment growth, marking the opening of Automate 2017, North America’s leading show devoted to cutting-edge automation technology and business innovation at Chicago’s McCormick Place April 3-6. More than 20,000 attendees are expected to attend Automate 2017, from all 50 states and more than 70 countries. The new white paper titled “ Work in the Automation Age: Sustainable Careers Today and Into the Future ” examines the impact of automation technologies on the evolving job market, the […]

Robots are coming—but to help, not take over

Robots are coming—but to help, not take over

The robot revolution is on its way, bringing more friends and tools for WALL-E, C-3PO and HAL 9000.

National Robotics Week, April 8–15, will celebrate new advances in automation and emerging STEM careers as well as expanding the public perception of robotics. The Museum of Science and Industry is presenting four robotic-themed programs April 8–9 and 14–15, featuring interactive robots for children, work from local universities and talks from experts in the field.

Kathleen McCarthy, director of collections at MSI, traveled to Japan to view its innovative robotic technology and wants to replicate the “amazing experience” for Chicagoans through the events, […]

Artificial intelligence probably won’t kill you, but it could take your job: Don Pittis

Artificial intelligence probably won't kill you, but it could take your job: Don Pittis

Arnold Schwarzenegger hams it up with his alter ego the Terminator. Experts say the danger is not that AI is too strong, but that we will trust it when it is too weak. (Mario Anzuoni/Reuters) Computer scientist Zachary Chase Lipton hates the term artificial intelligence, which he says gives people the wrong idea. He prefers to call it machine learning.

Lipton, who used to earn his living as a musician, would be a dream example for Prime Minister Justin Trudeau and Finance Minister Bill Morneau, who are hoping to retrain Canada’s underemployed to serve a resurgent artificial intelligence industry.

But the […]

New Study Finds That Six Jobs Are Lost for Every Robot Added to the Workforce

New Study Finds That Six Jobs Are Lost for Every Robot Added to the Workforce

The Real Impact of Automation

Few subjects are quite as divisive right now as the potential impact of automation on employment. Some, like U.S. Treasury Secretary Steven Mnuchin , believe we needn’t be concerned, while others assert that we are already at the start of the biggest workforce upheaval since the Industrial Revolution.

Now, a new paper released by the National Bureau of Economic Research (NBER) puts an actual number to the threat of automation: each industrial robot introduced in the workforce between 1990 and 2007 coincided with the elimination of 6.2 jobs within the commute area. Wages also saw […]

Robots and automation are going white collar – but they’re not here to steal your job just yet

Robots and automation are going white collar - but they're not here to steal your job just yet

Reporters called it the robot, but its physical presence was hardly felt.

It was almost invisible, just a Microsoft Excel macro that could write a fairly detailed stock-market report that could then be edited and polished by a human journalist.

But when Reuters introduced the robot to its newsroom in 2007 – just before the financial crisis – it was an early sign that manufacturing was not the only industry that automation was infiltrating.White-collar workers in fields like journalism, finance, medicine, and law are seeing an increasing use of machines, but one much less damaging to workers’ job prospects. Unlike in […]

Robots and automation are going white collar — but they’re not here to steal your job just yet

Robots and automation are going white collar — but they’re not here to steal your job just yet

The anthropomorphic robot named hitchBOT sits on the shoulder of Highway 102 to begin its 6,000-kilometer cross-country journey, outside Halifax, Nova Scotia, July 27, 2014.

Reporters called it the robot, but its physical presence was hardly felt.

It was almost invisible, just a Microsoft Excel macro that could write a fairly detailed stock-market report that could then be edited and polished by a human journalist.But when Reuters introduced the robot to its newsroom in 2007 — just before the financial crisis — it was an early sign that manufacturing was not the only industry that automation was infiltrating.White-collar workers in fields […]

The robot debate is over: jobs are gone

The robot debate is over: jobs are gone

LONDON: In 2013, the Oxford Martin School released a report that looked at the automation of work, assessing the likelihood that robots and other technologies would replace humans. It concluded that of the 702 job categories examined, 47 percent were susceptible to automation within the next 20 years. The report completely upended our ideas about the future of work.

Now, a new report by the National Bureau of Economic Research (NBER) in the United States is set to be an even bigger wake-up call. Written by economists Daron Acemoglu (MIT) and Pascual Restrepo (Boston University), it not only adds support […]