Category: Automation Impact on Jobs

Robots Depress Wages and Take Away Jobs: NBER

Robots Depress Wages and Take Away Jobs: NBER

The prospect of robots taking away jobs and reducing wages has been a lingering fear among workers in the manufacturing industry . That fear received corroboration from a new study released by the National Bureau of Economic Research (NBER) yesterday. According to the study, the introduction of a single industrial robot resulted in a loss of approximately 6.2 jobs per thousand workers and declined wages by roughly half a percentage point for the same set of people.

In total, robots were responsible for 670,000 job losses between 1990 and 2007, the period analyzed by the study’s authors. The study compared […]

Robots are winning the race for jobs, study finds

Robots are winning the race for jobs, study finds

Sushi robot Waterloo Region Record

Who is winning the race for jobs between robots and humans? Last year, two leading economists described a future in which humans come out ahead. But now they’ve declared a different winner: the robots.

The industry most affected by automation is manufacturing. For every robot per thousand workers, up to six workers lost their jobs and wages fell by as much as three-fourths of a per cent, according to a new paper by the economists, Daron Acemoglu of MIT and Pascual Restrepo of Boston University. It appears to be the first study to quantify large, direct, […]

Tips for Outsmarting Job-Stealing Robots

Attention, Americans: Robots in the U.S. are stealing jobs, reducing wages and promoting inequality.

That’s according to new research published by the National Bureau of Economic Research. Economists Daron Acemoglu of the Massachusetts Institute of Technology and Pascual Restrepo of Boston University were behind the study.

The automation analysis looked at industrial robots’ impact in the U.S. between 1990 and 2007, according to a report on the research in the MIT Technology Review . During that period, automation led to the loss of up to 670,000 American jobs, with manufacturing workers taking the hardest blow. The MIT Tech Review says:Adjusting for […]

Six jobs are eliminated for EVERY robot introduced into the workforce, new report reveals

Six jobs are eliminated for EVERY robot introduced into the workforce, new report reveals

People have been losing jobs to robots since the 1990’s, a new report has revealed.

When one or more robots was introduced into the workforce between 1990 and 2007, it led to the elimination of an average of six jobs.

During those years, robots accounted for the loss of about 670,000 manufacturing jobs, and this is expected to rise in the coming years as robots continue to take over tasks previously performed by people.Scroll down for video The effects of automation on employment for men are about 1.5-2 times large than those for women The report , published by the National […]

The Real Challenge for U.S. Industry

The Real Challenge for U.S. Industry

The conventional wisdom about the decline in American manufacturing jobs is that automation is to blame—“Most US manufacturing jobs lost to technology, not trade,” a Financial Times headline claims. Similarly, a December New York Times article self-assuredly states, “The Long-Term Jobs Killer Is Not China. It’s Automation,” as does CNN Money in its article, “Rise of the machines: Fear robots, not China or Mexico.”

This assessment of the state of U.S. manufacturing rests on two statistics that seem to be in tension. First, employment in U.S. manufacturing has plunged, down 30 percent since 2000. Secondly, manufacturing output has held steady […]

Congress Beware: Automation Inevitable

One of the most salient issues in the 2016 election was America’s changing manufacturing landscape, which arguably handed Donald Trump the presidency. However, all the half-truths about “bad trade deals” sending jobs overseas distracted from the real culprit behind the death of the American factory worker — automation. Research suggests that up to 85 percent of all manufacturing jobs lost over the last several decades were lost to technological strides, not globalization.

In an interview with Mike Allen of Axios, Treasury Secretary Steve Mnuchin’s comments on the rise of artificial intelligence (AI) were completely and utterly baffling, particularly in light […]

Coal Mining Jobs Trump Would Bring Back No Longer Exist

Coal Mining Jobs Trump Would Bring Back No Longer Exist

In Decatur, Ill., far from the coal mines of Appalachia, Caterpillar engineers are working on the future of mining: mammoth haul trucks that drive themselves.

The trucks have no drivers, not even remote operators. Instead, the 850,000-pound vehicles rely on self-driving technology, the latest in an increasingly autonomous line of trucks and drills that are removing some of the human element from digging for coal.

Estimating the employment gains and losses from moves to regulate greenhouse emissions has become a political exercise.The U.S. Chamber of Commerce, which has opposed carbon regulations, warned that former President Barack Obama’s signature Clean Power Plan […]

A robot job invasion: U.S. feds shrug it off, Canada feds fret, so who’s right?

A robot job invasion: U.S. feds shrug it off, Canada feds fret, so who's right?

WASHINGTON — Should we be preparing for the coming invasion of job-stealing, career-crushing robots? It’s a question that’s moved from science-fiction novels to the tip of policy-makers’ tongues.

Canadian and American policy-makers have just delivered very different answers.

Canada’s finance minister tabled a budget that mentioned artificial intelligence and skills training dozens of times, with entire sections on each subject and $5.2 billion for worker re-training.His U.S. counterpart: not so worried about a wave of job-killing automation."It’s not even on our radar screen," U.S. Treasury Secretary Steve Mnuchin told the Axios website last week. "(It’s) 50-100 more years (away)… I’m not […]

YUM CEO: Machines could ‘run the world’ by the mid to late 2020s

YUM CEO: Machines could 'run the world' by the mid to late 2020s

robot manufacturing factory In an interview with CNBC’s Sarah Eisen on Tuesday , Yum Brands CEO Greg Creed spoke about how he sees technological innovation developing over the next decade or two, and how his industry has already seen changes.

"I’m not sure we’re going to have, you know, robots replacing people soon. Though, to be fair, I was in Shanghai just recently at a new Pizza Hut concept store and I was greeted by a robot. And a robot actually greeted me at the door, took me to my table," he told CNBC. He added that he is impressed […]

Robots taking jobs, wages from US workers

Robots taking jobs, wages from US workers

SAN FRANCISCO

Robots are replacing American workers and significantly slashing wages, according to a report Tuesday.

Researchers behind the survey examined decades of employment data released by the government from 1990 to 2007. They found that for every new robot installed at a factory, the jobs of 6.2 people were eliminated, on average.In addition, economists found that for every robot added per 1,000 workers, all wages were reduced between 0.25 and 0.5 percent in that surrounding area.Automation, the report contends, effects nearly everyone in the labor force, not just manual laborers who are in positions that do not need a […]