Category: Automation Impact on Jobs

Will automation destroy more jobs than it creates?

Will automation destroy more jobs than it creates?

Economists and entrepreneurs say the advent of robots and automation will destroy more jobs than it will create—leading to a world where computers do most of the work and humans do… something else. Some critics say experts are exaggerating when they say the future will be jobless. Automation will replace some tasks, but it will also create new opportunities. The cost of goods will go down. People will still need to program the robots too. What do you think will happen? 🤖

Unlike technological revolutions in the past, automation threatens to replace humans entirely. Already, fast food chains are […]

Will automation destroy more jobs than it creates?

Will automation destroy more jobs than it creates?

Economists and entrepreneurs say the advent of robots and automation will destroy more jobs than it will create—leading to a world where computers do most of the work and humans do… something else. Some critics say experts are exaggerating when they say the future will be jobless. Automation will replace some tasks, but it will also create new opportunities. The cost of goods will go down. People will still need to program the robots too. What do you think will happen? 🤖

Unlike technological revolutions in the past, automation threatens to replace humans entirely. Already, fast food chains are […]

Will automation destroy more jobs than it creates?

Will automation destroy more jobs than it creates?

Economists and entrepreneurs say the advent of robots and automation will destroy more jobs than it will create—leading to a world where computers do most of the work and humans do… something else. Some critics say experts are exaggerating when they say the future will be jobless. Automation will replace some tasks, but it will also create new opportunities. The cost of goods will go down. People will still need to program the robots too. What do you think will happen? 🤖

Unlike technological revolutions in the past, automation threatens to replace humans entirely. Already, fast food chains are […]

Will automation destroy more jobs than it creates?

Economists and entrepreneurs say the advent of robots and automation will destroy more jobs than it will create—leading to a world where computers do most of the work and humans do… something else. Some critics say experts are exaggerating when they say the future will be jobless. Automation will replace some tasks, but it will also create new opportunities. The cost of goods will go down. People will still need to program the robots too. What do you think will happen? 🤖

Unlike technological revolutions in the past, automation threatens to replace humans entirely. Already, fast food chains are […]

Jobs – Automation Annihilation

Jobs – Automation Annihilation

By Garret Galland. Originally published at ValueWalk .

In January, 19 US states raised their respective minimum wages. Washington was among the most generous, hiking by $1.53 (bringing it to $11 per hour). Arizona got an increase of $1.95—their “bottom rung” now sits at $10 per hour.

In all, 4.3 million workers are slated to receive a hike as they earn less than the new minimum wage in their respective states. Well, that’s what’s meant to happen. Judging by the fallout from recent hikes, it seems things aren’t going according to plan. Minimum Wage Massacre DrSJS / Pixabay In February, Wendy’s […]

You want faster productivity growth? Then run a high-pressure economy: An interview with Josh Bivens

You want faster productivity growth? Then run a high-pressure economy: An interview with Josh Bivens

(Jewel Samad/Agence France-Presse via Getty Images) Josh Bivens directs research at the Economic Policy Institute, is a great economist, an old friend, and the author of an excellent new paper I wanted folks to know about. Here he is, answering a bunch of my questions about his new work.

Q: Tell us about the slowdown in productivity growth and why it’s so important?

A: Productivity is a measure of how much income (or output) is generated in an average hour of work in the U.S. economy. Over the long-run, the only way economies can generate higher standards of […]

How inevitable is the AI takeover of jobs? And where does UBI fit in?

How inevitable is the AI takeover of jobs? And where does UBI fit in?

KNOXVILLE, TENNESSEE — Inside a giant warehouse that’s bigger than 4 football fields put together, humans unpack boxes from containers before shuttling them onto a series of robotized conveyor belts. The low rhythmic grunts of people working alongside the hum of machines fill this massive space. It’s just another day at Red Stag Fulfilment , a logistics company that specializes in ecommerce fulfillment and employs around 60 full-time and contract workers who inventory and ship everything imaginable to locations around the USA and worldwide.

In 2027, the idea of humans working alongside intelligent machines might seem like a quaint, even […]

How AI Can Prove Workers’ Best Defense In The Race Against Automation

How AI Can Prove Workers' Best Defense In The Race Against Automation

United Technology’s announcement last November that its Carrier Corp. plant would keep jobs in Indiana rather than move them to Mexico was heralded as a significant victory for American workers. However, the true impact of the deal was hidden below the headlines. United Technologies CEO, Greg Hayes, said the company will invest $16M “to…automate to drive the cost down so that we can continue to be competitive… ultimately…there will be fewer jobs ."

Carrier’s plans underscore a harsh reality: most American jobs aren’t going to Mexico, China or another foreign country, they’re being automated. The workers left behind often struggle […]

Beyond Trump: the hidden threat robots pose to the Mexican economy

Beyond Trump: the hidden threat robots pose to the Mexican economy

Maquila workers in Ciudad Juárez. CHRISTIAN PALMA A similar scene is taking place in the border town of Ciudad Juárez, the heart of Mexico’s low-cost processing and assembly plants located in duty-free zones and known popularly as maquilas . In this labor-intensive sector, robots have also started to take over production processes that until recently required manpower.

Automation poses one of the biggest threats to jobs in the 21 st century. But the Mexican case is particularly painful because of its growth model, in which competitive wages play a key role.

This makes the rise of automation technology every bit as […]

The robots are coming – but not for me

The robots are coming – but not for me

How to tango with a robot

We’re all familiar with the predictions: a new wave of bots, AI, and automated technologies are coming. They will sweep into widespread use and when they strike, the upheaval and disruption will displace millions of human workers from their jobs.

Study after study predicts this, some with very alarming figures. Research from Oxford University and Deloitte states that 35% of UK jobs are at risk of being lost to automation within the next two decades. And according to many experts, the future of the common man under the fourth industrial revolution looks bleak. As […]