Category: Automation Impact on Jobs

The Gradual Disappearance of Jobs

The Gradual Disappearance of Jobs

Stuck Between Fantasy And Reality
From the very beginning of industrial era, the idea of replacing humans with machines caught on and has persisted, to the point of appearing credible today. Indeed, breakthroughs in artificial intelligence are raising concerns about the significance of humankind in the future. That still far event horizon forecasts a society lead by strong artificial intelligences which may bring us to our obsolescence. Homo sapiens will be at best forced to the margins of active duty like the utopian post-work post-scarcity society in Iain M. Banks’s science-fiction The Culture Series,; and at worse, wiped […]

51% of all job tasks can be handled by today’s automation

So says the article below.

I find this part interesting:
The future the McKinsey report suggests isn’t the alarmist dystopia of permanent mass unemployment. Instead, it suggests that people who enter the workforce, or can adapt to it, after this jerk forward will face a starkly unsaturated job market. The demand for labor, it says, will be far greater than the supply many developed countries will be able to provide if they want to hit their GDP growth aspirations.
I do think its premature to say everyone is going to get laid off and replaced by […]

Employment: IBM would have a dual speech in the United States

Employment: IBM would have a dual speech in the United States

IBM is embroiled with Donald Trump on employment, but continues to lay off and relocate at all costs. Here is the conclusion of a Bloomberg survey devoted to Big Blue and its circumvolutions on employment since the arrival of Donald Trump to the presidency of the United States.

On the one hand, IBM has decided to recruit 25,000 employees over 4 years, in the wake of Donald Trump’s desire to give more jobs to American citizens. Last November, IBM completed its third wave of dismissal of the year according to employees contacted by the agency. These sources quantify in […]

Why Anxiety Around Automation is Absurd

Why Anxiety Around Automation is Absurd

In his recent intriguing TED Talk , David Autor, Ford Professor of Economics and associate head of the MIT Department of Economics, identifies and explains the understanding of how technological advancement impacts employment – and how.

He generously shared with me the research paper that preceded this TED Talk. Here are my takes from how the intelligence from this research will apply to the accounting profession.

How Automation Impacts Employment and Types of Jobs Autor’s research points out that while automation does substitute for labor, it also complements labor and raises output in ways that lead to higher demand for […]

Business Leaders at Davos Put Job Loss Blame on Technology

Business Leaders at Davos Put Job Loss Blame on Technology

Dusk falls on Davos. [Image: World Economic Forum / Ciaran McCrickard] World leaders, business and otherwise, are gathered for a top tier economic forum in Davos , Switerzland, bringing the Swiss town’s population from a mere 11,000 to over 30,000. This forum, described by the NY Times as “the world’s most expensive networking event”, is attended this year by political leaders such as Theresa May, Britain’s Prime Minister, as well as Chinese President Xi Jinping. Also to be found at this year’s star studded event are the likes of Matt Damon and Formula One driver Nico Rosberg.

It’s not just […]

Automation may curtail employment opportunities: C Rangarajan

Automation may curtail employment opportunities: C Rangarajan

C Rangarajan has cautioned that automation which is part of "Digital Age" may curtail employment opportunities. HYDERABAD: Former Reserve Bank Governor, C Rangarajan today cautioned that automation which is part of "Digital Age" may curtail employment opportunities to people even though it is expected to create jobs at "higher" levels.

"Though the situation in India with regard to replacement of jobs by machines is not alarming, it should be noted for future considerations," Rangarajan said at the Seventh Foundation Day Lecture at the ICFAI Foundation for Higher Education (IFHE) here.

Lakshmi Narayana, vice chairman of Cognizant delivered the keynote address titled […]

51% of all job tasks could be automated by today’s technology

Automation in the workplace has been one of the looming existential threats to American workers for years now. And with each new study published, the fear of robots, machines, and artificial intelligence coming to take our jobs ticks higher.

But a new report from McKinsey finds that the future of work and automation isn’t quite the zero-sum game when it comes to jobs as some perceive.

Right now, 51% of job activities could be automated with “currently demonstrated” technology, the McKinsey report says. The distinction is noteworthy: McKinsey isn’t saying half of all jobs can be automated with existing technology, but […]

Automation may curtail employment opportunities: Rangarajan

Automation may curtail employment opportunities: Rangarajan

Hyderabad, Jan 24 (PTI) Former Reserve Bank Governor, C Rangarajan today cautioned that automation which is part of “Digital Age” may curtail employment opportunities to people even though it is expected to create jobs at “higher” levels.

“Though the situation in India with regard to replacement of jobs by machines is not alarming, it should be noted for future considerations,” Rangarajan said at the Seventh Foundation Day Lecture at the ICFAI Foundation for Higher Education (IFHE) here.

Lakshmi Narayana, vice chairman of Cognizant delivered the keynote address titled ‘Digital Way Forward’.“Until recently, until the dawn of the digital age, the replacement […]

Call to Create Jobs, or Else, Tests Trump’s Sway

Call to Create Jobs, or Else, Tests Trump’s Sway

President Trump summoned the titans of American business to the White House on Monday for what was billed as a “listening session,” but it was the new president who delivered the loudest message: Bring back domestic manufacturing jobs, or face punishing tariffs and other penalties.

The contrast between Mr. Trump’s talk and the actual behavior of corporate America, however, underscored the tectonic forces he was fighting in trying to put his blue-collar base back to work in a sector that has been shedding jobs for decades.

Many of the chief executives Mr. Trump met with have slashed domestic employment in recent […]

Will Automation Take Away Job In Singapore?

Will Automation Take Away Job In Singapore?

It wasn’t so long ago when Singaporeans were lamenting that foreign talents are taking away their jobs.

Senior managements of MNCs were staffed with expatriates from the home country and Changi Business Park was given the dubious title of “Changalore Business Park”.

About 4 years ago, the government listened to the ground sentiment and tightened the quota to hire foreign talents in hope to maintain social harmony.Fast forward to 2017, we are soon going to be lamenting another type of “talents” taking away our jobs.And you can say it to their face – they won’t get offended. Enter the robot era […]