Category: Basic Income

Robots vs. jobs: Report says automation will displace up to 375M workers by 2030

Robots vs. jobs: Report says automation will displace up to 375M workers by 2030

A worker keeps watch on a riveting robot inside the mid-body fuselage of a 777 jet. (Boeing Photo) The latest robot report has bad news for laborers and office support staff, good news for techies and healthcare workers. India looks bright, while Japan could face the toughest stretch.

Those are just some of the takeaways from McKinsey Global Institute’s data-packed analysis of the effects of automation on employment between now and 2030. The bottom line? Hundreds of millions of workers around the world will be displaced due to the revolutions in robotics and artificial intelligence.

“Displaced” is the key term: Many […]

McKinsey: Massive Govt Investment Will Be Needed After Automation Wipes Out Jobs

McKinsey: Massive Govt Investment Will Be Needed After Automation Wipes Out Jobs

Humanoid robots work side by side with employees on the assembly line at a factory of Glory Ltd., a manufacturer of automatic change dispensers, in Kazo, north of Tokyo, Japan, in this July 1, 2015 file photo. REUTERS/Issei Kato/Files A new report from the international consulting firm McKinsey and Co. says heavy government investment in job training, education and unemployment assistance will be needed to mitigate automation’s costs to labor.

The international workforce must be more dynamic and flexible in transitioning from increasingly automated industries to emerging and expanding ones, according to the study .

As many as 800 million jobs […]

Tennessee Reportedly “Intrigued” with Mike Leach

Tennessee Reportedly “Intrigued” with Mike Leach

(Photo via Fox Sports) Tennessee’s head coaching search continues to twist and weave its way around the country. And now there’s reportedly interest in a coach all the way over in Washington.

Bruce Feldman of FOX Sports reported on Wednesday morning that Tennessee athletic director John Currie is “ intrigued ” in Washington State head football coach Mike Leach. But there’s reportedly a hangup from Currie’s side of things.

According to Feldman, Currie doesn’t like the fact that Leach sued Texas Tech, his former employer, and that’s “a tough one for him and the Vols to get past.”Mike Leach sued Texas […]

Nick Clegg: Artificial Intelligence is an opportunity, not a threat

Nick Clegg: Artificial Intelligence is an opportunity, not a threat

AI kicks off: robots play football in a demonstration of artificial intelligence at the stand of the German Research Center for Artificial Intelligence at the CeBIT Technology Fair (Photo by Sean Gallup/Getty Images) Something extraordinary happened when Lee Sedol, 18-times world champion of the board game Go, came up against Deepmind’s AlphaGo program last year.

That match ended in a historic 4-1 victory for the computer, a feat which many artificial intelligence experts had thought was 10 years away.

During the second game, AlphaGo played a move – move 37 – which left everyone watching, from the audience to the Go […]

Oh yes, the robots are definitely coming for our jobs

A study from the McKinsey Global Institute claims that between 400 and 800 million people worldwide could have their jobs replaced by automation by the year 2030, Axios reported Wednesday . For American workers, the study predicts somewhere between 48 and 54 million people would have to change jobs, and more than 70 million employees could be displaced completely.

Advanced economies, like the United States and Germany, are likely to see employment declines in jobs that are done in what the study refers to as "predictable settings." Things like office support, customer interaction, assembly line production, driving, and even food […]

Many over-50s ‘underestimate life expectancy and pension savings needed’

Many over-50s 'underestimate life expectancy and pension savings needed'

Many people over the age of 50 are underestimating how long they will live for, which means they are potentially risking not having enough money for the whole of their retirement.

Research by Retirement Advantage found that 78% of people in their 50s thought they would live to 82. However, Government statistics estimate that men aged 50-64 will live to be 88, while women of the same age will make it to age 90.

To add to the problems, these are just averages. Some of the millions of people who are underestimating how long they will live could end up enjoying […]

Retirement Success Isn’t About Net Worth, It’s About Net Income

Retirement Success Isn't About Net Worth, It's About Net Income

If you’re wondering if you have enough saved to retire, you won’t find the answer to that critical question on the bottom of your 401(k) statement. Getty Images This isn’t your grandparents’ retirement.

America’s move from pensions to 401(k)s and IRAs has changed the way most workers think about their retirement money — and not for the better.

Traditional pensions were designed to provide participants with guaranteed income — and the people who have them typically think of their benefits in those terms. They know what their monthly pension check will be in retirement, or what percentage of their old salary […]

Universal Basic Income Could Give U.S. Economy $2.5 Trillion Boost, Study Claims

Universal Basic Income Could Give U.S. Economy $2.5 Trillion Boost, Study Claims

Universal Basic Income.Adam Brown/Vimeo There have been a lot of financial and tech experts supporting the idea of Universal Basic Income (UBI). Some are doing so to offset the job losses that automation will cause and others are promoting UBI for the economic benefits. According to a recent study, the latter case might be worth a $2.5 trillion boost to the U.S. economy.

The study was conducted by researchers from the Roosevelt Institute and according to their findings, UBI could be a huge boon to the U.S. economy if it was implemented. This could be done in three different ways, […]

Universal Basic Income: how to create a renewed sense of purpose

Universal Basic Income: how to create a renewed sense of purpose

In his recent Harvard Commencement speech , Marc Zuckerberg talked about the importance of giving people purpose: “We should have a society that measures progress not just by economic metrics like GDP, but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to give everyone a cushion to try new things. To keep our society moving forward, we have a generational challenge: to not only create new jobs, but create a renewed sense of purpose.” One point many picked up on was his mention of Universal Basic Income (UBI). […]

Canada tests ‘basic income’ effect on poverty amid lost jobs

Former security guard Tim Button considers how a sudden increase in his income from an unusual social experiment has changed his life in this Canadian industrial city along the shore of Lake Ontario…. Related Posts Time for a national fund that chips away at money bail and stops criminalizing poverty usatoday.opinion (Today) – Pretrial jail time damages low-income Americans and further devastates disadvantaged communities. …

Around one in 10 medical products in low, middle-income countries substandard or falsified: WHO – Firstpost news.google.co.in (Today) – FirstpostAround one in 10 medical products in low, middle-income countries substandard or falsified: WHOFirstpostNew […]