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Is India prepared for ‘fourth industrial revolution’?

Is India prepared for ‘fourth industrial revolution’?

The disruptive technologies such as artificial intelligence (AI), robotics, automation and Internet of Things (IoT) have become an integral part of our everyday lives. The disruptive technologies such as artificial intelligence (AI), robotics, automation and Internet of Things (IoT) have become an integral part of our everyday lives. They will, in the next two decades, create digital factories and completely transform the IT service business models, which will have a huge impact on the job market.

The rise of these technologies is being called the fourth industrial revolution, which raises concerns over job security as many people, in the past, […]

This Is The Hidden Challenge In The Future Of Work

This Is The Hidden Challenge In The Future Of Work

[Photo: Rawpixel/iStock] On the heels of a mostly positive jobs report from the Bureau of Labor Statistics (BLS) (4.6% unemployment is the lowest it’s been in nine years), the McKinsey Global Institute (MGI) released a more sobering snapshot of the world of work.

A briefing by MGI director James Manyika, compiled from the company’s extensive research, took a deeper dive into employment numbers. He writes: In the United States and the 15 core European Union countries (E.U.-15), there are 285 million adults who are not in the labor force—and at least 100 million of them would like to work more. […]

Forget Robots—People Skills Are the Future of American Jobs

Forget Robots—People Skills Are the Future of American Jobs

You might call it pink-collar work. Experts call it the future of the labor market.

Automation may be gutting American manufacturing jobs, but there’s one thing the robots still can’t beat us at: people skills.

It just so happens that the future of American labor will require a lot of them.The occupations projected to add the most jobs in the next 10 years, according to the Bureau of Labor Statistics , all require people skills—like home health aides, registered nurses, and retail and service workers.Yet the jobs the president-elect has focused on reviving—mostly in manufacturing, dominated by men—are the ones most […]

PRESENTING: Yahoo Finance’s chart of the year

PRESENTING: Yahoo Finance's chart of the year

The biggest story in the world this year — markets, economics, politics, anything — was the US presidential election win by Donald Trump .

And no single chart told the story of Trump’s election better than the following, which revealed the inconvenient truth about US manufacturing employment and US manufacturing output.

What we see in this chart is the red line showing US manufacturing employment levels about 10% below where they were a decade ago. The blue line shows manufacturing output, which in contrast has fully recovered from the recession and then some.In short, we find that US manufacturing workers are […]

Robo-retail: Amazon’s checkout-free move sounds warning on jobs

Robo-retail: Amazon's checkout-free move sounds warning on jobs

Amazon Go stores will let customers grab groceries and just walkout with the total bill charged to their Amazon account.

In a prescient indicator of the future of retail, Amazon this week opened its first Amazon Go store in its home town of Seattle, an 167-square-metre grocery store that requires no checkout lines – not even self-checkout.

Instead, customers can just grab whatever items they want and leave the store – the order gets logged through instore sensors and charged to your Amazon account via a special app.The ambitious foray into physical retailing is just the beginning of Amazon’s plans to […]

An argument against the idea of an unconditional, universal basic income

During the last years, a growing group of activists, scholars and organisations has been calling for the so-called “basic income”. It pops up almost everywhere now: in news broadcasts, newspaper articles and in countless online endorsements of a nearly evangelical nature.

However, it’s time for a healthy, well-founded counter argument that answers to some of the serious flaws of the idea of a basic income.

The appeal of a basic income is very understandable. The idea is intuitive, practical, and it appears to be free from complex ideological discussions. Moreover, the arguments that are used are simple to understand and are […]

These major cities could afford a $10K per family basic income w/o raising taxes

These major cities could afford a $10K per family basic income w/o raising taxes

There’s been a lot of talk recently about the pros and cons of a universal basic income.

There’s also been a lot of talk about how expensive this would be.

But, from my quick analysis, I actually think quite a few major cities could institute a child based basic income utilizing only existing tax revenues. I. Numerous big cities spend over $20,000 per student Getting accurate city per-pupil spending amounts can be a near impossible task, but nearly all sources I reviewed showed that Washington D.C ., Newark , and New York City spend at least ~$18K a student. I think […]

Jobs For All

Jobs For All

Line for unemployment benefits in San Francisco, CA in 1938. Dorothea Lange / Library of Congress The new issue of Jacobin is out now. To mark its release, we’re offering discounted introductory subscriptions . ull Employment . . . has become an aim of Conservative policy and the strongest argument against socialist critics.” That’s famed economist Joan Robinson, in 1962 trolling to her left and her right. British unemployment had been below 2 percent for most of the period since the war, without runaway inflation. Keynes had solved the problem of unemployment, converted the Conservatives, and stolen the communists’ […]

Money for nothing

Money for nothing

Filippo Nogarin is that rare specimen in Italian politics – an unashamed optimist. Elected mayor of the port city of Livorno in 2014, Nogarin is a member of the controversial Five Star Movement – an anti-establishment party founded by the TV comedian Beppe Grillo . Since then, Nogarin has attempted to position himself as a figure for change at the frontline of the Mediterranean crisis: fighting for economic justice, social equality and environmental protections.

In June this year, the Tuscan municipality launched its most ambitious initiative yet: a basic income scheme to tackle urban poverty – the first in Italy […]

Hamilton activists demand action rather than talk to reduce poverty

Hamilton activists demand action rather than talk to reduce poverty

Basic Income pilot project meeting Stoney Creek News

Hamilton Roundtable for Poverty Reduction member Ursula Samuels demanded the provincial government do something substantive about poverty immediately rather than merely talk about it.

“We need action now,” Samuels told provincial officials towards the end of nearly a three-hour public meeting held by the Ontario government at the Crown Plaza Nov. 22 on implementing a basic income program.“We know what we really need. We face it every day.”Samuels echoed the sentiment that a number of poverty activists proclaimed at the event, greeting about 90 people taking part in the public meeting, one of […]