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March of the machines

EXPERTS warn that “the substitution of machinery for human labour” may “render the population redundant”. They worry that “the discovery of this mighty power” has come “before we knew how to employ it rightly”. Such fears are expressed today by those who worry that advances in artificial intelligence (AI) could destroy millions of jobs and pose a “Terminator”-style threat to humanity. But these are in fact the words of commentators discussing mechanisation and steam power two centuries ago. Back then the controversy over the dangers posed by machines was known as the “machinery question”. Now a very similar debate […]

Full Post at www.economist.com

Half of the Indian employees are concerned about automation and robotics: City & Guilds Group Skills Confidence 2016 Report

Mumbai: The World Economic Forum (WEF) has already predicted that fourth industrial revolution will further displace the role of humans in the economy in favour of machines and automation. Many experts have estimated that middle-skilled jobs will slowly disappear with a rise in usage of automation, robotics and Artificial Intelligence (AI). However, the City & Guilds Group Skills Confidence 2016 research indicates that the sense of urgency to adapt skills to the changing nature of the economy is not felt amongst employees at large, with many thinking their jobs will not be affected by future trends. This ‘false confidence’ […]

Full Post at skilloutlook.com

Can machines take our jobs without ruining our lives?

Thomas Dworzak/Magnum Photos Inside the machine JOHN MAYNARD KEYNES always assumed that robots would take our jobs. According to the British economist, writing in 1930, it was all down to “our means of economising the use of labour outrunning the pace at which we can find new uses for labour”. And that was no bad thing. Our working week would shrink to 15 hours by 2030, he reckoned, with the rest of our time spent trying to live “wisely, agreeably and well”.

It hasn’t happened like that – indeed, if anything many of us are working more than we used […]

Full Post at www.newscientist.com

Will new technologies put us out of work? A peek into the future

Over the past year, questions about how emerging technologies will impact employment have taken on a new tenor. Will robots take over our jobs? One thing is indisputable: automation and artificial intelligence (AI) will displace workers in the IT and business process outsourcing services industry.

But this is not a new trend.

+ Also on Network World: The 6 hottest new jobs in IT + Such tectonic shifts have occurred every few decades over the last two centuries. With each wave of new technology and each accompanying paradigm shift, jobs have disappeared. During the Industrial Revolution, people feared the loss […]

Full Post at www.networkworld.com

Column: A remembrance of ‘King Otis’

It has been a long time since I was in high school.

My senior year the most valued course was American history taught by Otis Games, who co-incidentally also taught my father. “King Otis” had a way of making history not only interesting, but meaningful. Periodically he would make a comment, “Don’t let the government run the printing presses.” It was not too long before many of us figured out that what he meant was that he was referring to the printing of money.

The next year, it was off to college and I was a business major. The first year […]

Full Post at www.cincinnati.com

Fast-Food Leaders Play Down Minimum Wage During Automation Tests

McDonald’s automated kiosk (REUTERS/Rick Wilking) McDonald’s and Wendy’s are denying a move to test self-service kiosks is connected to a growing movement to raise the minimum wage.

Economists warned increasing the minimum wage is likely to lead to less job opportunities for low-skilled workers. Fast-food and retail establishments have already started using computers and robots to replace low-skilled jobs. McDonald’s and Wendy’s are disputing Tuesday that self-serving computer tests are connected to the minimum wage push.

“An assumption that their use is related to wage or staffing levels is not the case at McDonald’s,” McDonald’s spokeswoman Lisa McComb said. “Staff perform […]

Full Post at dailycaller.com

What will the world of work look like in 2066?

Credit: Getty Images MT at 50: From robot domination to self-led organisations, here are three scenarios of what our working lives could look like in 50 years’ time.

Looking back is much easier than looking forward – when Management Today published its first issue in 1966, Britain was debating decimalisation, the average weekly wage was £14 and workers were enjoying a ‘golden age’ of employment and easy-to-find jobs.

As our Future of Work special report has demonstrated, we’ve come a long way since then, but it’s safe to say that the changes over the next 50 years will be ever […]

Full Post at www.managementtoday.co.uk

Rise of the robots and a jobless future

BY MURRAY BECOTTE

SILICON Valley entrepreneur Martin Ford paints a frightening picture in his book Rise of the Robots: Technology and the Threat of a Jobless Future. Ford argues that artificial intelligence and robotics are causing a revolution that won’t be the same as the industrial revolution where as old jobs were eliminated and more were created with the new technology of the era. Ford believes that as technology continues to accelerate and machines begin taking care of themselves, fewer people will be necessary.

Computers can now work things out for themselves using trial and error to develop their own […]

Full Post at www.chroniclejournal.com

The robots are coming, should we be worried?

In healthcare, AI could advance to the point where it could diagnose conditions and make decisions on treatment. Photo / Getty Images As the use of technology and robots continues to change the way people work, New Zealanders aren’t considering the possibility that their jobs might be impacted or taken over by this according to Massey University research.

The study, conducted by David Brougham from Massey University’s School of Management, showed 87.5 per cent of survey respondents disagreed or strongly disagreed with the statement ‘smart technology, artificial intelligence, robotics or algorithms could take my job’ – results that Brougham said […]

Full Post at www.nzherald.co.nz

Things I didn’t know: Global economic thoughts from Ford’s ‘Rise of the Robots’

Here are some things I learned from Martin Ford’s fascinating book, Rise of the Robots .

— Jobs that go overseas tend to come back, but in automated form. Thus the U.S. textile industry rebounded between 2009 and 2012, with exports rising 37 percent. “The turnaround by automation technology is so efficient that it is competitive with even the lowest-wage offshore workers.” The problem is when the jobs come back, they are filled by robots , so productivity increases, but not employment. Play Video

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Full Post at foreignpolicy.com