Tag: consumer

Good Society: What Needs To Be Done

Good Society: What Needs To Be Done

Marc Saxer Trump, Brexit, Le Pen. Right-wing populist revolts are shaking the liberal order. Progressives, however, lack the strength to rein in global capitalism, break the neoliberal hegemony and fight back that populist challenge. To save democracy, we need to get down to work on three construction sites: a new economic model, an identity narrative and a new approach to organizing struggles. The Human Economy

Ever since the Second Industrial Revolution petered out, global capitalism has faced a demand crisis. If you now think that all we need is to stop austerity, think again. Over the past decades, developed […]

Automation study: 1 robot takes 5.6 jobs per 1,000 workers

Automation study: 1 robot takes 5.6 jobs per 1,000 workers

Industrial, automated robots build cars for Ford, a company that pioneered the assembly line. Source: Reuters Treasury Secretary Steven Mnuchin raised eyebrows last week by saying he was “not worried at all,” about robots taking jobs, even going so far to say, “I’m optimistic.” According to Mnuchin, “it’s not even on our radar screen…50 to 100 more years.”

According to a new study by researchers at MIT and Boston University, this is very wrong, and the data tell a far different story of robots driving down wages and stealing jobs. The researchers, Daron Acemoglu of MIT and Pascual Restrepo of […]

Automation study: 1 robot takes 5.6 jobs per 1,000 workers

Automation study: 1 robot takes 5.6 jobs per 1,000 workers

Industrial, automated robots build cars for Ford, a company that pioneered the assembly line. Source: Reuters Treasury secretary Steven Mnuchin raised eyebrows last week by saying he was “not worried at all,” about robots taking jobs, even going so far to say, “I’m optimistic.” According to Mnuchin, “it’s not even on our radar screen…50 to 100 more years.”

According to a new study by researchers at MIT and Boston University, this is very wrong, and the data tell a far different story of robots driving down wages and stealing jobs. The researchers, Daron Acemoglu of MIT and Pascual Restrepo of […]

The Rise of the Robots, Reviewed

The Rise of the Robots, Reviewed

Editor’s Note: This is the first in a series of reviews of books, written anytime, anyplace, fiction or nonfiction, that help us to understand contemporary trends in the city. Got an idea for a book that you think puts Dublin in context? Email us at arts@dublininquirer.com.

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At the Spar on Camden Street, a machine makes my coffee. At the Tesco up the way, another machine sells me my groceries. At the Bank of Ireland, a little further on, I can withdraw or deposit money through another machine.All these tasks were once performed by people, who were paid […]

Future of industry: Automation is going to disrupt employment | The National

Future of industry: Automation is going to disrupt employment | The National

Will robots take over your job? Although technology has long affected the labour force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or “knowledge-based” jobs.
Just a few examples: self-driving technology may eliminate the need for taxi, Uber and lorry drivers; algorithms are playing a growing role in journalism; robots are informing consumers as mall greeters, and medicine is adapting robotic surgery and artificial intelligence to detect cancer and heart conditions.
Of 700 occupations in the United States, 47 per cent are at “high risk” from […]

Tech will lead to new sub-prime crunch

Tech will lead to new sub-prime crunch

In October 2016, two leading P2P platforms in the U.S. — Lending Club and Prosper — announced a new increase in interest rates for lower-grade loans. The decision was made in order to sustain investor demand, as the model platforms are operating under challenges faced during the last months due to compliance issues with Lending Club and the general turbulence of the P2P lending industry.

However, keeping the investor demand stable is not the only reason for recent changes — as Lending Club announced, delinquencies are growing, especially when it comes to high-risk loans.

October 2016 was not the first time […]

Do Androids Dream Of Electric Flat Whites?

Do Androids Dream Of Electric Flat Whites?

When we talk about “what’s next” for coffee, rarely does that conversation center on the barista. They are the unchangeable constant across coffee in all its forms—a living, breathing human who manages the machines, the “mano” in the “mano, miscela, macchina” upon which the espresso tradition was built. A human, standing behind a machine, waiting to serve coffee to the world: that’s a barista.

At least, it used to be.

Cafe X —started by 23-year-old college dropout Henry Hu—seeks to automate the making and serving of specialty coffee. But unlike, say, BRIGGO, the HAL-like coffee behemoth at the University of […]

Tech world debate on robots and jobs heats up

Tech world debate on robots and jobs heats up

Advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations (AFP Photo/JUSTIN TALLIS) Although technology has long affected the labor force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or "knowledge-based" jobs.

Just a few examples: self-driving technology may eliminate the need for taxi, Uber and truck drivers, algorithms are playing a growing role in journalism, robots are informing consumers as mall greeters, and medicine is adapting robotic surgery and artificial intelligence to detect cancer and heart conditions.

Of 700 occupations […]

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 […]