Tag: consumer

Most work is new work, long-term study of U.S. census data shows

Most work is new work, long-term study of U.S. census data shows

The majority of U.S. jobs are in occupations that have emerged since 1940, MIT research finds — telling us much about the ways jobs are created and lost.

Publication Date:

April 1, 2024 Press Inquiries Stylized collage shows a vintage photo of an airplane collaged with isometric illustrations of office and healthcare workers. Caption:Most U.S. workers are in occupations that have only emerged widely since 1940, according to a large-scale study of 80 years of U.S. census data, led by MIT economist David Autor.Credits:Image: Jose-Luis Olivares, MIT; iStock This is part 1 of a two-part MIT News feature examining new […]

Does technology help or hurt employment?

Does technology help or hurt employment?

Combing through 35,000 job categories in U.S. census data, economists found a new way to quantify technology’s effects on job loss and creation. Images for download on the MIT News office website are made available to non-commercial entities, press and the general public under a Creative Commons Attribution Non-Commercial No Derivatives license . You may not alter the images provided, other than to crop them to size. A credit line must be used when reproducing images; if one is not provided below, credit the images to "MIT." This is part 2 of a two-part MIT News feature examining new […]

Tech advances to cause job displacements

Tech advances to cause job displacements

Tech advances to cause job displacements Technological advancements hold the promise of improving efficiency, increasing productivity, and enhancing our quality of life. However, alongside these benefits, there is growing concern about the displacement of jobs resulting from automation and digitization. Many traditional jobs will become obsolete, leaving millions of workers without employment opportunities.

The rapid advancement of technology, particularly in areas such as artificial intelligence, robotics, and machine learning, has already begun to reshape industries and redefine the nature of work. Tasks and roles that were once performed by humans are now being automated, leading to fears of widespread job […]

10 Outdated Professions That Are Not Worth Pursuing Anymore (Dying Occupations)

10 Outdated Professions That Are Not Worth Pursuing Anymore (Dying Occupations)

10 Outdated Professions That Are Not Worth Pursuing Anymore (Dying Occupations) 2 To understand how professions become outdated and dying occupations, we must acknowledge the relentless pace of change in today’s technology and how it affects the job market. Technological advancements and shifting economic trends have dramatically reshaped the professional landscape, rendering specific careers less viable than they once were.

This article will explore ten jobs that have been particularly impacted, providing insights into why these professions are now considered obsolete and what emerging trends influenced these changes. Understanding these dynamics is crucial for anyone looking to make informed decisions […]

Exploring the top manufacturing trends shaping 2024; From automation to sustainability

Exploring the top manufacturing trends shaping 2024; From automation to sustainability

Technological advancements in the manufacturing sector play a vital role in the growth of the world economy. Emerging manufacturing trends include industrial automation, smart factories, additive manufacturing, and Artificial Intelligence (AI). However, in the aftermath of the COVID-19 pandemic, manufacturing companies are looking to maintain productivity with reduced manpower.

Hence, startups and scaleups are developing smart sensors, immersive technology gadgets, and wearables that eliminate the need for the physical presence of workers. Simultaneously, companies are shifting to sustainable materials and green energy sources to reduce the carbon footprint of manufacturing facilities and products.

Top 10 Manufacturing Trends in 2024 […]

How automation affect employment in manufacturing?

How automation affect employment in manufacturing?

Automation technology in manufacturing has varied effects on employment. Several studies indicate that automation technology increases total employment and employment at all skill levels in manufacturing firms, suggesting that the productivity effect outweighs the displacement effect . Additionally, automation can lead to the skill upgrading of employment composition, with a higher proportion of high-skilled labor and a decrease in low-skilled labor . Furthermore, automation can have a positive impact on employment in the service sector, offsetting the reduction in manufacturing employment . Studies also show that automation in manufacturing leads to higher profits, lower consumer prices, and higher sales, […]

SURESH BABU: How AI affects carmakers’ workforce is up to us

SURESH BABU: How AI affects carmakers’ workforce is up to us

Legislators should steer the technology to upskill and reskill workers to prepare them for its adoption

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Subscribe now Picture: 123RF Artificial intelligence (AI) has long been a rich source of storytelling: from the HAL 9000 computer — the brainchild of Stanley Kubrick and Arthur C Clarke in the film 2001: A Space Odyssey — to the replicants in the epochal blockbuster Bladerunner and the genocidal Skynet programme in the Terminator franchise.Some […]

Ethical Considerations in Robotics and AI: Navigating the Moral Dilemmas of Automation

Ethical Considerations in Robotics and AI: Navigating the Moral Dilemmas of Automation

In a world where robots and artificial intelligence are becoming increasingly integrated into our daily lives, the ethical considerations surrounding their use have never been more important. From autonomous vehicles to chatbots, the decisions made by developers and programmers can have profound moral implications. Join us as we delve into the complex landscape of robotics and AI, exploring the challenges and dilemmas that arise when navigating the ever-evolving intersection of technology and ethics. Introduction to Robotics and AI

In recent years, robotics and artificial intelligence (AI) have significantly advanced, resulting in the widespread use of autonomous systems in various […]

AI doesn’t have to destroy jobs. It can empower the working class.

An advertisement alongside the World Economic Forum in Davos, Switzerland, on Jan. 18. (Markus Schreiber/AP) There is good reason to believe that artificial intelligence is coming for our jobs. That’s, after all, what information technology has been doing for decades. The tech plutocrats apparently agree that human employment will become the stuff of folklore. They probably don’t mind that all wealth in this world will accrue to the lucky few who own the AI patents. They seem willing to share some of it with regular people through some universal basic income scheme .

Artificial general intelligence, the end goal Silicon […]

Chatbot Market revenue to hit USD 84.78 Billion by 2036, says Research Nester

Chatbot Market revenue to hit USD 84.78 Billion by 2036, says Research Nester

Research Nester Leading chatbots market players include Creative Virtual, eGain Corporation, IBM Corporation, Botsify, Aivo Conversational AI, Acuvate, Chatfuel, Google Inc., Inbenta Holdings Inc., and Bitonic Technology Labs Inc.

New York, March 18, 2024 (GLOBE NEWSWIRE) — The global chatbot market size is predicted to expand at ~22.87% CAGR between 2024 and 2036. The market is projected to garner a revenue of USD 84.78 billion by the end of 2036, up from a revenue of ~USD 5.87 billion in the year 2023.Chatbots are growing in popularity due to increased demand for automation. Companies are looking to reduce their operational […]