Automation Wont Create New Jobs Like Technology Did In The Past

In the past few years, even as the United States has pulled itself partway out of the jobs hole created by the Great Recession, some economists and . 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. "If you think about a new technology, it does two things: It substitutes for existing labor, but it also compliments the creation of new jobs—making the AI, and using 1 Jun 2017 We were thrilled to learn marketing […]

What driverless trucks might tell us about jobs and the rise of the robots

Far too much of the chatter about jobs and technology is built around static analysis. Robot workers replace human workers. Assuming much smarter machines — such as self-driving vehicles — here comes mass technological unemployment.

But the effect of tech on labor markets is dynamic , not static. Automation may increase demand for goods and services, and thus the jobs producing them, by allowing their production to be performed more cheaply. This is the story of ATMs and teller jobs, for instance. (Just as importantly, tech progress can create new tasks and more employment opportunities.) And it also might be […]

Amazon Go And The 2.3 Million Cashiers It Could Leave Behind

Last week, Amazon opened its first automated grocery store in Seattle – Amazon Go – allowing customers to stroll in, grab the items they need, and leave without having to stop at check out. This is all thanks to cameras and AI algorithms that track what shoppers pick up along the way, eliminating the need for cashiers entirely.

Known for its ever-changing, groundbreaking technological innovation, Amazon has been shifting the retail landscape since day one – not only for consumers but for employees . So what could this latest change mean for American retail workers?

JUST Capital’s wage model includes estimates […]

Since a lot of jobs are going to be automated what skills should

Some office automation equipment will foster jobs that require less skill than do manual operations, but many jobs found in an automated office require a higher were increased by automation and that this would help them obtain salary increases, even though only 30 percent of them had achieved such increases since 13 Jul 2017 Similarly, as automation reduces the need for administrative skills, other attributes will become more sought after in the workplace. 19th century, in which a group of English textile artisans protested the automation . "The dire predictions that robots are taking our jobs are overblown," Lund […]

Robots gain ground in ecommerce warehouses

Robots gain ground in ecommerce warehouses

For a vision of the future at the processing core of the logistics industry, take a look inside Ocado’s new warehouse near the southern English town of Andover.

Hundreds of cuboid units with a flashing light and antennas scuttle across a vast grid, accelerating and slowing down with a mechanical grace that prevents collisions.

Although the scene may resemble a secret industrial installation in a science fiction film, these robots are in fact carrying out a rather mundane task: picking out groceries. Ocado ’s state of the art facility is at the forefront of the technological changes taking place in the […]

The King File: Future of Work, Euro Trains, the Grammys

The King File: Future of Work, Euro Trains, the Grammys

Bruno Mars poses in the press room with his awards for best R&B album, record of the year, album of the year, best engineered album, non-classical, for "24K Magic," and song of the year, best R&B performance and best R&B song, for "That’s What I Like" at the 60th annual Grammy Awards at Madison Square Garden on Sunday, Jan. 28, 2018, in New York. (Photo by Charles Sykes/Invision/AP)

[IS] Opinions

Work Is Not What It Was and It May Not Be Again It used to be that when you left school or college, you sought to hook up with an […]

Union Budget 2018: AI and robotics need more funds and policy framework, say home-grown pioneers

Union Budget 2018: AI and robotics need more funds and policy framework, say home-grown pioneers

How artificial intelligence is transforming the stock market The business impact of Artifical Intelligence (AI) and robotics is rising by the day, and these frontier techs are fast reshaping industries and providing better and faster services. Industries depend on AI to mine data accumulated for years, helping unravel disruptive technological breakthroughs. IB Times caught up with home-grown robotics and AI luminaries to find out how Budget 2018 can help boost this sector.

Several recent reports said India and Japan will work together to introduce AI and robotics in the defence sector. This would equip India’s armed forces with a host […]

Amazon’s New Supermarket Could Be Grim News for Human Workers

Amazon’s New Supermarket Could Be Grim News for Human Workers

When Amazon announced, in June, that it was buying Whole Foods, for $13.7 billion, speculation arose about what, exactly, the world’s biggest online retailer planned to do with the high-end supermarket chain. Amazon had taken steps to enter the business of selling fresh food, but it was far from the company’s areas of expertise. Some noted that Amazon was, and continues to be, one of the most aggressive investors in robotics and artificial-intelligence technology. Five years ago, Amazon purchased Kiva, a company that produces mobile robots that would make it easier to automate Amazon’s distribution centers, potentially saving the […]

How Prediction Markets Help Reduce Economic Uncertainty

How Prediction Markets Help Reduce Economic Uncertainty

While it’s not possible to stop the future from changing, prediction markets give us the next best alternative: the ability to predict the ever-changing future.

Like it or not – and most of us don’t – our world is in flux. We live in times of unexpected political swings, economic uncertainty, rapid technological advances and constant social change.

The last few years have typified this state of flux. In the political world, French President Emmanuel Macron scored a decisive electoral victory over Marine Le Pen, the UK voted to exit from the European Union, while Donald Trump was, against pollster’s predictions, […]

‘Don’t Think A Robot Could Do This’: Warehouse Workers Aren’t Worried For Their Jobs

'Don't Think A Robot Could Do This': Warehouse Workers Aren't Worried For Their Jobs

Chris Beatty, 26, works at a Radial warehouse in Burlington, N.J. The wheels of a tall, metal cart squeak as Chris Beatty, 26, pulls it through a maze of aisles inside a cosmetics warehouse in Burlington, N.J.

A hand-held scanner helps Beatty find specific items, such as face cream or lipstick — to be sorted, packed and shipped to online customers. In his industry, this is called picking.

Asked if a robot could do his job, Beatty responds with a long pause. "That’s a tough one," he says eventually, "but I don’t think a robot could do this."Or, maybe he […]