Tag: consumption

The future of work – golden opportunity or potential disaster?

The future of work – golden opportunity or potential disaster?

The implications of a changing future world of work lie beyond the insomnia of business people. The accelerated automation of work threatens employment and the social contract underpinning society, writes Deidre Samson .

The big, bad, much-touted Fourth Industrial Revolution is truly with us. Driverless cars, delivery drones and robots, and digital assistants making dinner reservations are all a reality and no longer science fiction.

The writing is on the wall. Despite the best efforts of Donald Trump, the world continues to globalise and China continues to rise as a power. Changing demographics herald a new world with different values, […]

The Learning Landscape for 2019

The Learning Landscape for 2019

Here are some key trends that one can expect from the world of learning this year Opinions expressed by Entrepreneur contributors are their own.

In recent years, innovations in artificial intelligence (AI), machine learning and the Internet of Things have been major drivers in transforming businesses, the way we work and our everyday life. While these transformative technologies revolutionized the job market, the skillset demanded by employers has also experienced a major transformation. Organizations across industries are keen on hiring candidates who possess a varied skillset replete with the latest digital skills and an enthusiasm for continuously upskilling during the […]

Myth Debunked: Machines Create More Jobs Than They Destroy

Myth Debunked: Machines Create More Jobs Than They Destroy

Ding Ting/Xinhua/ZUMA MUNICH — Do machines replace humans? Since the beginning of industrialization 200 years ago, we earthlings have been plagued by this fear. From the early uprisings of the weavers to the 1970s "job killer computer" slogan, and up until the 2013 thesis of researchers Michael Osborne and Carl B. Frey, according to whom machines could soon take away every second job. But a German researcher, Terry Gregory of the Institute of Labor Economics (IZA), now presents a very different calculation. According to him, automation has brought Europe an additional 1.5 million jobs in the past decade.

Whether machines […]

Automation threatens a quarter United States jobs by 2030

Automation threatens a quarter United States jobs by 2030

For many sectors of the USA economy, the future of work is automation. Though the United States is in the middle of its second-longest expansion in history, and jobs data suggest that the economy remains healthy, many business leaders and economists have suggested in surveys that the United States could slip into a recession in 2020. "Similarly, the productivity and wage gains brought by automation can result in workers having more disposable income, which increases consumption and hence employment in other industries".

But with new advances in artificial intelligence, it’s not just industrial and warehouse robots that will alter the […]

Automation to hit most jobs, but overall impact ‘muted’: Study

Automation to hit most jobs, but overall impact 'muted': Study

Artificial intelligence and automation will lead to job losses in "virtually all occupational groups" over the coming decades in the United States, but the overall impact on employment will be "muted," a prominent think tank study said Thursday.

"Almost no occupation will be unaffected by the adoption of currently available technologies," said the Brookings Institution study.

The researchers, examining some 800 occupations, concluded that roughly 25 percent of US employment, or 36 million jobs in the United States, would face "high exposure to automation" in the coming decades.But they also pointed out that automation and artificial intelligence "are increasingly looking like […]

Automation to hit most jobs, but overall impact ‘muted’: study

Automation to hit most jobs, but overall impact 'muted': study

Artificial intelligence and robotics will impact most occupations in the coming years, according to a new study, but the overall impact on employment is likely to be "muted" Washington (AFP)

Artificial intelligence and automation will lead to job losses in "virtually all occupational groups" over the coming decades in the United States, but the overall impact on employment will be "muted," a prominent think tank study said Thursday.

"Almost no occupation will be unaffected by the adoption of currently available technologies," said the Brookings Institution study.The researchers, examining some 800 occupations, concluded that roughly 25 percent of US employment, or 36 […]

Automation in Asia. Are They Prepared?

Automation in Asia. Are They Prepared?

In the course of recent years, automation abilities have expanded definitely. Through incorporated work processes and data platforms, a wide scope of opportunities has made it feasible for organizations to automate their day to day and vital procedures so as to expand effectiveness.

Obviously, the majority of that is hypothetical. For tech organizations, particularly those in the fast-developing Asia Pacific region, one concern matters most importantly: is automation justified, despite all the trouble? All the more explicitly, by what means can the idea enable me to enhance incomes and develop my business while keeping up or bringing down operating resources?

The […]

“Lean In” and 8 Other Bad Business Buzzwords

“Lean In” and 8 Other Bad Business Buzzwords

A take on some of the key features of the bad business utopias that are busy colonizing the future. Photo by Morsa Images/Getty Images The near future is more likely to be a neoliberal dystopia than the tech-enabled utopia conjured up by big business, writes Peter Fleming in The Worst Is Yet to Come: A Post-Capitalist Survival Guide . He argues that we need “radical pessimism” to aim for the future we actually want, and aids the effort with sardonic humor that skewers the mythologies of our exploitative economic system.

In 1949, the right-wing economist F. A. Hayek published […]

Spreading wealth to maintain consumption

Spreading wealth to maintain consumption

Image Credit: Boston Consulting Group If you’ve been keeping up with articles about technology, you know that automation, robots, and artificial intelligence are the biggest threat to employment of humans in the United States. What will happen to our society if (as we can imagine) 50 percent or more of humans in our country were unemployed?

Employment is an important part of our lives. It is the mechanism by which we earn the access to goods and services in order to live. And our careers are important in making us feel useful. If wee didn’t have jobs, society would have […]

As told to: Economist Dan North discusses 6 major topics

As told to: Economist Dan North discusses 6 major topics

Photo courtesy of Euler Hermes Weighing the state of economic affairs could help U.S. growers excel.

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The United States government and media outlets regularly tell us about the strength of the economy. But what’s really driving growth, and what are possible concerns and setbacks? Being aware of some of these issues could help growers and their supply chains make informed decisions to stay ahead. Greenhouse Management and Produce Grower recently spoke with Dan North, chief economist for North America at insurance company Euler Hermes , about the U.S. economy. He told us some facts, as well as some […]