Tag: consumption

The Curious Task: The Automation Problem

The Curious Task: The Automation Problem

[Fair warning, this post is a bit long. This is a transcription from a Podcast Episode. If the post is a bit long for your tastes, please consider listening to the podcast episode instead.] Does automation kill jobs?

Since 1900, Manufacturing and Agriculture jobs have diminished a great deal. Using a measurement of total US employment, we can observe there has been damage to employment in these industries. Agriculture went from almost 40% in 1900, to less than 2% by 2010. Manufacturing from 25% in 1900, to just under 10% in 2010.

While automation is not responsible for the total […]

Report: Toledo area most vulnerable to automation in employment

Report: Toledo area most vulnerable to automation in employment

It seems safe to predict tractor-trailers will continue hauling the country’s goods across interstate highways in the near future.

Trucking veteran Ed Nagle, however, goes a step further. Even as autonomous vehicle technology advances and shapes the future economy, he expects a human will occupy big-rig driver’s seats for at least a decade to come.

“I tell people, when you’re ready to send your family up in an airplane without a pilot, then people will start to look at the possibility of an 80,000-pound vehicle going down the road unmanned,” said Mr. Nagle, president and CEO at Nagle Companies of Walbridge. […]

Rise of the Internet Economy in India – Trends Shaping Digital India

Rise of the Internet Economy in India – Trends Shaping Digital India

Digital Transformation is absolutely necessary for businesses that want to remain competitive, but it is also changing the landscape of work as we know it Opinions expressed by Entrepreneur contributors are their own.

You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

The rise of the Internet in the last decade has brought about new business models and market segments that have revolutionized the way in which companies operate today. The nation’s digital economy is poised to undergo explosive growth due to the proliferation of devices, and the Internet economy is predicted to touch the $266 billion mark in 2020, […]

Reskilling for jobs of the future

Reskilling for jobs of the future

The writer is a Cambridge graduate and is a panelist for the British Council’s debate on ‘Re-skilling for jobs of the future’. He tweets @faranmah Imagine that one day you wake up and discover that a robot has taken over your job — making you redundant. As your associate degree in computer science is pretty much outdated, you fail to get the attention of potential recruiters in your city.

However, foresight studies show that our next nightmare isn’t about robots taking over our jobs but is rather about not finding enough humans to take them. This skill crisis is as […]

Rethinking the job paradigm: Need increased focus on developing ‘mass services’ as driver of growth

Rethinking the job paradigm: Need increased focus on developing ‘mass services’ as driver of growth

As we enter the fourth industrial revolution, we have to necessarily ‘reboot’ our models if we have to deliver jobs with growth

Since the industrial revolution in the mid 19th century, countries have followed the twin strategies of manufacturing growth and merchandise exports to create millions of new jobs. (Representational photo) Jobs has become the ‘hottest’ political battle as the Lok Sabha elections approaches, as media reports on jobs data from the NSSO survey, and earlier in 2017 from the labour ministry survey of establishments, point towards job-less growth. While the government has raised questions on the accuracy of […]

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 […]