Tag: consumption

Are we edging towards a ‘universal basic income’? Tesla boss Elon Musk says cash handouts from governments ‘will be necessary’ as AI takes over human jobs

Are we edging towards a 'universal basic income'? Tesla boss Elon Musk says cash handouts from governments 'will be necessary' as AI takes over human jobs

Billionaire Elon Musk has said cash handouts ‘will be necessary’ if robots take human jobs, in his latest flurry of tweets.

Musk made the comment in response to a question from a Twitter user about whether he supported universal basic income (UBI) – a cash handout that could be given to people irrespective of their employment.

Musk believes UBI could be a possible solution for unemployment caused by machines taking over the workforce.Scroll down for video Billionaire Elon Musk has said cash handouts ‘will be necessary’ if robots take human jobs, in his latest flurry of tweets Billionaire Elon Musk has […]

Are we edging towards a ‘universal basic income’? Tesla boss Elon Musk says cash handouts from governments ‘will be necessary’ as AI takes over human jobs

Are we edging towards a 'universal basic income'? Tesla boss Elon Musk says cash handouts from governments 'will be necessary' as AI takes over human jobs

Billionaire Elon Musk has said cash handouts ‘will be necessary’ if robots take human jobs, in his latest flurry of tweets.

Musk made the comment in response to a question from a Twitter user about whether he supported universal basic income (UBI) – a cash handout that could be given to people irrespective of their employment.

Musk believes UBI could be a possible solution for unemployment caused by machines taking over the workforce.Scroll down for video Billionaire Elon Musk has said cash handouts ‘will be necessary’ if robots take human jobs, in his latest flurry of tweets Billionaire Elon Musk has […]

Elon Musk: Free cash handouts ‘will be necessary’ if robots take humans’ jobs

Elon Musk: Free cash handouts ‘will be necessary’ if robots take humans' jobs

Billionaire tech titan Elon Musk has been tweeting quite a lot of late — about everything from his philosophical mentors ( Douglas Adams and Isaac Asimov ) to his political leanings (he’s a socialist).

But nearly lost in a flurry of tweets, Musk now says that universal basic income (UBI) — essentially, free cash handouts — "will be necessary over time if AI [artificial intelligence] takes over most human jobs."

That’s what Musk tweeted Friday in response to a question from a Twitter user who asked him if he supported UBI. Universal income will be necessary over time if AI takes […]

Accuracy through automation

Accuracy through automation

Open your hand. Do you see it there? Sitting snugly in the crook of your palm is a combination of two delicious chocolate wafers with a terribly sweet cream filling sandwiched in between. You pinch the delightful concoction between two fingers and read the letters across the middle: O-R-E-O. Then you notice another in your other hand. There’s another on the table in front of you next to a tall glass of milk. Next to that glass is the rest of the package. Go on, treat yourself.

Since 1912, the Oreo has been a staple of our snack food consumption. […]

Staying on top of the robots

Staying on top of the robots

Lee Jong-wha
*The author, a former chief economist at the Asian Development Bank, is a professor of economics at Korea University.

South Korea topped the list for concentration of industrial robots in the manufacturing industry in 2016, with 631 multipurpose robots for every 10,000 workers. This far outpaced the worldwide average concentration of working robots, which was just 69. As the role of robotics and artificial intelligence in our everyday lives grows, so does concern about the future job opportunities for human workers.
Recent advances in computing and IT and the acceleration of automation are believed to contribute to rises […]

Robots to the Rescue—of Manufacturing

Robots to the Rescue—of Manufacturing

It’s mostly accepted wisdom in policy circles: automation means that manufacturing employment is destined to follow the historical example of farm work, becoming a negligible share of the U.S. workforce. Even those who embrace the Trump administration’s efforts to “onshore” factories say that we should be “honest about the facts,” especially to those Americans still out of work. The erudite Ben Sasse, a senator with a Ph.D. in history, has called the transformation an “irreversible trend.”

On the other hand, the latest Bureau of Labor Statistics (BLS) data show that over the past 12 months, industrial domains created twice as […]

Job growth is on the rise, but who’s getting hired? Mary Meeker Report 2018

Job growth is on the rise, but who’s getting hired? Mary Meeker Report 2018

Employment and careers highlights from Mary Meeker’s annual Internet Trends Report covering transport, the on-demand economy, shifts in work-life values and the inevitable robot apocalypse.

Although the statistics from Mary Meeker’s Internet Trends Report are largely sourced from the US, trends seem to be reflective of an overall global net positive. The Report focused on the effects of technology and on-demand work platforms – Uber, Etsy, Waze and Airbnb – on the labour market. It’s mostly looking good, the robots aren’t taking over. Yet.

In her presentation at the Rancho Palos Verdes, California, Code Conference; Meeker touched on the […]

Rage against the machine

Rage against the machine

“I visualize a time when we will be to robots what dogs are to humans”, said Claude Shannon, the father of information theory, in an interview to Omni Magazine in 1987. From Alan Turing to Stephen Hawking, many renowned scientists and thinkers have shared a similar concern. But at this juncture of history, automation is helping a few powerful individuals to see humans as pets.

Whether machines will be able to take control of humans in the future is debatable. But these bots are definitely eating up our jobs. In the oil and gas sector alone, profits have risen tenfold […]

AI and Automation in HR: Impact, Adoption and Future Workforce

AI and Automation in HR: Impact, Adoption and Future Workforce

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Artificial intelligence (AI) has been changing our lives for decades, but today its presence is bigger than ever before. Sometimes, we don’t even realize it when a new AI-powered system, tool, or product appears and outperforms us, humans. In fact, AI is affecting human life on all kinds of levels varying from: The automation of tedious, time-consuming tasks to;

The augmentation of human capabilities and; The amplification of human functions. “While most of the use of this AI technology is still elementary at the moment, it is radically transforming […]

To ‘Protect’ Workers, World Bank Calls for Eliminating Minimum Wage, Giving Employers More Power

To 'Protect' Workers, World Bank Calls for Eliminating Minimum Wage, Giving Employers More Power

"Burdensome regulations also make it more expensive for firms to rearrange their workforce to accommodate changing technologies," the report noted.

In a major blow to labor rights, the World Bank in its annual flagship report, World Development Report, has called for the credit-states or "poor countries" to have fewer workers’ regulations, like eliminating a requirement for minimum wage, allowing the employers to fire workers without cause, and repealing laws limiting abusive employment contract terms.

The World Bank Report makes urgent policy recommendations to governments, and in its working draft it raised concerns over the growing use of artificial intelligence, […]