consumption Archives - Page 27 of 38

‘Rise of the machines’ drives push for ‘universal basic income’

(Photo: Pixabay) A revolution is coming to America and the world, and it’s threatening workers’ livelihoods, warn big tech moguls and politicians.

It’s an automation apocalypse of sorts, some say, and the trend could plunge many of today’s workers into poverty and even homelessness in the near future.

Humans in a wide range of industries could be rendered useless or inadequate in their fields. Telemarketers, bookkeepers, receptionists, delivery workers, customer support specialists, retail salespeople, cashiers, tax preparers, sports referees, machine operators, truckers, taxi drivers, fast-food cooks and warehouse and factory workers are at exceptional risk of being replaced.Welcome to the Artificial […]

Full Post at www.wnd.com

How Will AI Change Work? Here Are 5 Schools of Thought

Yaroslav Kushta/Getty Images The future of the workforce is one of the biggest issues facing CEOs today. It’s abundantly clear to all that artificial intelligence, big data analytics, and advanced robotics make it possible for machines to take on tasks that once required a person to do them. How should companies prepare, strategically, to thrive in this world?

Views on what to expect vary dramatically. By some accounts, almost half of all jobs in the U.S. economy could be made obsolete. Others have described how intelligent machines will actually create jobs — including entirely new categories of jobs. Some people […]

Full Post at hbr.org

500,000 workers at risk of being replaced by robots in Northern Ireland over next 10 years: report

The rise of robotic machinery means manufacturers are increasingly cutting down on manpower, with a negative knock-on effect on employment rates Nearly 500,000 workers in Northern Ireland, from typists to bank clerks, will risk being replaced by technology over the next 10 years, according to a report today.

The knowledge economy index from Connect – part of Catalyst NI – said typists were at the highest risk of being displaced by technology, followed by bank and post office clerks.

But professions such as nursing and teaching were at the lowest risk of being displaced as a result of technological advances.However, the […]

Full Post at www.belfasttelegraph.co.uk

The Good News About Automation

While a new report projects automation will replace many workers in the next 12 years, other changes may spur opportunities for both companies and humans. Automation could replace up to one-third of the global workforce by 2030, according to the latest McKinsey report, Jobs Lost, Jobs Gained: Workforce Transitions in a Time of Automation . But as staggering as that prediction is, experts say the biggest impact for companies may come from elsewhere in the 160-page study.

The good news is that, even if millions of workers lose their jobs, rising consumption, an aging population’s new demands and the continuation […]

Full Post at hreonline.com

GDP of Ireland could receive a near €50 billion boost from AI

Artificial Intelligence could see Ireland’s GDP raised by just under €50 billion in the next 12 years. A new study also finds that the technology could significantly aid both public and private sector productivity, and even boost jobs in the Republic.

A new report from PwC has stated the case for Artificial Intelligence (AI) in Ireland. According to the Big Four professional services firm, AI could add 11.6% – or €48 billion – to Ireland’s GDP by 2030. Analysts calculated this projected impact will be driven largely by the possibility for product enhancements (7.9% of GDP in 2030) increasing […]

Full Post at www.consultancy.uk

Let’s stop pretending. Automation will annihilate jobs and this is goddamn fantastic.

The creator of jobs is innovation and the destroyer of jobs is automation — there is no natural reason for these to balance each other out

I’ve been seeing a lot of op-ed type articles recently about how automation will not have a net negative impact on jobs, but may actually create more of them. See here , here and here .

In the long term, this is ridiculous. It all boils down to the fundamental economic equation of supply equals demand. Another way of saying this is: we must consume as much as we produce. In the equation below, […]

Full Post at analogmantra.com

Growth pangs

India’s GDP forecast of 6.5 per cent is an impressive number but sadly not enough

The most remarkable achievement in terms of economic progress of the past quarter-century has been China. The People’s Republic of China cast of years of Mao’s idiosyncratic policies and opened up. As a result of this, not only has China become a global economic powerhouse, but it has successfully managed to raise hundreds of millions of people out of poverty and deprivation. One could argue that Chinese economic growth is not equitable, much of the profit has been taken by those who know the […]

Full Post at www.dailypioneer.com

Sexual harassment backlash and crypto currency frenzy: top trends for 2018

2018 will be a year fraught with celebrity scandal, economic upheaval and leaps forward in applied technology, if a Sydney-based entrepreneur is to be believed. Here are some of futurist Ross Dawson’s top predictions.

In 2018 we’ll see further breakthroughs involving gene editing technology , as the first human clinical trials involving CRISPR gene editing begin in the US and Europe.

The trials, which are aimed at fixing genetic diseases in the US and Europe, will bring us closer to a future where genetic engineering could be used for non-medical purposes. It could even see the rise of so-called "designer babies". […]

Full Post at www.9news.com.au

Universal Basic Income – More than just fighting robots

Robots and artificial intelligence (AI) are here to stay. They’ll only become more and more efficient and intelligent. It’s not unnatural to ask the question: will these robots make us all redundant one day? Only time can tell how the future unfolds. The question to ask now is: what to do?

After World War II, it became a necessity for housewives to join the labour force. Mass education disturbed traditional professions and way of life. As children of farmers and artisans got educated, they entered their parents’ profession less and less. As a necessity, these sectors became mechanised and slowly […]

Full Post at www.thedailystar.net

Universal Basic Income – More than just fighting robots

Robots and artificial intelligence (AI) are here to stay. They’ll only become more and more efficient and intelligent. It’s not unnatural to ask the question: will these robots make us all redundant one day? Only time can tell how the future unfolds. The question to ask now is: what to do?

After World War II, it became a necessity for housewives to join the labour force. Mass education disturbed traditional professions and way of life. As children of farmers and artisans got educated, they entered their parents’ profession less and less. As a necessity, these sectors became mechanised and slowly […]

Full Post at www.thedailystar.net