Tag: employment

Humanoid robots in the workplace

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The introduction of Tesla’s humanoid robots to perform ‘low-level’ tasks in their factories marks a significant step in the ongoing evolution of automation and artificial intelligence in the workplace.

This move, while a testament to technological advancement, carries profound social implications that extend beyond the factory floor, influencing the future of work, employment patterns, and societal structures.At the core of this development is the potential for increased efficiency and productivity within the manufacturing sector. Humanoid robots, designed to mimic human actions and interactions, can perform repetitive and physically demanding tasks with precision and consistency. This shift can lead […]

Automation and the implications for job market

Automation and the implications for job market

1. "The Rise of Automation: How Technology is Transforming the Job Market"

The Rise of Automation: How Technology is Transforming the Job Market

Automation, powered by advancements in artificial intelligence and robotics, is reshaping the job market at an unprecedented pace. According to a report by the McKinsey Global Institute, by 2030, up to 800 million jobs could be displaced globally due to automation. This transformation is not limited to low-skilled tasks; even roles requiring higher education and specialized skills are at risk. For instance, a study by the Brookings Institution found that nearly 25% of U.S. jobs are highly […]

Advanced manufacturing can transform communities — when done right

Advanced manufacturing can transform communities — when done right

This story is a part of Technical.ly’s Advanced Manufacturing Month . See the full 2024 editorial calendar .

This is a guest post by Ken Malone, a cofounder and executive officer of Early Charm . The Baltimore-based company focuses on commercializing scientific advancements across industries and products.

For some, advanced manufacturing means integrating automation, robotics, AI and 3D printing to enhance efficiency, precision and customization. Others see it as producing cutting-edge technologies for clean energy, electronics and healthcare.While accurate, defining advanced manufacturing by its transformative social impact is more meaningful than by its processes or products.Envision facilities that are not just […]

Best practices for human-machine collaboration with Amir Ben-Assa, VP Marketing & Product Strategy, Plataine

Best practices for human-machine collaboration with Amir Ben-Assa, VP Marketing & Product Strategy, Plataine

Artificial intelligence and machine learning are incomparable in their ability to extract insights from immense datasets. But, in most cases, humans remain far better at understanding the context of those insights and the subtle variation of their meaning. The field of smart software, smart machines and cobots (collaborative robots) demonstrated dramatic technology advancements in recent years, so dramatic that the manufacturing sector cannot ignore.

Artificial Intelligence (AI) is not just a technological trend, but a real paradigm shift in the way companies operate and grow. However, despite the impressive achievements of AI in the fields of speech recognition and […]

Increasing the Minimum Wage Comes at Too High a Price for Workers

Increasing the Minimum Wage Comes at Too High a Price for Workers

COMMENTARY BY Senior Research Fellow, Roe Institute

Rachel researches and analyzes taxes, Social Security, disability insurance, and pensions to promote economic growth. A view of an ordering kiosk at The Habit Burger Grill on April 11, 2024 in San Rafael, California. Justin Sullivan / Getty Images Key Takeaways

Some of the hardest hit among the millions of people impacted by job losses or reduced hours following minimum wage increases are fast-food workers.High minimum-wage laws cut off the bottom rung of the career ladder, effectively pricing the least-advantaged workers out of employment.Instead of wage mandates, policymakers should help workers achieve real […]

Market Report: Autonomous Mining

Market Report: Autonomous Mining

Automation is a key trend within the mining industry in the 21 st century, offering safety, efficiency, productivity, and financial health benefits to mines. This article will examine the autonomous mining market, looking at key trends, factors, technologies, challenges, and players. Introduction to the Autonomous Mining Equipment Market

The mining sector is undergoing a technological revolution, embracing Industry 4.0 technologies. The industry’s goal is to move from the traditional, labor-intensive mine that has been the norm for millennia to a more automated, integrated mine ecosystem.

There are two forms of automation taking hold in the mining industry: process/software automation (IT […]

Sam Altman’s Universal Basic Income Study Reveals Shifts In Spending And Employment

Sam Altman's Universal Basic Income Study Reveals Shifts In Spending And Employment

In a groundbreaking initiative that seeks to understand the impacts of universal basic income (UBI), Sam Altman, the CEO of OpenAI, has been at the forefront of a three-year experiment providing cash to individuals in need. The project has granted $1,000 monthly to thousands of participants across Illinois and Texas, examining how a guaranteed income might reshape lives in an era increasingly influenced by artificial intelligence.

Launched in November 2020, the study included around 3,000 individuals aged 21 to 40 who earn less than $30,000 per year. One-third received $1,000 each month, while a control group was given just $50. […]

Why do we need AI, why is it becoming an indispensable tool?

Why do we need AI, why is it becoming an indispensable tool?

Why do we need AI? It’s not just a question – it’s reshaping our world faster than you can say “Hey Siri.”

Artificial intelligence is everywhere these days. It’s in your pocket, helping your phone recognize your face. It’s in your email, sorting out spam. It’s even in your car, making parking easier. AI is like a super-smart helper that never gets tired. But AI isn’t just about making cool gadgets. It’s changing how we work, learn, and live. Doctors use AI to spot diseases earlier. Scientists use it to understand climate change better. Artists use it to create new […]

Economic Survey 2023-2024 highlights emerging job trends in AI, Cybersecurity, 3D Printing and Web Development

Economic Survey 2023-2024 highlights emerging job trends in AI, Cybersecurity, 3D Printing and Web Development

India’s economic engine is roaring, and the job market reflects that optimism. The latest Economic Survey 2023-2024 paints a picture of a growing economy brimming with opportunities, but also cautions of potential roadblocks on the road to success. Cause for celebration

The good news is plentiful, if the recent Economic Survey tabled by Union Finance Minister Nirmala Sitharaman is to be believed. The unemployment rate has dipped to an impressive 3.2% in 2022-23, signifying a more vibrant job market. Increased participation of young people and women in the workforce presents a golden opportunity to leverage India’s demographic dividend and […]

The Impact of Artificial Intelligence on Future Job Market

The Impact of Artificial Intelligence on Future Job Market

New technologies are reshaping the job market landscape, with artificial intelligence leading the charge. According to forecasts by McKinsey Global Institute, AI advancements could prompt at least 14% of the global workforce to consider changing career paths by 2030 due to digitization and robotics. This shift is expected to boost global wealth by approximately $13 trillion and increase GDP by 1.2% annually, emphasizing the pivotal role of AI in economic growth.

While concerns surrounding AI’s effects on employment persist, history suggests that the emergence of new professions often balances out the elimination of others. Research indicates that around […]