Tag: employment

How technology can be used as a catalyst for development

How technology can be used as a catalyst for development

In this century, the power of technology is not only evident, but also undeniable. Technology’s power keeps increasing as new innovations keep rising day by day, and if it is used right, technology has the power to be a catalyst for change, bringing development to both nations and individuals.

While some people fear this immense power of tech, some are actually investing big bucks in it. People are working day and night to innovate new technologies. Although we are still a bit behind with the technological transformations, many Tanzanians are now waking up and engaging much more in the development […]

Testing the Automation Revolution Hypothesis

Date Written: December 9, 2019 Abstract

Recently, many have predicted an imminent automation revolution, and large resulting job losses. Others have created metrics to predict new patterns in job automation vulnerability. As context to such claims, we test basic theory, two vulnerability metrics, and 251 O*NET job features as predictors of 1505 expert reports regarding automation levels in 832 U.S. job types from 1999 to 2019.

We find that pay, employment, and vulnerability metrics are predictive (R2~0.15), but add little to the top 25 O*NET job features, which together predict far better (R2~0.55). These best predictors seem understandable in terms […]

What Do AI and Automation Changes Mean for Your Job?

What Do AI and Automation Changes Mean for Your Job?

MIT AI and the Work of the Future Congress AI and computer technology in general is certain to have a huge impact on the future of work, and rather than replacing jobs, technology is much more likely to change them. But the big concern is not the quantity of jobs, but rather the quality of the jobs in the future, particularly for less educated workers.

That was the big message from MIT’s AI and the Work of the Future Congress held a couple of weeks ago. Most participants seemed more upbeat about the possibilities than they were a few years […]

Work is a fundamental part of being human. Robots won’t stop us doing it

Work is a fundamental part of being human. Robots won’t stop us doing it

Hardly a week goes by without a report announcing the end of work as we know it.

In 2013, Oxford University academics Carl Frey and Michael Osborne were the first to capture this anxiety in a paper titled: “The Future of Employment: How susceptible are jobs to computerisation?” .

They concluded 47% of US jobs were threatened by automation. Since then, Frey has taken multiple opportunities to repeat his predictions of major labour market disruptions due to automation.In the face of threats to employment, some progressive thinkers advocate jettisoning our work ethic and building a world without work .If machines can […]

Column: It’s time to refocus students and workforce on technology

Column: It's time to refocus students and workforce on technology

Geoff Duncan Packages delivered by drones. Medical procedures performed by robots. Students taking online courses from teachers who are multiple time zones away. Self-driving trucks able to zip through traffic. Talking to Siri, Alexa and a host of other smart devices to provide intelligent information and guidance.

In today’s high-tech world, these ever-advancing conveniences of technology are becoming common-place in the everyday life of Georgians and across the globe.

But we could soon hit a wall very quickly in their development as job growth in the tech sector is so large that it is outpacing a supply of workers. Georgia is […]

Rick Haglund: Research shows trade, not automation, is killing manufacturing jobs

Rick Haglund: Research shows trade, not automation, is killing manufacturing jobs

Manufacturers show their products on the South Lawn of the White House, Monday, July 15, 2019, at the Made in America Product Showcase. | Official White House Photo by Shealah Craighead, Flickr More than 5 million manufacturing jobs — almost 300,000 of them in Michigan — have been lost since the most recent employment peak in 1998.

Many economists have attributed the huge loss of good-paying manufacturing jobs mostly to booming productivity, enabled by the increasing use of robots and other automated processes in factories.

But Susan Houseman, vice president and director of research at the Kalamazoo-based W.E. Upjohn Institute for […]

Tesla boss Elon Musk backs a ‘basic income‘ for everyone

Tesla boss Elon Musk backs a ‘basic income‘ for everyone because robots will take away our jobs leaving us without any ‘meaning‘ in our lives

Tesla CEO Elon Musk has doubled down on his support of a universal basic income as a possible solution for unemployment caused by the rise of machines equipped with artificial intelligence taking over the workforce.

A universal basic income would give a standard amount of money to every citizen to cover basic expenses like food and living costs each month.At the World Government Summit in Dubai on Monday, Musk told a crowd that universal basic income […]

Tesla boss Elon Musk backs a ‘basic income‘ for everyone

Tesla boss Elon Musk backs a ‘basic income‘ for everyone because robots will take away our jobs leaving us without any ‘meaning‘ in our lives

Tesla CEO Elon Musk has doubled down on his support of a universal basic income as a possible solution for unemployment caused by the rise of machines equipped with artificial intelligence taking over the workforce.

A universal basic income would give a standard amount of money to every citizen to cover basic expenses like food and living costs each month.At the World Government Summit in Dubai on Monday, Musk told a crowd that universal basic income […]

Artificial intelligence will affect Utah more than other states, new study says

Artificial intelligence will affect Utah more than other states, new study says

Seth Wenig, Associated Press In this file photo from May 2, 2019, Cadet Cheyenne Quilter works with a virtual reality character named “Ellie” at the U.S. Military Academy at West Point, N.Y. Artificial intelligence is spreading into health care, often as software or a computer program capable of learning from large amounts of data and making predictions to guide care or help patients. SALT LAKE CITY — Utah’s economy could be more affected by artificial intelligence than other states, according to a new study by the Brookings Institution, a Washington, D.C.-based think tank.

The study predicted that Salt Lake and […]

Why automation is something to worry about

Why automation is something to worry about

The viewpoint of automation has always been recipient to serious worries regarding employments, from the beginning of the 19th century’s Luddite movement, to the publishings, put forward generations later of renowned economists such as Wassily Leontief and John Maynard Keynes. Both John Maynard Keynes and Wassily Leontief were unsure if there would be an optimum number of jobs for employees to do. So many people have started sharing the same view, seeing the approaching era of digital automation.

The labor market is being affected by the digital technologies of the present day. In response to this phenomenon, three queries are […]