Tag: employment

Automation Isn’t About to Make Truckers Obsolete

Automation Isn’t About to Make Truckers Obsolete

HBR Staff/Dong Wenjie/Getty Images Hardly a day goes by without someone suggesting that technologies like AI, machine learning, and robotics will transform the 21st century labor market. A prominent example of this has been in truck driving – an occupation that spans multiples industries and moves over 70% of U.S. freight by weight — which many speculate will see a widespread loss of jobs with the rise of self-driving technology. Some have forecast that autonomous vehicles will eliminate 2-3 million trucking jobs over the next several years. But in looking at the data, we believe that, while the risk […]

The Economic Consequences of Automation

The Economic Consequences of Automation

Yu Haiyang/China News Service/VCG via Getty Images Economic theory does not provide a clear answer regarding the overall impact of technological progress on jobs. And even if automation has traditionally been beneficial in the long run, policymakers should never ignore its disruptive short-term effects on workers.

LONDON – While Brexit captures the headlines in the United Kingdom and elsewhere, the silent march of automation continues. Most economists view this trend favorably: technology, they say, may destroy jobs in the short run, but it creates new and better jobs in the longer term.

> The Trump Narrative and the Next Recession […]

UK economy has ‘too few robots’, warn MPs

UK economy has 'too few robots', warn MPs

The UK is lagging behind the world’s other advanced economies in the shift to robots and automation in the workplace – putting jobs, businesses and the prosperity of whole regions at risk, according to an influential group of MPs.

MPs on the business, energy and industrial strategy (BEIS) committee said UK firms were losing out to competitors in the rest of the G7 after the government cut support for companies and failed to encourage investment.

Automation of industries from retail to manufacturing promises to revolutionise how businesses operate but also raises the threat of huge job losses as robots replace people […]

Yang gets it: Economic drivers propelled Trump…not racism

Yang gets it: Economic drivers propelled Trump…not racism

(Photo by Win McNamee/Getty Images) A new column by Brian Dickerson in the Detroit Free Press seeks to explain why 2020 Democrat presidential candidate Andrew Yang’s analysis of President Donald Trump’s 2016 victory is important.

Bernie Sanders believes that Trump is a “racist,” “sexist,” and “homophobe.” Pete Buttigieg stated during the September debate that he believes Trump supporters to be racist. Beto O’Rourke said it’s “really hard” to see a 2020 Trump vote as anything other than racism. It would appear that largely, the Democrats running for the White House believe it was hate that elected President Trump.

But Andrew […]

Tech and Digital- The Key Factors Driving Job Demand In The Age Of Robots

Tech and Digital- The Key Factors Driving Job Demand In The Age Of Robots

Technology is actually the strongest force which is going to impact the job demand in the current age of Robots With the advent of the Industrial Revolution 4.0, a lot of processes are getting automated. The efficient usage of AI, Robotics and Machine Learning by the companies have changed the skills we humans need to display to stay competitive with the current technology. How do we up-skill ourselves? What are the exact skills needed to stay relevant in the Industry?

Every time and then, such kind of discussions have surfaced whenever we have observed a huge Industrial shift. It happened […]

Australia has much to gain from resource sector technology advances, report says

Australia has much to gain from resource sector technology advances, report says

Harnessing new technologies in the mining, oil and gas industries will add A$74 billion ($50 billion) to the Australian economy by 2030 and create more than 80,000 new local jobs, according to a new report from METS Ignited and NERA.

Titled ‘Staying Ahead of the Game Report’, the report says data analytics, automation and robotics technologies continue to transform the resources sector and Australia needs to be at the forefront of technological progress or risk other countries taking the lead.

The report was designed to attempt to predict the nature and scale of how Australia’s resources industries, including both the producers […]

Jobs that are disappearing in the near future

Jobs that are disappearing in the near future

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News, press releases, letters to the editor: augustafreepress2@gmail.com Advertising inquiries: freepress@ntelos.net Photo Credit: Svetlana Did you know there are currently over 7 million available job openings in the United States? However, in the near future, a substantial number of those jobs may become obsolete as technology continues to advance. Machines are becoming increasingly able to perform tasks that once could only be done by humans. As a result, our new economy is beginning to see certain jobs vanish from the marketplace […]

Mining employment returns to boom-time footing

Not quite deja vu all over again

That is a level not seen since the end of the original investment boom triggered by China’s compounding embrace of seaborne raw materials markets from 2005.

When that once-in-a-century expansion in mining sector capacity began local miners directly employed an estimated 113,000 people. By the time the boom exhausted itself in 2012, 274,000 Australians were employed by miners. As AMMA noted, through that hectic seven-year stretch, workforce demand in the mining business grew by 20 per cent annually.The resulting cost inflation – particularly in the heavy equipment, engineering and contract construction sectors – […]

MIT Future of Work Report: We Shouldn’t Worry About Quantity of Jobs, But Quality

MIT Future of Work Report: We Shouldn’t Worry About Quantity of Jobs, But Quality

Robots aren’t going to take everyone’s jobs , but technology has already reshaped the world of work in ways that are creating clear winners and losers. And it will continue to do so without intervention, says the first report of MIT’s Task Force on the Work of the Future.

The supergroup of MIT academics was set up by MIT President Rafael Reif in early 2018 to investigate how emerging technologies will impact employment and devise strategies to steer developments in a positive direction. And the headline finding from their first publication is that it’s not the quantity of jobs we […]

As automation swallows the world of work, will we restrain the robots to protect the dignity of labour?

As automation swallows the world of work, will we restrain the robots to protect the dignity of labour?

What is the point of economic activity? Well, the most obvious reason people start and run companies or work for them is to make a living. But there are other, subtler reasons we trade effort and time for money. It gives us a sense of purpose, achievement, independence, and our jobs are often a big part of our identity.

Could we not derive those benefits from a challenging hobby – mountain climbing maybe? To an extent. But to quote Virginia Woolf, money dignifies what is frivolous if unpaid for. Of course, there is also purpose and dignity in staying at […]