Tag: employment

Working for a brighter future in Asia

Working for a brighter future in Asia

By Tomoko Nishimoto

WITH NEARLY two decades of strong economic growth, the world’s highest employment ratios and lowest unemployment rates, massive technological innovation, some say “Asia is the future” or even “The future is Asia.” But what will this future look like for the three billion Asians of working age (15+)?

Globalization, new technologies, shifting demographics, climate change, and labor mobility are the forces at play as the region continues on its path to prosperity. The unprecedented speed and scale of changes is exponentially affecting how, where and when we work, do business and make a living. The demand for […]

Robot redundancy: four future scenarios for Kiwis’ jobs

Robot redundancy: four future scenarios for Kiwis' jobs

We’ve long been hearing about the threat of "robot redundancy" – and just whose jobs are at risk of automation.

Fewer than 5 per cent of jobs can be done entirely through automation today – and researchers have thrown out wildly varying forecasts how this might soon change.

One headline-grabbing study from Oxford University, suggesting that 47 per cent of all employment in the US was at risk of being replaced by computers and algorithms in the next 20 years, appeared overblown when set against findings of a forensic OECD investigation.Of the 21 advanced nations that report looked at, only 9 […]

Robots Are Stealing Our Jobs

Robots Are Stealing Our Jobs

A recent study predicts automation will eliminate 73 million jobs by 2030. If you’re worried, you should be. Opinions expressed by Entrepreneur contributors are their own.

Are you worried about losing your job? Perhaps you should be, not because of an influx of illegal immigrants but because of robots.

Our jobs are not being stolen, they are being destroyed. A recently released report conducted by the McKinsey Global Institute estimated automation will eliminate 73 million jobs by 2030 . While companies spend billions trying to improve efficiency through automation, we are often complicit in the job loss, perhaps without knowing it. […]

If you want to save your job from robots, make a career in these fields, not science and tech

If you want to save your job from robots, make a career in these fields, not science and tech

With India moving towards greater automation, too much focus on STEM education and protecting vulnerable sectors may not help much to protect our jobs from robots, said Brookings Institute in a report recently. “Too much focus on STEM has the inherent risk of over saturation of few sectors over the others, hampering overall economic development,” said the report.

Further, it is better to boost employment in the areas that are least vulnerable to automation. Therefore, there is a need to attract more talent towards the humanities, arts, crafts and sports, said the report.

Employment scenario in India India is among […]

Pete Buttigieg Trivializes the Impact of Trade on US Job Losses

Pete Buttigieg Trivializes the Impact of Trade on US Job Losses

Democratic presidential candidate Pete Buttigieg speaks with attendees during a campaign stop at Stonyfield Farms in Londonderry, New Hampshire, on April 19, 2019. Scott Eisen / Getty Images In his campaign for the Democratic presidential nomination, Pete Buttigieg has been telling audiences that the U.S. lost six times as many jobs due to automation than trade from 2000 to 2010, according to The Washington Post . This is literally true, but for all practical purposes it is a very big lie.

The way in which it is true is that we always lose jobs to “automation,” which is known to […]

What Industry 4.0 means for your job

What Industry 4.0 means for your job

Artificial intelligence (AI) is outperforming humans in an increasing number of tasks and is likely to replace humans in more and more jobs. In the Middle East, 50 per cent of the CEOs surveyed for the 2019 Mercer Global Talent Trends believed that more than 20 per cent of current jobs will cease to exist in the next five years.

Governments in the region have been quick to realise the power of innovation as a way to transition from their resource-based economies to knowledge-based ones. The UAE has witnessed extraordinary digital transformation, with a strong government focus on developing the […]

How long before the robots take over in South Africa?

How long before the robots take over in South Africa?

Robot workers replacing human jobs – the debate of the decade. In reality, the opposite looks true, according to research carried out by ManpowerGroup, which appears to show that more employers than ever – 87% – plan to increase or maintain headcount as a result of automation.

Rather than reducing employment opportunities, organisations are investing in digital, shifting tasks to robots and creating jobs.Rather than reducing employment opportunities, organisations are investing in digital, shifting tasks to robots and creating jobs.

At the same time, companies are scaling their up-skilling programs so that their human workforce can perform new and complementary roles […]

Businesses adopting digital tech to provide better customer experience: Report

Businesses adopting digital tech to provide better customer experience: Report

Digital transformation also open door to new business opportunities, thus creating employment NEW DELHI: Today, India is at the cusp of digital transformation. With nearly 500 million internet users and roughly 340 million smartphone users in 2018, the digital wave is touching the lives of millions of people, shaping them into a digitally empowered society.

According to a new report by AIMA and KPMG on the ‘Socio Economic Impact of Digital Transformation, businesses are adopting digital technologies to achieve higher operational efficiencies and provide better customer experience.

Technology start-ups have further accelerated the trend by disrupting the traditional industries through innovative […]

Op-Ed: A Primer on Immigration for 2020 Candidates and Voters

Op-Ed: A Primer on Immigration for 2020 Candidates and Voters

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AAFeeling dizzy from all the spinning in political rhetoric these days? Let’s pause and take a look at what’s what in immigration today and in the 2020 election cycle. The Line. While some people will admit wanting an end to immigration altogether, most critics of immigration say they just want immigrants to “do it the right way." “Get in line." However, unless you qualify through employment (discussed below), or you have an immediate relative who is a U.S. citizen or a lawful permanent resident (spouse or parent), there is no line to get into. […]

4 Reasons Why ‘Made in China’ Isn’t Cost-Effective

4 Reasons Why ‘Made in China’ Isn’t Cost-Effective

It’s no secret why many companies choose to outsource some or all of their manufacturing processes to China. The availability of cheap labor and lack of stringent regulations in the country mean U.S. companies can save significantly on fixed costs by outsourcing – at least in the short-term. In practice, however, offshore manufacturing tends to cost far more in the long run. Here are some of the main reasons why. 1) The current trade war with China

The U.S. is currently imposing approximately $250 billion in tariffs on Chinese imports. For the first time in a long time, many […]