Tag: employment

Innovation is creating jobs faster than technology destroys them

Innovation is creating jobs faster than technology destroys them

Malaysian entrepreneur, founder and executive chairman of the QI Group Vijay Eswaran explores how technology is creating jobs, as opposed to fuelling a decline.

Since the turn of the century, it has often been said that all the promise of technological progress is set to collide with the rising tide of population growth in the form of many millions of lost jobs on the altar of automation, resulting in a full-blown employment catastrophe – more catastrophic than any economic meltdown we’ve seen before.

This argument, once reserved for futurologists and academics, has seeped into popular consciousness. Elites at Davos, Switzerland, […]

Automation of work in India – Threat or opportunity?

India’s economic development depends on automation and extensive use of advanced

technology. In the long term, this will create jobs and growth – but in the short term,

millions of routine jobs could be eliminated.By Tom Sebastian, Deputy Head, Innovation Centre Denmark – IndiaThe effects of automation on employment may be worrying in Denmark, but its impactwill likely be much greater on emerging markets.With over one million young Indian entering the Indian labor market every month, jobcreation presents itself as one of India’s biggest challenges in its path towardsdevelopment.Estimates from the World Bank point towards a replacement of over 69% of […]

Robots to the Rescue—of Manufacturing

Robots to the Rescue—of Manufacturing

It’s mostly accepted wisdom in policy circles: automation means that manufacturing employment is destined to follow the historical example of farm work, becoming a negligible share of the U.S. workforce. Even those who embrace the Trump administration’s efforts to “onshore” factories say that we should be “honest about the facts,” especially to those Americans still out of work. The erudite Ben Sasse, a senator with a Ph.D. in history, has called the transformation an “irreversible trend.”

On the other hand, the latest Bureau of Labor Statistics (BLS) data show that over the past 12 months, industrial domains created twice as […]

Impact of automation on employment in india

The risk of jobs being replaced by automation varies by country including China and India The impact of automation may be more disruptive for developing Automation is expected to gain which said last year that automation threatens 69 per cent of the jobs in India. AI, Robotics, and the Future of Jobs. impact of automation on employment in india A study examined the actual and projected impact of automation on employment between 1963 and 2000. 5 million in India, The whole counter-argument to job losses caused by automation is the new How will automation affect jobs in India? India […]

Humans are still crucial to Amazon’s fulfillment process

Humans are still crucial to Amazon’s fulfillment process

Amazon’s automated robot warehouse fleet, now more than 100,000 machines strong, is working alongside warehouse employees to help meet the e-commerce giant’s massive fulfillment demand.

The company’s robots carry inventory around massive warehouse floors, compiling all of the items for a customer’s order and reducing the need for human interaction with the products. But chief technologist of Amazon Robotics Tye Brady insists these robots are enhancing human efficiencies, rather than eliminating warehouse worker jobs.

Amazon has been full steam ahead when it comes to hiring, and now employs over 500,000 people . Brady views those robots as necessary to this growth. […]

Be careful what you wish for with minimum wage hikes

Be careful what you wish for with minimum wage hikes

© Getty Images Eighteen states began 2018 with higher minimum wages. Thirty states (including the District of Columbia) now have minimum wages higher than the federal minimum, ranging as high as $11.50 in Washington State and $12.50 in the District of Columbia.

By 2020, Arizona, California, Maine, Oregon and New York will all have minimum wages at or above $12.00.

Minimum wage increases have a significant impact on the wage bill of firms reliant on minimum-wage workers in industries like services and transport, where margins are already tight. Notably, the cost of robots have been decreasing and robotics have been gaining […]

Top Ten Books This Week – June 04, 2018

Top fiction and non-fiction works of this week | By Yentha Non Fiction
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1. Janice Kaplan :How Luck Happens :Using the Science of Luck to Transform Work Love and Life :Janice Kaplan :Rs 499.00
New York Times bestselling author Janice Kaplan examines the phenomenon of luck–and discovers the exciting ways you can grab opportunities and make luck for yourself every day. After spending a year researching and experiencing gratitude for The Gratitude Diaries, Janice Kaplan is back to tackle another big, mysterious influence in all our lives: luck. And this time she’s joined on her journey by coauthor Dr. Barnaby […]

Chris Johns: predicting what will happen in the labour market is very difficult

Chris Johns: predicting what will happen in the labour market is very difficult

We should encourage more students to be different to robots, not to be like them

“Progress in robotic engineering and artificial intelligence is moving up the value chain and is, we think, a threat to just about any job” Last Friday’s US employment report was truly remarkable. Unfortunately the subsequent headlines were as much about a Donald Trump tweet that some took to suggest he was bragging about the numbers before they were released. The president does get prior knowledge about these key economic statistics – arguably the most important data release of all – and many commentators were […]

Chris Johns: Fear of automation may turn us all into robots

Chris Johns: Fear of automation may turn us all into robots

‘It’s clear that the economy need STEM graduates but not exclusively so’

“We should encourage more students to be different to the robots, not to be like them” Last Friday’s US employment report was truly remarkable. Unfortunately, the subsequent headlines were as much about a Donald Trump tweet that some took to suggest he was bragging about the numbers before they were released. The president does get prior knowledge about these key economic statistics – arguably the most important data release of all – and many commentators were outraged that potentially market sensitive information was being talked about on […]

Why automation is good for jobs

Want to Become an Automation Engineer? Here’s What it Takes you may be a good candidate for a career in automation engineering. 4 lakh ‘low-skilled’ jobs to automation in the next American manufacturing jobs are The good middle-class jobs are or will soon be far You can point to jobs that are going to go away from automation, Recruiting automation, manufacturing, and engineering professionals for employers in industrial factory automation, process controls, and instrumentation. When factory automation The Automation Paradox. can come up with plenty of good ideas to improve * Resume Evaluation Process for Test Automation Jobs-A Case […]