Tag: employment

Living With Robots

Living With Robots

As if there were not enough uncertainty surrounding the slow-growth economy in the United Sates, robots now threaten to replace four in 10 jobs within the next 15 years or so. At least, that is, according to the latest estimate by Price Waterhouse Consultancy. When asked about robot mischief, U.S. Treasury Secretary Steven Mnuchin said he isn’t worried, and that the problem isn’t even on his radar, at least for now.

Will we be displaced by robots? The short answer is: yes and no.

According to the Association for Advancing Automation, 136,748 robots were shipped to U.S. customers between 2010 to […]

15 Jobs That Will Be Gone in 10 Years

15 Jobs That Will Be Gone in 10 Years

Certain jobs are going extinct. | Justin Sullivan/Getty Images Pog designer. Beanie Baby trader. Lamplighter. Elevator operator. These are all jobs that have disappeared in recent times.

Things change — be it from technology advancing, an influx of cheap labor due to globalization or shifting immigration patterns , or even just a change in consumer tastes. Yet, despite the fact that many industries and jobs seemed doomed to the dust bins of history, many Americans remain stuck in denial — even when we should be looking forward to automation and robots taking the reins from humans .

Businesses come and go. […]

How San Francisco Plans to Fight ‘Job-Killing’ Robots

How San Francisco Plans to Fight 'Job-Killing' Robots

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CREDIT: Getty Images The tech industry collectively face-palmed when Trump’s treasury secretary said earlier this year that the threat of robots taking human jobs was "not even on our radar screen."

There is a growing evidence that robots and artificial intelligence could displace huge swaths of the American workforce in the next couple of decades, much sooner than the "50 to 100 more years away" timeline that Treasury Secretary Steven Mnuchin said he expects.In San Francisco, where robots already run food deliveries for Yelp’s Eat24 and make lattés at a mall coffee kiosk , one politician is working […]

Millennials aren’t robot-proof

Millennials aren’t robot-proof

A new study says about half of millennials are interested in jobs that carry a risk of automation, an indication they, like older workers, are vulnerable to losing work to robots. (KATHRYN OSLER / Associated Press) About half of millennials looking for work are interested in jobs that carry a risk of automation, a new study suggests. The findings indicate the youngest and most educated generation in the American workforce isn’t necessarily more robot-proof than older workers, who tend to be portrayed as the primary victims of automation.

“Millennials show a considerable amount of interest in occupations that face a […]

Job Creation And Destruction By Technology And Automation

Job Creation And Destruction By Technology And Automation

By analysing share of IT sectors in economic activity in major developed countries using three aspects viz.: output, factor inputs and household consumption (demand), Deutsche Bank analysts conclude that the share of IT sectors has been on a decline for household consumption. Mikihiro Matsuoka and colleagues at DB in their April 28 research piece titled: “Japan Economics Weekly – Job creation and destruction by technology and automation ” explore answers to several questions that are critical to analyse the effects of technology and automation on employment. MichaelGaida / Pixabay Job Creation And Destruction

Three viewpoints of economic activity

The […]

Embracing an Automation Economy

Embracing an Automation Economy

Since the beginning of the industrial revolution, automation has been a steadily growing trend for the manufacturing and process industries, to the joy of some and the dismay of others. On the one hand, automation is synonymous with lower production costs and higher quality, providing more consistent output with less physical labor. On the other hand, from time to time there is concern about job loss as machines replace unskilled labor, and put people out of work. As far back as 1779, so the story goes, a young weaver’s apprentice named Ned Ludd vandalized a couple of knitting machines, […]

Workers losing out as automation quickens

Workers losing out as automation quickens

Workers are, in general, losing out in the economy, writes Brian Lucey . Humanoid robot bartender ‘Carl’ fills a cocktail glass. A large part of the growth of populist movements may be reasonably attributed to the real or perceived decline in opportunities in employment.

As labour productivity has risen, the share of the wealth pie which labour takes home has fallen. In most developed countries, including Ireland, the share of GDP attributable to labour has fallen to or below half.

This trend is long term and is evident in greater or lesser extent across the globe.To view this media, you need […]

Millennials aren’t robot-proof

Millennials aren’t robot-proof

(Washington Post illustration; iStock) About half of millennials looking for work are interested in jobs that carry a risk of automation,a new study suggests. The findings indicate the youngest and most educated generation in the American work force isn’t necessarily more robot-proof than older workers, who tend to be portrayed as the primary victims of automation.

“Millennials show a considerable amount of interest in occupations that face a threat of automation,” said Daniel Culbertson, an economist at the Indeed Hiring Lab , the research institute attached to the international job site, and the author of the report.

“That gets lost when […]

Half of millennials are seeking jobs vulnerable to robot takeover, study suggests

Half of millennials are seeking jobs vulnerable to robot takeover, study suggests

About half of millennials looking for work are interested in jobs that carry a risk of automation, a new study suggests.

The findings indicate the youngest and most educated generation in the American workforce isn’t necessarily more robot-proof than older workers, who tend to be portrayed as the primary victims of automation.

“Millennials show a considerable amount of interest in occupations that face a threat of automation,” said Daniel Culbertson, an economist at the Indeed Hiring Lab, the research institute attached to the international job site, and the author of the report.“That gets lost when people talk about millennials being so […]

‘Ensure minimum income for those losing jobs due to automation’

'Ensure minimum income for those losing jobs due to automation'

NEW DELHI: With increasing concerns over loss of jobs, arising out of artificial intelligence (AI) and robotics, an Assocham-PwC study has asked to ensure a minimum income to those displaced, along with basic health facilities for the families in stress.

“In light of technology advances, certain sectors are expected to experience shrinkage of employment demand as robotic systems and algorithms take up several tasks. It can be expected that IT, manufacturing, agriculture, forestry etc will experience such a demand shift,” the study noted.

Quoting Oxford University researchers Carl Frety and Michael Osborne, based on 702 occupational groupings, workers in tele-marketing, hand […]