Tag: employment

Things I didn’t know: Global economic thoughts from Ford’s ‘Rise of the Robots’

Things I didn’t know: Global economic thoughts from Ford’s ‘Rise of the Robots’

Here are some things I learned from Martin Ford’s fascinating book, Rise of the Robots .

— Jobs that go overseas tend to come back, but in automated form. Thus the U.S. textile industry rebounded between 2009 and 2012, with exports rising 37 percent. “The turnaround by automation technology is so efficient that it is competitive with even the lowest-wage offshore workers.” The problem is when the jobs come back, they are filled by robots , so productivity increases, but not employment. Play Video

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Kiwi workers don’t fear ‘robot redundancy’

Kiwi workers don't fear 'robot redundancy'

"Often jobs actually consist of a set of repetitive actions that can be codified and done by a robot. This applies to many jobs currently considered high skill, like accountants, lawyers and researchers." It’s a much-discussed topic among 21st century humans: will I lose my job to a robot?

Despite countless stories in the media about the threat of "robot redundancy", a new survey has found most Kiwis don’t see machines as a workplace worry.

The Massey University study found 87.5 per cent of respondents either disagreed or strongly disagreed with the statement "smart technology, artificial intelligence, robotics or algorithms could […]

How robots will change the world

How robots will change the world

Artificial intelligence and robotic technologies could lead to mass unemployment. Our economy will need profound changes to avoid social unrest, says Simon Wilson. Will robots take over?

No – but they might steal your job. The rapid advances in artificial intelligence (AI), sensor development and other areas mean that robots are acquiring a range of skills – from diagnosing disease to driving cars to understanding natural language – that used to be the preserve of humans. That doesn’t mean that robots are about to become self-aware and take over, like Skynet in the Terminator films.

In real life, robots and […]

How About Some Real 21st Century Thinking?

How About Some Real 21st Century Thinking?

For several years now, I have thought it would benefit the nation to simplify our anti-poverty approach…even though there is currently a gradual reduction in the number of households living below the poverty line. I have thought it would be a more enlightened, practical, efficient and effective approach to guarantee everyone a certain minimum income.

Each legal adult resident might receive $20,000 per year and each minor $10,000. Or in many technical proposals of this nature, each would get a guaranteed after tax income of this nature if their own resources fell below a certain level. In my mind, the […]

Where have all the good jobs gone?

Where have all the good jobs gone?

The good jobs are disappearing. Those that predated the digital revolution are dropping away altogether or being replaced by low-paying service jobs and other less secure employment. These include part-time jobs, freelance contracting and gig opportunities. The number of Americans working under these arrangements rose by 9.4 million from 2005 to 2015; 48 million Americans are now in low paying jobs.

This growing job shift is transformational. For employers, it offers new efficiencies and greater flexibility. Workers are cheaper and fewer can demand benefits. Employers can staff-up as needed; workers take the risks.

Momentous technological advances exert a steady and downward […]

Human Games: Can We Beat the Bots?

Human Games: Can We Beat the Bots?

Artificial intelligence (AI) and automation are reshaping the workplace and the economy. Can humans successfully compete?

As the worldview envisioned by futurists and science fiction writers in the 1950’s and 60’s takes shape, a global economy still shaken by the Great Recession is riding the rails straight into what some call the “Second Machine Age” or “The Fourth Industrial Revolution.”

Second, fourth, however you count it—the real question is whether meaningful human employment is poised to come in last. Earlier , we discussed news on the future of work presented at the World Economic Forum (WEF) held in Davos, Switzerland in […]

Manufacturing jobs return to US during election year – but not quite like before

Manufacturing jobs return to US during election year – but not quite like before

An employee works on an assembly line producing automobiles at a factory in China. Photograph: China Stringer Network / Reut/Reuters When Fred Robinson moved to his cottage in 1960, it was on little more than a dirt lane surrounded by cotton fields. For 42 years, like so many others in Cleveland County, North Carolina, Robinson made his living turning that cotton into cloth, manning a weaving machine at the local Dover mill. His starting salary, in 1949, was 97 cents an hour.

In a familiar story, nearby textile mills closed – and with them went the jobs. From when Robinson’s […]

42% of Canadian jobs at high risk of being affected by automation, new study suggests

42% of Canadian jobs at high risk of being affected by automation, new study suggests

More than 40 per cent of the Canadian workforce is at high risk of being replacedby technology and computers in the next two decades, according to a new report out Wednesday.

The Brookfield Institute for Innovation + Entrepreneurship at Toronto’s Ryerson University said in its report that automation previously has been restricted to routine, manual tasks. However, breakthroughs in artificial intelligence and advanced robotics now means that automation is moving into "cognitive, non-routine tasks and occupations, such as driving and conducting job interviews."

The report said the top five occupations — in terms of number of people employed in them — […]

Robots likely to affect 40 pct Canadian jobs: study

A humanoid robot "Wabian-2R", developed by Japan’s Waseda University professor Atsuo Takanishi walks for a demonstration at Takanishi’s laboratory in Tokyo on October 22, 2013. (AFP/file photo)

TORONTO, June 15 (Xinhua) — As much as 42 percent of Canadian workforce is at high risk of being affected by automation and replaced by technology and computers in the next two decades, a new report showed Wednesday.

Automation previously has been restricted to routine, manual tasks, the Brookfield Institute for Innovation + Entrepreneurship at Toronto’s Ryerson University said in its report.However, breakthroughs in artificial intelligence and advanced robotics now mean that automation is […]

South African CEOs less afraid of replacement by AI than their overseas counterparts

South African CEOs less afraid of replacement by AI than their overseas counterparts

An interesting study by the City & Guilds Group suggests that the rise of artificial intelligence (AI) and automation is not a concern for employees, but it is top of mind for their employers.

Well, in some countries anyway – South African CEOs seem less worried about it than their overseas counterparts.

The Skills Confidence Survey conducted between 9th May and 17th May this year had 8 157 respondents across the UK, US, India and South Africa. Of those that participated 1 028 were senior leaders, 2 079 were middle management and 5 050 were general employees.While this sample size is […]