Tag: employment

CMV: Automation will continue to increase productivity and minimize employment, but the U.S. will NEVER see anything like a basic income.

CMV: Automation will continue to increase productivity and minimize employment, but the U.S. will NEVER see anything like a basic income.

Hi /u/SajunBecker . I’m wrapping up my master’s degree this year and have taken a decent number of courses pertaining to labor economics and macroeconomic development. Thus, if you’d like any more detail than what I’m providing (going to try to keep things short, for everyone’s sake), please feel free to ask! 🙂

So, basically there’s a few things going on here. First, as a few others have already pointed out, we do technically have some forms of pseudo-basic income (social security, AFDC, Food Stamps, subsidized housing programs, etc. are all efforts to combat unemployment and poverty and thus efforts […]

Automation will continue to increase productivity and minimize employment, but the U.S. will NEVER see anything like a basic income.

Automation will continue to increase productivity and minimize employment, but the U.S. will NEVER see anything like a basic income.

Frankly, I think we’re going to be caught between the worst of both worlds between increasing automation and decreasing jobs.

I’d bet that by the 2040’s or 50’s, most Western countries like Canada, Denmark (and maybe the U.K.) will offer some kind of basic income that covers a basic cost of living, but it will never happen in the U.S.

Before anyone says it, no, we can’t just expect people to "go into STEM" and past a certain point, you can’t further specialize or "get more credentials." These people are just toast, and will be expected to "tough it out." Maybe […]

The Shifts — Great and Small — in Workplace Automation

The Shifts — Great and Small — in Workplace Automation

Despite valid concerns and anxiety about machines displacing workers, human labor isn’t going away any time soon. Tasks that cannot be substituted by automation are generally complemented by it. There have been periodic warnings in the last two centuries that automation and new technology would wipe out large numbers of middle-class jobs.

In the early 19th century, for instance, a group of English textile artisans, known as Luddites, famously protested the automation of textile production by seeking to destroy some of the machines. A century later, concern rose again over “The Automation Jobless,” as they were called in the title […]

Workers of the Future, Unite

Workers of the Future, Unite

A utomation will undoubtedly transform the workforce, the economy, and society as a whole. Robotics, sophisticated “AI” software, and other technologies will cause lasting and profound changes in the future. But that’s no reason to ignore the problems we’re facing right now.

In fact, the best way to ensure that we have a more equitable economy tomorrow is by fighting for one today. “Reality Check”

Two recent commentaries addressed the “robot question.” One, by Don Lee, ran in the Los Angeles Times under the headline “ Reality check: Manufacturers returning to U.S. may mean jobs for robots, not people […]

Trump Supporters Are Not the Losers from Globalization

Trump Supporters Are Not the Losers from Globalization

A common narrative we hear from the news media this election cycle is that Donald Trump has become popular by tapping into anti-trade sentiment among blue collar workers “ on the losing side of trade globalization .” The basic premises of this narrative are that (1) trade has harmed a large segment of the U.S. population and (2) those people are voting for Trump. But neither one of those premises is true.

The narrative has been fueled by a paper released earlier this year by economist David Autor, David Dorn, and Gordon Hanson titled “The China Shock: Learning from Labor […]

The evolution of BPO industry

The evolution of BPO industry

Manila Bulletin Business reporter James Loyola, George Yang, and Dianne Gonzalez, A.I. Pros partner. About 20 to 22 million Filipinos depend in the call center and business process outsourcing (BPO) industries. This includes the 5:1 ratio, where one worker needs to support four to five other people in their lives. A total about 4.4 million Filipinos, in Philippines, are employed under the BPO sector, bringing in millions of US dollars into the country.

George Yang, founder and CEO of A.I. Pros, sees the Philippines’ growth is because of the BPO sector. “If you look at the growth of the Philippines […]

Dan O’Brien: The hopes and fears around artificial intelligence

Dan O'Brien: The hopes and fears around artificial intelligence

Partly explaining the pessimism is fear of change and the unknown. Another reason is what economists call the “lump of labour fallacy” — the idea that the number of jobs in an economy is fixed, and therefore more automation must in turn mean fewer jobs…’ (Stock picture) ‘Artificial intelligence could spell the end of the human race." That is how no less a figure than physicist Stephen Hawking has described the risks posed by intelligent machines capable of thought and action. Medical Coding Programs allalliedhealthschools.com Start Now! Find Medical Billing & Coding Programs. Request Info Today Work at Home […]

Will Automation Take Our Jobs?

Will Automation Take Our Jobs?

Final fall economist Carl Benedikt Frey and knowledge engineer Michael A. Osborne, each on the College of Oxford, revealed a examine estimating the likelihood that 702 occupations would quickly be computerized out of existence. Their findings have been startling. Advances in knowledge mining, machine imaginative and prescient, synthetic intelligence and different applied sciences might, they argued, put forty seven p.c of American jobs at excessive danger of being automated within the years forward. Mortgage officers, tax preparers, cashiers, locomotive engineers, paralegals, roofers, taxi drivers and even animal breeders are all at risk of going the way in which of […]

The brave new world of robots and lost jobs: David Ignatius

The brave new world of robots and lost jobs: David Ignatius

David Ignatius By David Ignatius

WASHINGTON — Job insecurity is a central theme of the 2016 campaign, fueling popular anger about trade deals and immigration. But economists warn that much bigger job losses are ahead in America — driven not by foreign competition but by advancing technology.

A look at the numbers suggests that America is having the wrong debate this year. Economic security won’t come from renegotiating trade deals, as Donald Trump claimed in a speech in Detroit Monday, or rebuilding infrastructure, as Hillary Clinton argued in Warren, Michigan, on Thursday. These are palliatives.The deeper problem facing America is […]

‘Automation bomb’ coming for U.S.

WASHINGTON – Job insecurity is a central theme of the 2016 campaign, fueling popular anger about trade deals and immigration. But economists warn that much bigger job losses are ahead in America – driven not by foreign competition, but by advancing technology.

A look at the numbers suggests that America is having the wrong debate this year. Economic security won’t come from renegotiating trade deals, as Donald Trump claimed in a speech in Detroit Monday, or rebuilding infrastructure, as Hillary Clinton argued in Warren, Mich., on Thursday. These are palliatives.

The deeper problem facing America is how to provide meaningful work […]