Tag: employment

When machines replace jobs, the net result is normally more new jobs

When machines replace jobs, the net result is normally more new jobs

Two of the current leading researchers in labor economics studying the impact of machines and automation on jobs have released a new National Bureau of Economic Research (NBER) working paper, The Race Between Machine and Man: Implications of Technology for Growth, Factor Shares and Employment .

The authors, Daron Acemoglu and Pascual Restrepo are far from the robot-supporting equivalent of Statler and Waldorf , the Muppets who heckle from the balcony, unless you consider their heckling is about how so many have overstated the argument of robots taking all the jobs without factual support: Similar claims have been made, but […]

Automation Axing IT Jobs Is Worrying Sign

Automation Axing IT Jobs Is Worrying Sign

The increasing adoption of automation among enterprises is posing a serious threat to the jobs. According to Nasscom, the IT industry is expected to recruit 20 percent less this year and his fall is primarily due to automation. Industry experts have voiced concerns over the probable job loss due to automated technologies demanding holistic approach in recruitment policies of enterprises.

TV Mohandas Pai, the former Infosys HR head, has predicted that automation will displace 10 percent of incremental jobs. “I think in the IT sector, may be 10 percent minimum of incremental jobs that are created will disappear. That means […]

Are you ready for the jobs of the future?

Are you ready for the jobs of the future?

The flow of reports about the impact of automation, mostly dire , continues. The latest is from StartupAUS , Australia’s national startup advocacy group.

This report follows the now familiar line captured in the phrase “exponential technologies”: exponential improvements in computer power and advances in technology such as artificial intelligence, robotics, big data, cloud computing and the internet of things will have a profound impact on future employment, with almost 5 million current jobs (that is 40% of the workforce) in Australia becoming obsolete by 2030.

This follows in the footsteps of a detailed CEDA report in 2015, which conducted the […]

Automation Axing IT Jobs Is Worrying Sign

Automation Axing IT Jobs Is Worrying Sign

The increasing adoption of automation among enterprises is posing a serious threat to the jobs. According to Nasscom, the IT industry is expected to recruit 20 percent less this year and his fall is primarily due to automation. Industry experts have voiced concerns over the probable job loss due to automated technologies demanding holistic approach in recruitment policies of enterprises.

TV Mohandas Pai, the former Infosys HR head, has predicted that automation will displace 10 percent of incremental jobs. “I think in the IT sector, may be 10 percent minimum of incremental jobs that are created will disappear. That means […]

Free trade, automation among challenges for manufacturers

Free trade, automation among challenges for manufacturers

Fox Weaver FILE photo David Oaks fabricates a yoke for a drive shaft for Proton Power Inc. in 2014. Company president Dr. Sam Weaver said Proton Power is adding both automation and employees. Every manufacturer has its own challenges, but there are some that many share.

Free trade, automation and cyber security are a few.

"In our case, I would say a potential looming issue is this debate over free trade," said Dr. Sam Weaver, president and co-founder of Proton Power Inc., a company in Lenoir City and Rockwood that uses biomass to make inexpensive hydrogen and converts it to energy […]

Will Automation Take Our Jobs?

Will Automation Take Our Jobs?

Last fall economist Carl Benedikt Frey and information engineer Michael A. Osborne, both at the University of Oxford, published a study estimating the probability that 702 occupations would soon be computerized out of existence. Their findings were startling. Advances in data mining, machine vision, artificial intelligence and other technologies could, they argued, put 47 percent of American jobs at high risk of being automated in the years ahead. Loan officers, tax preparers, cashiers, locomotive engineers, paralegals, roofers, taxi drivers and even animal breeders are all in danger of going the way of the switchboard operator.

Whether or not you buy […]

Neither Trump nor Clinton is addressing the biggest challenge to jobs: automation

Here is President Obama directly addressing the issue a couple months ago, though he did not have an easy solution. Because, of course, there is none. https://www.youtube.com/watch?v=CKpso3vhZtw

The easy solution is a path to valuable citizenship. Your job is outdated? Here’s a path for you to become whatever job we need in this county.

This sounds like the beginnings of an argument in favor of basic income. If some people are unable to train themselves into employment, does the society owe them an income anyway?Well, you are completely wrong, and your vision of the problem IS the problem.Actually obesity makes […]

Will Blockchain Technology and Smart Contracts Steal Jobs from People?

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Bitcoin’s underlying blockchain technology has already expanded from just being a ledger, keeping a record of all transactions happening over the network to a widely adopted technology across industries. Smart contracts based on blockchain technology can be used to automate various process across industries.

The major application of blockchain technology currently lies in the banking and financial sectors, involving a lot of time-consuming repetitive processes. By creating smart contracts that are programmed to automatically execute certain processes when the predetermined conditions are met, lot of resources in terms of time and manpower can be saved. Automation […]

Will Blockchain Technology and Smart Contracts Steal Jobs from People?

Will Blockchain Technology and Smart Contracts Steal Jobs from People?

Bitcoin’s underlying blockchain technology has already expanded from just being a ledger, keeping a record of all transactions happening over the network to a widely adopted technology across industries. Smart contracts based on blockchain technology can be used to automate various process across industries.

The major application of blockchain technology currently lies in the banking and financial sectors, involving a lot of time-consuming repetitive processes. By creating smart contracts that are programmed to automatically execute certain processes when the predetermined conditions are met, lot of resources in terms of time and manpower can be saved. Automation can save these institutions […]

Neither Trump nor Clinton is addressing the biggest challenge to jobs: automation

Neither Trump nor Clinton is addressing the biggest challenge to jobs: automation

Presidential candidates Hillary Clinton and Donald Trump are both promising to bring good-paying jobs back to America, but analysts say neither of them has addressed one of the biggest challenges looming ahead: the impact of automation and the rise of artificial intelligence.

Some argue that the challenge will soon become impossible to ignore.

“Job losses due to automation and robotics are often overlooked in discussions about the unexpected rise of outside political candidates like Trump and Bernie Sanders,” Moshe Vardi, an expert on artificial intelligence at Rice University, said before this month’s conventions .Vardi pointed out that manufacturing employment has […]