There’s a movement afoot to counter the dystopian and apocalyptic narratives of artificial intelligence. Some people in the field are concerned that the frequent talk of AI as an existential risk to humanity is poisoning the public against the technology, and are deliberately setting out more hopeful narratives. One such effort is a book that came out last fall called AI 2041: Ten Visions for Our Future .
The book is co-written by Kai-Fu Lee , an AI expert who leads the venture capital firm Sinovation Ventures , and Chen Qiufan , a science fiction author known for his novel […]
Up to 40 per cent of all jobs now are tipped to be taken over by AI and robots in the next few decades. My grandmother has some advice on how to cope. Young children riding a horse It’s inevitable that artificial intelligence and robots will take over jobs. Photo: Bradley Hastings, Author provided.
My grandmother, Claire Hastings, was born in the 1920s on a farm in Armidale, northern New South Wales. That was a relatively common thing, with just 43 per cent of the population living in cities, compared with more than 70 per cent now .
She lived in […]
In 2016, the top one per cent of the world’s population owned half of the global wealth. But for the past two years, the income of 99 per cent of the global population has worsened while the income of the top 10 richest people has doubled, of whom eight are technology titans.
According to the Economic Research Institute for ASEAN and East Asia (ERIA), digital transformation is one of the most crucial factors changing modern human life – from electronic machinery, digital computers, and artificial intelligence (AI). Recent AI-related technologies include software as a service (SaaS), robotics, the Internet […]
Siblings on the way to school. Bradley Hastings does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
My grandmother, Claire Hastings, was born in the 1920s on a farm in Armidale, northern New South Wales. That was a relatively common thing, with just 43% of the population living in cities, compared with more than 70% now .
She lived in a small wooden hut, with a chicken coop out the front and fields out the back. When […]
This paper reviews recent work on how automation and task displacement have contributed to labour share declines and inequality in the US labour market. We summarise the basic building blocks of a task-based framework in which a set of tasks is allocated between capital, skilled labour and unskilled labour. Automation, which corresponds to the use of new technologies expanding the set of tasks that can be performed by capital, always reduces the labour share in value added and may depress overall wages and employment. The negative eﬀects of automation on labour share and its potentially adverse consequences for labour […]
House Speaker Pelosi Holds Weekly News Conference You got a raise last year or switched jobs to get one. Congratulations! You’re one of the many Americans who saw their paychecks get bigger. Unfortunately, unless your wages or salary grew much higher than the national average of 4.5 percent last year , inflation likely canceled it out. That means that while you might be making more money, you can buy less stuff with it.
That’s bad news for you, but it’s also probably bad news for your boss. Employers are struggling to retain and attract workers amid the Great Resignation , […]
Careers Image: © besjunior/Stock.adobe.com Hays’ Tim Olsen explores the ethical implications of bringing automation into the workforce and what employers need to think about.
When deploying automation, the overall objective should be to provide improved employment for workers and society as a whole. Factors such as wellbeing and self-development should be the overriding objective.
Automation must result in net employment growth for the economy. More jobs should be forthcoming as a result of improved productivity than are lost from it. It is critical that the workforce can gain skills quickly and be mobilised without lag to transition from increasingly redundant skillsets […]
This New York Times article indicates several economists have discovered direct links between the deployment of automation and the rising income inequality. The economists identify what they term “so-so” automation as the most damaging. So-so automation is defined as automation that displaces workers with little or no productivity gain. It offers self-checkout kiosks as an example.
Interestingly, in 2019 Mercator delivered the following charts to several of our members. The first chart identifies our projections for the number of jobs most likely to be displaced by 2030 – and cashiers were close to the top of the list:
The second graphic […]
Image Credit: mikkelwilliam/Getty Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more
This article was contributed by Valerias Bangert, strategy and innovation consultant, founder of three media outlets, and published author. AI job automation: The debate
The debate around whether AI will automate jobs away is heating up. AI critics claim that these statistical models lack the creativity and intuition of human workers and that they are thus doomed to specific, repetitive tasks. However, this pessimism fundamentally underestimates the power […]
Photo by iStock/maginima Pascual Restrepo on robots’ role in the rich-poor gap
Any number of suspects have been blamed for the growing gap between rich and poor Americans : the decline of unions. Trade. Jobs being shipped offshore. But a recent paper coauthored by BU economist Pascual Restrepo , says the primary driver is something else altogether: automation.
The paper—by Restrepo, a College of Arts & Sciences assistant professor of economics, and MIT’s Daron Acemoglu—says blue-collar workers in jobs vulnerable to automation are losing employment and income. They compete for fewer jobs with other blue-collar workers, pushing down wages. Meanwhile, […]