Tag: inequality

Should the Trump Administration be Worried About Automation?

Should the Trump Administration be Worried About Automation?

yoh4nn/istock In an interview with Axios’ s Mike Allen on Friday, US Treasury Secretary Steven Mnuchin said he was unconcerned about the possibility of machines replacing significant numbers of human workers in the near future, saying it was “not even on [the Trump administration’s] radar screen” and insisting that displacement would not be an issue for another 50-100 years. “In fact I’m optimistic,” he told Allen.

While there’s a healthy ongoing debate over just what impact automation will have on the workforce , Mnuchin’s assertion that it is not a matter of any particular urgency raised some eyebrows. “Just about […]

Report claims robots could steal 18,000 jobs from workers in Barking and Dagenham

Report claims robots could steal 18,000 jobs from workers in Barking and Dagenham

Robts could take over 18,000 jobs in the borough report claims (photo credit: Radio Saigon) Robots could snatch the jobs of more than 18,000 workers in Barking and Dagenham by 2030, according to figures derived from a report released today.

A study by consultancy firm PricewaterhouseCoopers showed that 30 per cent of jobs in Britain are potentially under threat from automation and artificial intelligence.

The jobs must at risk are those in the wholesale, retail trade and manufacturing industry.The Post compared the findings against Office for National Statistics employment figures which showed the borough is disproportionately vulnerable to the robot takeover […]

AI and automation is changing labour landscape: Marc Benioff

AI and automation is changing labour landscape: Marc Benioff

Mar 27, 2017 (LBO) – Every individual, business, industry and government is being impacted by breakthroughs in computing power, connectivity, artificial intelligence, biotechnology and other innovative technologies, says Marc Beniof, CEO of Salesforce, a leading cloud computing company.

This revolution without boundaries is spreading with incredible velocity, he wrote in an article to the World Economic Forum. To meet the challenge, he said the future workforce will have to be equipped with necessary skills.

“By 2020, more people will have mobile phones than have electricity or running water in their homes or villages. Cars are becoming intelligent robots on wheels. Factories […]

Why American Jobs Have a Higher Risk of Automation Than Jobs in Germany, the UK, and Japan

Why American Jobs Have a Higher Risk of Automation Than Jobs in Germany, the UK, and Japan

You’ve been warned before—robots are coming for your job. The speed of technological advancement, particularly in smart automation, has sprung countless economic studies and political warnings about how many people are likely to lose their jobs to this rise of the machines. But it’s not an easy number to peg down; estimates range from 5% to 50%.

The latest predictions from PricewaterhouseCoopers survey the damage for specific countries. Analysts at the consulting firm said that by the early 2030s, 38% of US jobs are at a high risk of automation, more than in Germany, the UK, and Japan.

PwC revisited two […]

Robots Are Coming for Your Job. Here’s How, Why and When

Robots Are Coming for Your Job. Here’s How, Why and When

Four in 10 U.S. jobs are at risk of being replaced by automation and artificial intelligence by 2030. Here’s why Americans should worry the most. March 26, 2017 – The potential for job losses due to advances in technology is not a new concern. But over the past few years, fears of technology-driven job losses have emerged with advances in ‘smart automation’ – the combination of artificial intelligence (AI), robotics and other digital technologies. The impact of innovation is already visible in driverless cars and trucks, intelligent virtual assistants like Siri, Alexa and Cortana, and Japanese healthcare robots. But […]

Technology is killing jobs, and only technology can save them

Technology is killing jobs, and only technology can save them

In the recent presidential election, automation and robotics got a slight reprieve from the accusations that it has been the key driver in job losses in the United States. During the campaign, the conversation shifted, thanks largely to then-candidate Trump’s masterful scapegoating of Mexico and China, while calling out trade deals like NAFTA and the Trans-Pacific Partnership as clear and present threats to U.S. manufacturing.

Indeed, the administration continues to downplay automation as a factor in the U.S. economy, because that explanation runs against the political policies it hopes to enact under the guise of improving the conditions of America’s […]

Tech world debate on robots and jobs heats up

Tech world debate on robots and jobs heats up

Advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations (AFP Photo/JUSTIN TALLIS) Although technology has long affected the labor force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or "knowledge-based" jobs.

Just a few examples: self-driving technology may eliminate the need for taxi, Uber and truck drivers, algorithms are playing a growing role in journalism, robots are informing consumers as mall greeters, and medicine is adapting robotic surgery and artificial intelligence to detect cancer and heart conditions.

Of 700 occupations […]

Will robots replace workers in the near future?

Will robots replace workers in the near future?

Those in wholesale and retail sectors in the UK are at highest risk from breakthroughs in robotics and artificial intelligence

Millions of workers are at high risk of being replaced by robots within 15 years as the automation of routine tasks gathers pace in a new machine age. A report by the consultancy firm PwC found that 30 per cent of jobs in Britain were potentially under threat from breakthroughs in artificial intelligence (AI). In some sectors, half the jobs could go. The report predicted that automation would boost productivity and create fresh job opportunities, but it said action was […]

The Age of Mass Unemployment Is Nigh, and That’s Not the Worst of It

The Age of Mass Unemployment Is Nigh, and That’s Not the Worst of It

HOMO DEUS: A Brief History of Tomorrow By Yuval Noah Harari Published February 21, 2017 Illustrated. 449 pp. Harper/HarperCollins Publishers. $35. Among the many scandals and comments that derailed Andy Puzder’s campaign to become Labor Secretary was an interview he gave after visiting a partially automated restaurant, where no human interaction is required.

The CEO of CKE Restaurants, which owns the Hardee’s and Carl’s Jr. fast-food chains, told Business Insider in May that he was investing in automation as a way to deal with rising labor costs due to an increase in the minimum wage, before offering a cynical explanation […]

Robots could take over millions of jobs in the next 15 years – report

Robots could take over millions of jobs in the next 15 years – report

© / www.globallookpress.com Millions of jobs in the UK are in jeopardy because of robots taking over various sectors of the labor market.

According to the latest report on the impact of automation on the UK’s labor force, up to 10 million jobs are at risk of being replaced by machines within 15 years. Artificial intelligence will create world’s first trillionaire – Mark Cuban Routine and/or manual jobs, such as those in bookkeeping or retail, are among those at higher risk of being cut because of ground-breaking developments in Artificial Intelligence (AI), according to consultancy firm PwC.

The UK Economic Outlook […]