Tag: inequality

Half of US Jobs to Automation by 2036?

Half of US Jobs to Automation by 2036?

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Automation through robots and other artificial intelligence could affect nearly half of all US jobs, a report from the Obama administration has found. Education and job-training programs could prevent the sea change from destroying the American economy.

Scientists and economic advisers within the executive branch studied the potential effects of artificial intelligence on the US workforce and economy over the next 20 years, as well as ways to prevent the technological advances from automation from […]

Robots could replace almost half of US jobs by 2036

Robots could replace almost half of US jobs by 2036

FILE PHOTO © Issei Kato / Reuters Automation through robots and other artificial intelligence could affect nearly half of all US jobs, a report from the Obama administration has found. Education and job-training programs could prevent the sea change from destroying the American economy.

Scientists and economic advisers within the executive branch studied the potential effects of artificial intelligence on the US workforce and economy over the next 20 years, as well as ways to prevent the technological advances from automation from potentially destroying job opportunities for Americans ‒ which they said it could, for up to 47 percent of […]

We’re Frogs and Automation is Boiling Water

We're Frogs and Automation is Boiling Water

If you put water on the stove and heat it up, it will at first just get hotter and hotter. You may then conclude that heating water results only in hotter water. But at some point everything changes – the water starts to boil, turning from hot liquid into steam. Physicists call this a “phase transition.”

Automation , driven by technological progress, has been increasing inexorably for the past several decades. Two schools of economic thinking have for many years been engaged in a debate about the potential effects of automation on jobs, employment and human activity: will new […]

RA Mashelkar: “Automation to replace 69% jobs a serious concern”

RA Mashelkar: “Automation to replace 69% jobs a serious concern”

© Leading scientist and former CSIR chief, Dr RA Mashelkar explains the emerging technological scenario, the subsequent job losses and how to deal with it, in this interview with National Herald

India has seen a jobless growth in the last few years. According to Labour ministry data, around 1.2 crore people enter the workforce every year; however, in 2015, only 1.35 lakh jobs were created. In this backdrop, spontaneous disruption in technologies is set to soon debilitate jobs massively, which our policymakers don’t seem to be factoring in. In an interview with Sebastian PT , leading scientist and former […]

AI poses a threat to half of all jobs within two decades

(Photo: Getty) The Whitehouse has warned that up to half of all jobs are at risk of being replaced by AI Artificial intelligence (AI) could threaten almost half of all jobs in the next 10 to 20 years, as automation is poised to revolutionise future employment, according to a report.

While AI should be “welcomed for its potential economic benefits”, those benefits are unlikely to be evenly distributed across society, the Whitehouse report written by President Obama’s advisors found.

AI has been hailed as the lynchpin of the fourth industrial revolution, according to the World Economic Forum, and has been […]

White House: To Prevent AI From Killing Jobs, Educate the Workforce

White House: To Prevent AI From Killing Jobs, Educate the Workforce

Image Credit: jeffedoe/Flickr Earlier this week, a team lead by the Executive Office of the President released a report examining automation’s potential impact on the economy. The findings were far from reassuring, especially for low-skilled workers.

The paper notes that artificial intelligence technologies could lead to economic benefits, but “[t]hose economic benefits, however, will not necessarily be evenly distributed across society.”

The White House said that other researchers have projected potential job losses in the next 20 years at anywhere from 9 percent to 47 percent, and that lower-skilled and lower-paid jobs are likely to be most at risk : Research […]

White House report is optimistic on the economic impact of AI & automation

White House report is optimistic on the economic impact of AI & automation

Artificial Intelligence and automation have the potential to boost living standards and lead to an increase in people’s leisure hours, but could also lead to increased economic inequality, the White House said in a new report.

The report, titled Artificial Intelligence, Automation, and the Economy , is a follow up to an October report, Preparing for the Future of Artificial Intelligence , which looked at the government’s role in developing and implementing AI. It’s part of the government’s efforts to address what will likely be a massive impact on jobs and employment once AI and automation really takes off.

The report […]

Offshoring, Not Automation, Is Causing America’s Manufacturing Job Loss

Offshoring, Not Automation, Is Causing America’s Manufacturing Job Loss

Don’t Blame Technology Or Robots

People who say that America is losing its manufacturing jobs because of automation (more robots) are either ignorant, or lying—many are both.

Sadly, these people are about as common as they wrong (very, on both counts).Bad “economists” are everywhere, especially in journalism. For example, Wolfgang Lehmacher wrote a column in Fortune on the subject: …what then explains [manufacturing] job losses? It’s simple: factories don’t need as many workers as they used to, because robots increasingly do the work. Let me be clear: that’s not wrong prima facie —factories are getting more efficient. But that’s […]

Carrier deal does not carry the day for American workers

Carrier deal does not carry the day for American workers

The recent deal struck by President-elect Donald Trump with Carrier to retain many hundreds of jobs in Indiana rather than moving them to Mexico was an attempt by Trump to deliver on a campaign promise to bring back American jobs. Despite the good intentions behind this move, and the obvious relief of the workers who would benefit, it is unlikely to be the model for restoring U.S. jobs in manufacturing or other sectors on a large scale.

The problem Trump is attempting to address is all too apparent. The forces of globalization and technological change have hollowed out the middle […]

The skills delusion

Everybody agrees that better education and improved skills, for as many people as possible, are crucial to increasing productivity and living standards, and to tackling rising inequality.

But what if everybody is wrong?

Most economists are certain that human capital is as important to productivity growth as physical capital.And to some degree, that is obviously true.Modern economies would not be possible without widespread literacy and numeracy: many emerging economies are held back by inadequate skills.But one striking feature of the modern economy is how few skilled people are needed to drive crucial areas of economic activity.Facebook has a market value of […]