Tag: inequality

Jobs For All

Jobs For All

Line for unemployment benefits in San Francisco, CA in 1938. Dorothea Lange / Library of Congress The new issue of Jacobin is out now. To mark its release, we’re offering discounted introductory subscriptions . ull Employment . . . has become an aim of Conservative policy and the strongest argument against socialist critics.” That’s famed economist Joan Robinson, in 1962 trolling to her left and her right. British unemployment had been below 2 percent for most of the period since the war, without runaway inflation. Keynes had solved the problem of unemployment, converted the Conservatives, and stolen the communists’ […]

AI, Automation, Lack Of Jobs =Basic Income

Mtwildman
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Loc: S.C. Missouri http://www.businessinsider.com/bernstein…nations-2016-12 BERNSTEIN: China’s insane spending on robotics is fundamentally changing capitalismWorkers exchange spools of thread as a robot picks up thread made from recycled plastic bottles at the Repreve Bottle Processing Center, part of the Unifi textile company in Yadkinville, N.C., Friday, Oct. 21, 2016. America has lost more than 7 million factory jobs since manufacturing employment peaked in 1979. Yet American factory production, minus raw materials and some other costs, more than doubled over the same span to $1.91 trillion last year, according to the Commerce Department, which uses 2009 […]

Robots, jobs and the human fear of change

Robots, jobs and the human fear of change

Steve Cousins is founder and CEO of Savioke , which develops and deploys autonomous robots that work in human environments to improve people’s lives. Steve was previously president and CEO of robotics incubator Willow Garage.

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When it comes to technology’s impact on the economy, there continues to be concern that robots and other advances will lead to unemployment. But what does history really tell us about the impact of new technologies on jobs and the economy? And more importantly, what happens to America’s ability to compete in a global economy if we reject automation […]

Stephen Hawking: Automation and AI Is Going To Decimate Middle Class Jobs

An anonymous reader quotes a report from Business Insider: In a column in The Guardian , the world-famous physicist wrote that "the automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes , with only the most caring, creative or supervisory roles remaining." He adds his voice to a growing chorus of experts concerned about the effects that technology will have on workforce in the coming years and decades. The fear is that while artificial intelligence will bring radical increases in […]

Maybe robots aren’t the enemy, as jobs and economy surge: Don Pittis

Maybe robots aren't the enemy, as jobs and economy surge: Don Pittis

Man’s best friend challenges the worker’s worst enemy, but even as robots improve, employment figures seem to indicate there are still plenty of jobs left for humans. Whether they are good jobs is the question. (Boston Dynamics) If the robot revolution is supposed to take away all the jobs, why is unemployment falling?

We’ll get more information this morning as jobless data comes out here and in the United States. But improving employment figures, especially in the U.S., seem to indicate, at this point anyway, that robots haven’t succeeded yet in putting us out of work.

That doesn’t mean warnings about […]

Fear of jobless future?

Fear of jobless future?

IT sector may lose 6.4 lakh “low-skilled” jobs to automation by 2021 The World Bank has recently released a report which underscores the threat awaiting India and other emerging economies from the onslaught of automation.

It says that 69 per cent of jobs in India and 77 per cent in China are under threat. Bangladesh, Malaysia, Nepal, and Thailand are also reported to be in the same boat. The biggest risk is faced by routine jobs like those of clerks, in which humans can be replaced easily by computer software.

India’s unemployment, according to the Census of 2011, increased from 6.8 […]

Welcome to the future of work

Welcome to the future of work

Brooks Rainwater is the director of the Center for City Solutions and Applied Research at the National League of Cities .

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Nicole DuPuis is the senior associate for infrastructure at the Center for City Solutions and Applied Research at the National League of Cities How to join the network With advances in information technology, robotics, and artificial intelligence developing at a rapid rate, workforce dislocations are happening now and are here to stay. As existing trends accelerate and irreversibly change the workforce as we know it, the question to be answered is–what will […]

Trump’s populism is only the beginning. Here come the robots.

Trump's populism is only the beginning. Here come the robots.

See how Amazon packages ship with less than :60 in human hands Populism is sweeping the nation, but it’s likely just getting started.

Donald Trump’s win is a wake-up call that voters are angry with a system that’s made middle-class jobs tougher to come by, and increased inequality.

As pronounced as the trend already is, it’s only just the beginning, experts say. Looming technological advances will wipe out more jobs, broadening the base of disenfranchised, unemployable and frustrated citizens. Meanwhile, elites with the skills to flourish in the digital economy will get richer. And governments will have to figure out […]

Trump’s jobs plan faces a bigger challenge than China

Trump's jobs plan faces a bigger challenge than China

Robots may prevent Trump from bringing back the manufacturing jobs he promised. Source: Reuters President-elect Donald Trump has promised to wage a war against globalization, to bring back jobs that corporations have sent abroad. But what about all the jobs that simply don’t exist anymore, left behind by advances in technology?

For anyone in the US manufacturing economy Trump has been describing, a job lost to China looks and feels identical to a job lost to technology, making it hard to effectively get to the bottom of what’s happening—and how to fix it for the American workforce.

From Federal Reserve data, […]

Automation May Undermine President Trump’s Jobs Reshoring Plan

Automation May Undermine President Trump’s Jobs Reshoring Plan

One of Donald Trump’s campaign promises was to bring back manufacturing jobs by renegotiating trade deals which have been disadvantageous to American workers and also by improving the business environment generally.

On Thursday, the Trump jobs strategy was discussed on the Fox Business channel, including renegotiating NAFTA and rejecting the Trans Pacific Partnership. Returning manufacturing can certainly be accomplished, and is already occurring to a degree (“reshoring”) due to a troublesome and growing trend that went undiscussed during the campaign — automation, in the form of robots and more advanced software . A robot-assisted American in a reshored factory might […]