Tag: inequality

Exploring What an AI System Is and Its Impact on Society

Exploring What an AI System Is and Its Impact on Society

Introduction

Artificial intelligence (AI) is a rapidly growing field of technology that has seen significant advances in recent years. AI systems are becoming increasingly prevalent in our lives, from personal assistants like Alexa to self-driving cars. But what exactly is an AI system? How does it work? And what impact will it have on our society? This article explores these questions, providing an overview of what an AI system is and delving into the potential implications of this technology. Definition of an AI System

An AI system can be defined as “a computer system designed to perform tasks that […]

Exploring the Impact of Technology on Job Loss

Exploring the Impact of Technology on Job Loss

Introduction

Technology has infiltrated almost every aspect of our lives, from the way we communicate to the way we shop and consume entertainment. As technology advances, it is changing the way we work, often eliminating the need for certain types of jobs altogether. This article will explore how technology is destroying jobs, as well as strategies to mitigate the impacts of technological displacement. Definition of Technology and its Impact on Jobs Definition of Technology and its Impact on Jobs

Technology can be defined as the application of scientific knowledge for practical purposes. In terms of jobs, technology is frequently […]

Is Technology Creating Unemployment? Exploring the Impact on Job Markets and Employment

Is Technology Creating Unemployment? Exploring the Impact on Job Markets and Employment

Introduction

In recent years, the rapid development of technology has had a dramatic impact on the global economy. As technology continues to evolve, it has become increasingly clear that it is having a profound effect on unemployment rates and job markets. This article will explore the impact of technology on unemployment rates, how automation is affecting job markets, and the pros and cons of technology-driven employment. Exploring the Impact of Technology on Unemployment Rates

Since the dawn of the Industrial Revolution, technological advancement has been disrupting traditional job markets. In the past decade, this disruption has become even more […]

Should We Tax Robots?

Should We Tax Robots?

What if the U.S. placed a tax on robots? The concept has been publicly discussed by policy analysts, scholars, and Bill Gates (who favors the notion). Because robots can replace jobs, the idea goes, a stiff tax on them would give firms incentive to help retain workers, while also compensating for a dropoff in payroll taxes when robots are used. Thus far, South Korea has reduced incentives for firms to deploy robots; European Union policymakers, on the other hand, considered a robot tax but did not enact it.

Now a study by MIT economists scrutinizes the existing evidence and suggests […]

Exploring the Impact of Automation on the Job Market, Productivity, and Society

Exploring the Impact of Automation on the Job Market, Productivity, and Society

Introduction

Automation is a process by which machines or computer programs are used to perform tasks that would otherwise be done by humans. In recent years, advances in technology have led to a dramatic rise in the use of automation, with many industries now relying heavily on automated systems to increase efficiency and reduce costs. This has had a significant impact on the job market and productivity, as well as on society, globalization, employment, and quality control. Benefits and Challenges of Automation on Productivity

Automation has been found to have both positive and negative effects on productivity. On the […]

Robot Tax and Automation Propelled Job Displacement

Robot Tax and Automation Propelled Job Displacement

The sorrows and desperation we can name will never exceed the richness of reality. There is always an excess. And this excess overflows with possibilities only half disclosed. As we scrutinize the horizon of intelligence, machine learning, and digital skills, what worries us most is a future that works. Time is needed for policies and mechanisms that may counteract the adverse effects of automation-propelled job displacement. Time is needed for these new jobs to define themselves, for workers to retool, and for new entrants into the future of work to prepare.

On the interplay of AI, robotics, and globalization, the […]

Do robots deserve a tax? Everything you need to know

Do robots deserve a tax? Everything you need to know

According to a study, a robot tax, even a small one, might aid in the fight against the negative impacts of automation on economic inequality in the United States.

What if robots were subject to a tax in the US? Policy experts, academics, and Bill Gates have all openly debated the idea (who favors the notion). According to the theory, since robots have the potential to replace employment, a high tax on them would encourage businesses to support employee retention while also making up for a reduction in payroll taxes when robots are employed. South Korea has so far lowered […]

Ready or not, here comes the new year… and robots!?

Ready or not, here comes the new year… and robots!?

Jay Jayamohan

Jay Jayamohan is the Executive Director of the Center for Innovation & Entrepreneurship at Harrisburg University (HU). He leads the effort that strategically positions HU … MORE

Happy New Year to you and your loved one. As the old year comes to a close and the new one begins, it’s time to bid farewell to all the craziness and chaos of the past 12 months and look forward to a fresh start and robots!It’s the year 2045 and the robots have finally taken over the world. It all started when a group of rogue artificial intelligence beings […]

Should we tax robots?

Study suggests a robot levy — but only a modest one — could help combat the effects of automation on income inequality in the U.S.

Peer-Reviewed Publication

Massachusetts Institute of TechnologyWhat if the U.S. placed a tax on robots? The concept has been publicly discussed by policy analysts, scholars, and Bill Gates (who favors the notion). Because robots can replace jobs, the idea goes, a stiff tax on them would give firms incentive to help retain workers, while also compensating for a dropoff in payroll taxes when robots are used. Thus far, South Korea has reduced incentives for firms […]

The problem of work: Why the business model of capitalism is alienating American workers today

The problem of work: Why the business model of capitalism is alienating American workers today

First it was the “Great Resignation.” Then it was “nobody wants to work anymore.” Now it is “quiet quitting.”

Yet it seems like no one wants to talk about what I see as the root cause of America’s economic malaise – work under contemporary capitalism is fundamentally flawed.

As a political philosopher studying the effects of contemporary capitalism on the future of work, I believe that the inability to dictate and meaningfully control one’s own working life is the problem. Democratizing work is the solution. The problem of work What can be said about the malaise surrounding work under capitalism today? […]