Tag: inequality

Study: Automation drives income inequality

Study: Automation drives income inequality

New data suggest most of the growth in the wage gap since 1980 comes from automation displacing less-educated workers. When you use self-checkout machines in supermarkets and drugstores, you are probably not — with all due respect — doing a better job of bagging your purchases than checkout clerks once did. Automation just makes bagging less expensive for large retail chains.

“If you introduce self-checkout kiosks, it’s not going to change productivity all that much,” says MIT economist Daron Acemoglu. However, in terms of lost wages for employees, he adds, “It’s going to have fairly large distributional effects, especially for […]

Automation in Mexico and real wages

Automation in Mexico and real wages

Mexico , among a few other countries, did not experience real wage growth associated with increased use of robots (automation), highlights a report released by the World Bank .

Above all, automation in Mexico has been associated with a fall in unit labor costs and a faster decline in activities that rely relatively more heavily on robotic automation than in industries with low robot density.

As a result, the report indicates that the automation phenomenon has mostly rewarded capital and contributed to the downward trend in the labor income share in the country.Moreover, real wages in the highly automated automotive sector […]

How to help workers who feel alienated and overwhelmed

Guest column

First it was the “Great Resignation.” Then it was “nobody wants to work anymore.” Now it’s “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?There are […]

Jobs at risk of automation. 9 million of the 9. 14% of jobs are at hi…

Jobs at risk of automation. 9 million of the 9. 14% of jobs are at high risk of automation; 32% are at medium risk; and 26% are at low risk of being automated. More . Within countries, however, employment growth has been much lower in jobs at high risk of automation (6%) Library technicians. Photograph: Mona Chalabi Inequality and opportunity in America is . 1% to 7. S. Specifically, 13. Dismiss. And more recently, a study by the OECD suggests that it is actually 14%, with a further “32% of jobs have a risk . In a recent survey, […]

Essay on the Impact of Automation on Employment

Essay on the Impact of Automation on Employment

Automation is a process through which technology and applications are used to carry out the work efficiently and reliably instead of being carried out by humans manually (‘What is Automation?’, ISA, 2020). Automation helps to efficiently carry out repetitive task which otherwise needed to be done by human manually and by doing so automation helps to save time and cuts down the cost of production or project. The use of automation is diverse in today’s world from defense and information technology to manufacturing and transport (Strawn, 2016). Automation can be done in various form, be it robotics to software […]

Opinion: Automation is not a blessing, but it doesn’t have to be a curse either

Opinion: Automation is not a blessing, but it doesn’t have to be a curse either

Automation is imminent, but humans must control the rate of its takeover CHRISTINA DINH/THE VARSITY If there’s one thing that seems to move faster than time nowadays, it is the pace of scientific innovation. New technology threatens to change everything in our lives, especially what is required of human beings in the labour market, as artificial intelligence (AI) and automation take over businesses.

The power of automation is real

Automation is when machines work to reduce human intervention in tasks. However, the idea is not just to replace, but to outperform, human labour. Enthusiasts of self-driving cars and AI-powered […]

Are we ready for Industry 4.0?

Are we ready for Industry 4.0?

The Philippine Institute for Development Studies says that while there is no universally agreed definition of frontier technologies that are part of the 4ID, those that have been most commonly identified as frontier include AI, robotics, 3D printing and the Internet of Things. PHOTO FROM PEXELS

THE advent of the Fourth Industrial Revolution (4ID) or Industry 4.0 has raised questions about the country’s readiness to deal with technologies of the future.

Industry 4.0 means a techno-industrial world where workers have to adapt via upskilling and reskilling. The Department of Labor and Employment (DoLE) said that under the current context, Industry […]

Will Elon Musk’s Tesla Bot replace human workers? It’s not that simple

Will Elon Musk’s Tesla Bot replace human workers? It’s not that simple

The Tesla Bot is on display at the Tesla Giga Texas manufacturing facility during the “Cyber Rodeo” grand opening party on April 7, 2022, in Austin, Texas. Elon Musk is bullish on robots — his own, at least.

The Tesla chief executive claimed last year that his company was in the advanced stages of developing an autonomous android that would relieve humans of their hazardous, repetitive and boring jobs. Some of those humans currently work in Tesla factories, where the company plans to deploy thousands of the new robot, dubbed Tesla Bot or Optimus, according to a recent job listing […]

Why rural revitalisation needs govt focus

Why rural revitalisation needs govt focus

The news is disturbing. There are more job openings available than there are job seekers. In America, there are 11.2 million jobs available, but there are only 5.6 million people who are looking for jobs. This isn’t something peculiar to the United States; many of the rich developed countries face a similar dilemma.

At the same time, whether it is in the US or in India or for that matter in South Korea and Germany, increasingly people are becoming disenchanted with the kind of jobs that the cities are providing. The disenchantment is also because of the lack of adequate […]

Back to roots: Why India needs to shift its policy focus on rural revitalisation

Back to roots: Why India needs to shift its policy focus on rural revitalisation

All it requires is a rethinking, a radical overhaul of the economic design that has led to accumulation of wealth in the hands of a few, and reversing the urbanisation process that has made cities responsible for as much as 70% Greenhouse Gas Emissions

The news is disturbing. There are more job openings available than there are job seekers. In America, there are 11.2 million jobs available, but there are only 5.6 million people who are looking for jobs. This isn’t something peculiar to the United States; many of the rich developed countries face a similar dilemma.

At the same time, […]