Tag: inequality

Technological Advances Make Things Better – Or Does It?

Technological Advances Make Things Better – Or Does It?

It certainly seems that technological advances make our lives better. Instead of writing a letter, stamping it, and mailing it (which was vastly more personal) , we now send emails. Rather than driving to a local retailer or manufacturer, we order it online. Of course, we mustn’t dismiss the rise of social media, which connects us to everyone and everything more than ever.

Economists and experts have long argued that technological advances drive U.S. economic growth and productivity. As innovations emerge, they play a crucial role in shaping the economy, improving efficiency, and enhancing productivity across various sectors. From artificial […]

​Income inequality: On the ILO’s World Employment and Social Outlook study

​Income inequality: On the ILO’s World Employment and Social Outlook study

The ILO’s World Employment and Social Outlook study (September) has definitively linked declining trends in labour’s income share of total income within nations to technological advances — mainly automation and artificial intelligence . In an analysis of the past two decades, it mentions a 1.6% drop in the global labour income share between 2004-24. More ominously, almost 40% of this decline was in the pandemic years of 2019-22 — a drop that has not been recouped in the past couple of years. Labour income share is a measure widely used to assess income inequalities within economies. The 1.6% drop […]

Analytical Studies Branch Research Paper Series Experimental Estimates of Potential Artificial Intelligence Occupational Exposure in Canada

Analytical Studies Branch Research Paper Series Experimental Estimates of Potential Artificial Intelligence Occupational Exposure in Canada

DOI: https://doi.org/10.25318/11f0019m2024005-eng

Text begins Acknowledgements

The authors would like to thank Li Xue, Marc Frenette and Vincent Hardy from Statistics Canada, and Jessica Gallant, Matthew Calver, Jacob Loree and Alan Stark from the Department of Finance Canada for their helpful and constructive comments. Abstract Past studies on technological change have suggested that occupations involving routine and manual tasks will face a higher risk of automation-related job transformation. However, recent advances in artificial intelligence (AI) challenge prior conclusions, as AI is increasingly able to perform non-routine and cognitive tasks. These advances have the potential to affect a broader segment of the […]

Impact of Automation on Jobs in 2024

Impact of Automation on Jobs in 2024

New Developments in Job Automation in the Present Year

Artificial intelligence (AI) continues to revolutionize the workforce, with recent advancements showcasing its potential to transform various professions. A diverse range of occupations, from creative roles like journalism to technical fields such as engineering, are witnessing the integration of AI technologies, reshaping traditional job functions.

Shift Towards Digitally Augmented Work Environments In a departure from previous trends, the impact of AI is now more pronounced in high-skilled sectors, including scientific and IT domains, highlighting the growing adaptability of machines in complex decision-making processes. Contrary to fears of widespread job displacement, […]

The Impact of AI on Employment: A New Perspective

The Impact of AI on Employment: A New Perspective

Technology in the form of AI has reshaped various aspects of our lives, with the job market and the tech industry being significantly affected. Many now worry about the potential replacement of human workers by advanced technology.

As artificial intelligence continues to advance, concerns grow about its implications for the workforce. While some argue that AI will create new job opportunities and enhance productivity, others fear widespread job displacement. Companies like Amazon are at the forefront of integrating AI into their operations, leading to speculation about the future of human employment.

However, amidst these apprehensions lies an opportunity for […]

How Technology and Automation Are Reshaping Wage Structures

How Technology and Automation Are Reshaping Wage Structures

Table of Contents 1. The Impact of Automation on Job Creation and Destruction

2. Rethinking Wage Determination in an Automated Economy

3. Skill Gaps and the Rising Demand for Technology-Savvy Workers 4. The Role of Artificial Intelligence in Wage Inequality 5. Geographic Disparities: How Automation Affects Different Regions 6. The Future of Work: Adapting Wage Structures for Remote Employment 7. Policy Implications: Balancing Automation and Fair Compensation Final Conclusions 1. The Impact of Automation on Job Creation and Destruction Automation has revolutionized industries, driving both job creation and destruction in […]

How the future will affect us

How the future will affect us

Public Services and Procurement Canada is using automation to help with tasks like processing retroactive payments outlined in new collective agreements and leave-without-pay entries, which used to be processed manually by compensation advisors. Getty Images Article content

In the coming years, emerging technologies will profoundly reshape nearly every aspect of human life, influencing how we work, communicate, manage our health, and interact with our surroundings. These innovations promise a future that is more efficient, connected, and personalized, impacting the lives of ordinary citizens in significant ways.

Advertisement 2This advertisement has not loaded yet, but your article continues below.Article contentOne of […]

Robots and wage polarisation

Robots and wage polarisation

VoxEU Column Labour Markets Productivity and Innovation In recent years, the rapid integration of industrial robots into manufacturing processes has spurred significant debate among policymakers and economists. The discussion centres around the transformative effects of automation on employment and the distribution of wages, especially in economies with substantial industrial sectors like the US. This column examines how the rise of robot capital has influenced wage polarisation across different occupations from 1990 to 2007, shedding light on the mechanisms driving these changes. The growing role of robots in industry

Industrial robots have revolutionised factory production over the past three decades, […]

International Journal of Advanced Research in Science, Communication and Technology (IJARSCT)

International Journal of Advanced Research in Science, Communication and Technology (IJARSCT)

IJARSCT ISSN (Online) 2581-9429

International Open-Access, Double-Blind, Peer-Reviewed, Refereed, Multidisciplinary Online Journal

Copyright to IJARSCT 49www.ijarsct.co.inImpact Factor: 5.731The Impact of Artificial Intelligence on JobMarket and Workforce Automation Prof. Kajal Mehta and Rishikesh PradhanAssistant Professor and Research ScholarSt. Rock’s College of Commerce and Science, Borivali (W), Mumbai, IndiaAbstract : AI, encompassing machine learning and robotics, revolutionizes industries, enhancing efficiency and innovation. However, it sparks concerns about job displacement, especially in sectors like manufacturing and customer service, potentially encroaching on human tasks. Despite this, AI fosters new roles in data science, AI development, and human-machine collaboration, demanding ongoing learning. […]

7% growth not coming with enough jobs: Gopinath

IMF ’s first deputy managing director Gita Gopinath, who is in India, spoke to TOI on a range of issues from the global crisis to AI and the need to create jobs. Excerpts:

How do you see wars and crises affecting the world and India?

In the last few years, we have seen a big rise in geo-political uncertainty, that’s a reflection of the conflicts, Russian invasion of Ukraine, conflicts in the Middle East (West Asia).More generally, because of the pandemic and the war there has been a rethinking by countries of what should be the rules of engagement. […]