inequality Archives - Page 44 of 116

Robots Are Here to Make Your Job Safer and Cleaner

Human beings have long worried about new machinery, computers, and robots displacing human workers and causing economic hardship, with recent one recent poll finding that 76% of Americans believe that inequality between the rich and the poor would increase if robots and computers perform most of the jobs currently being done by humans. The skyrocketing unemployment figures related to the current coronavirus pandemic aren’t doing much these days to reassure people about their long-term employment future, either. But the risks being highlighted by Covid-19 should actually lead us to appreciate the great potential automated workplace technology has for making […]

Full Post at cei.org

Where Do Workers Go When Robots Arrive?

Economics researchers have long studied how local workers respond when an industry such as steel manufacturing is squashed by obsolescence or competition. Is the region able to regenerate with new industries and workers to fill them? Do displaced workers migrate to where new jobs appear, helping the economy at large absorb adverse economic shocks? Or does the local population decline, stuck in economic decay?

The answers to those questions are vital for economists, policy makers, and local governments to decide as new waves of technology, such as artificial intelligence and robotics, sweep across the business environment. The subject is also […]

Full Post at hbswk.hbs.edu

Jobs That Will Be Lost To Automation

It’s time to dive into the jobs lost to robots statistics. Fascinating Stats and Facts on Jobs Lost To Automation As many as 30% of jobs will be replaced by automation, especially the boring and repetitive ones. 1.5 million people in Of course, some jobs are more easily transitioned to automation than others. It’s important for business owners to recognize and prepare for these potential shifts and for those who are in, or. Many of the people who lost their jobs to computerization and sought to find new work through public employment offices were only able to get low-paying […]

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The Post-Trump Agenda

The stakes in November’s US presidential election are high, given how much damage to America and the world a second Trump term could cause. But even if Trump is defeated, Americans must address the deeper problems that made his presidency possible.

CAMBRIDGE – The experience of the past three years has shattered the myth that the US Constitution on its own can protect American democracy from a narcissistic, unpredictable, polarizing, and authoritarian president. But the country’s problems are not limited to the menace in the White House. All Americans also bear responsibility for the current state of affairs, because we […]

Full Post at www.project-syndicate.org

VoxEU: Don’t blame it on the machines: Robots and employment in Europe

In the last couple of decades, the Digital Revolution has unleashed rapid progress in many advanced technologies such as artificial intelligence and robotics. Especially in the aftermath of the Great Recession, this has sparked an intense debate on the future of work, both in academic circles and amongst the general public. In this debate, the image of robots replacing workers – most notably, low-skilled workers – is a recurring theme. For instance, according to a recent Eurobarometer survey, 72% of Europeans believe that “robots and artificial intelligence steal peoples’ jobs” (European Commission 2017). This column summarises the main findings […]

Full Post at think.ing.com

The future of global manufacturing

Today’s rapidly evolving manufacturing technologies including artificial intelligence, advanced robotics and the “internet of things”—often referred to as “Industry 4.0” technologies—are poised to reshape the global manufacturing landscape, with important consequences for the traditional role of manufacturing in economies’ structural transformation, growth, and job creation.

As we explore in our chapter in the just-published book “ Growth in a Time of Change ,” technology is changing the comparative advantages that drive competitiveness. Developing countries’ comparative advantage in low-skill, low-labor-cost production is at risk as routine low-skill tasks are increasingly automated. New technologies are demanding higher-level skills, raising the capital intensity […]

Full Post at www.brookings.edu

Automation and Capitalism – a Match Made in Orwellian Hell or a Manageable Evolution?

Automation is the defining trend of the 21st century, marked by an inexorable march toward mechanized labor and a concurrent reduction in the physical toil by humans.

However, as this transition to an automated global economy continues, many remain fearful of the rise of neo-serfdom – a new, exorbitantly wealthy ruling class that derives much of its wealth from unbridled automation. In such a scenario, global wealth will be concentrated in an extremely small number of hands while the overwhelming proportion of the global populace toils in misery.

In this article, I will shed light on facts pertaining to automation in […]

Full Post at wccftech.com

Flying High: The Top Ten Airline Routes by Revenue

Every day, global trends are reshaping society and the business landscape. Here are 10 insights into how the world is changing—and where we are heading. 10 Global Insights into a Transforming World from 2019

Every day, global trends are reshaping society and the business landscape.

Today’s infographic from McKinsey Global Institute (MGI) presents a snapshot of 10 insights into how the world is changing, based on its research work from 2019.How did we get here, and where are we going? A Connected World in Flux Globalization is making the world “shrink” every day, as humans and trade become increasingly connected. […]

Full Post at www.visualcapitalist.com

A jobless future

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11 The writer is a development and technology policy consultant. ONE of the first concepts taught in economics is the circular flow of income: workers sell their labour to producers and receive income in return, which then flows back to producers in return for finished goods and services. This foundation sustains the modern economy. But the quest for higher profits accelerates the breakdown of this relationship between capital and labour. In its worship of the bottom-line, capitalism aims to drive labour costs ever lower through technological progress.

Joblessness and increasing inequality erode purchasing power and break down […]

Full Post at www.dawn.com

Tech automation will mean less work for people to do, , according to a new book by economist Daniel Susskind

practical economics ubs banner_version 2 World Without Work cover Economist Daniel Susskind’s new book, "A World Without Work," states that there will be less work to go around as technology innovation automates more tasks.

Governments might have to do more to help people in the future who are underemployed, including new taxation policies.

A more difficult problem to solve is helping people find meaning in their lives when occupations no longer provide validation. This article is part of a series called Practical Economics . You’re not paranoid. One day – sooner than you think – a […]

Full Post at www.businessinsider.in