Tag: inequality

Robots could replace 20 million manufacturing jobs worldwide by 2030: Report

Robots could replace 20 million manufacturing jobs worldwide by 2030: Report

Robots are estimated to replace about 20 million manufacturing jobs by 2030, according to a new report.

The global stock of industrial robots has more than doubled since 2010, and the rise of robots has already had a "profound effect" on industrial employment around the world, according to a report released Wednesday by Oxford Economics , a global forecasting and quantitative analysis firm.

Each new robot introduced into the workforce displaces 1.6 manufacturing workers on average, the reports states.China is leading the rest of the world, installing one of every three new robots that comes into the job force, according to […]

Robots to replace 20 million manufacturing jobs by 2030

Robots to replace 20 million manufacturing jobs by 2030

Up to 20 million manufacturing jobs could be lost to robots across the world’s leading economies by 2030, an in-depth research project published today by Oxford Economics has found.

The report How Robots Change the World – What automation really means for jobs and productivity , found that around 1.7 million manufacturing jobs have already been lost to robots since 2000—including around 400,000 in Europe, 260,000 in the US, and 550,000 in China.

The rate of ‘robotisation’ is increasing rapidly: Since 2010, the global stock of industrial robots has more than doubled, the Oxford-based group said.If this rate holds, the global […]

How robots hurt jobs and wages

How robots hurt jobs and wages

Employment and wages suffer due to automation. Automation, a growing part of daily life, can make work easier but has also raised concerns about potential disruption and job loss. According to one World Bank estimate, two thirds of jobs in developing countries could be lost to automation.

A new research study by Osea Giuntella and Tianyi Wang published by the IZA Institute of Labour economics, which explores the implications of automation in China, adds to these concerns.

To measure the impact of automation on the Chinese labour market, the author examined data from the International Federation of Robotics (IFR) for countries’ […]

Robots to take over 20m jobs by 2030: study

Robots to take over 20m jobs by 2030: study

Robots are taking over millions of industrial jobs and now gaining in services, a trend that helps the overall economy but may worsen inequality, a new study finds. PHOTO : AFP WASHINGTON:

Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows.

The forecast set to be released Wednesday highlights growing concerns that automation and robots, while offering economic benefits, are disproportionately killing low-skill jobs and aggravating social and economic stress.The study by Oxford Economics, a private British-based research and […]

5 trends defining the future of retail

5 trends defining the future of retail

Shutterstock elenabsl Chinese online retailer JD.com recently launched the first fully automated warehouse, where only four employees are needed to do work that previously required 400. Forty German supermarkets tested using facial recognition technology to serve personalized advertisements to customers waiting in checkout lines. Two hundred ninety companies have committed to ensure 100 percent of their plastic packaging can be reused, recycled or composted by 2025.

As the signals of change above show, retail is changing in complex ways, and the future will look quite different from today. We need to prepare for new challenges — such as job loss […]

Robots to take 20M jobs, worsening inequality – study

Robots to take 20M jobs, worsening inequality – study

WASHINGTON, USA – Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows.

The forecast set to be released Wednesday, June 26, highlights growing concerns that automation and robots , while offering economic benefits, are disproportionately killing low-skill jobs and aggravating social and economic stress.

The study by Oxford Economics, a private British-based research and consulting firm, said job displacement from the rise of robots will not be evenly spread around the world, or within countries.Robots have already taken over millions […]

Robots to take 20 mn jobs, worsening inequality: study

Robots to take 20 mn jobs, worsening inequality: study

Robots are taking over millions of industrial jobs and now gaining in services, a trend that helps the overall economy but may worsen inequality, a new study finds Washington (AFP)

Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows.

The forecast set to be released Wednesday highlights growing concerns that automation and robots, while offering economic benefits, are disproportionately killing low-skill jobs and aggravating social and economic stress.The study by Oxford Economics, a private British-based research and consulting firm, said […]

Jobs at risk of automation and AI tech – How worry should we be?

Jobs at risk of automation and AI tech – How worry should we be?

Don’t get too comfortable with your job right now. In a few years, machines and algorithms could very well be replacing human workers in many industries – and it is not just F&B and production lines. Left out of the usual talk of cabbies, factory workers and salesmen being replaced are jobs in finance, legal firms, healthcare and administrators who are also at risk.

No, this isn’t another upsetting article to cause you anxiety, because we’re also here to let you know that these are still early days. Plenty can be done to ready ourselves for the inevitable shift in […]

Robots might turn out to be great coworkers

Robots might turn out to be great coworkers

In this June 26, 2015, file photo, workers assemble parts next to robot arms at an auto parts manufacture factory in Dafeng city in east China’s Jiangsu province. By Noah Smith / Bloomberg Opinion

The idea that automation will drive up unemployment or drive down wages—in other words, that robots will take people’s jobs—has become almost an article of faith for many Americans.

Everyone can point to instances of automation reducing demand for certain workers. And with so-called artificial intelligence (AI) technology improving rapidly, there’s widespread worry that many humans will simply be made obsolete. News outlets are full of […]

Researchers say 8 hours of work a week is enough to feel fulfilled. So why won’t hustle culture die?

Researchers say 8 hours of work a week is enough to feel fulfilled. So why won't hustle culture die?

A new study , which found that eight hours of work is all that humans need to be happy, is riling up the commentariat . Indeed, the findings reaffirm what many liberals, leftists and universal basic income advocates believe about work: namely, that we should all be doing less of it, and that if we did, we would be just as happy and more likely happier.

The study, from University of Salford and University of Cambridge researchers, published in the journal Social Science and Medicine, was specifically motivated by the belief that automation and technology may sharply reduce the number […]