inequality Archives - Page 61 of 116

The future of work: Why every prediction you read is wrong

Fifth Frame co-founder Jon Williams. Source: Supplied. Every prediction you have read about the future of work will be wrong.

And the impact on workers in five or 10 years’ time is not an issue for the future, has the potential to be either positive or destructive and will be a consequence of actions taken today.

While the debate about the future of work continues to get plenty of media coverage, much of it is of the alarmist ‘the robots are coming to take your job’ version. It makes for good press and interesting, populist stories.However, the predictions for the near-term […]

Full Post at www.smartcompany.com.au

Robots set for uprising against taxes after taking too many jobs from humans

New report warns against taxing robots

There are increasing calls for policymakers to impose taxes on robots and other capital goods based on the faulty analysis that doing so is necessary to raise adequate government revenue, restore labor income, and remove “distortions” in the tax code.

However, a new report from the Information Technology and Innovation Foundation (ITIF), the world’s leading think tank for science and technology policy, shows that these concerns are illusory and that taxing robots would slow productivity growth, as well as growth in wages and GDP.Robert Atkinson, ITIF president and author of the report, […]

Full Post at roboticsandautomationnews.com

4 sobering predictions about the future of jobs in an automated world

Artificial intelligence and automation will create more jobs than they replace, according to a new report entitled “The Future of Jobs” from the World Economic Forum (WEF). But the transition will likely be tough for some workers, the group warns. “Our analysis finds that increased demand for new roles will offset the decreasing demand for others,” according to the report. “However, these net gains are not a foregone conclusion. They entail difficult transitions for millions of workers and the need for proactive investment in developing a new surge of agile learners and skilled talent globally.” Among the report’s findings: […]

Full Post at www.impactlab.net

Is Automation Taking Labour Jobs?

Even Experts cannot deny exactly how much Robots and AI Technology will change our Workforce.

In today’s era, there’s little in the world of work that can’t be done by computers, either now or in the foreseeable future. Machines have been doing many things more precisely than humans for all sorts of industries from farming [Autonomous tractors] to retail [Amazon’s warehouse robots].

Even the tasks we used to think as ‘safe’ from Machines, such as those involving quintessentially human traits like empathy and creativity, are slowly becoming things computers might one day do.Robotics and machine learning [AI] have improved productivity and […]

Full Post at www.oneclickitsolution.com

In a new book, Salman Anees Soz lists four key policymaking principles to tackle unemployment

Workers at a MNREGA construction site. | HT Photo When the next government takes over, it will have to attend to multiple challenges. Before we discuss those, however, we need to talk about an overarching challenge that is at the heart of any discussion involving India’s future – employment generation.

If the economy produces the kinds of decent jobs that Indian youth are struggling to find right now, the ramifications will be massive and positive. India could end extreme poverty, reduce inequality and achieve upper-middle-income country status. The table below provides the World Bank’s income classification. India’s gross national income […]

Full Post at scroll.in

How to Get the AI-powered Economy We Want

The American economy accelerated nicely in the middle of last year. A Two Percent Economy no more! Well, at least for a bit. Economic growth now seems to be reverting to the humdrum pace seen over most of the post-Financial Crisis recovery. (The Trump White House, it should be noted, sees things more optimistically .) The combo of slower labor force growth and productivity growth means the economy’s growth potential isn’t what it once was.

But maybe artificial intelligence can accelerate economic growth on a sustained basis by boosting productivity growth. In their 2018 paper, “ AI and the Economy […]

Full Post at ricochet.com

How to get the AI-powered American economy that we want

The American economy accelerated nicely in the middle of last year. A Two Percent Economy no more! Well, at least for a bit. Economic growth now seems to be reverting to the humdrum pace seen over most of the post-Financial Crisis recovery. (The Trump White House, it should be noted, sees things more optimistically .) The combo of slower labor force growth and productivity growth means the economy’s growth potential isn’t what it once was. I.P. Park, president and chief technical officer for LG Electronics, speaks on artificial intelligence during a keynote address at the 2019 CES in Las […]

Full Post at www.aei.org

The revolution need not be automated

BOSTON – Artificial intelligence is transforming every aspect of our lives, not least the economy. As a general-purpose technology, AI’s applications are potentially endless. While it can be used to automate tasks previously performed by people, it can also make human labor more productive, thereby increasing labor demand. Unfortunately, the current trend in commercial AI development is toward more and more automation, with potentially disastrous consequences for society. To be sure, automation has been an engine of productivity growth since the beginning of the Industrial Revolution, when, starting in the late eighteenth century, weaving and spinning were mechanised. But […]

Full Post at www.newtimes.co.rw

The Revolution Need Not Be Automated

For centuries after the Industrial Revolution, automation did not hinder wage and employment growth, because it was accompanied by new technologies geared toward maintaining the role of human labor in value creation. But in the era of artificial intelligence, it will be up to policymakers to ensure that the pattern continues.

BOSTON – Artificial intelligence is transforming every aspect of our lives, not least the economy. As a general-purpose technology, AI’s applications are potentially endless. While it can be used to automate tasks previously performed by people, it can also make human labor more productive, thereby increasing labor demand. Unfortunately, […]

Full Post at www.project-syndicate.org

Al Gore Did Not Invent the Green New Deal, but He Likes It

I met Al Gore when I interviewed him for Red Herring magazine during his run for the presidency 20 years ago. I remember thinking I’d never met a politician so intellectually curious and so uncomfortable with campaigning. ( Red Herring ’s archives are long gone, but The Weekly Standard’s derisive summary of our conversation still exists.) The then-vice president was genuinely interested in technology: At one point, he spun an elaborate metaphor, likening American democracy to a microprocessor. Gore helpfully sketched the idea on a napkin, drawing the executive branch as the control logic section. We kept the napkin, […]

Full Post at www.wired.com