Tag: inequality

What will the future of work look like?

What will the future of work look like?

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Harry Ridgewell attended Chatham House’s Future of Work 2018 conference. The independent commission was set up and is co-chaired by Labour deputy leader Tom Watson. The conference covered the trend of slowing global productivity ( Mckinsey ), how […]

Does America need a new social contract? Politicians and tech leaders weigh in on the changing shape of work

Does America need a new social contract? Politicians and tech leaders weigh in on the changing shape of work

Sen. Mark Warner speaks at a progressive politicians event in Seattle. (GeekWire Photo / Monica Nickelsburg) Technologies younger than some pop stars are dramatically reshaping the modern economy and leaving many workers without the societal protections enjoyed by their parents and grandparents. The 18th Century philosophers who first imagined a “social contract” between government and the governed had no way to predict 21st Century concerns, like a shift from employment to contract work or the looming cloud of automation. I acknowledge that President Trump is probably the worst person in history to be president of the United States but […]

PREVIEW: Ready For It: Automation & the Future of Work

PREVIEW: Ready For It: Automation & the Future of Work

> 1. © 2018 Matthew R Mottola

3. Matthew empowers innovation through the Future of Work, a paradigm shift in the way we leverage technology to match & manage labor. Currently at Microsoft, Matthew is building the infrastructure to drive enterprise adoption & enablement of the future of work. At Georgia Tech, he is teaching this future. At universities & enterprises, he is speaking on this future. And, for early stage ventures, he is advising on & investing in this future. Whether by choice or chance, his life has always gravitated toward technology and its impact on work. […]

Guaranteed jobs may not solve the Democrats’ bigger problem with many voters

Policies to ensure everyone has a job sound appealing. But they may not help Democrats at the ballot box, and aren’t economically realistic.

The next big idea from the Democrats is a universal guarantee of a job to everyone who wants one.

Sens. Cory Booker, Kirsten Gillibrand and Bernie Sanders, all potential candidates for president in 2020, have endorsed some version of the idea.Booker would start with a pilot program in 15 urban and rural areas, using federal funds to provide employment at $15 an hour.Gillibrand went considerably further. She told The Nation magazine, “Guaranteed jobs programs, creating floors for wages […]

Middle-Wage Jobs Are on the Decline

Middle-Wage Jobs Are on the Decline

Minnesota’s unemployment rate dropped to a seasonally adjusted 3.2 percent in February. The state’s jobless rate hasn’t been that low in more than 17 years—since August 2000, according to the Minnesota Department of Employment and Economic Development. Available jobs now outnumber unemployed people.

While this would appear to be great news for jobseekers, those numbers obscure some troubling signals. The state’s strongest job growth is in low-wage (under $28,030 annually) and high-wage ($62,840 or higher) jobs. Salaries at the high end are bolstered by technology-related jobs. Middle-wage, middle-class jobs are in decline.

The phenomena, nothing new to economists, is called job […]

Robots creating a wages and employment ‘death spiral’ warns IMF

Robots creating a wages and employment 'death spiral' warns IMF

Photo: The rise of robots in the workplace will lead to dystopian outcomes, according to an IMF research paper. (ABC TV) The future of work run by robots appears to be a dystopian march to rising inequality, falling wages and higher unemployment according to a International Monetary Fund research paper. Workers are facing a "death spiral" of falling wages and rising inequality according to IMF report

Skilled wage could rise by 160pc and unskilled wages fall by 60 pc in worst case scenario

Conventional education and tax policies would have a limited impact in solving the problems The research […]

Robots and Artificial Intelligence will take your job

Robots and Artificial Intelligence will take your job

Since the first industrial revolution, there has been a recurrent fear that technology advancements will displace humans from their jobs even though they also give room for new jobs that require new skills.

In 1589, Queen Elizabeth I reportedly refused to grant the inventor of a mechanical knitting machine a patent for fear of putting manual knitters out of work. When the knitting machine was eventually invented, it provided jobs for operators and technicians.

Currently, especially in the wake of the fourth industrial revolution, futurists have projected a future where artificial intelligence (AI) will replace many jobs. A 2017 study by […]

Will the future of work be a utopia or a dystopia?

Will the future of work be a utopia or a dystopia?

Emerging technologies like artificial intelligence and robotics will have a dramatic impact on the future of work. Already, today’s most valuable technology companies employ about one-fifth as many workers as the most valuable companies in the 1960s. Estimates of workforce displacement due to automation range from the OECD’s 14 percent of current jobs to the European think tank Bruegel’s 54 percent . Automation will disproportionately affect low-skill workers that are least able to adapt to these changes. On May 14, Center for Technology Innovation Founding Director Darrell West unpacked these trends in a presentation and a panel discussion held […]

How tech affects women

How tech affects women

There is widespread discussion at present that robots and technology may take away jobs in the apparel sector in Bangladesh as well as in other developing and developed nations across the world.

It is thought that in the labour-intensive world, repetitive tasks previously done by humans can be done in far more efficient, effective way by the machines. Advanced technologies like AI and machine-learning might be able to perform, even the white-collar jobs, better than humans.

Whether technology will threaten jobs across the world or not is a fresh debate. More specifically, it is being discussed that technology upgradation will specifically […]

Karl Marx and the spectre of fascism

Karl Marx and the spectre of fascism

Photo: AFP The 200th birth anniversary of Karl Marx last Saturday has led to a spate of articles about the guru of revolution, many critical, some adulatory. Let us, as Deng Xiaoping exhorted us, seek truth from facts.

Marx was no ivory-tower intellectual, one of his most famous quotes being, “The philosophers have only interpreted the world in various ways; the point however is to change it.” Measured by that yardstick, Marx has been a dismal failure.

Look all around you and you will see the triumph of capitalism, Marx’s lifelong adversary. Regimes that called themselves Marxist have either bitten the […]