Tag: inequality

No Need To Worry About AI, India Should Focus On Skill Development, Says Bibek Debroy

No Need To Worry About AI, India Should Focus On Skill Development, Says Bibek Debroy

File photo of EAC-PM chairman Bibek Debroy. (Image credit @bibekdebroy/Twitter) Emphasising Prime Minister Narendra Modi’s recent sentiments about AI, Bibek Debroy, chairman of the Economic Advisory Council to the PM, said that artificial intelligence would not lead to a scenario where there are fewer jobs.

Speaking at a seminar titled, Manufacturing Jobs: Implications for Productivity and Inequality , Debroy said , “There will always be some job loss, that does not mean that there will be overall fewer jobs… There is no need to be worried about AI, instead India should be more concerned about human development and skill development.”

According […]

Automation and jobs

@BBGVisualData Search for Automation Technician jobs at Monster. Advances in automation and robotics are putting a lot of jobs at risk. @BBGVisualData Apply to 20633 Automation Jobs on Naukri. The study, compiled by the McKinsey Global Institute, says that advances in AI and robotics will have a drastic effect on everyday working lives, comparable to the shift away from agricultural Jobs and Careers at the Automation Personnel Services, Inc. The study, compiled by the McKinsey Global Institute, says that advances in AI and robotics will have a drastic effect on everyday working lives, comparable to the shift away from […]

Tech Optimists See a Golden Future—Let’s Talk About How We’ll Get There

Tech Optimists See a Golden Future—Let’s Talk About How We’ll Get There

Technology evangelists dream about a future where we’re all liberated from the more mundane aspects of our jobs by artificial intelligence. Other futurists go further, imagining AI will enable us to become superhuman, enhancing our intelligence, abandoning our mortal bodies, and uploading ourselves to the cloud.

Paradise is all very well, although your mileage may vary on whether these scenarios are realistic or desirable. The real question is, how do we get there?

Economist John Maynard Keynes notably argued in favor of active intervention when an economic crisis hits, rather than waiting for the markets to settle down to a more […]

Four multilateral development banks present study on technology’s impact on jobs

Four multilateral development banks present study on technology’s impact on jobs

The FINANCIAL — Rapid technological progress provides a significant opportunity for emerging and developing economies to grow faster and attain higher levels of prosperity. However, some disruptive technologies could displace human labour, widen income inequality and contribute to greater informality in the workforce. Tapping new technologies in a way that maximises benefits, mitigates adverse effects and shares opportunities among all citizens will require public-private cooperation and smart public policy.

That is one of the main conclusions of a new study: The Future of Work: Regional Perspectives, released today by four regional multilateral development banks (MDBs): the African Development Bank (AfDB), […]

Will robots and AI take your job? The economic and political consequences of automation

Will robots and AI take your job? The economic and political consequences of automation

In Edward Bellamy’s classic Looking Backward , the protagonist Julian West wakes up from a 113-year slumber and finds the United States in 2000 has changed dramatically from 1887. People stop working at age forty-five and devote their lives to mentoring other people and engaging in volunteer work that benefits the overall community. There are short work weeks for employees, and everyone receives full benefits, food, and housing. [1] The reason is that new technologies of the period have enabled people to be very productive while working part-time. Businesses do not need large numbers of employees, so individuals can […]

Democrats can campaign on technology for edge in 2020

Democrats can campaign on technology for edge in 2020

© Getty Images While most Democratic candidates are ramping up for the 2018 midterm elections, at least two hopefuls have cast their gazes farther afield. Last year, John Delaney , a congressman representing Maryland’s sixth district, and Andrew Yang, a New York author and entrepreneur, threw their hats into the ring for the 2020 presidential election, leaving pundits baffled at their early and unexpected announcements. Both are longshots to win — Delaney is a little-known third-term representative and Yang is likely to double his campaign as a book tour for his manifesto, “The War on Normal People,” which hit […]

As automation threatens employment market, a look at the jobs that will be displaced

As automation threatens employment market, a look at the jobs that will be displaced

There is no denying that automation related job losses are in the news nowadays and they are also a reason for worry for many employees who are constantly concerned about their future in a rapidly changing work environment.

It is true that new technology creates jobs but automation will also hurt workers who are into routine and manuals jobs, according to an Asian Development Bank report.

The report added that new jobs will appear, but they may require skills that such workers do not possess. Further, as firms and industries adjust to new ways of producing and distributing goods and services, […]

What does automation mean for Asia’s job prospects?

What does automation mean for Asia’s job prospects?

This article was originally published by Devex and is republished with permission.

MANILA — Almost every industry talks about the potential of automation to boost productivity and cut down on production costs. But the new technologies spurring these incentives, such as robotics, are also posing threats — not just for unemployment, but also in widening the gap in worker opportunities and income inequality. Click here to see a larger version of the chart. Developing Asia’s industry and services sectors have generated about 30 million jobs annually over the past 25 years, according to the Asian Development Bank’s flagship report, […]

Which are the jobs that the robots will steal?

Which are the jobs that the robots will steal?

Robots reduce hours worked and wages for low- and middle-skilled workers, but has no significant effect on high-skilled workers. Photo: Bloomberg Will the Fourth Industrial Revolution and widespread automation lead to job losses in countries such as India? Some reports have been alarming—a paper by Frey and Rahbari said China risks losing 77% of jobs to automation, while India risks losing 69%. Thankfully, a new study by the Asian Development Bank on how technology affects jobs gives us hope.

Since fears of job losses have been with us since the days of the Luddites, the key question is: is the […]

Will robots lead to communism? Three core strategies to ensure automation works for the common good

Will robots lead to communism? Three core strategies to ensure automation works for the common good

Could automation lead to mass unemployment and the growth of communism, as Mark Carney has warned? Mathew Lawrence writes that deep technological change opens up two divergent paths: one where technologies are managed and owned to our collective advancement against one where they deepen inequalities. He draws on IPPR research to outline three strategies that will ensure automation works for the common good.

A spectre is haunting economists, the spectre of automation. Mass unemployment, wage stagnation and the intellectual and political revival of communism – these are just some of the outcomes Mark Carney foresaw over the weekend when […]