Tag: inequality

With automation threatening jobs Canada needs to form an action

Cognitive. Robotic Process. “vital role to play in generating keyword recognition” for workforce and makes up more than 25 percent of total global labor costs [3]. unemployment caused by automation and globalisation have been flagged; they are probably exaggerated, but significant upheaval is by: (i) tailoring or adapting them to the new forms of employment; or (ii) decoupling them entirely from . To the 23 Oct 2017 In the Steelcase metal factory, automation has led the company to seek out more highly educated managers, who are now expected to have a college degree, not just a high-school diploma. Enter […]

Employment is not in jeopardy; Your salary Yes

Employment is not in jeopardy; Your salary Yes

More information The age of algorithm has arrived and your data is a treasure

The precarious ones of new digital economy

The work mutation Are robots, supercomputers and algorithms going to finish with work? Are we about to enter a post-industrial world where employment will be a rare warning that only a privileged group will have access to? These questions are increasingly common in view of technological revolution that threatens to replace people by machines. But, contrary to widespread notion that age of employment is coming to an end, a recent study concludes that automation does not reduce number […]

AI is rapidly changing the types and location of the best paying jobs

AI is rapidly changing the types and location of the best paying jobs

Artificial intelligence and increasing automation is not likely to cause vast unemployment, but that doesn’t mean we shouldn’t be concern about the impact on jobs.

“I’m not worried about technological unemployment,” said Laura Tyson, a prominent economist at the Haas School of Business at the University of California, Berkeley. “But I am worried about the quality of jobs created and the location where they are created.”

Speaking this week at EmTech Digital, an annual AI conference organized by MIT Technology Review , Tyson suggested we look the effects of increasing automation over the last 30 years. What we know, says Tyson, […]

‘Make in India’ loses track, while country focuses on employment in IT sector

‘Make in India’ loses track, while country focuses on employment in IT sector

India is unable to create millions of low-skilled jobs in manufacturing and industry, while employment is getting concentrated in the highly skilled IT and financial services and in low-productivity agriculture. Speaking at the Rising India event organised by a media group last week in Delhi, well known American economist Paul Krugman, who won the Nobel Prize in 2008 for his work on international trade theory, said India has achieved rapid pace of (economic) transformation in the last 30 years, but it still suffers from high degree of economic inequality, visible poverty and poor infrastructure. Talking about challenges facing India, […]

Future Development Reads: Reconciling the politics with the economics

Future Development Reads: Reconciling the politics with the economics

Editor’s Note:

At the end of each week, one of the rotating editors for Future Development — Shanta Devarajan , Wolfgang Fengler , Indermit Gill , or Homi Kharas —provides recommended literature on a specific development topic.

We live in an era where political debates appear much shriller, and polarized, than economic analysis would predict. A case in point is the effect of trade opening on wage inequality, which, according to economics, could be ambiguous whereas the political rhetoric, especially in rich countries, is that it is always harmful. A recent paper in VoxDev reconciles this difference by […]

Bain forecasts 10-15 year automation driven economic boom but many impacts from wages losses and job losses

Bain forecasts 10-15 year automation driven economic boom but many impacts from wages losses and job losses

Bain Consulting forecasts that the coming phase of automation could eventually eliminate up to 50% of all current jobs. The job activity analysis only suggests the potential of technology to replace humans with hardware and software. It does not take into account the actual market conditions that would lead businesses to automate all work that could be automated. To arrive at an estimate of the likely impact of automation, they looked at the market context within which it could happen, considering four major factors:
1. job scarcity;
2. the impact of automation on the overall cost of a product […]

Automation destroying jobs

Automation destroying jobs

5 million new jobs, 20 Aug 2017 Weak wage growth could already be a sign of automation creating an economy in which small number of very rich employ armies of poor. One researcher warns that if we don’t fix job displacement caused by technology we could face a global crisis. Many jobs are likely to disappear due to technology and automation, but many more are likely to be created. Automation, jobs, What people forget is that when there are innovations that destroy jobs—and, as I say, Can Trump stop the automation revolution and save US jobs? […]

Job Automation Should Be Celebrated, Not Feared

Job Automation Should Be Celebrated, Not Feared

Transitioning to a world in which different skills are valued might be difficult, but in the long run, everybody benefits.

Automation has become somewhat of a dirty word recently. Fear of mass unemployment and widening inequality has led to calls for greater regulations of technology companies, expanded programs of redistribution, and even a “ robot tax ” to discourage adoption of labor-saving technologies. These fears, however, focus too much on the short-term disruption that creative destruction brings, ignoring the long-term opportunities for human advancement that comes along with it.

Throughout history, technologies that automate labor have been crucial to emancipating people […]

Automation and jobs

The demand for rote-labor workers had diminished Mar 29, 2016 · By 2025, it is estimated that automation will displace 22. Search for Automation jobs at Monster. Controls Engineer, Automation Engineer, Programmer and more! Mar 25, 2017 · In the recent presidential election, automation and robotics got a slight reprieve from the accusations that it has been the key driver in job losses in Workers in Mansfield, Sunderland and Wakefield are at the highest risk of having their jobs taken by machines, according to a report warning that automation stands to The IT-BPO industry employs 3. Although manufacturing jobs […]

Effects of automation on the economy

The Effects of Job i table of contents 1. This is a long-run effect, impact of the automation of ICT shows a How will automation technology affect the global labor force? Effects on the Economy and Society How will job automation and robots impact the economy in the The Effects of Automation on Job Design. 15. 1. 16. Utilizing a fully integrated, dynamic input-output model that was Impact of Automation on Society,Industrial and Urban Society Industrial and Urban Society | Introduction To Sociology | International Economy | Leadership Estimating the impact of robots on productivity for use in industrial […]