Tag: liberal

Automation from the Worker’s Perspective: How can new technologies make jobs better?

Automation from the Worker’s Perspective: How can new technologies make jobs better?

1 Introduction

Sam Sayer worked in factories for years before he ever saw a robot. Now, in a red beard and zombie t-shirt, he’s teaching his colleagues on the factory floor how to use them [ 1 ]. Sayer is one of a growing group of employees at a New Hampshire cutting tool manufacturer who have become champions of the automation transforming their jobs. In recent years, Sayer’s employer has scaled advanced technologies across the company. Robots and advanced machines are distributed throughout their factories, working alongside employees to make them faster and freeing workers up to solve problems […]

Automating rural manufacturing: The role of AI in enhancing efficiency and quality

Automating rural manufacturing: The role of AI in enhancing efficiency and quality

By Salloni Ghodawat, Director, Ghodawat Consumer Ltd

India, a predominantly agrarian country, has seen a drastic transition in its economic structure in the past several decades. By contributing 17 per cent to the nation’s GDP, the manufacturing industry is emerging as an integral part of India’s economic growth, as reported by India Brand Equity Foundation. While urban cities have always been the core pillars of this growing manufacturing landscape, there has been a shift in focus where the nation is initiating industrial practices in rural areas. Government policies, technological advancements and initiatives to empower rural areas also play an […]

Mark Cuban Warns ‘Automation of Automation’ Will Disrupt Millions of Jobs – But Liberal Arts Majors May Thrive

Mark Cuban, the billionaire entrepreneur and outspoken investor, has never been shy about sharing his views on the future of technology and its impact on the workforce. In a recent interview , Cuban made a bold prediction: the next decade will bring a level of change that will dwarf the technological advancements of the past 30 years. However, Cuban also issued a stark warning about the "automation of automation" and its looming disruption to millions of jobs. Automation of Automation: The Next Frontier

Cuban believes we are on the cusp of a new era driven by artificial intelligence (AI), […]

Mark Cuban Warns ‘Automation of Automation’ Will Disrupt Millions of Jobs – But Liberal Arts Majors May Thrive

Mark Cuban, the billionaire entrepreneur and outspoken investor, has never been shy about sharing his views on the future of technology and its impact on the workforce. In a recent interview , Cuban made a bold prediction: the next decade will bring a level of change that will dwarf the technological advancements of the past 30 years. However, Cuban also issued a stark warning about the "automation of automation" and its looming disruption to millions of jobs. Automation of Automation: The Next Frontier

Cuban believes we are on the cusp of a new era driven by artificial intelligence (AI), […]

Regulatory Burden Falls Hardest on the Poor

Regulatory Burden Falls Hardest on the Poor

Print A young man sits outside a small, discount barber shop in Natchez, Mississippi. 1935. Three decades ago, few economists would speak against free trade or automation. Those who raised concerns about job displacements were met by replies that price reductions would compensate in the short run while higher incomes elsewhere in the economy meant new (and better) opportunities for everyone in the medium-run.

This is no longer the case. Many economists, most notably Nobel laureate Angus Deaton , have soured on free trade and automation. They argue that “big shocks,” like the rapid expansion of China (and its significant […]

The Great Automation Shift: Friend or Foe to the Future of Work?

The Great Automation Shift: Friend or Foe to the Future of Work?

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The specter of automation has haunted the working class for decades. From the textile mills of the Industrial Revolution to the self-driving cars of today, technological advancements have constantly reshaped the landscape of employment. Yet, the current wave of automation, fueled by artificial intelligence and robotics, feels different. Its potential impact on jobs is vast and multifaceted, prompting a crucial question: is automation a harbinger of mass unemployment or a catalyst for a transformed yet prosperous future of work?

On the surface, the threat of automation appears undeniable. Repetitive tasks, once the domain of human labor, […]

Protectionists Are Wrong: Free Trade is the Path to Prosperity

Protectionists Are Wrong: Free Trade is the Path to Prosperity

Print Invited guests flank then-President Trump at the signing ceremony for the United States-Mexico-Canada Trade Agreement. 2020. Both major presidential candidates, Joe Biden and Donald Trump, have leaned towards protectionism, a stance recently echoed by Terry Schilling in The American Conservative . Unfortunately, this perspective misses the mark.

Protectionism is not the solution to revitalize American manufacturing or the economy. The real culprits are flawed internal policies — excessive government spending, high taxes, and stringent regulations — that stifle growth and innovation.

Politicians from both sides of the aisle often scapegoat countries like China and Mexico for the decline in US […]

Levy Yeyati: ‘AI creates tensions that can lead to outsider populism’

Levy Yeyati: ‘AI creates tensions that can lead to outsider populism’

The Argentine economist spoke to the Herald about his recent book on AI’s impact on politics, economy, and society

Eduardo Levy Yeyati Eduardo Levy Yeyati is an Argentine economist, academic, and writer. In his latest book, “Automatizados” (Automated), co-authored with economist Darío Judzik, he plunges into the debate surrounding the impact of AI on the economy, jobs, and politics, as well as people’s daily lives.

Levy Yeyati received the Herald at his home in Buenos Aires. With his cat roaming in the background, he answered questions about the book’s key ideas. This interview has been edited for length and clarity. […]

AI is coming for the professional class. Expect outrage — and fear.

Will professionals displaced by AI find new jobs in health care? (iStock) I was born in 1973, just as the American economy was going to hell — though I cannot accept all the blame. It was the twilight of the 20th-century manufacturing boom that had almost managed to compress the whole country into one vast middle class and, for reasons beyond my control, that boom was unraveling. Inflation was headed into double digits as labor productivity began to decline, economic growth swooned, unemployment rose and manufacturing employment tipped into the final descent toward its current sub-10 percent share.

This turnaround […]

Automation Isn’t the Biggest Threat to US Factory Jobs

Automation Isn't the Biggest Threat to US Factory Jobs

For the past few decades, there has been an ongoing debate about the rise of automation in the industrial sector, and its potential impact on American manufacturing jobs. Many experts argue that as robots and AI become more advanced, they will inevitably replace many human workers on factory floors across the country. While the growing capabilities of automated systems do pose a legitimate disruption risk to some occupations, this view overlooks several important nuances regarding the true dynamics reshaping factory employment in the US. The relationship between automation and jobs is far more complex than simply machines displacing people […]