It’s encouraging to see a smart young candidate for president talking about automation as a threat to the US economy and American jobs. The 2016 election was lacking any such discussion: the tech community was aware, but Washington lagged behind, as usual.
The formula is simple: when a machine become less expensive than a worker, then the human will go. And unlike the Great Depression, the jobs won’t come back.
Among the first jobs to go are the low-skilled sort, the employment that illegal border crossers count on getting in America. It’s likely that automation-caused unemployment would be higher without President […]
New York’s economy is in flux. The past decade has seen a continued decline in manufacturing employment and uncertainty in the retail sector, combined with strong job growth in hospitality, health care , construction and tech . The questions are whether public and private institutions have adjusted to these changes, and whether city residents have the skills that fit the positions the economy is creating.
"The rapidly transforming labor market of the 21st century is making obsolete traditional ways of training and educating," the Center for an Urban Future, a leading think tank, warned in a 2016 report. Of particular […]
You’ve read it in the papers. You’ve experienced it in life. Machines are taking over.
And they are doing it fast. Siri turned 9 on October 4 (go ahead, ask her if you don’t believe me). Tesla’s first Autopilot program is also 9. And Alexa is less than 5 years old.
Despite the fact that these AI-powered technologies haven’t graduated past their first decade, they seem to be running our lives. And they are apparently doing it better than we can. Just a few weeks ago, research came out explaining that Artificial intelligence was now at par with human experts when […]
That English word was used for Chinese men who migrated to America in the 19th and 20th centuries to work on construction projects, including railroads in the United States and, in the Philippines then still under the American occupation, Kennon Road in Baguio.
Coolie comes from two Chinese words: “ku” meaning difficult, and “li” meaning labor. Hard labor then, a term that
resonates with prison labor. The Chinese “ku” can also mean bitterness and sorrow.
Of all places, I thought of coolies during a trip to Binondo, the heart of our Chinatown, last weekend as we came close to a gridlock. […]
The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S., April 8, 2019. Discrediting popular belief that China is taking away developed countries’ manufacturing jobs, a new study from the International Monetary Fund (IMF) found out that technology and the automation it brings is the driver of unemployment, not competition from China.
Other countries’ trade relations with China have been mutually beneficial over many years.
However, US workers, particularly factory workers, are losing their jobs and the current US administration is looking at China’s rising productivity because of the mainland’s low, though […]
Is your job in danger of becoming obsolete? If it’s on this list, you’re at risk—no matter how good you are at it.
In an interview with 60 Minutes , artificial intelligence expert and venture capitalist Kai-Fu Lee predicted that 40 percent of the world’s jobs will be replaced by robots in the next 15 to 25 years. As AI progresses, warns an Oxford study , it is inevitable that large sectors of the workforce will face mass unemployment, mainly in jobs that involve manual or repetitious labor.
Peter C. Earle, a research fellow at the Institute for Economic Research […]
Trade for Development News discussed the future of globalisation and pathways to development with Richard Baldwin, Professor of Economics at the Graduate Institute, Geneva, and Director of the Centre for Economic Policy Research. In his latest book, The Globotics Upheaval , Baldwin predicts a future globalisation shaped by digitally fuelled innovations in robotics and artificial intelligence that will be very different from the present and the past. This future raises important questions around prospects for least developed countries in a dizzying era of global disruption.
TfD: Before peering into the future, let us first take a quick step […]
With the power of artificial intelligence (AI) being harnessed by countless companies to automate processes, there has been a lot of talk about the job losses that could occur across industries.
While new technologies will replace manual work (think manufacturing jobs) is the future of work really as bleak as some critics claim?
As AI evolves, some believe that it will steadily and inevitably take over large sectors of the workforce, bringing mass unemployment and social unrest.Some roles are at particularly high risk of automation, particularly ones in data keeping (e.g. record clerks, office assistants), low-level customer interaction (e.g. hotel/travel […]
Sriram RD , Managing Director, AuroLab and Pradeep David , General Manager, South Asia, Universal Robots in conversation with Prathiba Raju elucidate on how automation via cobots is reshaping the medical devices and diagnostic industry
Why is it necessary for the Indian medical devices and diagnostics industry to be automated?
Sriram RD: There is a lot of work in the medical industry that needs to be automated like packaging and other activities of the same kind. Pharma industry is considered as the sector which is established in a better way and several machines remain fully automated. There is […]
Participants in a West Virginia worker training program offered by Coalfield Development Corporation. Bobby Bowman mined coal in West Virginia for 12 years before his employer shut down.
“I don’t think that mine will ever open again,” he said.
Bowman lives in Welch, in the south of the state, where he worked at the Pinnacle Mine, which shut down almost exactly one year ago, putting him and about 400 others out of work. After waiting a month in hopes someone would buy Pinnacle and the mine would reopen, Bowman decided to do a four-week training program offered by the United Mine […]