Tag: manufactur

Robots Could Take Over 10 Million Jobs in Less Than 10 Years

Robots Could Take Over 10 Million Jobs in Less Than 10 Years

Star Wars Can robots write blog posts? Asking for a friend. A new study out of Boston University, picked up by Quartz , studied the impact of automation on the American workforce between 1990 and 2007. The findings indicate that robots pose far more of a threat to the American worker than do, say, illegal immigrants.

The study found that for every additional industrial robot added to the workforce, employment in that "commuting area" was reduced by between three and six human workers. Adding insult to injury, every one of our new metallic friends lowered wages by between .25 and […]

Automation study: 1 robot takes 5.6 jobs per 1,000 workers

Automation study: 1 robot takes 5.6 jobs per 1,000 workers

Industrial, automated robots build cars for Ford, a company that pioneered the assembly line. Source: Reuters Treasury secretary Steven Mnuchin raised eyebrows last week by saying he was “not worried at all,” about robots taking jobs, even going so far to say, “I’m optimistic.” According to Mnuchin, “it’s not even on our radar screen…50 to 100 more years.”

According to a new study by researchers at MIT and Boston University, this is very wrong, and the data tell a far different story of robots driving down wages and stealing jobs. The researchers, Daron Acemoglu of MIT and Pascual Restrepo of […]

The Job Automation Eliminated

The Job Automation Eliminated

Source: Future of Jobs Report, World Economic Forum A primary focus of the past election cycle and the current administration has been jobs. More specifically, there has been a great deal of talk about bringing jobs back that were offshored over the past decades. But speaking about boosting employment in this way does little to address the evolving needs of the market or help prepare people for the jobs that are available. As noted in a recent blog post , the number of open positions in U.S. manufacturing is currently the highest it’s been in 15 years due to […]

Robo-AI jobs doomsday may, er… not actually happen, say boffins

Robo-AI jobs doomsday may, er... not actually happen, say boffins

Damn. Can we have our technopanic back, please?

Special Report Today’s technopanic about robots and AI, largely created by the media, may be overstated.

New modelling published this week attempts to isolate the impact of industrial automation from other factors, and envisage what the economy might look like if the use of robots in industry increases, focusing on the impact on employment rates and working-class wages. Factory robots may have a significant impact on both – but only if the adoption of automation increases dramatically, the authors note. And it may not.In recent months headline-grabbing studies by consultants McKinsey and […]

We’re so unprepared for the robot apocalypse

We’re so unprepared for the robot apocalypse

Robotic systems work on a car at the Jaguar Land Rover factory in March in Solihull, England. (Leon Neal/Getty Images) Economists have long argued that automation, not trade, is responsible for the bulk of the six million jobs shed by the manufacturing sector over the last 25 years. Now, they have a put a precise figure on some of the losses.

Industrial robots alone have eliminated up to 670,000 American jobs between 1990 and 2007, according to new research from MIT’s Daron Acemoglu and Boston University’s Pascual Restrepo.

The number is stunning on the face of it, and many have interpreted […]

Never mind the Mexicans – Trump should fear the Robots

Never mind the Mexicans - Trump should fear the Robots

Economics experts warn

While the US government is making hay blaming foreigners for coming to the US and stealing jobs, it should be more worried about robots.

A new study from two leading economists have warned that the US is about to hand over most of its jobs to robots.According to the New York Times the industry most affected by automation is manufacturing. For every robot per thousand workers, up to six workers lost their jobs and wages fell by as much as three-fourths of a percent, according to a new paper by the economists, Daron Acemoglu of M.I.T. […]

​Worried that robots will take your job? You should be, as they’ve already cut your pay

​Worried that robots will take your job? You should be, as they've already cut your pay

Researchers estimate that the introduction of robots between 1990 and 2007 resulted in the loss of between 360,000 and 670,000 jobs. A new paper looking at US jobs data and industrial robot usage between 1990 and 2007 paints a bleak picture for the role of humans in tomorrow’s economy.

Economics researchers Daron Acemoglu, from the Massachusetts Institute of Technology, and Pascual Restrepo, from Boston University, found "large and robust negative effects of robots on employment and wages" when looking at US employment data over the period.

They attempted to measure the impact robots have had on wages and on employment so […]

Yes, the robots are taking U.S. jobs, new study says

Yes, the robots are taking U.S. jobs, new study says

Robots are taking our jobs, with those in the manufacturing industry feeling the most impact, a new research report says.

For every robot per thousand workers, about six workers lost their jobs, according to economists Daron Acemoglu of M.I.T. and Pascual Restrepo of Boston University, who conducted the study for the private, nonprofit National Bureau of Economic Research.

That amounts to 670,000 manufacturing jobs lost during the period covered by the study: 1990 to 2007. In addition, wages fell by as much as 0.7 percent during that time.Some workers in certain areas were more affected than others. “Our measure of exposure […]

Robots Depress Wages and Take Away Jobs: NBER

Robots Depress Wages and Take Away Jobs: NBER

The prospect of robots taking away jobs and reducing wages has been a lingering fear among workers in the manufacturing industry . That fear received corroboration from a new study released by the National Bureau of Economic Research (NBER) yesterday. According to the study, the introduction of a single industrial robot resulted in a loss of approximately 6.2 jobs per thousand workers and declined wages by roughly half a percentage point for the same set of people.

In total, robots were responsible for 670,000 job losses between 1990 and 2007, the period analyzed by the study’s authors. The study compared […]

Robots are winning the race for jobs, study finds

Robots are winning the race for jobs, study finds

Sushi robot Waterloo Region Record

Who is winning the race for jobs between robots and humans? Last year, two leading economists described a future in which humans come out ahead. But now they’ve declared a different winner: the robots.

The industry most affected by automation is manufacturing. For every robot per thousand workers, up to six workers lost their jobs and wages fell by as much as three-fourths of a per cent, according to a new paper by the economists, Daron Acemoglu of MIT and Pascual Restrepo of Boston University. It appears to be the first study to quantify large, direct, […]