Tag: manufactur

Automation Threatens Jobs But Offers Financial Freedom

Automation Threatens Jobs But Offers Financial Freedom

Despite sensational headlines and opportunistic politicking regarding the threat automation poses to socioeconomic stability, with a fully informed, properly educated population, more opportunities than threats lie ahead of us in the near future.

Automation has since the Industrial Revolution replaced human jobs with machines. As technology advances and automation evolves, the socioeconomic landscape of human civilization has evolved with it.

For instance, the initial Industrial Revolution disrupted centuries of multidisciplinary crafts and trades where a cottage industry consisting of individuals or small groups of people carried out the entire process of production. As technology merges information with the physical world, processes […]

Mnuchin: Automation `not even on our radar screen’

Mnuchin: Automation `not even on our radar screen'

Companies are investing heaps of money to develop artificial-intelligence technologies that promise to transform industries as varied as transportation, finance and health care. That all adds up to big economic change, technologists warn.

But for Treasury Secretary Steven Mnuchin, the artificial intelligence revolution and its impact on the U.S. workforce is "not even on our radar screen." In an interview with Axios, Mnuchin predicted the technology was still 50 to 100 years from displacing human jobs.

"I’m not worried at all," he said. "In fact, I’m optimistic."His remarks contrast with a growing body of research that suggests the economic shift will […]

Tech world debate on robots and jobs heats up

Tech world debate on robots and jobs heats up

Advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations (AFP Photo/JUSTIN TALLIS) Although technology has long affected the labor force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or "knowledge-based" jobs.

Just a few examples: self-driving technology may eliminate the need for taxi, Uber and truck drivers, algorithms are playing a growing role in journalism, robots are informing consumers as mall greeters, and medicine is adapting robotic surgery and artificial intelligence to detect cancer and heart conditions.

Of 700 occupations […]

Will robots replace workers in the near future?

Will robots replace workers in the near future?

Those in wholesale and retail sectors in the UK are at highest risk from breakthroughs in robotics and artificial intelligence

Millions of workers are at high risk of being replaced by robots within 15 years as the automation of routine tasks gathers pace in a new machine age. A report by the consultancy firm PwC found that 30 per cent of jobs in Britain were potentially under threat from breakthroughs in artificial intelligence (AI). In some sectors, half the jobs could go. The report predicted that automation would boost productivity and create fresh job opportunities, but it said action was […]

The Age of Mass Unemployment Is Nigh, and That’s Not the Worst of It

The Age of Mass Unemployment Is Nigh, and That’s Not the Worst of It

HOMO DEUS: A Brief History of Tomorrow By Yuval Noah Harari Published February 21, 2017 Illustrated. 449 pp. Harper/HarperCollins Publishers. $35. Among the many scandals and comments that derailed Andy Puzder’s campaign to become Labor Secretary was an interview he gave after visiting a partially automated restaurant, where no human interaction is required.

The CEO of CKE Restaurants, which owns the Hardee’s and Carl’s Jr. fast-food chains, told Business Insider in May that he was investing in automation as a way to deal with rising labor costs due to an increase in the minimum wage, before offering a cynical explanation […]

Treasury Secretary: Robots replacing human workers is ‘not even on our radar screen’

Treasury Secretary: Robots replacing human workers is ‘not even on our radar screen’

Treasury Secretary Steven Mnuchin talks March 9 before a meeting with leaders from small community banks in the Roosevelt Room at the White House. (Jabin Botsford/The Washington Post) Companies are investing heaps of money to develop artificial-intelligence technologies that promise to transform industries as varied as transportation, finance and health care. That all adds up to big economic change, technologists warn.

But for Treasury Secretary Steven Mnuchin, the artificial intelligence revolution and its impact on the U.S. workforce is “not even on our radar screen.” In an interview with Axios , Mnuchin predicted the technology was still 50 to 100 […]

Robots and AI ‘pose risk to ten million UK jobs’

Robots and AI 'pose risk to ten million UK jobs'

A recent report from PwC says that – although the UK has fewer jobs at risk from increased automation over the next 15 years than the US, Germany and Japan – around ten million jobs will be affected. The UK has fewer jobs at risk from increased automation over the next 15 years than the likes of the US, Germany and Japan, according to an analysis from PwC.Even so, the report said that about ten million British workers risked seeing their jobs taken over by robots, while others will see the nature of their work change as AI technologies […]

30% of UK jobs at risk of automation by 2030

30% of UK jobs at risk of automation by 2030

Over 30% of UK jobs are at risk of becoming automated within the next 15 years thanks to developments in artificial intelligence, at least according to a recent report by PwC .

More than 10 million jobs are at "high risk" of being replaced with robots, although some sectors such as transportation and manufacturing would be worst hit by the emerging technology.

The report found that up to 56% of transportation and storage jobs could disappear, while 46% of manufacturing and 44% of retail roles could be soon carried out by AI led software or robots, sectors involving high proportions of […]

Why American jobs have a higher risk of automation than jobs in Germany, the UK, and Japan

Why American jobs have a higher risk of automation than jobs in Germany, the UK, and Japan

You’ve been warned before—robots are coming for your job. The speed of technological advancement, particularly in smart automation, has sprung countless economic studies and political warnings about how many people are likely to lose their jobs to this rise of the machines. But it’s not an easy number to peg down; estimates range from 5% to 50%.

The latest predictions from PricewaterhouseCoopers (pdf) survey the damage for specific countries. Analysts at the consulting firm said that by the early 2030s, 38% of US jobs are at a high risk of automation, more than in Germany, the UK, and Japan.

PwC revisited […]

“Utterly Shocking”: Silicon Valley Slams White House for Ignoring A.I. Threat

“Utterly Shocking”: Silicon Valley Slams White House for Ignoring A.I. Threat

By Ronald Wittek/Pool/Getty Images. If there’s one thing that labor economists and leaders in Silicon Valley generally seem to agree on, it’s that increasingly sophisticated technology is coming to replace American jobs. According to a new report from PricewaterhouseCoopers, 38 percent of U.S. jobs are at high risk of being replaced by automation in the next 15 years, compared with 30 percent of jobs in the U.K. and 21 percent of in Japan. The United States, like the United Kingdom, is dominated by service jobs in sectors like manufacturing, transportation, finance, and food service, and U.S. jobs are particularly […]