Tag: manufactur

DICT: 48% of employees to be affected by automation

DICT: 48% of employees to be affected by automation

The statistic underscores the need to urgently improve public access to the internet and information RETHINKING PROCESSES. Rodolfo Salalima (center) addresses the need for society to adjust to the advent of automation. Photo by Gelo Gonzales/Rappler MANILA, Philippines – The incoming wave of automation underscores the need to improve internet services in the country – and fast.

Automation or the assignment of jobs and tasks to machines and computer-helmed systems will affect roughly 48% of employees in the Philippines – either by reducing the worker’s role or taking away a job completely. The statistic was presented by Department of Information […]

Bill Gates thinks robots should be taxed. Is he right?

Bill Gates thinks robots should be taxed. Is he right?

Robots are taking your kids’ jobs too. (Photo: Central Press/Getty Images) Bill Gates, the techno-optimist who co-founded Microsoft, is worried about the rise of the robots. What people will do when all the jobs disappear? When he was interviewed by Kevin Delaney of Quartz , he had this to say about it: “You ought to be willing to raise the tax level and even slow down the speed” of automation, Gates argues. That’s because the technology and business cases for replacing humans in a wide range of jobs are arriving simultaneously, and it’s important to be able to manage […]

Automation Won’t Create New Jobs Causes & Consequences

C O N T E N T S:

KEY TOPICS In any case, automation has never led to fewer jobs in the economy in the past and never will in the future, for the simple reason that automation lowers prices which increases demand for goods and services, which in turn creates jobs.” (More…)

POSSIBLY USEFUL Their positional value as premium workers has eroded, which affects demand for their services, and also their job satisfaction. (i.e. the closer a worker’s pay is to minimum wage, the less satisfied they are with their pay, even if the reason for the […]

Return of the Luddites

Recent economic studies predict in a decade or two 47 percent of all jobs in America will be lost to automation. According to these warnings, it will not be foreigners and immigrants who will take away the jobs; it will be robots and artificial-intelligence computers that will be the culprits.

We are beginning to hear that if automation takes away all the jobs then nobody will be left to buy the products manufactured by these non-humans.

Companies convert to automation because they are much more efficient, thus producing products at lower cost. Corporations exist to make money and robots will work […]

Is Automation To Blame For Jobless Recoveries?

Over the last few months it has become trendy to jump on the neo-Luddite bandwagon and bemoan how machines are taking our jobs, and as automation gathers pace, they will take our jobs in never before seen numbers. It’s led to a renewed emphasis on policies such as the Universal Basic Income.

I’m inclined to think that much of this is simply bandwagon jumping, and have that the notion that the current revolution is somehow different to all of those in the past is not born out by the evidence, whilst at the same time admitting that governments are largely […]

Scitech | Transitioning to a futuristic society

Scitech | Transitioning to a futuristic society

Since the economic recession in 2008, the world economy has found its footing and the GDPs of industrialized countries have steadily been rising. However, as businesses managed to optimize production efficiency after millions of jobs were lost , troubling consequences have emerged for workers with low income security or savings. The value of currencies are rising, basic necessities such as education and healthcare are becoming more expensive , yet middle wages are not rising to compensate . Income and wealth inequalities in the U.S. are higher now than ever before in the nation’s history according to a study from […]

SNAP for Week of March 5 to 10

SNAP for Week of March 5 to 10

There will be less white collar jobs available, thanks to tech I find myself disagreeing with the optimistic take Accenture has over the future of technology . For the last 17 years the professional services firm has produced an annual look at how technology is developing, called The Technology Vision and how businesses must adapt. This year, it highlights five areas of emerging technology developments that businesses must deal with in an economy that is transitioning rapidly into a digital era. In its latest Technology Vision, Accenture details how — with advances in artificial intelligence, the Internet of Things […]

Automation and the prospects of economic development

Automation and the prospects of economic development

Technological anxiety has been with us since the first modern industries appeared. The angst toward new technologies is mainly about the fear of widespread substitution and displacement of human labor by machines. Historical experiences in early industrialization have shown that new technologies used in production initially had disruptive effects to labor and existing production assets. However, new technologies also ushered in the birth of new industries, created new jobs, becoming the source of productivity, economic growth and development.

Automation, like most new labor-saving technologies, has an effect of raising the comparative advantage and value of jobs that only humans can […]

‘Made in America’ label not fading

‘Made in America’ label not fading

“America doesn’t make anything anymore.”

It’s been a sad refrain in factory towns where brick and concrete crumble around the padlocked gates of what once was the city’s largest employer. It’s something politicians have said, only to promise that with their help, we can make things again. It’s something shoppers might deduce when peeking at the tags of their most recent purchases.

But it isn’t true. Enlarge American factories are more productive now than they have ever been. That’s the case even in so-called rust belt states. Ohio manufacturers likely will set a record this year for the value of […]

Tom Saler: Many of us may be replaced by robots

Tom Saler: Many of us may be replaced by robots

(Photo: Journal Sentinel file photo) There has never been a better time to be an American robot.

Even without nativist economic policies that could drive up labor costs, trigger worker shortages and provide businesses with additional incentives to automate, machines appear set to replace their human creators in ever-larger numbers. Multiple studies suggest that between one-third and one-half of all professions will be vulnerable to automation over the next two decades.

The degree of vulnerability is not only a function of the traditional distinction between manual and cognitive labor; rather, the rise of artificial intelligence and “deep learning” machines could eventually […]