Tag: manufactur

The Impact of Robots and Machines on Employment in the 21st Century

Introduction

The 21st Century is marked by an unprecedented surge in technological innovation, with robots and machines at the forefront of this transformative wave (Kolade & Owoseni, 2022; Nabila et al., 2021). While these advancements hold the promise of revolutionizing industries, they also cast a shadow of uncertainty over the future of employment. Further, this revolution necessitates educating more people on current technologies to increase productivity in various industries like the textile industry. As robots and machines become increasingly integrated into various sectors, examining the consequences and stakeholders involved in this transformation is imperative. This essay explores this complex […]

Schneider Electric Integrates Hailo Technologies’ AI Processors to Improve Edge AI Capabilities

Schneider Electric , a supplier in the digital transformation of energy management and automation, announced a technology collaboration with Hailo Technologies , an Artificial Intelligence (AI) chipmaker, to integrate Hailo’s advanced processors within Schneider Electric solutions, thus improving its Edge AI Capabilities. AI offers significant benefits in enhancing the performance, efficiency, and capabilities of industrial automation systems, allowing industries across all segments to better position themselves for the future.

Edge AI processors with low-power consumption enable real-time, high-accuracy data analysis at the edge, increasing the intelligence and efficiency of industrial automation solutions By integrating the Hailo-8 AI processor within its […]

What Are Automation Companies Looking for in Their Employees?

Automation is changing the landscape of manufacturing, and the skills and qualities that made an employee stand out 20 years ago are very different from what they are today. What Are Automation Companies Looking for in Their Employees? To be a competitive employee in the industrial automation industry, you have to master certain skills. Automation is changing the landscape of manufacturing, and the skills and qualities that made an employee stand out 20 years ago are very different from what they are today. As automation continues to develop, employees have to adapt to these developments if they want to […]

AI’s impact on jobs

AI’s impact on jobs

In this technology-dominated era, dependency on digital technologies, including artificial intelligence (AI), has become commonplace. AI, in various forms like robotics and chat GPT, has significantly influenced people’s focus on technology. Its widespread use raises concerns about job replacement across sectors, impacting lives globally.

Recent research indicates a rising percentage of job displacement since 2000, especially in manufacturing sectors. The World Economic Forum’s “The Future of Jobs Report 2020” predicts AI replacing 85 million jobs globally by 2025. In May, 4,000 jobs were lost in the technological sector due to AI, with expectations of more significant future job replacements.

PWC research […]

What will we do after the end of work?

What will we do after the end of work?

Visitors tour the industrial robot exhibition area at the 2023 World Intelligent Manufacturing Conference in Nanjing, China, on December 6, 2023. Future Publishing (Future Publishing via Getty Imag) In some factories, all work is done in the dark. There is no heating or air conditioning, because no machine has ever complained about the cold. Robots complete the entire production process, presaging a future of automation . “The factory of the future will have only two employees, a man and a dog,” quipped the American writer Warren Bennis, a pioneer in the field of business leadership, in his book On […]

Unions fight for protections in AI-powered workplaces

Unions fight for protections in AI-powered workplaces

Illustration: Brendan Lynch/Axios As AI begins powering workplaces from ports to casinos, labor unions are notching substantial contract wins and beginning to piece together an AI-focused safety net.

Why it matters: Workers say they’re open to AI that improves job outcomes and safety, but around half of American adults tell an Axios Morning Consult poll they’re worried that AI will cost them or their loved ones their jobs . American workers in global industries face competition from increasingly automated workplaces in Asia, but those workers still lack rights and protections that will be offered to Europeans under the new […]

What we’re reading about productivity growth and jobs

What we’re reading about productivity growth and jobs

Employees who work on a production line Productivity is the key driver of economic growth, accounting for more than half the differences across countries in GDP per capita.

There are long-standing debates, however, on the effect of productivity growth on jobs. Higher productivity enables firms to expand production, employment, and wages – but it also reduces the number of workers needed to produce a given amount of output, possibly decreasing the demand for workers. New technologies further disrupt how productivity-enhancing investments translate into jobs.

Hence, the link between firm-level productivity growth and jobs is shaped by two opposite effects: > A […]

Stop and Look: How AI and Automation Are Redefining Our Path to the Future of Jobs

Stop and Look: How AI and Automation Are Redefining Our Path to the Future of Jobs

Stop and Look: How AI and Automation Are Redefining Our Path to the Future of Jobs

Sam Shamsan

· Follow 2 min read·5 hours ago The AI Revolution and Post-Labor Economics We are on the cusp of an AI Revolution, a cognitive labor transformation that raises fundamental questions about the future of work and the economy. Post-labor economics, a term I’ve coined, refers to a future where human labor is largely redundant, thanks to AI, quantum computing, robotics, and other forms of automation. This shift necessitates a radical rethinking of our relationship with work, money, and business. The […]

Displacement Effects of Automation: Urban vs. Non-Urban Perspectives

Displacement Effects of Automation: Urban vs. Non-Urban Perspectives

An article recently published in the journal npj Urban Sustainability explores the displacement effects of automation technologies on urban versus non-urban labor markets. They argue that while automation displaces jobs across all settings, the impacts are unequal. Displacement primarily hits low-skilled workers in non-cities who may exit the workforce entirely. In cities, reinstatement and a shift towards higher-skilled, better-paid occupations offset adverse effects – potentially widening inequality. Study: Displacement Effects of Automation: Urban vs. Non-Urban Perspectives. Image credit: IM Imagery/Shutterstock Recent advances in AI, machine learning, robotics, and other technologies have raised longstanding fears about technological unemployment. Historically, automation […]

Hicks: Manufacturing matters, but not for creating jobs

Hicks: Manufacturing matters, but not for creating jobs

Ball State University MUNCIE, Ind. – We are coming up on election season quickly, so it is again time to evaluate claims about economic policy. This isn’t a partisan process; candidates across the board tend to make claims that might trouble a close observer of the economy.

I will focus on claims that might plausibly lead to counterproductive policies. I begin with the many claims about manufacturing, and its role in our economy. Michael Hicks Indiana is the most manufacturing-intensive state in the Union. This seems important, but we have fewer factory jobs and a smaller manufacturing GDP than California. […]