Tag: mobility

GenAI is a double-edged sword: Work efficiency will mean job losses

GenAI is a double-edged sword: Work efficiency will mean job losses

There are no easy answers to large-scale local jobs being threatened by AI and so, policymakers must remain flexible. Summary

The tension between the benefits of reduced costs and improved services on one hand and the potential workforce impact of artificial intelligence (AI) on the other is a policy and political issue globally. India should focus on providing cost-effective innovation solutions to the Global South.

Demographic factors have always influenced societal evolution, which remains true in the era of GenAI. While AI promises reduced costs and improved services, its impact on the workforce is a looming concern, creating a […]

Amazon’s Robotics Revolution: Transforming Fulfillment Centers to Enhance Efficiency

Amazon’s Robotics Revolution: Transforming Fulfillment Centers to Enhance Efficiency

Amazon, robotics As Amazon seeks to redefine the future of logistics, the company is leveraging robotics to streamline its operations and enhance customer experiences, a process that began with the acquisition of Kiva Systems in 2012.

Amazon has since deployed more than 750,000 robots globally, with its latest fulfillment center in Shreveport, Louisiana , showcasing advanced robotic systems designed to improve efficiency in package delivery.

The goal of these robotics initiatives is to create a safer, more productive work environment for employees while increasing delivery speed. Scott Dresser , vice president of Amazon Robotics, noted this integrated suite of systems is […]

World Bank Report: Cambodia at Critical Juncture as Automation, AI and Digitalization Rapidly Reshape Jobs Market in East Asia and Pacific Region

World Bank Report: Cambodia at Critical Juncture as Automation, AI and Digitalization Rapidly Reshape Jobs Market in East Asia and Pacific Region

Cambodia Investment Review

As Cambodia navigates the evolving landscape of the East Asia and Pacific (EAP) region, it faces a rapidly changing job market influenced by technological advancements and regional economic trends. The World Bank’s East Asia and Pacific Economic Update for October 2024 highlights the opportunities and challenges Cambodia confronts as it aligns its workforce with the shifting demands of the regional economy, driven by automation, artificial intelligence (AI), and digitalization.

The EAP region has consistently outperformed other global economies, with projected growth at 4.8% in 2024, compared to 3.3% for other emerging markets and developing economies (EMDEs) and […]

New technologies drive job creation despite economic headwinds

New technologies drive job creation despite economic headwinds

Technological advancements have created an estimated net 600,000 jobs in Southeast Asia over the past five years, according to the World Bank’s latest East Asia and Pacific Economic Update.

The report, released during an online conference on Tuesday, reveals that despite concerns over automation-related job losses, the adoption of industrial robots and artificial intelligence (AI) has led to unexpected employment growth in the region. "Between 2018 and 2022, the integration of robotics into manufacturing processes generated approximately 2 million skilled positions in formal employment sectors," said World Bank East Asia and Pacific chief economist Aaditya Mattoo . "While this […]

Automation from the Worker’s Perspective: How can new technologies make jobs better?

Automation from the Worker’s Perspective: How can new technologies make jobs better?

1 Introduction

Sam Sayer worked in factories for years before he ever saw a robot. Now, in a red beard and zombie t-shirt, he’s teaching his colleagues on the factory floor how to use them [ 1 ]. Sayer is one of a growing group of employees at a New Hampshire cutting tool manufacturer who have become champions of the automation transforming their jobs. In recent years, Sayer’s employer has scaled advanced technologies across the company. Robots and advanced machines are distributed throughout their factories, working alongside employees to make them faster and freeing workers up to solve problems […]

How AI Is Rewriting Business Rules—Just Like Globalisation Did in the ’90s!

How AI Is Rewriting Business Rules—Just Like Globalisation Did in the ’90s!

The business world is no stranger to transformative waves of change. In the 1980s and 1990s, the rapid globalisation of markets reshaped how companies operated, introducing new efficiencies (do you remember JIT or just in time?), expanding opportunities, and forcing adaptations that fundamentally altered the corporate landscape. Fast forward to today, and we are witnessing a similar revolution—this time driven by artificial intelligence (AI). Much like globalisation, AI is ushering in profound changes in business operations, strategies, and workforce dynamics. The parallels between the rise of AI and the globalisation era are striking, as both have or will change […]

How Robots Damaged the American Dream

How Robots Damaged the American Dream

grechsantos/Adobe Stock A study looks at the effects of automation in the 21st century.

CBR – Economics

The populist earthquake that has rocked the United States over the past decade can be linked to automation, the kind that transformed the manufacturing sector and negatively affected millions of workers, research suggests.The findings come from an analysis of résumés that spanned 16 years, from 2000 to 2016. Barcelona School of Economics’ Maria Petrova ; University of California at Los Angeles’ Gregor Schubert ; Bledi Taska of SkyHive, a workforce-management software company; and University of Pennsylvania’s Pinar Yildirim tapped into the […]

Should Manufacturers Care About Humanoid Robots?

Should Manufacturers Care About Humanoid Robots?

66c360f8fd7dc6c3e3017e27 Brianmay Humanoid robots have generated quite a buzz recently, for two related reasons: The rapid developments in AI, including generative AI. These technologies enable machines to “learn” tasks faster than ever before, interpret situations and react accordingly. What is more, AI could allow us to give machines instructions via our most human way of communication—natural language. Add to this the fact that key components enabling humanoid robots—batteries, perception and motion sensors, motors, actuators—have become cheaper and lighter in recent years.

Humanoid robots have emerged as a critical new frontier for the AI and tech industry. Consider the high-profile […]

Not All Career Ladders Are Created Equal

Not All Career Ladders Are Created Equal

Transcript

Tim Sablik: My guests today are Katka Borovičková and Claudia Macaluso, both economists in the Research department at the Richmond Fed. Katka and Claudia, welcome to the show.

Katarina (Katka) Borovičková: Thank you very much for having us. Claudia Macaluso: It’s a pleasure to be here. Sablik: Today we’re going to be discussing your recent research looking at how career changes affect worker earnings. You recently published an Economic Brief article that discusses a concept that I think should be familiar to a lot of people, which is the job ladder.The conventional wisdom has long been that […]

Regulatory Burden Falls Hardest on the Poor

Regulatory Burden Falls Hardest on the Poor

Print A young man sits outside a small, discount barber shop in Natchez, Mississippi. 1935. Three decades ago, few economists would speak against free trade or automation. Those who raised concerns about job displacements were met by replies that price reductions would compensate in the short run while higher incomes elsewhere in the economy meant new (and better) opportunities for everyone in the medium-run.

This is no longer the case. Many economists, most notably Nobel laureate Angus Deaton , have soured on free trade and automation. They argue that “big shocks,” like the rapid expansion of China (and its significant […]