Recent trends, and the broader history of technological change, indicate that automation will usher in major shifts in labour markets over the next decade, displacing millions of workers but also creating millions of new jobs that require new skills. The McKinsey Global Institute, having documented these changes for several years, has produced a new report examining how automation might affect men and women differently. A key conclusion of the study is that persistent gender disparities in the workplace, as documented in a previous MGI report, will make it more difficult for women than for men to adapt to the […]
skynesher/Getty Images Within the next decade, rapid advances in artificial intelligence and automation will radically upend the labor market, replacing millions of jobs with new occupations that will require new technical skills. For women, the challenge is especially acute, because they will still face all the usual obstacles to gender parity at work.
BERKELEY – Recent trends, and the broader history of technological change, indicate that automation will usher in major shifts in labor markets over the next decade, displacing millions of workers but also creating millions of new jobs that require new skills. The McKinsey Global Institute, having documented […]
The automation of work and early pregnancy are most likely to impact a woman’s lifetime earning potential, according to recent reports on women’s health and welfare. Rising economies in Asia could be most affected. Indien Frau mit Baby arbeitet in einer Spinnerei (Imago/Robertharding) Delegates at the recently concluded Women Deliver Conference, the world’s largest gathering for gender equality, concluded that teen pregnancies and automation of work processes were two major reasons why women would earn much lesser than their educated or male counterparts throughout their lives.
The McKinsey Global Institute, which presented a study at the conference, analyzed job patterns […]
Robots have already substantially changed how businesses are run. Yet, if you think robotics technology plays an important role in the workplace today, its place and purpose will likely be near ubiquitous in industries of the future. Machines will become increasingly better at carrying out the tasks performed by humans (see Fab Mate for instance) and even do things that are impossible for humans to do. As a result, the human resource structure of the average business will change.
To deal with the challenges of a world where robots will play such an outsized role, businesses and governments must develop […]
Robot assembling a car. Picture by Steve Jurvetson (CC BY 2.0) Keith Darlington, retired university lecturer in AI
There is widespread agreement on both sides of the political divide that Brexit has become a huge distraction that is eating away at the body politic. One of its consequences is that other important issues are getting scant attention.
One of those is robotics. According to one think tank, almost one in four jobs could be lost in Welsh cities to robotics by the year 2030.These figures could turn out to be worse because, in a week when Ford has announced the […]
The impact of automation will vary for male and female workers, with women likely being more susceptible to partial automation of their current occupations, according to new projections from the McKinsey Global Institute.
One big example: elementary school teachers, roughly 80 percent of whom are female. In the coming decade, McKinsey Global predicts, more than 40 percent of what these educators do during a current workday could be automated, resulting in the need to develop new skills and become more comfortable collaborating with algorithmic systems.
And teachers could be the lucky ones: Overall, as many as many as one-fourth of U.S. […]
Everywhere is the fear of large-scale automation leading to mass unemployment and insecurity. We are at the cusp of major technological change, drastically changing the nature of jobs, leaving masses of people unemployed and worsening economic inequality.
According to a 2013 study by Oxford University researchers, 47 percent of U.S. employees are at risk of automation, while a 2017 McKinsey Global Institute report claims that one-third of U.S. workers will be displaced by imminent automation from their current jobs. Other reports offer tamer prospects, with a recent OCDE report (2018) finding that only 9% of U.S. jobs are “highly automatable.” […]
Chairman of the British Automation and Robot Association (BARA) Mike Wilson discusses the ‘underperforming’ state of the UK’s manufacturing robot industry. He says without an increased commitment to automation, it will find itself with bigger problems on its plate than Brexit.
“The UK is a long way behind in terms of productivity,” says Mike Wilson of the British Automation and Robot Association (BARA). “The increased use of robotics is an important element of addressing that shortfall.” Wilson is the chairman of BARA, an organisation that represents “the supply chain for robot and automation products into the UK”. Its membership consists […]
robot Uncredited Congresswoman Alexandria Ocasio-Cortez made headlines by calling for “ taxing the robots ” of the emergent digital economy. That followed upon her previous call for a 70% top marginal income tax rate on the richest and Senator Elizabeth Warren’s plan for a 2% wealth tax on assets worth more than $50 million (and 3% on assets worth more than $1 billion).
By putting inequality front and center on the political agenda as the U.S. heads into the election season, Democratic politicians are trying to capture the populist zeitgeist.
The redistributionist rhetoric has some investors concerned . Ray Dalio, who […]
Amazon has installed new robots in its facilities that can pack hundreds of objects per hour and has considered rolling the technology out across its factories. The robots can wrap packages inside boxes it custom-assembles to fit each item. While the robots cost over a million dollars each, Amazon expects to recover the costs within two years.
A new report claims that Amazon has considered rolling out the machines at dozens of warehouses, removing an estimated 24 positions with each rollout. Reuters notes that Amazon is interested in cutting humans out of the warehouse process altogether to save on labor […]