COVID-19 is accelerating the pace of automation and the need for UBI The coronavirus crisis has acted as a catalyst for two powerful transformative forces: automation and universal basic income.
These two intertwined forces will undoubtedly gain steam, writes Frederick Kuo, and the pandemic will hasten the acceptance of them from a scale of decades to years or mere months.
This crisis has ushered in a glimpse of what a dystopian future could look like as a rapidly advancing fourth industrial revolution inevitably causes severe disruption in our economy and labor structure. The coronavirus pandemic has sent the […]
Apart from technologies like cloud, A.I., IoT, and Big Data, pandemic-attack driven compulsions will also influence the future of work.
History tells us that human beings have been around for 200,000 odd years. Of these, till about 12,000 years ago, they were hunter-gatherers. Then agriculture happened and they were relieved of bothering about the basic physiological needs of hunger and shelter. This was a watershed moment in the evolution of human history, with ‘cultivation and extraction’ becoming the key economic drivers. It is about 250 years ago that the industrial revolution happened and human output efficiency got […]
The fluid used is oil. automobile industry. It was a time period where the idea of cheap gas was shattered and the demand for more gas efficient cars increased. ‣ To date regulation, incumbency and cost has protected the industry from extreme disruption. The History of Robotics in the Automotive Industry. The advent of robotic process automation (RPA) was a key milestone for the development of the automotive industry. With some 169,000 people employed directly in manufacturing and 814,000 across the wider automotive industry(1). Energy efficiency, mobility and security are the main challenges facing modern society. In this year’s […]
For nations worldwide, the course of action to fight the spread and effects of coronavirus COVID-19 has been to implement quarantines; restricting the movement of the general population while isolating people infected by the disease, albeit indefinitely. The result: both public and private spaces have closed in a bid to curb the number of new cases. At the same time, the rising number of deaths has added to both social and economic uncertainty, with people across the globe asking "how are we going to work?" or, better yet, "how are we supposed to eat?"
For many work places, " home […]
Today’s bipartisan Cassandra caucus includes Democratic Sen. Elizabeth Warren (“ the rich get richer, while everyone else falls behind ”) and Sen. Bernie Sanders (“ our standard of living has fallen ”) and Republican Sens. Marco Rubio (“ we have been left with an economy and a society no one is happy with ”) and Josh Hawley (“ Over the last several decades, inflation-adjusted wages for the working class have barely budged ”). The caucus says the U.S. economy is primarily producing disappointment, even misery. This narrative is largely false, yet can be self-fulfilling.
Fortunately, Michael R. Strain ’s just-published […]
Figuring out how to help the minority being left behind is policymakers’ most urgent challenge.
As we plunge into another presidential-election year, one key point of contention will be the state of the American worker: Are most Americans getting ahead in today’s increasingly high-tech, globalized economy, or have wages and incomes “stagnated” for middle-class and blue-collar workers?
Progressives on the left and economic nationalists on the right seem to share a common view that most American workers are worse off today than in past decades. Trade and technology, they say, are largely to blame. Their favored policy prescriptions range from […]
The time has come for the digital transformation conversation to focus on the “how”, rather than the “what” and the “why”. The Mail and Guardian (M&G) and the University of Johannesburg (UJ) have created a platform for these critical conversations with C-Suites networking breakfast events.
These C-Suites events target senior professionals, executives and decision-makers across various sectors, from private and public, large organisations and small, medium and micro-sized enterprises (SMMEs).M&G and anchor sponsor UJ held a CHRO & Business 4.0 networking breakfast event at Summer Place, Hyde Park on February 25, together with partner sponsors Microsoft South Africa and […]
While advances in technology and automation are replacing jobs once performed by humans, progress also creates new opportunities, offering people a chance to learn and apply new skills to take on high-tech roles. As autonomous driving technology slowly makes its way into the freight transport, there are some truck drivers who feel threatened that automation or robots will eventually take their jobs away.
However, autonomous transport startup Einride believes that autonomous driving technology will create entirely new job categories and the company is looking to train and hire people for these new high-tech roles. Einride announced today that it hired […]
Klaus Schwab, the founder of the World Economic Forum, wrote in January 2016: “We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before.” He is describing, among other things, automation. His ominous message winks at what economics are calling the Fourth Industrial Revolution, a digital revolution that will fundamentally alter the way in which people live and work.
According to a 2013 study by Oxford economist Carl Benedikt Frey, 47 per […]
MIT AI and the Work of the Future Congress AI and computer technology in general is certain to have a huge impact on the future of work, and rather than replacing jobs, technology is much more likely to change them. But the big concern is not the quantity of jobs, but rather the quality of the jobs in the future, particularly for less educated workers.
That was the big message from MIT’s AI and the Work of the Future Congress held a couple of weeks ago. Most participants seemed more upbeat about the possibilities than they were a few years […]