Great for the robots, but what about people?. The Future of Jobs Report aims to unpack and provide specific information on the relative magnitude of these trends by industry and geography, and on the expected time horizon for their impact to be felt on job functions, employment levels and skills. Universal Basic Income may be our only way out. 133, Sector No. Learn about Azure Automation, a cloud automation service for process automating those long-running, error-prone, frequently repeated tasks with Windows PowerShell. In this talk about the future of work, economist David Autor addresses the question of why there […]
Photo by Clément Falize on Unsplash In a New York Time’s article titled Tech Is Splitting the U.S. Work Force in Two , written by Eduardo Porter in February of this year, it was argued that the technology sector is breaking our economy in ways that are destabilizing our society, at large. In his piece, Porter argued that while the technology sector has promised a future where we’ll be capable of doing meaningful work we care about while being paid livable wages, we’re really just getting lulled into a world where robots do all the work and a small […]
(Tethysimagingllc/Dreamstime.com) The House just recently passed the Wage Act to raise the minimum wage to $15 per hour. In the midst of their self-congratulatory back slapping, comments like "it’s an important step towards creating an economy that works for everyone" were tossed around. But is that statement true?
Yes, it is true that surviving on $8 or $9, or even $10 an hour, particularly in expensive metropolitan areas like New York, Los Angeles, or San Francisco, is difficult if not impossible. But raising the minimum wage is not going to provide a pathway out of poverty for workers making so […]
Neither a policy paper nor a career guide, Gary Roth’s The Educated Underclass: Students and the Promise of Social Mobility ( Pluto Press ) is, in the author’s words, “an examination of that edge of reality where education and economy produce results just the opposite of what in theory it is claimed that they do.” Roth is a lecturer in sociology and anthropology, and former vice chancellor and dean, at Rutgers University at Newark.
I won’t revisit much of the ground covered in the interview with him that ran at Inside Higher Ed earlier this year. My intent, rather, is […]
The long-run labor market consequences of advances in artificial intelligence (AI) and other forms of automation technology remain uncertain. This uncertainty stems from a recognition that while many jobs will undoubtedly be affected, it is difficult to predict which jobs are at risk and in which sectors new jobs will be created. This is not an idle concern: One in six Americans think that robots and computers will take over many jobs now done by humans; only 25% believe that automation will bring new, better paying jobs. And the estimates of jobs at risk are quite variable. Authors
Santosh Kumar Dash
Change is good. At least that is what we believe when it comes to technology which makes yesterday’s technology obsolete. If you have Ola/Uber, Swiggy/Zomato, Paytm/FreeCharge/PhonePe, and Flipkart/Amazon in your smartphone, life becomes easy. But such disruptive technological changes too have unpleasant effects.
First, it leads to rise in unemployment. Nobel prize-winning economist, Joseph E Stiglitz believes that rapid technological changes pose bigger challenges to employment creation in short to medium-run. Low-skilled workers face biggest risks in future as firms around the globe adopt new-age technologies like automation, artificial intelligence, robots and e-commerce firms. They challenged brick […]
On the brighter side, the Fourth Industrial Revolution will create many new jobs that do not exist today, says the writer. (Image: Franck V. / Unsplash) The Fourth Industrial Revolution is an unstoppable force that will have a profound impact on the world. While it will undoubtedly bring many benefits, we must beware it does not increase the already huge gulf between South Africa’s haves and have-nots.
Whether for good or bad, we are on the path of a technological revolution that is radically shaping the way in which we relate to the world and to one another. […]
Plenty of American had probably never heard of Andrew Yang before last night’s Democratic presidential debate. Many were also probably unfamiliar with Yang’s big idea to pay a “ universal basic income ” to all Americans. And as he explained during the debate, “…this is the move we have to make particularly as technology is now automating away millions of American’s jobs.” REUTERS/Issei Kato Actually the automation threat is worse than that. Automation will affect something like, I dunno, 100% of jobs — at least in some way or another. Of course, this doesn’t necessarily mean mass unemployment. Just […]
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 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 coming changes […]
UN can contribute to bringing together stakeholders and charting way forward Digital opportunities must reach all, for the benefit of all. © The digital economy will figure prominently on the agenda of the upcoming Grou of 20 summit in Osaka.
New technologies offer monumental opportunities to turbocharge the work of the United Nations for peace, sustainable development and human rights. Scientific progress is helping to cure deadly diseases, feed growing populations, drive economic growth and connect businesses, communities, families and friends across the world like never before.
Rapidly-developing fields such as artificial intelligence, blockchain and biotechnology hold great potential to improve […]