AI will create more jobs than it kills

AI will create more jobs than it kills

Artificial intelligence holds far-reaching consequences for modern economies. Many of the jobs we are asked to do will change; a lot of them might disappear altogether. Facing this existential upheaval, experts advise that smart AI regulation will be needed — well, who could object to smart regulation? But the forms it should take, its methods and even its purposes, are unclear.

A good start might be to frame the problem more carefully. Easier said than done, perhaps, because AI is in many respects not technological progress as usual. Even so, earlier technological revolutions have relevant lessons. One worth pondering concerns […]

What Is Automation Robotics

What Is Automation Robotics

Benefits of Automation Robotics

Automation robotics has revolutionized industries across the globe, providing numerous benefits for businesses of all sizes. From increased productivity to improved safety, the advantages of automation robotics are undeniable. Let’s explore some of the key benefits:

> Enhanced Productivity: One of the primary benefits of automation robotics is its ability to significantly increase productivity. Automated systems can perform tasks with greater speed, precision, and efficiency compared to human workers. This leads to higher output levels, shorter production cycles, and improved overall operational efficiency. Cost Savings: Implementing automation robotics can lead to substantial cost savings for […]

Abattoir automation technology aims to reduce need for skilled meat workers in labour shortage

A $300 million upgrade to a southern New South Wales abattoir is using cutting-edge technology to reduce the need for highly skilled workers amid ongoing labour shortages in the meat processing sector.

The Australian Meat Group bought the moth-balled Cootamundra abattoir in 2019 and has demolished most of the plant.

AMG Managing Director Gilbert Cabral said it was being rebuilt with new technology to simplify operations to make it easier to find the 1,000 workers needed."We’re not going to be reducing the amount of people [needed at the plant] but we’re able to produce more product per kilo per person," Mr […]

How can a data-driven network model be used to study occupational mobility and automation?

How can a data-driven network model be used to study occupational mobility and automation?

A data-driven network model can be used to study occupational mobility and automation by analyzing how workers transition into new jobs in response to automation scenarios. The model takes into account the network structure of occupational mobility and its impact on unemployment levels [1] [2] [3] . At a macro level, the model reproduces the Beveridge curve, a key stylized fact in the labor market, providing insights into its counter-clockwise cyclicality [4] [5] . At a micro level, the model provides occupation-specific estimates of changes in short and long-term unemployment corresponding to automation shocks . The network structure plays […]

What Are Industrial Robots?

What Are Industrial Robots?

Image: Shutterstock Industrial robots are automated machines for the use of manufacturing. Typically, these multipurpose machines consist of at least one reprogrammable robotic arm, or a manipulator, that operates on three axes or more. The widespread implementation of industrial robots in warehouses and on factory assembly lines can be credited to their ability to execute repetitive tasks at rapid speeds with high precision and no breaks. What Are Industrial Robots?

Industrial robots are heavy-duty machines designed to automate the manufacturing process.

Due to the nature of the work they perform, “industrial robots must be strong, fast and accurate,” Nadia Figueroa, […]

The Future of Artificial Intelligence: A Glimpse into 2024

The Future of Artificial Intelligence: A Glimpse into 2024

Welcome to the future, where science fiction is rapidly becoming science fact! Imagine a world brimming with limitless possibilities and dazzling innovations, all fueled by the boundless potential of Artificial Intelligence (AI). As we stand on the cusp of 2024, it’s time to take an awe-inspiring glimpse into what lies ahead for this ever-evolving field. Join us as we embark on an exhilarating journey through mind-boggling advancements, profound societal changes, and breathtaking breakthroughs that will redefine our existence. Buckle up – because the future of AI is here and ready to blow your mind! Introduction

Artificial Intelligence (AI) has […]

From barbers to firefighters, the most AI-proof jobs are blue collar

From barbers to firefighters, the most AI-proof jobs are blue collar

As the AI tsunami sweeps across the white-collar working world and fundamentally disrupts hundreds of millions of jobs , nearly 1 billion knowledge workers worldwide will be affected, and 14 million jobs will be wiped out.

Disruption from artificial intelligence is just one of the major structural shifts that will define the American economy over the next few decades. But while white-collar professionals stare down a turbulent job market and declining wages, a large, unexpected segment of the workforce may be safely on high ground: blue-collar jobs. The likes of skilled trades, intensive manual labor, and jobs that require a […]

FOCUS: Japan labor market set for change as huge worker shortage looms

FOCUS: Japan labor market set for change as huge worker shortage looms

Japan’s labor market may be at an inflection point as the nation braces for a shortfall of millions of workers, the rise of generative AI and risks to economic security.

The spotlight is increasingly on the sustainability of wage growth, which has been accelerating at the fastest pace in three decades. Prime Minister Fumio Kishida now wants to see pay hikes that will be "several percentage points higher" than the country’s inflation rate.

Japan’s widespread seniority-based employment system, low labor productivity, and workers’ reluctance to hop from one job to another have been among the factors behind its tepid wage growth […]

Exposure to automation explains religious declines

Exposure to automation explains religious declines

Significance

The rise of working robots and artificial intelligence (AI) is changing how humans work and live. Many studies have now examined the economic impact of automation on unemployment, income inequality, and trade. However, far less research has considered the broader cultural implications of robotics and AI. Here, we show that exposure to robots and AI explains religious declines across national cultures, regions within a nation, members of a community, and employees in an organization. These effects hold controlling for wealth, SES, exposure to science, political conservatism, and other technological advances. Our findings suggest that the rise of automation […]

Are robots the answer to our health crisis?

Are robots the answer to our health crisis?

Japan in particular is increasing investment in automated solutions in its healthcare sector. Credit: CHIEW via Shutterstock. Ageing populations, rising obesity levels, and low staff retention have created a global healthcare crisis. In the UK, the National Health Service, already weakened by a tumultuous Brexit, has seen tens of thousands of its staff go on strike in 2023 to protest poor working conditions and low pay.

In the US, where over 40% of the population is considered obese, the number of preventable diseases is on the rise. Meanwhile, in the East, the healthcare systems in Japan and South Korea are […]