My Say: The future of inequality and what we can do about it

My Say: The future of inequality and what we can do about it

As we think of the future in a world of Deep Learning Artificial Intelligence (AI) — where machines are created to “think” the way a human brain does — the question of jobs is a crucial one. Machines have been making routine jobs obsolete for scores of years, now they are capable of making even non-routine jobs obsolete. I have, in a previous column, discussed what the future of education should look like in a world such as this, arguing that our ability to be human is our strongest defence against the rising tide that is to come.

In this […]

We’ve been worrying about the end of work for 500 years

We’ve been worrying about the end of work for 500 years

“The future of work” is suddenly everywhere—which is an interesting feat for a 500-year-old discussion.

Since the beginning of 2016, the topic has been featured in marketing campaigns by Walmart and GE, declared a priority by two widely respected global economics think tanks , and featured on the covers of myriad business and pop culture magazines .

The Atlantic, The Economist, and the New York Times have all hosted conferences during the last two years exploring work’s evolution, as have consultancies PwC, Deloitte, and McKinsey; the Aspen Institute and Brookings Institution; and Citrix, Xerox, and Adobe. Software companies Slack and Box […]

Is India Ready for End to End Autonomous Mobility?

Is India Ready for End to End Autonomous Mobility?

Anuj Kapuria

Anuj Kapuria is the Founder & CEO at Hi-Tech Robotic Systemz Ltd and the Co-chair of Robotics Society of India.

More From The Author >> Be it self-driving cars or autonomous mobility in other spheres, as the nation makes rapid strides in infrastructure development and modernisation, it should soon be ready for autonomous vehicles. Autonomous Mobility has been making increasing inroads across many domains globally. In such a scenario, the traditional fear has been that automation will take away human jobs. But as empirical evidence demonstrated after the Industrial Revolution, while some job categories became redundant, […]

Amazon Buys Out Whole Foods Market

Amazon Buys Out Whole Foods Market

Reprinted with permission from Creators .

Excellent news, folks: A decade after Wall Street greed crashed our economy and crushed the working class, jobs are suddenly plentiful!

As an Associated Press article joyously put it, “The U.S. job market has settled into a sweet spot of steadily solid growth.” At long last, the American dream is back for working families, right? Well … in a word: No. Further down in the article, AP’s sweet news turns sour with this little admission: “About all that’s still missing [in the jobs market] is a broad acceleration in pay.”In other words, you can […]

These College Students Are About To See How Robots Are Coming For Our Jobs

These College Students Are About To See How Robots Are Coming For Our Jobs

Much of the discourse about public education revolves around the idea of teaching kids “ 21st century skills ” and prepping them for the jobs of the future. Well, students at the University of Michigan, Ann Arbor, will soon get a personal look at the kind of technology that is likely to disrupt their post-graduation employment opportunities.

On Wednesday, the university announced that when students come back to campus in the fall, they’ll be able to ride automated shuttles around its North Campus. Instead of a shuttle with a human driver, students will ride on “two fully-automated, 15-passenger, all-electric shuttles,” […]

Labour and Artificial Intelligence: Visions of despair, hope, and liberation

Labour and Artificial Intelligence: Visions of despair, hope, and liberation

Science-fiction scenarios of rampant AI are interesting thought-experiments but already-existing AI is here, and requires well-crafted policy

A conventional delivery truck of Germany’s biggest retailer Metro AG stands behind the world’s first commercial delivery robot of Starship Technologies during a demonstration at Metro’s headquarter in Duesseldorf, Germany, June 7, 2016.(REUTERS) In the United States, job demographic data from censuses since the 1900s reveal a startling fact. Despite the two post-Industrial revolutions of electricity and computers, the occupations with the largest employment numbers are still jobs for drivers, retail, cashiers, secretaries, janitors etc, i.e. old professions needing simple skills and […]

The Talent Paradox

Phil Fersht wrote a cheerful (not) post this weekend where he asks Is our sole purpose now simply to eliminate people? We spend a couple of decades displacing “expensive” workers because we could find less expensive able ones to do the job. Now we’re getting rid of them altogether just to keep the Buffetts and Elliotts happy? In contrast, I recently wrote about Mike Rowe who points out we have countless unfilled jobs “We’ve got millions of people looking for work and millions of jobs that nobody wants. College graduates are a trillion dollars in debt and struggling to […]

Will AI Enhance Jobs, or Destroy Them?

Will AI Enhance Jobs, or Destroy Them?

Technology has long been seen as a threat to jobs. But when employees were asked about it, they disagreed with long held assumptions. Here’s why. May 25, 2017 – For all the fear that artificial intelligence will displace workers, a new report has shown that high numbers of employees believe it will actually help rather than hurt their future prospects. Forty eight percent of U.K. business leaders surveyed for the study said that AI is likely to benefit them by bringing more flexibility to their work.

The staffing firm Adecco polled more than 1,000 board and senior level employees for […]

Tax wealth and consumption rather than income: automation is killing jobs

, by Alan Kohler. Underemployment has been rising steadily for 40 years and is now the highest it has ever been. And it’s a global trend — not confined to Australia. This is why real wages are now falling, which is to say that average wage growth is below the rate of inflation (1.9 per cent versus 2.1 per cent). … The economics profession is struggling to account for this, and officialdom isn’t even trying. … Automation is creating a steady tide of unemployment: Here’s a guess about what’s going on: in thousands of ways, every day, technology and […]

Automation and globalisation is leading to a shift in demand for skills

Automation and globalisation is leading to a shift in demand for skills

A new Deloitte Access Economics report, commissioned by Deakin University’s DeakinCo , has predicted automation, globalisation and demographic shifts would lead to soft skill-intensive occupations increasing at 2½ times the rate of other jobs, to account for 63 per cent of all jobs in 2030, up from half in 2000.

According to the Soft Skills for Business Success report, the skills most sought by employers were communication (cited in 71 per cent of job ads), digital skills (26 per cent), critical thinking (25 per cent), self-management (20 per cent) and problem-solving (19 per cent).

DeakinCo. chief executive Simon Hann said the […]