The London-based Apolitical website’s article on basic income (BI) opens with “Money for nothing – it sounds like a utopia” and then looks at some examples of BI concepts that have already been applied around the world.
This phrase, “money for nothing” represents a commonly held bias that, when there is no commodity returned for the money, whether that commodity is a thing or someone’s labour, then there is no tangible value returned for the monies. This bias is widely held and promoted by many adherents of modern-day economic theories – a bias which too often dismisses, or simply ignores, […]
Where did all the jobs go, and who will bring them back? (Photo: Andrew Burton/Getty Images) When I pitched this post, I planned to write about the future of jobs — as in, what are young people going to do when computers and robots take over all the work? What are the people whose jobs have been automated out of existence going to do? I was finishing Martin Ford’s "The Rise of the Robots," in which he suggests there won’t be many jobs, and that instead we’ll need a guaranteed annual basic income for citizens because there won’t be […]
For most people, a secure, well-paid job is the difference between a reasonable life and penury. Today, changes in the structure of the work force driven by globalization and technology make this objective increasingly elusive.
Technology has exacerbated declines in employment and incomes by eliminating tasks and “de-skilling” many jobs.
Robotics and complex computerized equipment has successfully replaced skilled labor. Computer software is now replacing journalists, synthesizing news items electronically by crawling the internet. Even traders in financial markets are being replaced by automated algorithms.In the late-20th century, global supply chains allowed lower-paid workers to displace expensive counterparts in more developed […]
Ryan Avent Ryan Avent, thank you very much for joining us today. You’ve got a new book out entitled ‘ The Wealth of Humans: Work, Power, and Status in the Twenty-first Century ’, and it addresses one of the hottest topics around at the moment – the digital revolution, and what it means for the future of work.
So, what do you think? What does it mean?
Well, I think it means big change. I think the starting point of the book is that the digital revolution actually is probably going to be as transformative as the industrial […]
An industrial robot holds a sports car at the International Manufacturing Technology Show in Chicago. The jobs of the future are likely to be in areas where machine thinking and robotics imitate human thought. Photograph: Xinhua / Barcroft Images Disruption in the workforce is hardly a new phenomenon. Mechanisation of manufacturing, mass production and the advent of the internet and computers have all changed the way that work is done.
Earlier waves of industrialisation have primarily affected low-skilled manual labour and past improvements in technology have typically made jobs at the lower end of the skills spectrum obsolete – for […]
Automation has been a big talk in India for a couple of years. It would not be wrong to say that this will bring revolution to the economy and profits to the businesses. But, Indian workplaces are most likely to be replaced by automation resulting in a loss in number of jobs. ADP, a US based HR firm researched and took a survey in Indian offices and found that 63% people believe that automation and artificial intelligence is going to take over jobs based on process and repetitive work.
But, it did not deter them as 61% of them welcome […]
This is an excellent example to illustrate how Automation has jobs in an industry. Raymond has announced that 10,000 jobs in the company will be replaced by robots.
Raymond CEO Sanjay Behl, describing the move, pointed out that the company employs over 30,000 staff in their 16 manufacturing plants in the country. He further added, “Roughly 2,000 work in each plant. Through technological intervention, we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around 100 workers. While it is happening in China at present, it will also happen […]
Behl said that a closely monitored team is working on this technology implementation models. CHENNAI: Automation has claimed its first casualty in India. Textile major Raymond is planning to cut about 10,000 jobs in its manufacturing centres in the next three years, replacing them with robots and technology.
Explaining the move, Raymond CEO Sanjay Behl said the company employs over 30,000 staff in their 16 manufacturing plants in the country.
"Roughly 2,000 work in each plant. Through technological intervention we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around […]
NEW DELHI: Indian workplaces seem to have woken up to the reality called automation. According to a study by US-based HR firm ADP, nearly 63% of employees in Indian offices believe automation and artificial intelligence will eventually replace people doing process-based, repetitive work.
But that does not deter them because around 61 per cent of those surveyed welcome the automation trend. Employees in India, in fact, were more positive than their counterparts from across Asia in terms of automation, says the ADP survey.
It is no surprise that employees are already thinking about their future in the workplace. Indian employees were […]
"Employees in India, and China, are more likely than workers in Australia and Singapore believe that trends will impact them," says John Antos, VP Marketing, APAC for ADP. NEW DELHI: Indian workplaces seem to have woken up to the reality called automation. According to a study by US-based HR firm ADP, nearly 63% of employees in Indian offices believe automation and artificial intelligence will eventually replace people doing process-based, repetitive work.
But that does not deter them because around 61 per cent of those surveyed welcome the automation trend. Employees in India, in fact, were more positive than their counterparts […]