Robots are coming—and it doesn’t look pretty for workers. Get ready for long hours, less pay, and fewer jobs.

Robots are coming—and it doesn’t look pretty for workers. Get ready for long hours, less pay, and fewer jobs.

NAO, a humanoid robot, entertains visitors at the SoftBank Robotics stand at the 2018 CeBIT technology trade fair on June 12, 2018 in Hanover, Germany. Americans who worry about robots taking their jobs are just “ fearmongers ” who’ve watched too many movies, right?

Artificial intelligence, automation, and robotics will boost workers’ productivity and spur economic growth while creating new, higher-paying jobs—or at least that’s the argument.

But new research shows the rise of robots may not be as beneficial for workers as some claim . Automation could have positive impacts on economic growth and productivity, according to economists, but workers […]

Do customers want robots in restaurants?

Do customers want robots in restaurants?

Source: N509FZ/CcC BY-SA 4.0 As technology continues to become more and more advanced, it’s only natural that some of the tasks and roles that have been traditionally carried out by human beings are going to be taken over by machines. This is especially true in industries where there is a lot of repetitive work to be done, or where precision and speed are essential.

One of the industries that is most likely to be affected by the increasing use of robots and automation is manufacturing. In many factories, robots are already being used to carry out tedious, stressful or dangerous […]

Artificial Intelligence Wrote This Article on Property Rights

Artificial Intelligence Wrote This Article on Property Rights

Technology continues to exceed our wildest speculations Image Credit: Peter Jacobsen- Screenshot of OpenAI Playground

I wrote this article using the OpenAI Playground. OpenAI Playground is a tool that allows users to generate text using AI. The only writing in the article done directly by humans was the headings and the changes requested by the editor.

AI is a type of computer technology that is capable of performing tasks that typically require human intelligence, such as visual perception, natural language processing, and decision-making.While AI is still in its infancy, it is already being used in a number of applications, such as […]

Role of digital technologies for financial service providers

Role of digital technologies for financial service providers

Subhash Acharya

Financial institutions can hugely benefit from the technologies that make processes more efficient, reduce human errors, and improve communication. The technologies such as chatbots, Cloud Technology, automation, Blockchain Technology, Artificial Intelligence (AI) & Machine Learning in the financial services industry improve the quality of customer relationships and result in increased profits.

The finance industry is undergoing a significant digital transformation with major implications for primary functions and functionaries of modern finance. Emerging technologies have redefined the operations of banks, insurers, and other financial service providers to find unique ways to provide better services to their clients. These technologies […]

Understanding the Effects of Automation on Employment

Understanding the Effects of Automation on Employment

Understanding the Effects of Automation on Employment We’ve been hearing stories about the impending collapse of the human workforce for at least the last 30 years – possibly longer depending on what movies we’ve seen. You already know how it goes. Robots will come along and take our jobs. Artificial intelligence (AI) will eventually become self-sufficient, and we will all die anyway, at which point we will no longer require a job.

The thing is, much like we were supposed to have flying cars by now, much of what we were told would happen has not happened.

Nonetheless, the use of […]

Supply chain automation ‘increases unemployment & debt’

Supply chain automation 'increases unemployment & debt'

The countries with the most robots per 10,000 employees are South Korea, Singapore, Japan, Germany, and Sweden, followed by Hong Kong, the US, Taiwan, and then China. National Bureau of Economics Research Study suggests automation in plants like Foxconn’s iPhone factory in China increases unemployment & early retirement

Exposure to industrial robots in the workplace reduces participation in the workforce, employment pay, economics researchers say.

Workplace automation – increasingly a staple in warehousing and distribution centres – also appears to negatively impact family debt and the number of children born to affected families, while adding to the time and money that […]

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Illustration by The New York Times; photographs by AVAVA and Chris Collins, via Getty Images Will robots take away our jobs?

People have been asking that question for an astonishingly long time. The Regency-era British economist David Ricardo added to the third edition of his classic “Principles of Political Economy,” published in 1821, a chapter titled “ On Machinery ,” in which he tried to show how the technologies of the early Industrial Revolution could, at least initially, hurt workers. Kurt Vonnegut’s 1952 novel “ Player Piano ” envisaged a near-future America in which automation has eliminated most employment.

At the […]

Which Workers Suffer Most When New Technology Arrives?

Which Workers Suffer Most When New Technology Arrives?

Technological advances can be a double-edged sword for workers. On the one hand, new technologies can make people more productive. On the other hand, some forms of automation can also make workers obsolete.

But which workers, exactly, are most likely to suffer lost jobs or reduced income when new technologies arrive?

Bryan Seegmiller , an assistant professor of finance at Kellogg, along with Kellogg finance professor Dimitris Papanikolaou and their colleagues, sought to better understand which types of workers were historically vulnerable to being rendered obsolete by technology, and how career disruptions caused by technology affected their future earnings. They […]

Amazon Is Running Out of Warehouse Workers. Cue the Robots

Amazon Is Running Out of Warehouse Workers. Cue the Robots

Joe Quinlivan, who leads Amazon’s robotics and logistics technology teams, at the company’s testing and manufacturing facility outside Boston. A new highly automated system featuring a yellow bot called Sparrow can store and retrieve millions of items—tasks currently handled by humans.

Earlier this year, an Amazon.com Inc. recruiter received a message from Seattle: Put help-wanted fliers in high schools, food banks and homeless shelters—anywhere someone might be willing to take an entry-level position at one of the e-commerce giant’s warehouses.

The recruiter thought the command seemed desperate but was painfully aware of how hard it had become to find people willing […]

Industrial robots increase unemployment and lower wages

Industrial robots increase unemployment and lower wages

Ryan is a senior editor at TechForge Media with over a decade of experience covering the latest technology and interviewing leading industry figures. He can often be sighted at tech conferences with a strong coffee in one hand and a laptop in the other. If it’s geeky, he’s probably into it. Find him on Twitter: @Gadget_Ry

Research from China justifies concerns about the impact of industrial robots on the workforce.

Critics of automation believe it will replace many predominately blue-collar jobs. Proponents of industrial robots argue that new jobs will be created and the workforce will adapt.At least in the short […]