Tag: productivity

Is Jeff Bezos Proving the Fed’s De-linking of Unemployment and Inflation?

Is Jeff Bezos Proving the Fed’s De-linking of Unemployment and Inflation?

I’ve written a couple of times over the years about the threat to jobs by technological automation and several pieces of news this week feels make now feel like an appropriate juncture to pick up the thread again. For a primer on the relationship between interest rates, job automation and inflation, have a read of this piece where I discussed some of the considerations facing the Fed. Of importance will be the basic understanding of the traditional interpretation of the Phillips Curve. An economic idea which fairly effectively conceptualised the basic principle that the level of unemployment within an […]

Neo Cab Takes On Uber & Lyft’s Gig Economies Via Near Future Sci-Fi

Neo Cab Takes On Uber & Lyft's Gig Economies Via Near Future Sci-Fi

The gig economy is beginning to define America’s employment system. Uber and Lyft (and others) changed the way people work. There’s the positive – work when you want for as long as you want – and negatives – minimal pay and no benefits. Eventually, that could all be automated. That’s the future Chance Agency’s Neo Cab explores.

“A close friend of mine was a part of the initial Lyft beta (when Uber was still black cars and limos), and we interviewed dozens of drivers, delivery folks and other gig workers to gather ideas about the entire ‘app worker’ space. Driver […]

Artificial Intelligence will kill jobs—and create them

Artificial Intelligence will kill jobs—and create them

Ever since the Industrial Revolution, the automation of tasks once done by humans has raised fears about machines putting humans out of work and creating mass poverty. Happily, history has repeatedly proven the doomsayers wrong. While automation has certainly led to declines in entire industries (and employment in those industries), the relationship between automation and overall employment growth has been strongly positive over time.

There are sound explanations for this positive relationship. One, automation increases labour productivity and therefore raises the income levels of workers. Resulting increases in income translate into increased demand for all types of goods and services, […]

Op-Ed: Automation – CEOs love it, but there’s a Catch 22 and 23

Op-Ed: Automation – CEOs love it, but there’s a Catch 22 and 23

A report by The Economist and the world’s major driver of automation, UIPath, has found that CEOs and other C level people love automation. Other surveys tell a very different story of its impact.

Information provided by various sources does generally agree that it’s the top levels of business which are pushing automation , hard and fast. Automation is directly linked to strategic goals and revenue. In short, senior executive around the world are making major commitments to automation as the way forward across a very broad spectrum of major corporations. It’s coming, whether anyone else likes it or not. […]

Jeff Bezos just sent a clear signal that AI will remake American jobs

Jeff Bezos just sent a clear signal that AI will remake American jobs

This story requires our BI Prime membership. To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

Amazon is retraining a third of its US workforce, the Wall Street Journal reports .

This is part of a larger trend in retraining. According to new ZipRecruiter research , half of Americans will need to change careers by 2030. Click here for more BI Prime stories. One of America’s largest tech titans is taking a new shape, and it’s a harbinger of retraining to come.Amazon […]

SADOW: Raising The Minimum Wage Kills Jobs, And Here’s Proof How

SADOW: Raising The Minimum Wage Kills Jobs, And Here’s Proof How

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Tweet Plus Comment Need another good reason to understand the utter folly of attempts to make Louisiana raise its minimum wage? Just observe those touchscreen checkouts when you walk into a store selling groceries.By now, informed individuals know full well that the minimum wage costs jobs and how, because almost no sole breadwinners of families work full-time at the minimum wage and even fewer of them are older than 25, the modal category of such workers are young, recent job force entrants who have no dependents and live in a household with others […]

Steven Globerman: Artificial Intelligence will kill jobs — and create them

Steven Globerman: Artificial Intelligence will kill jobs — and create them

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Musk says intelligent machines will replace human workers. Ever since the Industrial Revolution, the automation of tasks once done by humans has raised fears about machines putting humans out of work and creating mass poverty. Happily, history has repeatedly proven the doomsayers wrong. While automation has certainly led to declines in entire industries (and employment in those industries), the relationship between automation and overall employment growth has been strongly positive over time.

There are sound explanations for this positive […]

Robotics—the AI Future is Now

Austin , TX

Wednesday, July 10, 2019

The Herman Trend Alert This May, we received a new report from Littler Mendelson, the largest employment law firm on the planet. This Herman Trend Alert offers selected information from that landmark study. By 2020, robotics and AI are expected to produce revenue of $258 billion USD; by 2025, that figure will be a trillion dollars. And not long later, robotics and AI (Artificial Intelligence) will become the largest global industry. Destruction of Jobs? Or Creation? Though much media attention has focused on the destruction of jobs due to automation. Actually, technology and […]

RBR50 Executive Q&A: Ben Wolff, Sarcos Robotics

RBR50 Executive Q&A: Ben Wolff, Sarcos Robotics

As companies and organizations look to automate their tasks through robotics and other systems, they’re quickly finding that many more tasks still require human intelligence and flexibility. In those cases, human augmentation through the use of robots and powered exoskeletons can assist workers to become more productive, as well as prevent injuries. For companies, these systems can extend the capabilities of an aging workforce, or expand opportunities for workers who are challenged with physically demanding work.

Editor’s note : This is another in a series of executive Q&As with robotics industry leaders from companies within the RBR50 , in […]

Fact Check: Actually, the Trump Economy is Benefitting the Very People Democrats Claim It Isn’t

Fact Check: Actually, the Trump Economy is Benefitting the Very People Democrats Claim It Isn't

One of the trickier bits of political positioning facing Democrats this cycle is how to talk about the American economy. By nearly every metric, it’s performing quite well. Unemployment is low, growth is pretty strong, wages are rising, the stock market is up — and we’re in the midst of the longest overall US economic expansion in recorded history. Roughly 70 percent of voters are optimistic about both their personal financial situation and the national picture , and a relatively unpopular president consistently earns his highest marks on this issue, which happens to be at the top of the […]