Tag: productivity

Labor market impacts of digitalization and automation

Labor market impacts of digitalization and automation

Technological change will not lead to mass unemployment but to increasing inequality and labor market polarization

The past decades have been characterized by a tremendous rise in computing power, reducing the costs of automating so-called routine tasks which follow clear, explicit rules and can thus be put into computer code. This has led to a polarization of labor markets in advanced economies with declining shares of middle-paid, routine-intensive occupations and rising shares of both, high- and low-paid jobs.

While this computerization has not led to employment declines, the question whether this holds true for the effects of further technological advances […]

The Terminator Myth: It’s Not Robots That Hurt Workers

The Terminator Myth: It’s Not Robots That Hurt Workers

Education is the job-killer lurking beneath the economy’s surface. Consider an exemplary employer making major investments in training for each of his 100 workers, even covering tuition for those who might benefit from technical courses at a local college. Say the investments have incredible returns, too—by the end of the year, each worker is twice as productive and 50 can do the work that last year required 100. That means 50 jobs have been destroyed.

Does that sound nonsensical? It should. Yet change “education” to “automation” or “technology” and you have the conventional wisdom that countless economists and politicians are […]

What does automation mean for our ongoing gender inequality?

What does automation mean for our ongoing gender inequality?

Recent trends and the broader history of technological change indicate that automation will usher in major shifts in labor markets over the next decade, displacing millions of workers but also creating millions of new jobs that require new skills.

The McKinsey Global Institute, having documented these changes for several years, has produced a new report examining how automation might affect men and women differently.

A key conclusion of the study is that persistent gender disparities in the workplace, as documented in a previous MGI report, will make it more difficult for women than for men to adapt to the coming changes […]

Warning millions of jobs to be lost to robots by 2030 – ‘There are NO jobs for life’

Warning millions of jobs to be lost to robots by 2030 - ‘There are NO jobs for life’

According to a new study from Oxford Economics, a rise in artificial intelligence will result in an increase in “income inequality” as they estimate 20 million manufacturing jobs will be lost in the next 11 years. In China alone, there could be 14 million robots taking work currently done by humans by 2030. In the European Union, as many as two million jobs will be replaced by robots. While in the United States, more than 1.5 million workers would have lost their employment to technology by 2030. Amazon SHOCK: Retailer begins replacing humans with MACHINES

Artificial Intelligence: AI […]

Warning millions of jobs to be lost to robots by 2030 – ‘There are NO jobs for life’

Warning millions of jobs to be lost to robots by 2030 - ‘There are NO jobs for life’

According to a new study from Oxford Economics, a rise in artificial intelligence will result in an increase in “income inequality” as they estimate 20 million manufacturing jobs will be lost in the next 11 years. In China alone, there could be 14 million robots taking work currently done by humans by 2030. In the European Union, as many as two million jobs will be replaced by robots. While in the United States, more than 1.5 million workers would have lost their employment to technology by 2030. Amazon SHOCK: Retailer begins replacing humans with MACHINES

Artificial Intelligence: AI […]

20 million factory jobs will be lost to robots by 2030

20 million factory jobs will be lost to robots by 2030

There are different models to assess just how many jobs will lost to robots. The latest makes for stark reading: some 20 million manufacturing jobs could be replaced by robots globally by 2030, based on analysis by Oxford Economics.

According to the new study, each new industrial robot put into operation wipes out 1.6 manufacturing jobs. While this plays a role in boosting the economy, the net effect is a loss of paid employment for a human worker. This impact is greater for certain sectors of the economy, such as factory work as with the automotive sector, and there are […]

Robots to take 20 million jobs, worsening inequality (study)

Robots to take 20 million jobs, worsening inequality (study)

Robots have already taken over millions of manufacturing jobs and are now gaining in services. — AFP Relaxnews Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows.

The forecast highlights growing concerns that automation and robots, while offering economic benefits, are disproportionately killing low-skill jobs and aggravating social and economic stress.

The study by Oxford Economics, a private British-based research and consulting firm, said job displacement from the rise of robots will not be evenly spread around the world, […]

Study: Automation could eliminate 20 million manufacturing jobs worldwide by 2030

A new study suggests that robots and automation will eliminate an estimated 20 million global manufacturing jobs by 2030.

Conducted by Oxford Economics , a private U.K.-based research and consulting firm, the study suggests that robots and automation will offer economic benefits while simultaneously eliminating low-skill positions.

Evidence of this, according to the study, is already being seen as robots have reportedly usurped millions of manufacturing positions. Researchers note that automation is also gaining a foothold in the service industry, ushered along by advances in computer vision, machine learning and speech recognition. Researchers determined that the jobs most affected by automation […]

Onevox Press: By 2022, with Industrial Automation, 133 Million New Jobs Will Be Created Worldwide

Onevox Press: By 2022, with Industrial Automation, 133 Million New Jobs Will Be Created Worldwide

Industry 4.0 is Here

TSN, OPC UA, and APL are making
headlines, but how will they
change industrial automation?Ad closed by Report this ad Why this ad? Ad was inappropriateNot interested in this adSeen this ad multiple timesAd covered contentWe’ll try not to show that ad againAd closed by This data is from The Future of Jobs, a report published by the World Economic Forum and it shows that the reality of the labor market is already modified by industrial automation.(PRUnderground) June 26th, 2019 Report this ad Almost 50% of companies expect automation to lead to some reduction […]

Oxford Economics study on robotics and industrial automation suggests loss of 20M jobs by 2030

Oxford Economics study on robotics and industrial automation suggests loss of 20M jobs by 2030

The effect of factory automation on employment has been a concern since the start of the Industrial Revolution. There were no robots when the revolution began, however. Robots are now at the core of our fears – and hopes – as to what the continuing revolution means for the men and women who depend on manufacturing jobs to make their living.

On June 26, the consultancy firm Oxford Economics released a report titled "How robots change the world," that discussed the spread of robotics and its effect on employment. One takeaway from the report is that 20 M manufacturing jobs […]