Tag: productivity

Elon Musk predicts universal basic income will take off once AI replaces workers. Read his 8 best quotes about UBI.

Elon Musk predicts universal basic income will take off once AI replaces workers. Read his 8 best quotes about UBI.

Elon Musk Patrick Pleul/AFP/Getty Images Elon Musk sees universal basic income as a necessary response to automation eliminating human jobs.

The Tesla chief predicts there will be "universal high income" that will give people more free time.

Here are Musk’s eight best UBI quotes, including that people should spend the cash as they wish. One of the biggest champions of universal basic income ( UBI ) is Elon Musk, who expects it to become necessary when robots evict humans from their jobs.UBI typically refers to making recurring cash payments to all adults in a population, regardless of their wealth […]

AI reshaping careers: How to adapt in the job market

AI reshaping careers: How to adapt in the job market

Nanyang Technological University’s Loh Pui Wah notes how AI reshapes careers, emphasising adaptability and resilience. With the advent and rapid advancement of artificial intelligence (AI), traditional career trajectories across various industries are being reshaped as we speak.

This transformation brings both opportunities and challenges for individuals entering the workforce and those already established in the job market. As a result, personal attributes such as adaptability and resilience have become ever more crucial in navigating this dynamic landscape. Traditional job roles are either being redefined or eliminated, giving rise to new ones emerging by the day.

We read frequently how AI is […]

The surprising and slightly unexpected link between Goods-to-Person robotics and sustainability

The surprising and slightly unexpected link between Goods-to-Person robotics and sustainability

Photo: 123rf.com In today’s unpredictable economy, retailers and third-party logistics providers (3PLs) are up against some tough challenges. The surge in online orders and constantly changing shipping demands have led to shortages in skilled labour, tighter delivery schedules, and increased costs.

On top of that, companies are under pressure to reduce their environmental impact and commit to ESG initiatives while boosting productivity and efficiency and reducing errors. No wonder managing a warehouse has become so complex. READ NEXT

Homegrown music retailer Swee Lee’s new space in Clarke Quay is a haven for artists, performers, and fans alike Given these pressures, […]

Robots Steal Jobs From Unions

Robots Steal Jobs From Unions

Automation has had a greater impact on employment in sectors where union representation was stronger. A Bocconi study highlights the decline in Italy’s unionization rate and warns that “Unless the trend is reversed, social cohesion is at risk”

Collective bargaining is a fundamental pillar of the European social model. In Italy, over the decades, unions have ensured wage increases commensurate with productivity growth and a gradual improvement in working conditions. Today, however, they are in decline: in 20 years, according to a Bocconi study , the unionization rate has been declining from 30 percent to about 12 percent. Fewer members […]

The Platform Approach: Transforming the Future of Work and Human Potential with AI

The Platform Approach: Transforming the Future of Work and Human Potential with AI

By N Shashidhar

Companies are investing heavily in transformation initiatives, yet many of these efforts need to catch up to their goals. The reasons often include organizational silos, suboptimal technology investments, and the complexity of legacy systems. However, a deeper issue lies in the inability to adapt to an ever-changing and increasingly complex environment. The rise of artificial intelligence (AI) and AI-driven transformations highlights this resistance to evolution.

As we enter a new era dominated by AI, the pace of change is set to accelerate. Understanding the shift in work dynamics is crucial for businesses to navigate an AI-driven transformation […]

The Jobs Most at Risk From AI

The Jobs Most at Risk From AI

The rapid advancement of artificial intelligence technology is reshaping the job market, posing significant risks to various professions.

According to a recent report by Goldman Sachs, AI tools could impact 300 million full-time jobs worldwide, leading to considerable disruption in the labor market. As businesses increasingly adopt AI to improve efficiency, certain jobs are more vulnerable to automation. Here are five fields at risk from AI. Photo-illustration by Newsweek Data Analysts and Bookkeepers

Jobs that involve data analysis, bookkeeping, and basic financial reporting are highly susceptible to automation. These roles, which focus on repetitive administrative tasks, are prime candidates for […]

The Influence of Artificial Intelligence on Modern Society

The Influence of Artificial Intelligence on Modern Society

Renowned AI expert, Kong Chio Fai, delivered an enlightening presentation at the University of Macau, discussing the profound impacts and opportunities presented by the rise of artificial intelligence (AI). Instead of focusing on data and entrepreneurship, she emphasized how AI is transforming various sectors with its rapid advancements and immense potential.

Kong Chio Fai, a distinguished figure in the field of technology, highlighted the societal implications of AI as well as the pivotal role of data in its development. With the exponential growth of data and enhanced computational capabilities, AI is quickly evolving and showcasing its capabilities across different […]

The Impact of Artificial Intelligence on Job Markets: Automation and Employment Trends

The Impact of Artificial Intelligence on Job Markets: Automation and Employment Trends

The Impact of Artificial Intelligence on Job Markets: Automation and Employment Trends

David Alto

· Follow 3 min read·3 hours ago The Impact of Artificial Intelligence on the NZ Job Market — Madison by Chris Brown Artificial Intelligence (AI) is not just a buzzword; it’s a transformative force that’s reshaping job markets across industries. While AI brings the promise of increased efficiency and productivity, it also raises questions about the future of employment. In this article, we delve into the impact of AI on job markets, exploring automation trends and their implications for the workforce. […]

The Evolution of Digital Labor Market Trends

The Evolution of Digital Labor Market Trends

A Paradigm Shift in the IT Sphere – The realm of information technology is undergoing a seismic transformation, marked by a distinct shift towards specialized professionalism and the automation of menial tasks. This evolution is reshaping the landscape of digital labor, with a notable impact on freelance professionals lacking advanced expertise. Those who have not reached elevated levels of skill within their domain are poised to bear the brunt of this change, while experienced “seniors” and individuals specializing in niche programming languages stand to benefit.

Shifts in Demand and Income – Recent studies have illuminated a concerning trend: income […]

“With the introduction of intelligent robots with the evolution of generative artificial intelligence (AI), it can promote automation of blue-collar jobs and exacerbate income and wealth inequality.” The governments of each country should hurry to come up with measures.”

Pointing out the possibility of a decrease in high-skilled jobs Urged to come up with measures such as education and unemployment insurance ChatGPT embodies a future society where AI replaces jobs. "With the introduction of intelligent robots with the evolution of generative artificial intelligence (AI), it can promote automation of blue-collar jobs and exacerbate income and wealth inequality." The governments of each country should hurry to come up with measures."

The International Monetary Fund (IMF) pointed out this in a report titled "Expanding the Advantages of Generative AI: The Role of Fiscal Policy" on the 17th (local time). The AI […]