Robots could take millions of people’s jobs causing a revival in Communism, warns Bank of England Governor

Robots could take millions of people’s jobs causing a revival in Communism, warns Bank of England Governor

As we wrote back in March, the future of jobs is changing . Automation is already reshaping companies’ workforce — including yours. It used to be that robots could only replace blue-collar jobs. Get ready! Robots are coming for your job sooner than you think. Now the Bank of England Governor, is echoing the same sentiment. Will automation increase income inequality? Bank of England Governor, Mark Carney, thinks so. In a keynote speech he gave at the Canada Growth Summit in Toronto, Carney said that machine learning could impact employment. “If you substitute platforms for textile mills, machine learning […]

If Trump Is Serious about Jobs, Embrace AI and Loosen Labor Laws

If Trump Is Serious about Jobs, Embrace AI and Loosen Labor Laws

There is a lot of panic about the implications of artificial intelligence technologies for the future of work. Some scholars, such as Nobel laureate Joseph Stiglitz have suggested that AI will exacerbate inequality , and the infamous 47% of jobs being automated statistic still resonates. President Trump has endorsed this techno-panic , especially with his opposition to Amazon’s innovativeness , and his appeals to the rust belt, whose workers have been displaced by technology and globalization. If he is serious about improving access to jobs, however, he will move to embrace new technologies, rather than delay them.

There’s an old […]

The jobs in South Africa most at risk of total digital automation – and the skills you need to learn to remain relevant

The jobs in South Africa most at risk of total digital automation – and the skills you need to learn to remain relevant

With 35% of all jobs in South Africa – almost 5.7 million – currently at risk of total digital automation within a mere seven years, the country could see a crippling effect compounded by a fragile economy and growing unemployment.

This is according to Dr Roze Phillips, Post Graduate Diploma in Futures Studies alumnus from the University of Stellenbosch Business School (USB) and MD for Accenture Consulting in Africa, who says that the country needs to act now to ensure that humans and machines can work together in the future.

“Our research shows that if South Africa can double the pace […]

Robots could cause millions of job losses and lead to the rise of COMMUNISM, warns Governor of the Bank of England

Robots could cause millions of job losses and lead to the rise of COMMUNISM, warns Governor of the Bank of England

The Governor of the Bank of England has warned that the rise of robots in the workplace could cause a revival in Communism and 19th-century wage stagnation.

Mark Carney, 53, said automation of millions of jobs would result in more support of Communist ideas within a generation.

‘Marx and Engels may again become relevant’ if mechanisation forces down pay and raises inequality, he warned.To alleviate the damage, Carney suggested workers should train for jobs that require higher emotional intelligence, for example in care and leisure.Scroll down for video The Governor of the Bank of England Mark Carney (file photo) has warned […]

The impact of job automation in South Africa

The impact of job automation in South Africa

Acer Alcatel BenQ BenQ-Siemens BlackBerry FLY HTC Huawei Lenovo LG Motorola NEC Nokia Panasonic Pantech Philips Sagem Samsung Sharp Siemens SonyEricsson Toshiba Vodafone Voxtel ZTE
But what we do have is the desire to better ourselves and be forward thinking. Jan 24, 2018 New research from Accenture highlights the impact of digital technologies on jobs and economies. 25 Jan 2018 Moreover, local bosses warn of potential staff cuts due to automation and other technology in the future. How changes in technology and automation will affect the labour market in Africa. […]

When technology takes over jobs

HARARE – The old photographer, with an incredible little mop of fringe, grey-white hair around his balding, mottled scalp sits solo on a bench in the vast Harare Gardens Park.

He has the resigned look of one who knows that at his age life has stopped giving and only takes away.

But the rate at which life has been taking away even his profession of over four decades has been merciless and brutal.“Photography does not pay any more these days. These new technologies have taken our professions away,” he says, referring to how new technological advancements have ruined his otherwise lucrative […]

Does everyone really need a job? Why we should question full employment

Does everyone really need a job? Why we should question full employment

Lots of work needs to be done, but do we all need to work 40 hour weeks? (Photo by Mike Kononov and Solomon Hsu on Unsplash)

The idea that diligence is a virtue and that a person who doesn’t work full time is morally suspect is a common one. Phrases like “idle hands are the tools of the devil” suggest to us that work is inherently good and that if we don’t work full-time then we have somehow failed. For many people, unemployment is as much something to be ashamed of as it is an economic problem. It is no […]

Are robots at the gate?

Are robots at the gate?

A new report by Barclays Bank indicates tech and increased automation will create rather than reduce employment opportunities.

The Robots at the gate: Humans and technology at work report is the latest in its Impact Series, and it looks at how tech is transforming the working landscape and the impact it will have over the next few decades. “Technological acceleration has sparked both apprehension and intrigue in terms of its impact on the future of work. Much of the impact of technology in an economy depends not just on what is technically feasible, but also on how human attitudes evolve. […]

Asia’s Workers Will Benefit from New Technologies, but Government Action is also Needed

Asia’s Workers Will Benefit from New Technologies, but Government Action is also Needed

Technological advances have transformed the two billion worker Asian labor market, helping create 30 million jobs annually in industry and services over the last 25 years, drive increases in productivity and wages, and reduce poverty, says a new report by the Asian Development Bank (ADB).

New research on how technology affects jobs, the subject of the special theme chapter in the Asian Development Outlook (ADO) 2018 report, points out that while some of the region’s jobs will be eliminated through automation, countervailing forces will more than compensate against job losses. ADO is ADB’s flagship economic publication.

“ADB’s latest research shows that, […]

ANALYSIS: How technology will change your job

ANALYSIS: How technology will change your job

If you are now employed as a medical transcriptionist in an IT company, perhaps it’s time you started learning other work skills that will prepare you for a new job. Medical transcription is one of low-skill occupations that will soon be phased out, a new study says.

New technologies in industries that will spur future economic growth across Asia, including the Philippines, are likely to generate high-skill jobs but there will also be many workers that will be pushed aside, according to the just released Asian Development Bank (ADB) study.

For instance, the business process outsourcing (BPO) industry in the Philippines, […]