Tag: productivity

7 Jobs That Artificial Intelligence (AI) Will Soon Overtake

7 Jobs That Artificial Intelligence (AI) Will Soon Overtake

PHOTO: Shutterstock It is inevitable that a certain number of jobs are going to be lost to artificial intelligence. However, it is also clear that a lot of other jobs are going to be created as new roles around AI emerge. Instead of insisting on the fact that certain jobs will go away, it would probably be more accurate to describe the employment market as one in which the roles and type of work we do is changing dramatically. Impact Of AI

As industrialization took hold in the 19 th and 20 th century we lost some jobs but […]

Your primer on how to talk about the “fourth industrial revolution”

Your primer on how to talk about the “fourth industrial revolution”

As world leaders gather for Davos , one of the common and continuing themes is the emerging threat of automation and the consequent effect on economic inequality and global stability. Responding to the so-called fourth industrial revolution has become one of the biggest topics of discussion in the world of technology and politics, and it’s not surprising that anxiety runs high.

A lot of the current conversation has been shaped by research with scary conclusions such as “47% of total US employment is at risk from automation.” In a survey last year of 1,600 Quartz readers, 90% of responders thought […]

Your primer on how to talk about the “fourth industrial revolution”

Your primer on how to talk about the “fourth industrial revolution”

As world leaders gather for Davos , one of the common and continuing themes is the emerging threat of automation and the consequent effect on economic inequality and global stability. Responding to the so-called fourth industrial revolution has become one of the biggest topics of discussion in the world of technology and politics, and it’s not surprising that anxiety runs high.

A lot of the current conversation has been shaped by research with scary conclusions such as “47% of total US employment is at risk from automation.” In a survey last year of 1,600 Quartz readers, 90% of responders thought […]

Your primer on how to talk about the “fourth industrial revolution”

Your primer on how to talk about the “fourth industrial revolution”

As world leaders gather for Davos , one of the common and continuing themes is the emerging threat of automation and the consequent effect on economic inequality and global stability. Responding to the so-called fourth industrial revolution has become one of the biggest topics of discussion in the world of technology and politics, and it’s not surprising that anxiety runs high.

A lot of the current conversation has been shaped by research with scary conclusions such as “47% of total US employment is at risk from automation.” In a survey last year of 1,600 Quartz readers, 90% of responders thought […]

John McDonnell and Caroline Lucas back Universal Basic Income – but so should the Right

John McDonnell and Caroline Lucas back Universal Basic Income – but so should the Right

British Sterling notes (Flickr/Howard Lake) Basic income is often dismissed as far-Left utopian thinking. Yet long before Shadow Chancellor John McDonnell and Green Party MP Caroline Lucas were backing the idea, it was being proposed by free-market royalty. ‘It is important that basic income isn’t the sole preserve of the anti-market Left, because it could be free marketeers’ best way of responding to the challenges of automation’ Nobel Laureates Friedrich Hayek, Milton Friedman and George Stigler have all argued that unconditional cash payments would be an improvement on today’s labyrinthine welfare state.

Left-wing councils may be piloting it in Scotland, […]

A candid take on the future of AI and job automation

A candid take on the future of AI and job automation

GUEST:

As automation and AI continue to transform businesses across the globe, the tech industry is in the process of building a world that will look very different from the one we know today. This implies profound changes in how business leaders will structure their companies and suggests a shift in the skills required for success. We must start preparing for these changes now.

We can disagree about the number of jobs automation will replace, but most experts who study this closely predict monumental shifts in how we work. McKinsey projects that as many as 800 million workers worldwide could lose […]

How Automation Affects Employment

How Automation Affects Employment

Here is an excellent essay written by a Year 12 student on the title "Examine the possible impact of robotics and artificial intelligence on both the pattern of employment and rate of unemployment in countries such as the UK." One hundred and fifty years ago, and it would have been unfathomable to assume technology could have assimilated into every corner of our lives as it has now done. It has transformed productivity, help raise the material living standards of even the impoverished, and created employment in sectors that were unheard of not so long ago. In the late 18th […]

A candid take on the future of AI and job automation

A candid take on the future of AI and job automation

Above: Robot typing on fluorescent keyboard. As automation and AI continue to transform businesses across the globe, the tech industry is in the process of building a world that will look very different from the one we know today. This implies profound changes in how business leaders will structure their companies and suggests a shift in the skills required for success. We must start preparing for these changes now.

We can disagree about the number of jobs automation will replace, but most experts who study this closely predict monumental shifts in how we work. McKinsey projects that as many as […]

STUDY: Automation Could Displace 2.7 Million Construction Workers by 2057

STUDY: Automation Could Displace 2.7 Million Construction Workers by 2057

Like manufacturing, the U.S. construction industry is becoming more reliant on capital and technology Increasing automation in the construction industry could displace or replace as much as 49% of America’s blue-collar construction workforce (2.7 million workers) and eliminate nearly 500,000 non-construction jobs by 2057, according to "The Potential Consequences of a Highly Automated Construction Industry" , a new study by the Midwest Economic Policy Institute (MEPI) and the Project for Middle Class Renewal at the University of Illinois at Urbana-Champaign.

Read an Executive Summary Here .

“Advancements in technology have already dramatically re-shaped American manufacturing and eliminated millions of […]

STUDY: Automation Could Displace 2.7 Million Construction Workers by 2057

Chicago: Increasing automation in the construction industry could displace or replace as much as 49% of the America’s blue-collar construction workforce (2.7 million workers) and eliminate nearly 500,000 non-construction jobs by 2057, according to a new study by the Midwest Economic Policy Institute (MEPI) and the Project for Middle Class Renewal at the University of Illinois at Urbana-Champaign.

"Advancements in technology have already dramatically re-shaped American manufacturing and eliminated millions of blue-collar, middle-class jobs," said study co-author and Project for Middle Class Renewal Director, Dr. Robert Bruno. "Similar changes are already underway in the construction sector, and it is vital […]