Tag: productivity

AI is coming for the professional class. Expect outrage — and fear.

Will professionals displaced by AI find new jobs in health care? (iStock) I was born in 1973, just as the American economy was going to hell — though I cannot accept all the blame. It was the twilight of the 20th-century manufacturing boom that had almost managed to compress the whole country into one vast middle class and, for reasons beyond my control, that boom was unraveling. Inflation was headed into double digits as labor productivity began to decline, economic growth swooned, unemployment rose and manufacturing employment tipped into the final descent toward its current sub-10 percent share.

This turnaround […]

Jensen Huang says AI will lead to evolving jobs, not ending jobs

Jensen Huang says AI will lead to evolving jobs, not ending jobs

The rapid advancements in Artificial Intelligence (AI) have sparked discussions about its impact on the future of work. While some fear widespread job displacement, Jensen Huang, CEO of Nvidia, a leading manufacturer of graphics processing units (GPUs) crucial for AI development, offers a more nuanced perspective.

He believes AI will not lead to a mass exodus from the workforce but rather a transformation of job roles. AI grows and so do the companies

Huang argues that AI will primarily function as a productivity booster for companies. Historically, companies experiencing increased earnings tend to hire more employees. He suggests that AI-powered […]

Working fewer days for the same pay? Could happen

Working fewer days for the same pay? Could happen

Sen. Bernie Sanders, I-Vt., talks to the media as he walks to the House chamber before the State of the Union address in March. US Sen. Bernie Sanders, I-Vt., recently introduced legislation that would require companies to reduce the nation’s standard work week to 32 hours

Two major work-related issues have been in the news recently.

One is the feasibility of moving to a 32-hour, four-day work, while the other is how will artificial intelligence affect our everyday jobs.Only work four days a week and get paid for five?AdvertisementSounds good, especially to Sen. Bernie Sanders, I-Vt., who recently introduced legislation […]

24/7: Work between meaning and imbalance

24/7: Work between meaning and imbalance

Nojus Drąsutis, The Pool Cleaners, Vilnius (still), 2017. From Labor in a Single Shot by Antje Ehmann and Harun Farocki, 2011. 24/7: Work between meaning and imbalance
May 1, 2024–January 19, 2025

Add to Calendar
Kunsthaus Graz Lendkai 1 8020 Graz AustriaT +43 316 80179200 info@kunsthausgraz.at www.kunsthausgraz.at Opening: Tuesday, April 30th, 7 pmThe world of work has undergone profound transformation in modern society. In the age of 24/7 access on offer, traditional working hours have long ceased to be the norm. The way “flexibility” is understood has changed, even reversed. It is […]

Balancing Efficiency and Employment: Navigating the Impact of Technology on the Workforce

Balancing Efficiency and Employment: Navigating the Impact of Technology on the Workforce

Balancing Efficiency and Employment: Navigating the Impact of Technology on the Workforce

Daniel CF Ng

· Follow 3 min read·7 hours ago The relentless march of technology, driven by the pursuit of efficiency and productivity, has long been hailed as a catalyst for economic growth and innovation. However, this progress often comes at a cost, particularly in the realm of employment. As machines become increasingly capable of performing tasks once reserved for humans, the specter of job displacement looms large. This report delves into the complex dilemma posed by the tension between technological advancement and employment, exploring the […]

Lehigh Valley companies turn to automation to address labor shortage

Lehigh Valley companies turn to automation to address labor shortage

Participants explore the various vendor booths at the Manufacturers Resource…

Kris Jackson, a representative with Cross Trainer Learning, uses the…

Kris Jackson, a representative with Cross Trainer Learning, talks with… Kris Jackson, a representative with Cross Trainer Learning, talks with… Participants explore the various vendor booths at the Manufacturers Resource… Derek Light, a representative with Keyence, talks with Arthur Deets… Participants explore the various vendor booths at the Manufacturers Resource… Devin Gundrum,of Phillips Robotics, talks with Robert Wolff during the… Gene Kaschak,of MCR, talks with Matt Kimchak during the Manufacturers… […]

Will Robots Replace Warehouse Workers?

Will Robots Replace Warehouse Workers?

At a warehouse located near Luton, a new and innovative system has been implemented to revolutionise the way orders are fulfilled for online shoppers . Recently highlighted in a BBC article, this advanced system showcases how robots navigate grids to quickly gather items for delivery. Unlike the early days of online shopping where human workers manually collected items, these robots perform the task with speed and precision.

Powered by sophisticated software and artificial intelligence, these robots operate alongside human staff to streamline the order fulfilment process. They navigate through the warehouse, selecting and delivering items to robotic arms equipped with […]

5 Key Economic Impacts And Strategic Implications Of AI For Leaders

5 Key Economic Impacts And Strategic Implications Of AI For Leaders

Liz Bacelar and Sophia the robot as a special guest of the Impact18 congress held in ICE Congress The economic impacts of Artificial Intelligence (AI) are not just significant, but also complex, influencing various aspects from individual firms to global financial structures. Understanding these impacts is crucial for business leaders as it can guide their decision-making and help them adapt to the evolving business landscape. Strategically, AI acts as a catalyst for innovation and a disruptive force, reshaping industries and altering competitive dynamics. A leader should know the following 5 economic impacts and strategic implications of AI. 1. Productivity […]

LinkedIn CEO says galvanizing 18,000 employees to shift objectives to AI hasn’t been easy but they’ve worked to ‘create a movement around it’

On this episode of Fortune ’s Leadership Next podcast, co-hosts Alan Murray and Michal Lev-Ram sit down with LinkedIn CEO Ryan Roslansky to discuss the company’s metamorphosis into an AI company. The interview covers topics ranging from the reasons for the change to how people should think about jobs in the future. Roslansky also explains why the future will be more about building for agility instead of stability.

Listen to the episode or read the transcript below. Transcript

Alan Murray: Leadership Next is powered by the folks at Deloitte who, like me, are exploring the changing rules of business leadership […]

Amazon, the world’s second-largest employer, replaces 100,000 humans with 750,000 robots, a ‘microcosm of how AI is changing the workforce’

Amazon, the world's second-largest employer, replaces 100,000 humans with 750,000 robots, a 'microcosm of how AI is changing the workforce'

Amazon, the world’s second-largest private employer with 1.5 million employees, is cutting its workforce by 100,000 and putting about 750,000 robots to work, financial news media Benzinga reported.

Amazon Grows To Over 750,000 Robots As World’s Second-Largest Private Employer Replaces Over 100,000 Humans – Benzinga

https://www.benzinga.com/general/24/04/38202793/amazon-grows-to-over-750-000-robots-as-worlds-second-largest-private-employer-replaces-over-100-000 Top Amazon exec says it’s a ‘myth’ robots steal jobs https://www.cnbc.com/2024/04/12/top-amazon-exec-says-its-a-myth-robots-steal-jobs.html According to Benzinga, the number of Amazon employees has fallen to 1.5 million at the time of writing, down from 1.6 million in 2021. Meanwhile, Benzinga reports that Amazon is introducing 200,000 robots in 2019 and 520,000 robots by […]