Tag: productivity

MALAYSIA MUST STUDY FUTURE DISPLACEMENT OF LABOURERS

Opinions on topical issues from thought leaders, columnists and editors.

Seventeenth century English poet William Blake, in the poem ‘London’ – considered to be one of his greatest works – when describing the people of London in the city, lamented that in every face, he “had met”, he found that it revealed “weakness” and “marks of woe”.

Blake penned these thoughts to paper at a time when England was beginning its transition to the industrial revolution – a rather tumultuous time for the country. While the industrial revolution paved the way for modernisation which led to the country’s dramatic economic advances […]

Job market: the most valued cognitive skills

Job market: the most valued cognitive skills

To find a job in the digital age, one needs more than just technical skills. Interpersonal qualities are critical to success in an increasingly complex and diverse work environment. Professionals who can master these competencies will be better prepared to thrive and face the challenges and opportunities presented by the labour market of the future.

The new technological revolution we are experiencing has brought about an accelerated digitisation and automation of many tasks, driven by artificial intelligence, which is radically transforming the labour market. This radical evolution of the nature of work requires new skills and personal competencies […]

New Era of Workforce Transformation: AI’s Impact on Jobs

New Era of Workforce Transformation: AI’s Impact on Jobs

As the wheel of technological progress continues to turn, we find ourselves on the cusp of a new transformative period. Goldman Sachs, a notable U.S. investment bank, released a study in 2023 predicting a seismic shift due to advancements in “generative” artificial intelligence (AI). It suggests that this new tech wave might not only improve global productivity but also disrupt the job market significantly. An estimated 300 million jobs across the United States and Eurozone could be affected by automation.

From the origins of the Industrial Revolution, productivity has hinged on breaking down complex tasks into simpler, more efficient processes. […]

Automating your plant: A Solution for the employment and retention issue

Automating your plant: A Solution for the employment and retention issue

In August 2021, Kentucky had the highest quit rate in the United States, according to the U.S. Bureau of Labor Statistics . Today, the national turnover rate is almost 10% of the workforce.* It is difficult to find reliable employees in 2024: The landscape of manufacturing has undergone a significant transformation, and this shift has sparked debates about its impact on employment.

However, rather than eliminate jobs, automation in manufacturing plants has proven to be a catalyst for filling open positions and addressing workforce shortages. Why not investigate automation solutions where employment and retention are an issue? Automation creates more […]

How Automation Influences the Future of Work

How Automation Influences the Future of Work

The integration of artificial intelligence (AI) into the workplace is no longer a matter of future speculation—it’s an evolving reality reshaping industries and job roles. Katharina Grienberger, a labor market researcher, probes the extent to which various professions could technically be substituted by machines, offering fresh insights into future trends.

Professions across the spectrum, from editorial roles to specialized technical jobs, are experiencing the impact of tools like ChatGPT . These innovative AI applications do not only enhance productivity but also provoke questions about the future of human employment in certain sectors. According to the data, the rise of AI […]

The Future of Work in the AI Era: New Challenges and Opportunities

The Future of Work in the AI Era: New Challenges and Opportunities

The Future of Work in the AI Era: New Challenges and Opportunities 1 Explore how AI reshapes employment, emphasizing new skills and leadership in an evolving workplace. Discover the dual impact of AI on jobs and growth.

As artificial intelligence (AI) technology continues to evolve, its impact on the workforce is both promising and complex, ushering in a new era of job creation, transformation, and necessary adaptation. At the heart of this evolution is the dual nature of AI as both a tool for job automation and a creator of new job opportunities, necessitating a nuanced understanding of its implications […]

Navigating the AI Revolution: Tina Huang’s Insights on Job Displacement and Adaptation

Navigating the AI Revolution: Tina Huang’s Insights on Job Displacement and Adaptation

Written by Staff

In a frightening talk on the implications of artificial intelligence (AI) for the workforce, Tina Huang, a Data Scientist and popular YouTuber, focused a recent video on the evolving relationship between automation and employment. Drawing from her extensive expertise in the field, Huang embarked on a comprehensive analysis, dissecting the nuances of AI-driven disruption and illuminating pathways for adaptation in an era of technological upheaval.

Addressing her audience captivated by the promise and peril of AI, Huang began by contextualizing the prevailing anxieties surrounding job displacement in the face of automation. “The specter of AI-induced job loss […]

Outsourcing founder explains why a Manhattan restaurant uses a staffing firm in the Philippines that pays cashiers a few dollars an hour: ‘The cost is admittedly cheaper than the U.S.’

Outsourcing founder explains why a Manhattan restaurant uses a staffing firm in the Philippines that pays cashiers a few dollars an hour: ‘The cost is admittedly cheaper than the U.S.’

Fast-food chains have increasingly relied on automation to save on labor costs. Trying hard to stay afloat in a restaurant industry spending 36% of its cash on labor and with minimum wage creeping to $16, a cadre of local New York City chains have found a shrewd way to save: enlisting the help of cashiers video calling in from the Philippines and paying them way less.

At Sansan Chicken , a fried-chicken joint in the East Village and Long Island City, cashiers on a large screen greet customers and answer questions they may have about the menu or their self-service […]

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

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

Amazon.com Inc. is rapidly advancing its use of robotics, deploying over 750,000 robots to work alongside its employees.

The world’s second-largest private employer employs 1.5 million people. While that’s a lot, it’s a decrease of over 100,000 employees from the 1.6 million workers it had in 2021. Meanwhile, the company had 520,000 robots in 2022 and 200,000 robots in 2019. While Amazon is bringing on hundreds of thousands of robots per year, the company is slowly decreasing its employee numbers.

The robots, including new models like Sequoia and Digit, are designed to perform repetitive tasks, thereby improving efficiency, safety and delivery […]

Amazon Accelerates Automation: Implications and Strategies

Amazon Accelerates Automation: Implications and Strategies

New Project 2024 04 11t210900.364 Rapid Robotics Deployment: Amazon.com Inc. is significantly expanding its use of robotics, deploying more than 750,000 robots to complement its workforce. This marks a notable increase from 520,000 robots in 2022 and 200,000 in 2019. While the company remains the world’s second-largest private employer with 1.5 million employees, there has been a decrease from 1.6 million in 2021. Enhanced Efficiency and Safety: New robot models like Sequoia and Digit are designed to perform repetitive tasks, enhancing efficiency, safety, and delivery speed for Amazon’s customers. Sequoia improves inventory management and order processing in fulfillment centers, […]