Tag: productivity

Dell Technologies Inc. (DELL): This AI Stock Is Trending Right Now

Dell Technologies Inc. (DELL): This AI Stock Is Trending Right Now

We recently compiled a list of the 17 Trending AI Stocks According to Latest News And Analyst Ratings . In this article, we are going to take a look at where Dell Technologies Inc. (NYSE:DELL) stands against the other trending AI stocks.

One of the biggest breakthroughs of artificial intelligence in the past few years has been the advances in natural language processing. These AI models in language are now making their way into the business world and the society at large. Over a course of the next decade, informed estimates by investment advisors at Goldman Sachs indicate that these […]

Why coal mining jobs have disappeared

Why coal mining jobs have disappeared

Automation in coal mining has increased productivity and reduced employment in the industry. In an early scene from the Oscar-winning “Harlan County U.S.A.,” a piece of technology is shown swallowing coal miners by the dozen. One after the other, we see helmeted workers merge their prone bodies with a conveyor belt that carries them like a line of sausages into the depths. Nearly five decades later, we know technology not only swallowed the miners; it would swallow their jobs.

The transition to cleaner energy has closed a lot of coal-fired power plants since 1976, when “Harlan County” was released. While […]

India’s Path To Becoming A Developed Nation By 2047

India's Path To Becoming A Developed Nation By 2047

India’s economic aspirations to evolve as a developed nation by 2047 have gained new momentum, fueled by insights from key experts like Gita Gopinath. The First Deputy Managing Director of the International Monetary Fund (IMF) recently underlined the necessity of transforming educational frameworks and workforce skills as stepping stones to achieving this ambitious goal.

During her address at the Delhi School of Economics, Gopinath shared her observation of India’s impressive growth rate, hovering around 7%. Despite this growth, she reiterated the urgent call for systemic reforms necessary to sustain such economic momentum and advance toward high-income status.

A significant portion of […]

Robots and wage polarisation

Robots and wage polarisation

VoxEU Column Labour Markets Productivity and Innovation In recent years, the rapid integration of industrial robots into manufacturing processes has spurred significant debate among policymakers and economists. The discussion centres around the transformative effects of automation on employment and the distribution of wages, especially in economies with substantial industrial sectors like the US. This column examines how the rise of robot capital has influenced wage polarisation across different occupations from 1990 to 2007, shedding light on the mechanisms driving these changes. The growing role of robots in industry

Industrial robots have revolutionised factory production over the past three decades, […]

International Journal of Advanced Research in Science, Communication and Technology (IJARSCT)

International Journal of Advanced Research in Science, Communication and Technology (IJARSCT)

IJARSCT ISSN (Online) 2581-9429

International Open-Access, Double-Blind, Peer-Reviewed, Refereed, Multidisciplinary Online Journal

Copyright to IJARSCT 49www.ijarsct.co.inImpact Factor: 5.731The Impact of Artificial Intelligence on JobMarket and Workforce Automation Prof. Kajal Mehta and Rishikesh PradhanAssistant Professor and Research ScholarSt. Rock’s College of Commerce and Science, Borivali (W), Mumbai, IndiaAbstract : AI, encompassing machine learning and robotics, revolutionizes industries, enhancing efficiency and innovation. However, it sparks concerns about job displacement, especially in sectors like manufacturing and customer service, potentially encroaching on human tasks. Despite this, AI fosters new roles in data science, AI development, and human-machine collaboration, demanding ongoing learning. […]

DOI: 10.1093/obo/9780199846740-0172

Introduction

Since the first decades of the 20th century, there has been concern that automation, including mechanization, computing, and more recently robotics and artificial intelligence (AI), will take away jobs and damage the labor market. There has also been concern that large, dominant firms will capture whatever value is created by automating technologies. In an effort to understand these issues, a wide variety of scholars have studied automation. Automation has been studied at a number of levels, including country, industry, firm, occupation, and even the occupational-task level, and by a range of disciplines, including economics, innovation, management, organizational […]

7% growth not coming with enough jobs: Gopinath

IMF ’s first deputy managing director Gita Gopinath, who is in India, spoke to TOI on a range of issues from the global crisis to AI and the need to create jobs. Excerpts:

How do you see wars and crises affecting the world and India?

In the last few years, we have seen a big rise in geo-political uncertainty, that’s a reflection of the conflicts, Russian invasion of Ukraine, conflicts in the Middle East (West Asia).More generally, because of the pandemic and the war there has been a rethinking by countries of what should be the rules of engagement. […]

Why AI will not lead to a world without work

Artificial intelligence (AI) is prompting a new wave of technological unemployment fears. Image: Getty Images/iStockphoto A hand holding a looking glass by a lake Crowdsource Innovation Get involved with our crowdsourced digital platform to deliver impact at scale

This article is part of: Centre for the Fourth Industrial Revolution Technology, including artificial intelligence (AI), must be deflationary to have a macroeconomic impact. It can reduce costs and prices and boost real incomes and demand, thereby creating new jobs and offsetting automation-driven losses.

Predictions of technological unemployment have repeatedly proven false, as macroeconomic job creation in new sectors offsets microeconomic […]

More Bark than Bite from the Trump Campaign’s ‘Policy Attack Dog’

More Bark than Bite from the Trump Campaign’s ‘Policy Attack Dog’

Republican vice presidential nominee Senator J. D. Vance (R., Ohio) speaks to supporters during a campaign stop in Byron Center, Mich., August 14, 2024. If J. D. Vance is really going to be the Trump campaign’s “ policy attack dog ,” as Audrey Fahlberg and Brittany Bernstein report, he probably should get a handle on policy.

Let’s start with trade. He has a line in his stump speech about Kamala Harris and NAFTA. As delivered today in Michigan: Remember, this is the woman who voted to preserve NAFTA, to extend NAFTA, the very trade deal that sent American auto jobs […]

Robotics in Indian manufacturing: Examine how robotics can boost productivity while preserving jobs

Robotics in Indian manufacturing: Examine how robotics can boost productivity while preserving jobs

India’s manufacturing sector is on a promising path of growth, bolstered by significant investments and strategic initiatives. According to the India Brand Equity Foundation (IBEF), the Gross Value Added (GVA) for the manufacturing sector was around USD 110.48 billion in the first quarter of FY24. The “Make in India” initiative is a key driver in this progress, aiming to boost the sector through advancements in automation, robotics, and digital technologies, positioning India as to global manufacturing hub. As the sector continues to expand, it is set to strengthen India’s role in the global manufacturing arena and generate a plethora […]