The Trade War Is a Farce

The Trade War Is a Farce

Trump Xi As the World Economic Forum (WEF) annual meeting continues in Davos, Switzerland, this week, discussions around global trade, the future of advanced manufacturing, and the Fourth Industrial Revolution are at an all-time high. In particular, the popular news media has been making a daily diet talking about the U.S. trade war with China.

Unfortunately, they are missing the real story: the potentially profound effects of reshoring on U.S. manufacturing and on the widening skills gap.

A few reports are seeing the fumes of the real story but miss the overall point. News articles have surfaced about the success of […]

Don’t Hit Snooze on Brookings Automation Alarm But Don’t Stress Out, Either

Don't Hit Snooze on Brookings Automation Alarm But Don't Stress Out, Either

The new Brookings Institution report on how automation will impact various employment sectors concluded with a set of suggested economic initiatives aimed at "mitigating coming stresses" as America moves into the age of AI.

Few could argue against investments in education and skills-retraining; and certain "uniquely human qualities" are of course worth fostering (although most universities are deemphasizing humanities).

So which of our qualities win the future of employment? It’s a question with which society has been grappling since the start of the Industrial Revolution. Any stressed-out workers in the most vulnerable occupational groupings — production (including manufacturing), food service, transportation […]

Brookings Says a Quarter of U.S. Jobs To Be Automated Soon

Brookings Says a Quarter of U.S. Jobs To Be Automated Soon

The report from the Brookings Institution released on Thursday drew lots of attention, most of it positive. Its conclusions were condensed into a single sentence: “Approximately 25 percent of U.S. employment (36 million jobs in 2016) will face high exposure to automation in the coming decades.”

In the past this was cause for much hand-wringing and calls for more government training for people working in low-skilled positions to prepare them for the brave new world of automation and artificial intelligence. Instead what is remarkable is how the U.S. economy is adapting to the changes taking place, and preparing for more […]

Automation to hit most jobs, but overall impact ‘muted’: Study

Automation to hit most jobs, but overall impact 'muted': Study

Artificial intelligence and automation will lead to job losses in "virtually all occupational groups" over the coming decades in the United States, but the overall impact on employment will be "muted," a prominent think tank study said Thursday.

"Almost no occupation will be unaffected by the adoption of currently available technologies," said the Brookings Institution study.

The researchers, examining some 800 occupations, concluded that roughly 25 percent of US employment, or 36 million jobs in the United States, would face "high exposure to automation" in the coming decades.But they also pointed out that automation and artificial intelligence "are increasingly looking like […]

Automation: The leader of digital transformation

Automation: The leader of digital transformation

INDUSTRY 4.0 is impacting the world by storm. For Singapore to remain relevant in this highly globalised and competitive environment, businesses need to continuously innovate and use their resources more effectively. The manufacturing industry is no exception.

Manufacturing – which contributes about 20 per cent of Singapore’s gross domestic product (GDP) and 14 per cent of total employment – is being impacted by new technologies, changes in global supply chains and consumer demands. Local manufacturers must adapt to these technologies, such as robotics, to remain relevant.

Singapore’s manufacturing base has been gearing up to adopt the Industry 4.0 model to enhance […]

AI to hit hardest in U.S. heartland and among less-skilled: Study

AI to hit hardest in U.S. heartland and among less-skilled: Study

A user demonstrates Movia Robotics educational software for children with autism on an Avatarmind iPal robot during the 2019 CES in Las Vegas, Nev., Jan. 9. REUTERS/Steve Marcus

WASHINGTON (Reuters) — The Midwestern states hit hardest by job automation in recent decades, places that were pivotal to U.S. President Donald Trump’s election, will be under the most pressure again as advances in artificial intelligence reshape the workplace, according to a new study by Brookings Institution researchers.

The spread of computer-driven technology into middle-wage jobs like trucking, construction, and office work, and some lower-skilled occupations like food preparation and service, will also […]

Chefs and truck drivers beware: AI is coming for your jobs

Chefs and truck drivers beware: AI is coming for your jobs

Robots aren’t replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a new Brookings Institution report.

Thursday’s report from the Washington think tank says roughly 36 million Americans hold jobs with "high exposure" to automation — meaning at least 70 percent of their tasks could soon be performed by machines using current technology. Among those most likely to be affected are cooks, waiters and others in food services; short-haul truck drivers; and clerical office workers.

"That population is going to need to upskill, reskill or change jobs […]

Automation to hit most jobs, but overall impact ‘muted’: study

Automation to hit most jobs, but overall impact 'muted': study

Artificial intelligence and robotics will impact most occupations in the coming years, according to a new study, but the overall impact on employment is likely to be "muted" Washington (AFP)

Artificial intelligence and automation will lead to job losses in "virtually all occupational groups" over the coming decades in the United States, but the overall impact on employment will be "muted," a prominent think tank study said Thursday.

"Almost no occupation will be unaffected by the adoption of currently available technologies," said the Brookings Institution study.The researchers, examining some 800 occupations, concluded that roughly 25 percent of US employment, or 36 […]

Report: AI is coming for 36 million jobs, and sooner than you think

Report: AI is coming for 36 million jobs, and sooner than you think

We’ve probably covered enough Killer Robot stories here for a little while, so let’s veer back to the other half of the AI equation. Assuming Artificial Intelligence doesn’t “wake up” in the near future and destroy us all, even the supposedly tame and manageable robots will be able to cause plenty of problems. First and foremost is the issue of all the jobs they will take away from flawed and limited human beings. How many jobs are we talking about and how soon will this robot workforce be kicking into high gear? According to a new report from the […]

Study: Automation Will Hurt Manufacturing-Heavy Midwest

Study: Automation Will Hurt Manufacturing-Heavy Midwest

Manufacturing-heavy states in the Midwest will be hit hardest by the rise of artificial intelligence (AI) and automation for lower-skilled jobs, according to a new study by Brookings Institution researchers.

Reuters reported that automation technology’s melt into middle-wage jobs like construction, office work, truck driving and even food prep and food service will see more and more jobs displaced by computer technology.

Certain states will be heavily affected, like Indiana, Kentucky, South Dakota, Arkansas and Alabama. Wisconsin, Iowa and Ohio, which are heavy manufacturing states, will be the hardest hit.States like New York and Maryland have only a fifth of […]