Tag: robot

Why Artificial Intelligence Will End the Need for Immigration

Why Artificial Intelligence Will End the Need for Immigration

When you think of a “developing country,” what type of nation comes to mind? Any number of Latin American, African, Middle Eastern, or Southeast Asian countries, probably. What makes them “developing”? Any number of socio-economic factors, including poor infrastructure, political corruption, conflict, ethnoreligious tension, poverty, high unemployment, and famine—to name a few. A “developed nation” has largely rid itself of these poor indicators.

Do we really want these “developing nations” ever to become developed? If so, then why does the United States—and the West more broadly—encourage and pursue policies that lead to “brain drain” from poorer, developing countries? Why do […]

Debunking 8 Myths About AI in the Workplace

Debunking 8 Myths About AI in the Workplace

The interplay between technology and work has always been a hot topic.

While technology has typically created more jobs than it has destroyed on a historical basis, this context rarely stops people from believing that things are “different” this time around.

In this case, it’s the potential impact of artificial intelligence (AI) that is being hotly debated by the media and expert commentators. Although there is no doubt that AI will be a transformative force in business, the recent attention on the subject has also led to many common misconceptions about the technology and its anticipated effects. Disproving Common Myths About […]

The definition of work is about to be permanently transformed

The definition of work is about to be permanently transformed

Rohinton Medhora is president at the Centre for International Governance Innovation (CIGI) in Waterloo, Ont.

David Ossip is chairman and CEO at Ceridian, which is headquartered in Minneapolis, Minn.

With the rapid digitization of numerous industries and many facets of our everyday lives, artificial intelligence and robotics are poised to transform the economy in a way similar to the industrial revolution. While these technologies will boost productivity, we should be concerned about their potential effect on the labour market. These effects have the potential to radically change the way of life for billions of people and should be […]

Workforce Development

Workforce Development

Eakinomics: Workforce Development

Today the president is in Tampa for the latest in a series of events focused on workforce development , with a particular emphasis on “re-skilling” workers to take advantage of different opportunities in the labor market. Obviously, it is a good idea for workers to have the skills necessary to fill the jobs that are open in the modern labor market, which may involve changes in location, occupation, and sector of the economy. Workers, firms, and governments all have various interests in successful re-skilling (see the discussion by the Council of Economic Advisers). Yet this feels […]

How to Make Automation Work for You

How to Make Automation Work for You

A new survey explores the impact of intelligent automation on HR and other functions. Forecasts about the future of human resources suggest that the impact of intelligent automation on HR is significant. Automated processes will no doubt reshape workforces, and enable HR professionals to redirect their efforts away from the mundane and towards the meaningful to manage those shifts.

But what is the best way to make that transition successful?

A new study out today from KPMG found that businesses are eager to embrace automation—but aren’t yet sure how to do so.“The surprising part of the survey is not that managers’ […]

Why AI stealing our jobs may be a blessing in disguise – if we can rethink what meaningful work is

Why AI stealing our jobs may be a blessing in disguise – if we can rethink what meaningful work is

A worker faces an iPal robot, created by AvatarMind, at an assembly plant in Suzhou, Jiangsu province, China, on July 4. Designed to offer education, care and companionship to children and the elderly, the 3.5-feet tall humanoid robots come in two genders and can tell stories, take photos and deliver educational or promotional content. Photo: Reuters In a test conducted by investment firm Loup Ventures, Google Assistant was able to answer the most questions correctly From steam engines to computers, new technologies that emerged from past industrial revolutions stimulated new demand, boosted economic growth and eventually created more jobs […]

John McDonald: Automation won’t take our jobs unless we let it

John McDonald: Automation won’t take our jobs unless we let it

It seems every week there’s a new article about how artificial intelligence and automation can more efficiently complete manual tasks. The McKinsey Institute predicts that 39 million to 73 million jobs—nearly one third of the U.S. workforce—will be automated by 2030.

Alone, with no context, this statistic becomes quite daunting. Why are we inventing ourselves out of work?

But it’s important to remember that automation and unemployment are not synonymous. We can use these advancements, combined with human creative power, to make better work environments, products and services without resulting in a total overhaul of the known employment demographics.Instead of a […]

We have to lay the groundwork for American workers to thrive in a changing economy

We have to lay the groundwork for American workers to thrive in a changing economy

© Getty Images The roadmap for a new American economy does not exist in the past, with old industries and ways of thinking – it must be created now, by us. While our economy continues to recover, many of our friends, neighbors, and family members continue to be confronted by a lack of jobs, wage stagnation, or continued layoffs. Our economy is broken everywhere. The system no longer works for the American worker.

These current hardships combined with continued globalization and the rise of automation will threaten and cause job loss for many Americans. Millions of Americans could have their […]

India to work with BRICS for Fourth Industrial Revolution: Modi

India to work with BRICS for Fourth Industrial Revolution: Modi

Indian Prime Minister Narendra Modi on Thursday said that India will work with other member states of the BRICS economic bloc to prepare for the Fourth Industrial Revolution while reiterating India’s commitment to multilateralism, international trade and rule-based world order.

Addressing the plenary session of the 10th BRICS (Brazil, Russia, India, China, South Africa) Summit here, Modi said that everybody knows the importance of working together to fight the challenges thrown up by cyber security.

"Industry 4.0 will further increase these challenges and needs," he said." India will like to work with the BRICS on the issue of the Fourth Industrial […]

India to work with BRICS for Fourth Industrial Revolution: PM Narendra Modi

India to work with BRICS for Fourth Industrial Revolution: PM Narendra Modi

Johannesburg : Indian Prime Minister Narendra Modi on Thursday said that India will work with other member states of the BRICS economic bloc to prepare for the Fourth Industrial Revolution while reiterating India’s commitment to multilateralism, international trade and rule-based world order.

Addressing the plenary session of the 10th BRICS (Brazil, Russia, India, China, South Africa) Summit here, Modi said that everybody knows the importance of working together to fight the challenges thrown up by cyber security. “Industry 4.0 will further increase these challenges and needs,” he said. “India will like to work with the BRICS on the issue of […]