Tag: robot

The IFS report sees humans being potentially priced out of work by automation

The IFS report sees humans being potentially priced out of work by automation

Image: The IFS report sees humans being potentially priced out of work by automation A report for the economic think tank urges "extremely careful" monitoring of wage rates over the coming years as statutory pay goes up and employers look to cut costs.

The National Living Wage, which applies to workers aged 25 and over, is set to rise to £7.83 per hour from April from a current rate of £7.50.

Current ambitions will see it hit 60% of median wages in 2020 – around £8.56 if forecasts prove accurate. Could robots replace human workers? The IFS said those set to […]

Rise of the robots: Automation risk to more jobs as minimum wage increases warns IFS

Rise of the robots: Automation risk to more jobs as minimum wage increases warns IFS

Restaurant waiters are actually at lower risk from automation than some other occupations, the IFS said (Source: Getty) Higher minimum wage levels could tempt British employers to automate more jobs, risking a rise in unemployment, respected economists at the Institute for Fiscal Studies (IFS) will today warn.

In research to be published today, the IFS will call for “extremely careful monitoring” of the effects of government increases to the minimum wage as more jobs which could be replaced by machines fall into the law’s scope.

The proportion of over-25 employees on the minimum wage will have tripled between 2015 and 2020 […]

Robot warning over living wage rise

Robot warning over living wage rise

The rapid increase in the living wage could mean that more jobs are replaced by robots, the Institute of Fiscal Studies has warned.

The think tank said with the hourly rate set to top £8.50 per hour by 2020, more jobs may be at risk of automation.

Firms are more likely to invest in robots and computerised systems if the alternative is more expensive labour.Report author Agnes Norris Keiller said "beyond some point a higher minimum must start affecting employment"."We do not know where that point is."The fact there seemed to be a negligible employment impact of a minimum [wage] at […]

Minimum wage increase could speed up rise of robots as bosses don’t want to pay more

Minimum wage increase could speed up rise of robots as bosses don’t want to pay more

Remember when humans used to do this job? (Picture: AFP/Getty Images) Minimum wage rises may lead businesses to replace more human workers with machines, a major think tank has warned.

The Institute for Fiscal Studies (IFS) warned in a new report that bosses are increasingly looking to automate their businesses, and could just replace people with machines instead of paying them more.

For employees aged 25 and over, the minimum wage is currently £7.50 and will rise further to £7.83 in April.The rate is planned to reach 60% of median wages in 2020 – which, under current forecasts of wage growth, […]

These Are the 15 Fastest Disappearing Jobs in America

These Are the 15 Fastest Disappearing Jobs in America

State of the art technology, Google, and even Amazon are putting a lot of workers out of jobs. It’s now easier than ever to ask Siri for a phone number and have everything you need delivered right to your front doorstep. As for paying bills, writing a check and stamping an envelope is a thing of the past. While other industries are growing , the bottom line is automation is taking over and certain industries are feeling the impact.

According to the Bureau of Labor Statistics , by 2026 some trades will be nearly extinct. Here are 15 of […]

To Resist the Robots, Invest in People

To Resist the Robots, Invest in People

Widespread automation has yet to come to Asia’s developing economies; but it will soon enough, and governments would do well to start preparing their workforces now. In addition to appropriate tax and labor-market policies, publicly provisioned vocational and skills-training programs will play a crucial role.

MANILA – A knitting factory in Bangladesh brings together the past, present, and future. On one floor, workers knit by hand. On another, people and machines do the work together. And on a third floor, there are only robots. The world’s leading thinkers and policymakers examine what’s come apart in the past year, and anticipate […]

How artificial intelligence — like driverless cars — is making us ask what is ‘uniquely human’

How artificial intelligence — like driverless cars — is making us ask what is 'uniquely human'

With artificial intelligence set to take over mundane jobs like trucking and loan approvals, humanity will be forced to focus on jobs that are “uniquely human.” In late 2016, a ghost truck rumbled down a Colorado highway carrying 50,000 cans of Budweiser beer.

The cab of the truck was empty but the truck hewed to the dotted highway lines with eerie precision. If it alarmed any passing motorists, no one piped up about it and, to be fair, anyone with sharp vision would’ve spotted a man crouched in the back, keeping an eye on things.

The driverless truck is just one […]

Okie from Muskogee: Computer knowledge may not be enough in the future

Okie from Muskogee: Computer knowledge may not be enough in the future

Rethink cooking excellence in the age of smart machines with IBM’s Watson and your own creativity. Here cinnamon bitters is teamed up with beef chuck and hearty vegetables to create a unique flavor. Serve with a Mediterranean-type salad and garlic toast. Photo by Melony Carey Technology and automation are in the forefront of our daily lives, from our smartphones and televisions to our cars and express checkout lanes.

You may not use the self-check lane right now, but according to Edward Hess and Katherine Ludwig, authors of “Humility is the New Smart: Rethinking Human Excellence in the Smart Machine Age” […]

Planet of the Apps: Experts warn of a tech take-over as robots with artificial intelligence seize control

Planet of the Apps: Experts warn of a tech take-over as robots with artificial intelligence seize control

Amazon’s Alexa THEY listen, they talk and very soon, according to some experts, they will be taking over our homes, our jobs and our lives.

Thousands of us unwrapped voice-activated electronic devices on Christmas Day.

Amazon’s Alexa service, Apple’s Home Pod and Google’s Home speakers were among the best-sellers.Recognising the human voice, the gadgets can play music, search the web, shop online, check the weather and even switch on the lights or control the central heating.But while we are getting to grips with our new interactive electronics, a report last week sounded alarm bells over the implications of rapidly improving […]

Smarter ageing with collaborative robots

Smarter ageing with collaborative robots

Collaborative robots, or cobots, can ease workload of skilled employees, allowing them to focus on less mundane tasks

Recent statistics released by Singapore’s National Population and Talent Division paint a sobering picture of Singapore’s ageing society – the proportion of citizens aged 65 and above rose from 13.7 per cent in 2016 to 14.4 per cent last year.

The two biggest consequences of the country’s ageing population are an increased demand for quality healthcare and a shrinking workforce.With the rapid pace of demographic change, it will not be long before Singapore feels the impact of both issues.Robotic automation can offer […]