Tag: robot

The end of jobs and the future of work

The end of jobs and the future of work

It seems that whatever the country, whatever the economic context, the critical question is becoming ever more pertinent; what is the future of work in an era of exponential technology development?

“Artificial intelligence is arguably the big game changer and becoming more commonplace. We already see narrow AI in use in internet searches, customer targeting applications, and in predictive analytics. But AI has much greater capability that will merge into every aspect of our lives in the future. Increasingly devices will learn more about us, provide an ever-increasing range of support and take on more of our tasks. We […]

Links and quotes for June 26, 2017: Assessing the Seattle minimum wage experiment, the Senate health bill, and more

Results from Seattle’s minimum wage experiment — NBER This paper evaluates the wage, employment, and hours effects of the first and second phase-in of the Seattle Minimum Wage Ordinance, which raised the minimum wage from $9.47 to $11 per hour in 2015 and to $13 per hour in 2016. Using a variety of methods to analyze employment in all sectors paying below a specified real hourly rate, we conclude that the second wage increase to $13 reduced hours worked in low-wage jobs by around 9 percent, while hourly wages in such jobs increased by around 3 percent. Consequently, total […]

Letter: Automation rapidly changing 21st century workplace

The Trump cult is similar to followers of Benito Mussolini or Juan Peron who both made disastrous promises to restore "greatness." These Trump followers are devoid of facts of American business management trends in the real world.

President Trump promised to bring back the coal industry. Coal mining is now a highly-automated industry requiring far fewer miners than in decades past. However, Trump never discusses the fact that cheap abundant natural gas is replacing coal along with renewable sources. Modern combined-cycle natural gas plants are nearly twice as efficient as our older single-cycle coal power plants.

Most of our coal plants […]

Women are twice as likely than men to lose their jobs to robots

Women are twice as likely than men to lose their jobs to robots

Scott Olson / Getty Images As automation threatens the existence of millions of jobs across the US, not every American is equally at risk of being replaced by a robot.

Twice as many women than men are likely to lose their jobs as automation replaces human labor, according to a recent report by the Institute for Spatial Economic Analysis (ISEA).

That’s because women are more likely to be employed in roles that can be replaced by robots. For example, 97% of cashiers are expected to lose their jobs in the coming years to automation. As of 2016, 73% of cashiers are […]

What jobs will still be around in 20 years? Read this to prepare your future

What jobs will still be around in 20 years? Read this to prepare your future

The robots are coming, the robots are coming!

Regular reports warn us that an automation apocalypse is nigh. In January, a McKinsey & Company study found that about 30% of tasks in 60% of occupations could be computerized and last year, the Bank of England’s chief economist said that 80m US and 15m UK jobs might be taken over by robots .

Of course, not all jobs are created equally. In 2013, a highly cited study by Oxford University academics called The Future of Employment examined 702 common occupations and found that some jobs – telemarketers, tax preparers and sports referees […]

job losses due to automation

job losses due to automation

Thirteen years ago, two prominent U.S. economists wrote that driverless cars couldn’t execute a left turn against oncoming traffic because too many factors were involved. Six years later, Google proved it could make fully autonomous cars, threatening the livelihoods of millions of truck and taxi drivers. Throughout much of the developed world, gainful employment is seen as almost a fundamental right. But what if, in the not-too-distant future, there won’t be enough jobs to go around? That’s what some economists think will happen as robots and artificial intelligence increasingly become capable of performing human tasks. Of course, past technological […]

Meet tech industry headwinds with the right skillset engines

Meet tech industry headwinds with the right skillset engines

Workers are seen at their workstations on the floor of an outsourcing centre in Bangalore, in this file photo. Reuters File

A technology hawk which bulks up India’s foreign exchange could be slowing down, but a hawk is still a hawk even if it flies low. The fact remains that growth rates have moderated for most IT services companies globally. Each company has a different painpoint (manufacturing, utilities, energy, healthcare and retail, among others) but at an aggregate level this has meant lower growth rate for India’s tech services titans TCS, HCL, Infosys, Wipro and Cognizant.

IT industry body Nasscom’s constant […]

Bad News: Automation Will Terminate Many Millennial Jobs

Bad News: Automation Will Terminate Many Millennial Jobs

Terminator Genisys Millennials supporting the minimum wage hike trends better rethink themselves, because a new report from Gallup shows that many of those entry-level jobs will be terminated by robots. No telling if they’ll be back. A Gallup study said that 37 percent of millennials are at “high risk” of being replaced by either artificial intelligence (AI) or automation. The news is slightly better at 32 percent for Generation X and Baby Boomers. The five percent divergence rate is because millennials lack work experience, where older generations are more likely to hold higher-ranking positions. The study said that only […]

The World’s Workers Have Bigger Problems Than a Robot Apocalypse

The World’s Workers Have Bigger Problems Than a Robot Apocalypse

The world’s workers seem to be in a bad spot: A recent study found that each new industrial robot displaces six employees. Automation is on the rise in fields from radiology to volleyball coaching . Workers in poorer manufacturing-reliant nations are especially vulnerable, it’s said, because their jobs could soon be done by robots. Yuval Noah Harari, author of the new book Homo Deus , speculates in a recent Bloomberg View column about the rise of a huge, embittered “useless class” living on the dole.

But if work is being automated out of existence, how do you explain a 2.8 […]

These College Students Are About To See How Robots Are Coming For Our Jobs

These College Students Are About To See How Robots Are Coming For Our Jobs

Much of the discourse about public education revolves around the idea of teaching kids “ 21st century skills ” and prepping them for the jobs of the future. Well, students at the University of Michigan, Ann Arbor, will soon get a personal look at the kind of technology that is likely to disrupt their post-graduation employment opportunities.

On Wednesday, the university announced that when students come back to campus in the fall, they’ll be able to ride automated shuttles around its North Campus. Instead of a shuttle with a human driver, students will ride on “two fully-automated, 15-passenger, all-electric shuttles,” […]