More than half of workers in five Southeast Asian countries are at high risk of losing their jobs to automation in the next two decades, an International Labour Organization study found, with those in the garments industry particularly vulnerable.
About 137 million workers or 56 percent of the salaried workforce from Cambodia, Indonesia, the Philippines, Thailand and Vietnam, fall under the high-risk category, the study showed.
“Countries that compete on low-wage labor need to reposition themselves. Price advantage is no longer enough,” said Deborah France-Massin, director for the ILO’s bureau for employers’ activities. The report said workers have to be trained […]
Full Post at www.vietmaz.com
McDonald’s automated kiosk (REUTERS/Rick Wilking) A former top federal economist warned in an opinion piece Wednesday government policies are often counterproductive to the jobs they’re meant to save.
Industries phase out employment opportunities naturally due to factors like robotics and automation. Lawmakers have proposed policies to preserve and improve jobs, but often, those ideas backfire. International Trade Commission Former Chief Economist Peter Morici said a better approach is to prepare people for the jobs not easily replaced.
“The robotics and artificial intelligence revolution is all around us,” Morici wrote in a piece for Fox News. “Tasks requiring complex manual dexterity have […]
Full Post at dailycaller.com
Tanner Mirrlees Instead of hiring workers, many companies are employing new technology. No job seems safe from automation.
The factories of the world are filled with gigantic robotic arms programmed to put together everything from BMV luxury automobiles to Apple iPhones. Assembly lines are working with fewer blue collars.
Distribution warehouses, like those run by Amazon.com, employ robotic dollies to fill and carry shelves of books and beauty accessories to the small human workforce that packs these goods into the boxes mailed to our doors.Customer service is being designed away by user-friendly interfaces that shift tasks once done by paid workers […]
Full Post at www.durhamregion.com
With land, machinery, chemicals and seeds becoming expensive and technology providing cost-effective labour solutions, the days of the individual farmers are numbered. Automation has everyone on the edge. According to a recent report by US-based research firm ‘HfS Research’, India’s IT services industry, which employs around 3.7 million people, will lose 6.4 lakh jobs to automation in the next five years.
The report further adds that the IT industry worldwide would see a net decrease of 9% in headcount, or about 1.4 million jobs, with countries such as the Philippines, the United Kingdom and the United States also taking hits […]
Full Post at economictimes.indiatimes.com
If the government sent you a check for $961.58 every two weeks — $25,000 a year — for the rest of your life, with adjustments for inflation, would that be enough for you to walk away from the working world forever?
How about $20,000 a year? $15,000? $10,000?
And there’s another side to that question. If you could get $25,000 a year to stay home, how much would you demand before showing up for work?These aren’t rhetorical questions. For those of us dependent on paychecks to put food on the table and sleep indoors every night, this could be our future, […]
Full Post at www.ellwoodcityledger.com
On Monday night, ABC Four Corners ran a ripper report entitled “Future Proof” , which examines the future of work in Australia and whether we are preparing our children properly for the future.
The report features a bunch of experts and commentators, some of who believe that up to 40% of current jobs (5 million) could disappear within 15 years as technological change takes hold, although many of these will be replaced by new jobs in areas that we probably haven’t even thought of.
Below are some key extracts from the transcript , beginning with the pessimistic news: GEOFF THOMPSON: Today […]
Full Post at www.macrobusiness.com.au
For decades, economic textbooks have highlighted the golden relationship between productivity and wages. As workers are able to produce more, employees reap the gains in the form of higher wages.
But this is no longer the case. View gallery . Wages and productivity climbed in lockstep between 1950 and 1980. However, there is a striking divergence between the 1980s and today. Even with the unemployment rate near multi-decade lows, Federal Reserve Chair Janet Yellen highlighted concerns about the lack of wage growth and underemployment during her speech at Harvard last month.
“We’re close to an unemployment rate that I think most […]
Full Post at finance.yahoo.com
The Rise Of The Robots—Technology And The Threat Of Mass Unemployment: By Martin Ford, Oneworld Publications, 334 pages, Rs.599. If the Industrial Revolution introduced the assembly-line production concept in factories, the 1950s and 1960s saw companies like General Motors introduce robotics on shop floors. These developments, however, will pale in comparison to what is in store for the human workforce a few decades from now, given the acceleration in capabilities of software automation and artificial intelligence (AI) driven predictive algorithms.
The Rise Of The Robots—Technology And The Threat Of Mass Employment by Martin Ford is a well-researched attempt to […]
Full Post at www.livemint.com
Reprinted with Permission
The Association for Advancing Automation recently published a white paper discussing the impact of industrial robotics on productivity and employment in the manufacturing industry. We would like to share our thoughts about its main findings.
Figure 1 below illustrates the evolution of robot shipments and employment for almost 20 years. The relationship between those two is clearly visible. As the robot shipments slowed down (blue bars), like in 2001-2002 and 2007-2010, so did nonfarm employment (green bars). . The industrial robot shipments are linked with the growth in manufacturing labor productivity, as it can be seen in […]
Full Post at www.roboticstomorrow.com
We’ve yet another little report on what’s going to happen when the robots come to steal all our jobs. This one at least makes the point that while there have been hiccups before, interregnums if you like, past advances in technology have not left large parts of the population without work. So, why should this time be different? Entirely true that, although of course the claim from the other side is that robots are different and so therefore so will this time be.
However, I still think that the basic story being told here is wrong. Not entirely wrong, it’s […]
Full Post at www.forbes.com