Tag: robot

Half of today’s work activities could be automated by 2055 – McKinsey

Half of today’s work activities could be automated by 2055 – McKinsey

The McKinsey Global Institute (MGI) issued the report “A future that works: automation, employment, and productivity” which assesses the economic impact of these factors.

Advances in robotics, artificial intelligence, and machine learning are ushering in a new age of automation, as machines match or outperform human performance in a range of work activities, including ones requiring cognitive capabilities. In this report, part of our ongoing research into the future of work, we analyze the automation potential of the global economy, the factors that will determine the pace and extent of workplace adoption, and the economic impact associated with its […]

GM, Wal-Mart Were Already Aboard Trump’s Jobs Train

GM, Wal-Mart Were Already Aboard Trump's Jobs Train

(Bloomberg Gadfly) — Dealing with Donald Trump’s Twitter rants is a new phenomenon for U.S. companies. For many of his favorite targets, creating jobs isn’t.

General Motors Co. and Wal-Mart Stores Inc. on Tuesday became the latest corporations to talk up the part they’re playing in the president-elect’s plan to become "the greatest jobs producer that God ever created." GM largely just summed up U.S. spending plans that had been in the works for a while, but it did so with panache , touting a $1 billion headline number and pledging to create or retain (emphasis on retain ) about […]

Robots will take jobs from humans, but later than thought

Robots will take jobs from humans, but later than thought

A World Bank study that came out in October 2016 said automation threatened 69 per cent of jobs in India and 77 per cent in China. World Bank president Jim Kim mentioned it during a discussion at the Brookings Institution. The report came at a time when automation claimed its first casualty in India as textile giant Raymond announced its decision to cut its workers. Last October Raymond decided to replace 10,000 of its workers, nearly two-thirds of its total workforce with robots. The news sent shockwaves across the industry, as it was the first sign of automation taking […]

Report: Automation Threatens Jobs, But Not Necessarily Employment

Report: Automation Threatens Jobs, But Not Necessarily Employment

Economists long worried about the impact of increasingly sophisticated industrial technology on the manufacturing workforce.

A newly released report, however, suggests that widespread unemployment due to automation appears unlikely — and notes that the global economy went through similar overhauls before.

"As processes are transformed by the automation of individual activities, people will perform activities that complement the work that machines do, and vice versa," researchers from the McKinsey Global Institute wrote in their report, titled "A future that works: Automation, employment, and productivity." The analysis argued that any forecast regarding automation, robotics or artificial intelligence should look not at individual […]

Fears that robots are coming for all our jobs are overdone, says McKinsey

Fears that robots are coming for all our jobs are overdone, says McKinsey

The robots are not really taking over Fears that robots are coming for all our jobs are overdone, and the automation of the workplace will take far longer than some are predicting to arrive.

That’s according to consulting firm McKinsey & Co., which on Tuesday published a report finding that, even as automation becomes more common, humans will still be needed to work alongside new technologies.

See: The robots are coming for your investments — why that might not be a bad thing “While much of the current debate about automation has focused on the potential for mass unemployment, predicated […]

Time to get real about automation and the future of work

Time to get real about automation and the future of work

My colleagues and I have written extensively about the mounting evidence that a bachelor’s degree is an essential educational credential for job security in the 21st century workforce, but whenever we do I brace for caustic feedback from skeptics in the comments section.

Our critics often point to the economic stability they enjoy because they were trained for a high-paying skilled trade jobs as evidence that we’re dead wrong about the value of a college education. But here’s the thing: The work landscape they knew yesterday -and know today -is rapidly changing, and only those who are brave and smart […]

McKinsey Study: Current Tech Could Automate Half of Paid Jobs Worldwide

McKinsey Study: Current Tech Could Automate Half of Paid Jobs Worldwide

A new study from McKinsey Global Institute estimates nearly half of activities employees carry out in the world’s workforce at approximately $16 trillion in wages could be automated with the use of currently demonstrated technologies.

McKinsey Global Institute said Thursday the report on “A future that works: Automation, employment, and productivity” has estimated automation to raise productivity growth by 1.4 percent annually.

The report says every occupation has the potential for partial automation and the opportunities most susceptible to automation include physical ones in manufacturing, food service and retail trades.The report added that expansion of robotics, artificial intelligence and machine learning […]

Television First–Tucker Carlson And Thomas Friedman Talk About Immigration And Automation

Television First–Tucker Carlson And Thomas Friedman Talk About Immigration And Automation

Tucker Carlson interviewed New York Times columnist Tom Friedman a few days ago about his new book, “ Thank You for Being Late: An Optimist’s Guide to Thriving in the Age of Accelerations . ” The discussion was about technology, which is the cause of the accelerations from the book title.

Carlson has a new prime-time show on Fox News, and he has apparently been given a degree of freedom about topics to explore, although he has not hit immigration much thus far. On the morning show he once inhabited, he showed a fair amount of interest in mass immigration […]

Blame Displacement Of Jobs On Automation Not Offshoring And Immigration

Blame Displacement Of Jobs On Automation Not Offshoring And Immigration

Each weekday, we present to you the Digital Media / Digital Marketing , news and slanting TV ads followed by BLIVEHUBTV , an organization that lists, labels and measures action around TV advertisements continuously.

The new wave of automation

As the world market continues to reach unprecedented levels of artificial intelligence and technological advances in robotics, we must at the same time reach an agreement with the fact that our technology has a fundamental understanding of what is being challenged. The technology was once regarded as a tool, it promoted the progress of mankind. Today, technology threatens the employment and job […]

Six things to expect at work in 2017

Six things to expect at work in 2017

Like so many things for the year ahead, many changes coming to the workplace are surrounded by questions. If Congress repeals or replaces the Affordable Care Act, what will that mean for employee health insurance? Will companies still have to publish the potentially embarrassing CEO-to-worker pay ratio, or will that part of the Dodd-Frank act be repealed, too? Will my employer or state join the bandwagon of those who have recently expanded paid parental leave?

And of course: When will the robots come for my job?

The answers to many of these questions are unknown. Congressional Republicans have already begun trying […]