Tag: robot

How to Protect Workers From Job-Stealing Robots

How to Protect Workers From Job-Stealing Robots

A robot and a human work side by side. There is a lively debate happening across various corners of the internet and the hallways of academia: In the coming decades, will advances in Artificial Intelligence (AI) render human labor unnecessary?

At first blush, economic data suggest little reason to worry. American businesses in recent years have needed more and more humans: 15 million new private-sector jobs have been created since early 2010. At the same time, what economists refer to as labor productivity (economic output per human hour worked) has grown disappointingly slowly. If robots were on track to replace […]

Robots versus immigrants: which group would “steal” the most British jobs?

Robots versus immigrants: which group would “steal” the most British jobs?

Angry robots surrounded by EU stars By 2035, you’ll be lucky to have a job. According to the Bank of England’s chief economist , nearly half of all British workers will be replaced in the next two decades. But by who?

If you base all of your worldly judgements on the rants of your drunk uncle Nigel and the fact you can now get pierogi in Tesco, then the answer is easy: immigrants.

If you pay closer attention to global trends (and the self-checkout machine you use to buy your pierogi in Tesco), then the answer is very different: robots.As far […]

Automation will end the dream of rapid economic growth for poorer countries

Automation will end the dream of rapid economic growth for poorer countries

Humanoid robots working side by side with employees on an assembly line at a factory. Photograph: Issei Kato/REUTERS For a long time – at least since the economic emergence of South Korea in the 1960s – many low-income countries have been able to achieve rapid economic growth through industrialisation.

The process usually starts with low-end manufacturing (apparel, footwear, plastics) and entails large numbers of workers moving from low productivity smallholder agriculture to high productivity export manufacturing.

Industrialisation has helped to drive an unprecedented convergence between rich and poor country wealth levels. By the early 2000s, 83 developing countries were achieving growth […]

Will IoT and robotics mean less work for farmers?

Will IoT and robotics mean less work for farmers?

Decline in unskilled workers may be offset by technology-centric roles.

Will the Internet of Things and robotics lead to a reduction in agriculture jobs in the future? According to a panel of industry experts, the goal of these emerging technologies is not to replace a human workforce, but to augment it.

The experts shared their thoughts at the recent IoT and AgTech Summit in Sydney, co-hosted by KPMG and the Australia-Israel Chamber of Commerce (AICC).“Our aim with technologies such as robotics is not to replace the farmers themselves, but to make them more productive, give them decision support tools for […]

India Witnesses Major Job Cuts Despite Having Fastest Growing Economy

India Witnesses Major Job Cuts Despite Having Fastest Growing Economy

Indian flag #WorkersStrikeBack: 180 Million Indian Workers Strike for Higher Minimum Wage (PHOTO) New Delhi — Despite claiming to be one of the fastest growing nations in the world, every day 389 people are losing their jobs in India. According to a study conducted by ASSOCHAM-Thought Arbitrage, around 70,000 workers were let go in the second quarter of 2015.

Livelihood opportunities in export units particularly shrank during this period. While the slowdown in global demand compelled some employers to conduct layoffs, the reduction was facilitated by the increasing contextualization of jobs as well as automation in some sectors.

“….There is a […]

Raymond to lay off 10,000 people to give way to automation; shares rise

Raymond to lay off 10,000 people to give way to automation; shares rise

People passing by the Bombay Stock Exchange (BSE) building in this file photo of May 9, 2016 (representational image). Raymond, India’s branded textile company, on Friday said it plans to cut about 10,000 jobs over the next three years. The jobs will then be replaced with robots and automation technology.

The Mumbai-headquartered firm said that the company has a workforce of 30,000 staff across 16 manufacturing plants in India.

"Roughly 2,000 work in each plant. Through technological intervention we are looking to scale down the number of jobs to 20,000 through multiple initiatives in technology. One robot could replace around 100 […]

10,000 Jobs Will Be Replaced By Raymond With Robots In Next 3 Years

10,000 Jobs Will Be Replaced By Raymond With Robots In Next 3 Years

This is an excellent example to illustrate how Automation has jobs in an industry. Raymond has announced that 10,000 jobs in the company will be replaced by robots.

Raymond CEO Sanjay Behl, describing the move, pointed out that the company employs over 30,000 staff in their 16 manufacturing plants in the country. He further added, “Roughly 2,000 work in each plant. Through technological intervention, we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around 100 workers. While it is happening in China at present, it will also happen […]

Raymond to replace 10,000 jobs with robots in next 3 years

Raymond to replace 10,000 jobs with robots in next 3 years

Behl said that a closely monitored team is working on this technology implementation models. CHENNAI: Automation has claimed its first casualty in India. Textile major Raymond is planning to cut about 10,000 jobs in its manufacturing centres in the next three years, replacing them with robots and technology.

Explaining the move, Raymond CEO Sanjay Behl said the company employs over 30,000 staff in their 16 manufacturing plants in the country.

"Roughly 2,000 work in each plant. Through technological intervention we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around […]

Job Automation Will Cost 6% of US Jobs in 5 Years

Job Automation Will Cost 6% of US Jobs in 5 Years

Job automation will cost 6% of all jobs in the U.S. by 2021. That’s nearly 8.9 million jobs in five years. The 6% figure is according to a new report by Forrester Research . According to the study, the job loss won’t be uniform across all fields, industries and positions. However it also won’t be limited to manufacturing as it has in the past. Rather, Artificial intelligence (AI), robots, automation and machine learning will destroy vastly more than 6% of jobs in select industries like transportation (think driverless Uber) and trucking, customer service, logistics and consumer services. Jobs in […]

Robots May Take Millions of US Jobs by 2021

Robots May Take Millions of US Jobs by 2021

HowStuffWorks Now: Robots Want Our Jobs HowStuffWorks

Here’s a scary prediction: By 2021, automation will eliminate 6 percent of all jobs in the United States. But that’s where we’re heading, according to a recent report published by Brian Hopkins, an analyst at Forrester Research . To put that into perspective, there are about 144.6 million jobs in the country, the Bureau of Labor Statistics reports. If the employment rate doesn’t change in the next five years, that would mean machines could take nearly 8.7 million jobs.

That technology eliminates some jobs is undeniable. But it also can create new […]