Recent advancements in robotics and artificial intelligence have some experts worrying about the coming obsolescence of the human worker. Some are even calling for a universal basic income provided by the government for everyone, under the assumption that work will become scarce. But economists seem to have a pretty different view from the futurist and Silicon Valley types.
One of the reasons that economists are skeptical is because much of the fear that has recently been stoked in the media is familiar. Every few decades, predictions about the “end of work” have pervaded public discourse, and they’ve always been wrong. […]
On Wednesday, government IT experts at GovLoop’s online training “How Automation Creates Full-Organization Effectiveness” were pleased that over half, or 58%, of respondents said they were not worried about losing their jobs to automation.
Duane Schell, Chief Technology Officer for the state of North Dakota, said he was not surprised. “Is there some fear? Obviously yes. But that’s certainly not the objective,” Schell said, who spoke at the session in Gov’s IT Evolution Virtual Summit .
“The objective is to try and provide better services to citizens and allow employees to play to their strengths for important work,” he added.Admittedly, the […]
Every day, global trends are reshaping society and the business landscape. Here are 10 insights into how the world is changing—and where we are heading. 10 Global Insights into a Transforming World from 2019
Every day, global trends are reshaping society and the business landscape.
Today’s infographic from McKinsey Global Institute (MGI) presents a snapshot of 10 insights into how the world is changing, based on its research work from 2019.How did we get here, and where are we going? A Connected World in Flux Globalization is making the world “shrink” every day, as humans and trade become increasingly connected. […]
As 2020 gets underway, employment in both Europe and the United States is at a record high and still rising.
The job losses from the 2008 financial crisis and subsequent recession have been all but reversed. But you wouldn’t know it from the public mood in many developed countries. With so much good economic news, why is public sentiment so gloomy?
New research by the McKinsey Global Institute takes a deeper look at the advanced economies to determine how individuals’ experiences as workers, consumers, and savers have changed over the past 20 years.There is much to cheer about, including new opportunities […]
Do not buy the headlines. At a time when India is struggling with an unprecedented job crisis, at least one industry has not gone slow on hiring.
The nearly $200 billion Indian IT services industry created over 200,000 new jobs in 2019, up from 180,000 a year ago, industry body Nasscom said yesterday (Feb. 12). The sector now has a total workforce of 4.36 million.
Over seven in 10 CEOs believe 2020 will be another year of strong hiring, Nasscom’s survey of over 100 IT leaders found. “This is reflected in offers the industry is already making on campuses,” said Sangeeta […]
After a decade of recovery from the 2008 financial crisis, aggregate economic indicators across the OECD are looking bright, with GDP continuing to grow and employment reaching record levels. So why is public sentiment in the advanced economies so gloomy?
AMSTERDAM – As 2020 gets underway, employment in both Europe and the United States is at a record high and still rising. The job losses from the 2008 financial crisis and subsequent recession have been all but reversed. But you wouldn’t know it from the public mood in many developed countries. With so much good economic news, why is public […]
11 The writer is a development and technology policy consultant. ONE of the first concepts taught in economics is the circular flow of income: workers sell their labour to producers and receive income in return, which then flows back to producers in return for finished goods and services. This foundation sustains the modern economy. But the quest for higher profits accelerates the breakdown of this relationship between capital and labour. In its worship of the bottom-line, capitalism aims to drive labour costs ever lower through technological progress.
Joblessness and increasing inequality erode purchasing power and break down […]
oday employees work more productively than ever before. Let’s look at some of the emerging HR trends for 2020. The world of work has been changed drastically in the previous decade. So it’s no surprise that the role of HR has transformed too. Consider the impact of the 2008 recession and significant technological advances like internal social media networks that have changed how we work. Today employees work more productively than ever before.
2020 will be another big year for HR; HR will be influenced by new trends that may transform the sector. HR professionals need to keep an […]
Artificial Intelligence is leaping into the breach from voice-activated assistants to the projection of self-programming robots. The moment has brought humans to a point where they have replaced themselves from automation in a number of fields. AI and robotics have made their mark in every sector of life, whether it be home or workplace, hotels or industries, hospitals, or battlefields. AI is being used excessively in every field of life, and the time has arrived when we should fear if it takes over our jobs. Taking over the jobs doesn’t mean the ease of life, but analyzing it critically […]
Automation has a significant impact on how business operations are handled. Throughout decades, we have constantly strived to figure out ways to work smarter and get things done faster.
With technology accelerating at an incredible speed—leading us to the Fourth Industrial Revolution—it’s no wonder we’ve consistently sought ways to eliminate repetitive tasks and focus our efforts on areas that require brainstorming and creativity.
Mass automation is a big part of our world, and will continue to shape the economy moving forward. Raconteur recently released an infographic detailing the age of automation and its profound influence. According to their research, remote communication […]