Tag: Services

World Bank: Automation won’t lead to redundancy

World Bank: Automation won’t lead to redundancy

Advances in automation, including increased use of artificial intelligence and robotics, are unlikely to lead to redundancy, according to a new report by the World Bank.

As the future of employment continues to change, The Changing Nature of Work report, notes that the increase of AI and automation has had a negligible impact on jobs at a global scale.

When it comes to technology’s impact on the economy and the job market, many believe that the advancement of AI and automation will lead to people losing their jobs.People working in the industrial sector have lost their jobs in advanced economies, but […]

Automation has had a negligible impact on jobs – World Bank

Automation has had a negligible impact on jobs - World Bank

#Automation & Jobs

The bank in its report said that while the technology is indeed eliminating many low-skilled jobs in advanced economies and developing economies, it is also creating opportunities for more creative and productive jobs. Automation is taking up the jobs is turning out to be a myth; senior industry leaders also suggest that technology and automation are complimenting the manual jobs. Chief Economist of the World Bank said , ‘The rise of automation has so far had a negligible impact on jobs at a global scale.’

“This fear that robots have eliminated jobs — this fear is not […]

World Bank: Automation won’t lead to redundancy

World Bank: Automation won’t lead to redundancy

Advances in automation, including increased use of artificial intelligence and robotics, are unlikely to lead to redundancy, according to a new report by the World Bank.

As the future of employment continues to change, The Changing Nature of Work report, notes that the increase of AI and automation has had a negligible impact on jobs at a global scale.

When it comes to technology’s impact on the economy and the job market, many believe that the advancement of AI and automation will lead to people losing their jobs.People working in the industrial sector have lost their jobs in advanced economies, but […]

Robots are not killing our jobs, says World Bank

Robots are not killing our jobs, says World Bank

HIGHLIGHTS

World Bank recently published its annual report titled World Development Report.

World Bank said that technology is eliminating many low-skilled jobs. World Bank also said that technology is paving way for new and altered jobs. Robots taking away the jobs of humans has been the biggest concern of the 21st century. Time and again, reports and statistics have talked about the pace of how robots were replacing human workers in the industries. But now a new report by the World Bank has shed some light in this regard and reaffirmed that the future is not so bleak after […]

The World Bank Says Robots Aren’t Killing Jobs Yet. Don’t Listen To It.

The World Bank Says Robots Aren't Killing Jobs Yet. Don’t Listen To It.

Photo: Natalie Behring / Getty The World Bank has released its annual World Development Repor t, and the headline news this go round, as relayed by Bloomberg and others , is basically that “Robots Aren’t Killing Jobs.” Which, good news, if true.

“This fear that robots have eliminated jobs—this fear is not supported by the evidence so far,” the World Bank’s Chief Economist, Pinelopi Koujianou Goldberg, told Bloomberg . More specifically, the report notes that for every job that’s been lost, new ones have been created. “This is the fourth industrial revolution, there have been three before, and in each […]

How self-employed home buyers successfully get mortgages

How self-employed home buyers successfully get mortgages

Homeownership down among self-employed, but that’s not the whole story

According to the Urban Institute, “At all income levels, mortgage use and homeownership rates declined more for self-employed households than for salaried households between 2001 and 2016.” There are many reasons for this, but there is also good news for self-employed home buyers. If you’re one of them, you have options in 2019.

Verify your new rate (Jan 2nd, 2019) The news is not bad Self-employed home buyers often worry about their ability to qualify for mortgage financing. However, as someone who last held a full-time job in 1972, […]

Turning on the taps of global talent pipelines

Turning on the taps of global talent pipelines

We report from the CIPD 2018 conference on the changes in recruitment that will be created by AI technologies thereby reducing the skills gap. This article is taken from the latest issue of Relocate magazine. – the must read for HR, global managers and relocation professionals. Getting the right people in the right place at the right time is becoming more pressured. Survey after survey point to low applicant rates, high numbers of unfilled vacancies and skills shortages in key sectors. Brexit takes it to another level in some sectors. But could this be about to change? Ruth Holmes […]

THE CHANGING NATURE OF WORK

THE CHANGING NATURE OF WORK

Print Edition

Features As technology advances, firms adopt new methods of production, markets expand, and societies evolve. Firms rely on new technologies to better use capital, overcome information barriers, outsource, and innovate. Workers, firms and governments are building new comparative advantages as conditions change. For example, by being the first to adopt 3-D technologies, Danish firms strengthened their hold on the global market for hearing aid products in the 2000s.

The Indian government invested in technical universities across the country, and subsequently India became a world leader in high-tech sectors. By integrating into global value chains, Vietnamese workers developed […]

Technology, employment and work organisation

Enrique Fernández-MacÃas 1

European Commission’s Joint Research Center, Seville

I would like to say a few words on what I think is the elephant in the room in the debates on the impact ofdigital technologies on employment: work organisation.1. The unit of automation is tasks, not jobs. In the majority of cases, jobs are not only bundles oftasks. There is a lot of uncertainty and indetermination in productive processes, and mostworkers are required to be able to deal with that uncertainty on top of the bundle of tasks thattheir job may entail. But even the most advanced forms of artificial intelligence […]

Studies examine automation and its impact on U.S. jobs

Studies examine automation and its impact on U.S. jobs

Shutterstock photo Computerized automation has been replacing people in jobs across the U.S. for years. But could automation replace as many as 65 percent of jobs in the Las Vegas service industry over the next 20 years? And should workers be concerned about that possibility?

After hearing that high number in class, UNLV Harrah College of Hospitality graduate student Ok Yung "Beth" Wi set out to find out if that’s possible.

“In the beginning, I wanted to defend that robots will never be able to replace people, but it’s happening,” Wi said, according to the University of Nevada Las Vegas Campus […]