Tag: Services

Are we edging towards a ‘universal basic income’? Tesla boss Elon Musk says cash handouts from governments ‘will be necessary’ as AI takes over human jobs

Are we edging towards a 'universal basic income'? Tesla boss Elon Musk says cash handouts from governments 'will be necessary' as AI takes over human jobs

Billionaire Elon Musk has said cash handouts ‘will be necessary’ if robots take human jobs, in his latest flurry of tweets.

Musk made the comment in response to a question from a Twitter user about whether he supported universal basic income (UBI) – a cash handout that could be given to people irrespective of their employment.

Musk believes UBI could be a possible solution for unemployment caused by machines taking over the workforce.Scroll down for video Billionaire Elon Musk has said cash handouts ‘will be necessary’ if robots take human jobs, in his latest flurry of tweets Billionaire Elon Musk has […]

Are we edging towards a ‘universal basic income’? Tesla boss Elon Musk says cash handouts from governments ‘will be necessary’ as AI takes over human jobs

Are we edging towards a 'universal basic income'? Tesla boss Elon Musk says cash handouts from governments 'will be necessary' as AI takes over human jobs

Billionaire Elon Musk has said cash handouts ‘will be necessary’ if robots take human jobs, in his latest flurry of tweets.

Musk made the comment in response to a question from a Twitter user about whether he supported universal basic income (UBI) – a cash handout that could be given to people irrespective of their employment.

Musk believes UBI could be a possible solution for unemployment caused by machines taking over the workforce.Scroll down for video Billionaire Elon Musk has said cash handouts ‘will be necessary’ if robots take human jobs, in his latest flurry of tweets Billionaire Elon Musk has […]

The rise of the “Automacene”: How robots will define the next epoch in human history

The rise of the “Automacene”: How robots will define the next epoch in human history

(Shuttestock/Salon) Forget the Anthropocene — the next epoch in human history will be defined by AI and automation. Are we ready?

I’ve always had a close relationship with robots — even a fondness for them. When I was a kid I had a Baby Alive doll, mass-produced in the 1970s by Kenner. The baby ate through its battery-operated mouth and subsequently pooped, a ridiculously simple simulation of the real-life care of a newborn. In the wake of an avalanche of news on the ethical implications of technology — whether that’s Google bowing out of the military’s Project Maven or […]

New Report Predicts Shift in Education System to Keep Up with Future Job Market

New Report Predicts Shift in Education System to Keep Up with Future Job Market

No compatible source was found for this media. A new report lists down changes needed in the education system so students will be ready to the evolving global economy. (Photo : OTA Photos | Flickr) Pearson and Jobs for the Future today released a new report entitled Demand-Driven Education , which identifies a new wave in postsecondary education reform required to adapt to the emerging global economy. Demand-Driven Education, the report argues, focuses on ensuring graduates are job-ready, hirable, and have access to rewarding careers over the course of their lifetime by ensuring career-long alignment between education and the […]

India, Get Ready for the Next Wave of Automation

India, Get Ready for the Next Wave of Automation

You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

The ‘automation’ term is the talk of the town for all the wrong reasons. Many big names like Elon Musk, Mark Zuckerberg , and Richard Branson have expressed growing concerns about the job losses from AI adoption or automation. With technology getting bigger, millions of job will be at risk in the coming decades.

A recent survey named ‘ Global Future of Work’ by Willis Towers Watson ( NASDAQ: WLTW ), a leading global advisory, broking and solutions company is echoing the same fear. According to the survey, workplace automation, including […]

New Report Predicts Shift in Education System to Keep Up with Future Job Market

To better understand the systemic change needed, Jobs for the Future (JFF), with the support of Pearson, conducted an in-depth review of the field, interviewing more than 20 education and workforce experts in the US and the UK. JFF also performed original research comparing the data from The Future of Skills with United States Bureau of Labor Statistics projections.

"As the future of work is realized, what makes us human is what will make us employable; education systems are already evolving to develop and measure the skills that matter, but there is much more that can be done," said Maria […]

Automation generates more jobs opportunities in Asia than it demolishes

Automation generates more jobs opportunities in Asia than it demolishes

According to a new report from the Asia Development Bank (ADB), new technologies like robots, automation, and Artificial Intelligence (AI) are creating more jobs in Asia than they destroy. Figure 1: The adoption of robotics and other connected systems stimulated higher productivity and economic growth, creating 134 million new jobs, compared with the 101 million lost to new technologies. Using productivity as a broad measure of technological advance, ADB’s input/output analysis of 12 economies in Asia found that, had output remained the same. Technology-driven increased productivity would have brought a 66 percent decrease in employment , equal to 101 […]

China to see more jobs in manufacturing, service sectors

Even with the rapid development of technology, especially in automation and artificially intelligence field, which can see tasks previously performed by humans taken over by robots, China is expected to create more jobs in both the manufacturing and service sectors, said an official from the World Bank.

"Since the global markets for manufacturing is expanding, our prediction is that the share of manufacturing jobs and the number of service jobs in China will continue to expand, much more than the last few years which were affected by the global financial crisis," said Simeon Djankov, director of the World Development Report […]

A radical trade prescription from the Federal Reserve: Stop complaining about China, and pay U.S. workers better

A radical trade prescription from the Federal Reserve: Stop complaining about China, and pay U.S. workers better

One doesn’t normally look to the Federal Reserve System for radical economic prescriptions, but it’s a good place to find reasoned economic analysis. A recent economic brief from the Federal Reserve Bank of St. Louis offers both: a solid explanation of the U.S. trade deficit, and advice to stop blaming China for the decline in U.S. manufacturing.

What makes this radical isn’t its substance per se, but its variance from Trump administration orthodoxy. Under the sway of Peter Navarro, an economist from UC Irvine, the Trump White House has treated the U.S. trade deficit with China as the whole economic […]

Employment 2: Technology Will Drive Value Added-jobs

Employment 2: Technology Will Drive Value Added-jobs

The pace of change, especially technological change, has never been this fast, yet it will never be this slow again. In the early 1900s, it was the Luddites smashing weaving machines. These days, retail staff worry about automatic checkouts. Professional drivers are already fretting over self-driving cars and trucks.

There is no denying the fact automation has been decimating more and more jobs every year. From supermarket cashiers to postal workers and travel agents, industries and jobs that were considered mainstays barely a decade ago are vanishing rapidly.

McKinsey Global Institute predicts that as many as 800 million jobs could be […]