Tag: Services

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 […]

AI Is Less Of A Threat Than Some Suggest

AI Is Less Of A Threat Than Some Suggest

NTT Docomo 5G robot mirroring the operator’s movements doing calligraphy, during the Mobile World Congress day 3, on February 28, 2018 . (Photo by Joan Cros/NurPhoto via Getty Images) While robotics and artificial intelligence (AI) promise great advances in productivity, mostly they seem to worry people. Commentators talk and write endlessly about how these marvelous technologies will steal jobs from both workers and the managerial class, creating a large unemployed population. If history has anything to say, however, and it does, such fears are not only exaggerated, they are off the mark entirely. Ultimately, AI will create more new […]

Why Artificial Intelligence Won’t Be as Bad—or as Good—as Everyone Thinks

Why Artificial Intelligence Won't Be as Bad—or as Good—as Everyone Thinks

The humanoid robot AILA (artificial intelligence lightweight android) operates a switchboard during a demonstration by the German research centre for artificial intelligence at the CeBit computer fair in Hanover March, 5, 2013. The biggest fair of its kind open its doors to the public on March 5 and will run till March 9, 2013. REUTERS/Fabrizio Bensch Robotics and artificial intelligence (AI) have fed two kinds of dreams, the first of the hopeful pleasant sort, and the other a nightmare. The first tells of great abundance, convenience and wealth. The other warns of job loss and widespread unemployment, among both […]

The Fed Can’t Save Jobs From AI and Robots

The Fed Can’t Save Jobs From AI and Robots

The day is coming, experts tell us, when artificial intelligence and robotics will massively disrupt the labor market. Autonomous vehicles will put 3.5 million truck drivers at risk of losing their jobs. Checkout machines may replace 3.4 million retail cashiers. That is only the beginning of the long list of jobs that will be destroyed by technological change.

The shift will not happen all at once, and most of the people who lose their jobs will eventually find new employment. The benefits of automation will include lower production costs, which will increase real incomes and job-creating consumer demand. But the […]

Does automation create jobs

QA Automation Engineer jobs at The If you are a tech professional who wants to directly apply for jobs, do NOT please create a new account to apply for jobs Are Robots Going To Kill Your Next Job Or were doomed by their hesitation to adopt automation. Search Brookings. As a result, many fear that technology is creating job-stealing robots. A new report from Citi and the Oxford Martin School explores the varying impact that automation of jobs will have on countries and cities around the world, in the near future and the coming decades. Forbes blogger Tim Worstall […]

Leveraging Automation in Job Redesign

Leveraging Automation in Job Redesign

Automation can be a friend in the workplace instead of an enemy. In this lesson, you’ll learn more about ways to leverage software and technology to redesign the responsibilities of team members. Robots in the Workforce

You’ve seen the headlines and probably heard your friends talking:

‘Robots will take 800 million jobs…”The future is automated and we’re all at risk…”The automation apocalypse is upon us…’The idea that robots are going to displace human workers, virtually taking over all industries and eventually the planet is hyperbole of the highest order. But, that doesn’t mean that automation isn’t around. Automation is the […]

Artificial Intelligence bane or boon: Task Force to define

Artificial Intelligence bane or boon: Task Force to define

With the establishment of the Artificial Intelligence Task Force last year, India has taken its first step in the simulated world of immense possibilities. The Ministry of Commerce and Industry has submitted a detailed report speaking about the usage of Artificial Intelligence in multiple fields and its aim to transform India’s economy. The report submitted by the Ministry is meticulous and invariably states all the aspects of human existence like pharmaceuticals, Defence, technology, household, entertainment, education, environment, farming, finance and many more. The report mentions the usage and benefits of Artificial Intelligence in all these arenas. It is definitely […]

The future of factory jobs

The future of factory jobs

Not your grandfather’s manufacturing: Industry 4.0 is giving Singapore manufacturing a new lease of life – but with different jobs in tow. Can the skills keep up? BT ILLUSTRATION: SIMON ANG

PEOPLE are usually surprised when they find out that 49-year-old Azizul Syed is an assistant robotics engineer.

"Most would expect someone much younger – they are either supportive or sceptical," says Mr Azizul, who has worked for more than 20 years in German sensor manufacturing firm Pepperl+Fuchs. But he takes their expectations and assumptions in his stride. As an industry veteran, he has seen first-hand how the manufacturing landscape has […]

Quality, meaningful future work hinges on human-machine ‘complementarity’

Quality, meaningful future work hinges on human-machine 'complementarity'

Massage therapists, breathe easy. Robots won’t steal your job. They don’t have the empathy, manual dexterity or ability to ask the right questions. Radiologists, take notice . A tool wired with machine learning algorithms can easily interpret medical images using computer-aided diagnosis systems.

But there are 26 other tasks radiologists do that machines can’t do well, such as administering conscious sedation during procedures or developing treatment plans, said Erik Brynjolfsson, director of the MIT Initiative on the Digital Economy. He was sharing results of a study on tasks in various jobs that can be done well by machines, at the […]