Tag: Services

Fewer manufacturing jobs expected as industry gets more specialised

Fewer manufacturing jobs expected as industry gets more specialised

Food and beverage products make up 71 per cent of all manufactured goods exports and have shown consistent growth over the last decade. There will be fewer manufacturing jobs in the long term, but they will be more highly-skilled, a report by the Ministry of Business, Innovation and Employment forecasts.

The disruption and innovation within the manufacturing industry is being referred to as the "fourth industrial revolution" and it’s expected to create safer specialised jobs, as robots undertake more hazardous tasks and increase efficiency and therefore profitability, the report says.

Driving these changes will be augmented and virtual reality, automation, the […]

ADB says automation’s benefits will outweigh its negatives

ADB says automation's benefits will outweigh its negatives

Tharman blasts HR in Budget attack on ageism HR leaders have been urged by Deputy PM Tharman Shanmugaratnam to stop their “unstated discrimination” against older workers looking for jobs.

Are you asking illegal interview questions? Have you ever asked a job applicant how old they are? If you have, you might be breaking the law. A leading Singapore employment lawyer looks at which interview questions could land you in hot water.

As technological advancements promise to transform the future workplace, should professionals be worried about losing their jobs to robots and AI?According to the Asian Development Bank […]

What does automation mean for Asia’s job prospects?

What does automation mean for Asia’s job prospects?

This article was originally published by Devex and is republished with permission.

MANILA — Almost every industry talks about the potential of automation to boost productivity and cut down on production costs. But the new technologies spurring these incentives, such as robotics, are also posing threats — not just for unemployment, but also in widening the gap in worker opportunities and income inequality. Click here to see a larger version of the chart. Developing Asia’s industry and services sectors have generated about 30 million jobs annually over the past 25 years, according to the Asian Development Bank’s flagship report, […]

Which are the jobs that the robots will steal?

Which are the jobs that the robots will steal?

Robots reduce hours worked and wages for low- and middle-skilled workers, but has no significant effect on high-skilled workers. Photo: Bloomberg Will the Fourth Industrial Revolution and widespread automation lead to job losses in countries such as India? Some reports have been alarming—a paper by Frey and Rahbari said China risks losing 77% of jobs to automation, while India risks losing 69%. Thankfully, a new study by the Asian Development Bank on how technology affects jobs gives us hope.

Since fears of job losses have been with us since the days of the Luddites, the key question is: is the […]

The jobs in South Africa most at risk of total digital automation – and the skills you need to learn to remain relevant

The jobs in South Africa most at risk of total digital automation – and the skills you need to learn to remain relevant

With 35% of all jobs in South Africa – almost 5.7 million – currently at risk of total digital automation within a mere seven years, the country could see a crippling effect compounded by a fragile economy and growing unemployment.

This is according to Dr Roze Phillips, Post Graduate Diploma in Futures Studies alumnus from the University of Stellenbosch Business School (USB) and MD for Accenture Consulting in Africa, who says that the country needs to act now to ensure that humans and machines can work together in the future.

“Our research shows that if South Africa can double the pace […]

The impact of job automation in South Africa

The impact of job automation in South Africa

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But what we do have is the desire to better ourselves and be forward thinking. Jan 24, 2018 New research from Accenture highlights the impact of digital technologies on jobs and economies. 25 Jan 2018 Moreover, local bosses warn of potential staff cuts due to automation and other technology in the future. How changes in technology and automation will affect the labour market in Africa. […]

Does everyone really need a job? Why we should question full employment

Does everyone really need a job? Why we should question full employment

Lots of work needs to be done, but do we all need to work 40 hour weeks? (Photo by Mike Kononov and Solomon Hsu on Unsplash)

The idea that diligence is a virtue and that a person who doesn’t work full time is morally suspect is a common one. Phrases like “idle hands are the tools of the devil” suggest to us that work is inherently good and that if we don’t work full-time then we have somehow failed. For many people, unemployment is as much something to be ashamed of as it is an economic problem. It is no […]

Would slashing the trade deficit with China create jobs in the U.S.?

Part three of a three-part interview with Professor Masao Suzuki

This is part three of a three-part interview. Click for part one and part two of this interview.

Fight Back!: President Trump seems intent on risking on a trade war with China in order to narrow the U.S. trade deficit. Trump thinks the U.S. trade deficit means that the U.S. is a loser, and by bringing down the trade deficit the U.S. economy will grow by the same amount, creating jobs and income here in the U.S. What do you think? Masao Suzuki: I think that this is […]

Asia’s Workers Will Benefit from New Technologies, but Government Action is also Needed

Asia’s Workers Will Benefit from New Technologies, but Government Action is also Needed

Technological advances have transformed the two billion worker Asian labor market, helping create 30 million jobs annually in industry and services over the last 25 years, drive increases in productivity and wages, and reduce poverty, says a new report by the Asian Development Bank (ADB).

New research on how technology affects jobs, the subject of the special theme chapter in the Asian Development Outlook (ADO) 2018 report, points out that while some of the region’s jobs will be eliminated through automation, countervailing forces will more than compensate against job losses. ADO is ADB’s flagship economic publication.

“ADB’s latest research shows that, […]

What Do You Suggest for the Post-Employment Economy?

What Do You Suggest for the Post-Employment Economy?

Let’s go ahead and say this guy is overstating the case. If it’s even close to what he projects, then how do we deal with this as a society? It is no longer in question whether all jobs will be automated, the head of the Institute for New Economic Thinking said Tuesday. The real question rests in when that automation will occur and which sectors of society will be affected sooner than others.

“Today, it would be possible to automate 50% of all work activities, and by about 2060, we’ll definitely be capable in physical possibility have reached a […]