Tag: Services

Robots predicted to force millions out of jobs

Robots predicted to force millions out of jobs

The world is has been warned: start planning for the eventual take-over of robots in the workplace, or risk a major jobs crisis.

A key figure in the Australian jobs market has delivered a dire warning, saying that the rate at which robots replace humans in the workplace will start an employment crisis.

The chief executive of Seek, said Aussie companies were in a position to lose, in an age when threats and opportunities from disruption were posing a challenge to all industries.Speaking to The Australian, Andrew Bassat urged policymakers and the media to urgently start this dialogue, and […]

Is India Ready for End to End Autonomous Mobility?

Is India Ready for End to End Autonomous Mobility?

Anuj Kapuria

Anuj Kapuria is the Founder & CEO at Hi-Tech Robotic Systemz Ltd and the Co-chair of Robotics Society of India.

More From The Author >> Be it self-driving cars or autonomous mobility in other spheres, as the nation makes rapid strides in infrastructure development and modernisation, it should soon be ready for autonomous vehicles. Autonomous Mobility has been making increasing inroads across many domains globally. In such a scenario, the traditional fear has been that automation will take away human jobs. But as empirical evidence demonstrated after the Industrial Revolution, while some job categories became redundant, […]

Need jobs? Get robots, and education right.

Need jobs? Get robots, and education right.

Jobs were in the center spotlight in this year’s election. Trump used it as a weapon against Hillary to mobilize the many millions of voters that felt as though technology, immigrants, and free trade had left them behind. Clinton suggested spending hundreds of billions to upgrade our infrastructure and make state colleges and Universities tuition-free.

However, Trump gave his audience something easier to chew on: a promise to bring back jobs from China and revive obsolete and otherwise dangerous jobs, such as mining. Both candidates chose to stay in the soundbite-friendly territories of minimum wage, taxes , and trade agreements […]

Stop Blaming Robots: Automation is Not Killing American Jobs

Stop Blaming Robots: Automation is Not Killing American Jobs

Chinese factory made international headlines two years ago by firing 90 percent of its workers, while simultaneously making 162.5 percent more stuff. How did they do it? Automation.

Since then the mainstream media has worked itself, and many Americans, into a frenzy over “job-stealing” robots. Automation will cause mass unemployment and poverty, they say. Therefore, we should tax the robots , and use the proceeds to fund a universal basic income—presumably administered according to the maxim from each according to his ability, to each according to his needs , or something like that. Even otherwise pro-business, economically literate publications like […]

As Men Make Way For Machines, Many A Jobs May Vanish

As Men Make Way For Machines, Many A Jobs May Vanish

The speed with which the idea of a Universal Basic Income is gaining adherents in the West should be a giveaway: a lot of jobs are simply not coming back, and there will be those who are permanently unemployable.

On a May trip to Paris and the San Francisco Bay Area, one of the things that startled me is the virtual extinction of various categories of jobs. Technology could well be the culprit, although I read somewhere that only a single official job classification has explicitly disappeared in the United States in the last 60 years: elevator (lift) operator. But […]

Robots stealing human jobs isn’t the problem. This is.

Robots stealing human jobs isn't the problem. This is.

Foreign Affairs Editor Gideon Rose discusses work and life in the age of automation. He speaks on "Bloomberg Surveillance." (Photo: Fabrice Coffrini, AFP/Getty Images) A 15-hour work week. That’s what influential economist John Maynard Keynes prophesied in his famous 1930 essay " Economic Possibilities for Our Grandchildren ," forecasting that in the next century technology would make us so productive we wouldn’t know what to do with all our free time.

This is not the future Keynes imagined.

Many higher income workers put in 50 or more hours per week, according to an NPR/Harvard/Robert Wood Johnson Foundation poll. Meanwhile, lower-income workers […]

Amazon Buys Out Whole Foods Market

Amazon Buys Out Whole Foods Market

Reprinted with permission from Creators .

Excellent news, folks: A decade after Wall Street greed crashed our economy and crushed the working class, jobs are suddenly plentiful!

As an Associated Press article joyously put it, “The U.S. job market has settled into a sweet spot of steadily solid growth.” At long last, the American dream is back for working families, right? Well … in a word: No. Further down in the article, AP’s sweet news turns sour with this little admission: “About all that’s still missing [in the jobs market] is a broad acceleration in pay.”In other words, you can […]

America Can Bring Back Factories, But Few Jobs, Says McKinsey

America Can Bring Back Factories, But Few Jobs, Says McKinsey

Manufacturing could rebound without employing many people

Automation makes cheap labor less crucial to producers

President Donald Trump is pushing to revive American manufacturing and bring back U.S. factory jobs. He may be able to deliver on half of that goal.American manufacturing could be poised to rebound as technological disruption shakes up global production chains, but that will offer little relief to displaced factory workers, according to new research by the McKinsey Global Institute.For years, companies have searched for cheap labor, shipping production jobs out of advanced nations and toward their developing counterparts. Now, McKinsey sees conditions […]

5 Simple Tips To Help You Survive The 4th Industrial Revolution

5 Simple Tips To Help You Survive The 4th Industrial Revolution

The 4 th industrial revolution is here, and it is completely transforming the way we live and work. This new world is fuelled by data and internet connected devices that are capable of collecting and processing ever-growing amounts of information.

Smartphones, digital cameras, sensors and social media now create more information than ever before. In fact, over the past 18 months we have created more data than in all of prior human history combined. More hours of YouTube videos are now uploaded every three minutes than all Hollywood studios produce in a whole year. Shutterstock This explosion of data is […]

Automation Impacting Earnings Distribution

Automation Impacting Earnings Distribution

If your main worry over automation is losing your job, history suggests you’ll probably be just fine. After all, even a century of unprecedented technological advancement in transportation, production and communication hasn’t caused labor’s share of national income to significantly budge.

Economists David Autor and Anna Salomons reckon that’s because the primary driver of employment has actually been population growth, despite all the emphasis placed in academic circles on how machines augment human labor as well as why they will ultimately replace us anyway, Bloomberg reported.

The bigger concern, they say, is how technological advances will affect earnings distribution. Essentially, the […]