Tag: Services

Bad News: Automation Will Terminate Many Millennial Jobs

Bad News: Automation Will Terminate Many Millennial Jobs

Terminator Genisys Millennials supporting the minimum wage hike trends better rethink themselves, because a new report from Gallup shows that many of those entry-level jobs will be terminated by robots. No telling if they’ll be back. A Gallup study said that 37 percent of millennials are at “high risk” of being replaced by either artificial intelligence (AI) or automation. The news is slightly better at 32 percent for Generation X and Baby Boomers. The five percent divergence rate is because millennials lack work experience, where older generations are more likely to hold higher-ranking positions. The study said that only […]

Disappearance of Work: QuickTake

Thirteen years ago, two prominent U.S. economists wrote that driverless cars couldn’t execute a left turn against oncoming traffic because too many factors were involved. Six years later, Google proved it could make fully autonomous cars, threatening the livelihoods of millions of truck and taxi drivers. Throughout much of the developed world, gainful employment is seen as almost a fundamental right. But what if, in the not-too-distant future, there won’t be enough jobs to go around? That’s what some economists think will happen as robots and artificial intelligence increasingly become capable of performing human tasks. Of course, past technological […]

Automation’s Destruction Of Jobs: You Ain’t Seen Nothing Yet…

Automation's Destruction Of Jobs: You Ain't Seen Nothing Yet...

Authored by Charles Hugh Smith via OfTwoMinds blog,

Employers have no choice: it’s innovate/automate or die.

Automation–networked robotics, software and processes–has already had a major impact on jobs. As this chart from my colleague Gordon T. Long illustrates, the rise of Internet technologies is reflected in the steady, long-term decline of the labor force participation rate– the percentage of the populace that is actively in the labor market. The oft-repeated fantasy is that every new wave of technological innovation creates more jobs than it destroys. Not this time: the total number of full-time jobs has stagnated for […]

Amazon’s Real Agenda Behind Whole Foods Bid

Amazon's Real Agenda Behind Whole Foods Bid

There’s always a fine line between creative disruption and creative destruction. Such is the beastly nature of capitalism.

Amazon.com Inc. ‘s nearly $14 billion bid for Whole Foods is about more than just acquiring a means to sell high-end food products online. It’s about busting the supply chain in an ancient business.

I have no direct knowledge pipeline into Amazon’s strategy for acquiring Whole Foods , which is known for overpriced, organic products. But it’s clear that they want to re-invent the grocery business and create a new business model. There are several positive and negative scenarios. Jeff Bezos, chief […]

Should Whole Foods Employees Fear Amazon?

Should Whole Foods Employees Fear Amazon?

Employees at Whole Foods Market have expressed concerns over Amazon’s proposed acquisition of the grocery chain. Whole Foods is known for its inclusive decision making, good pay, and benefits. Grocery store employees expressed their fears to Reuters that Amazon’s profit-driven business model and inclination for automation may result in layoffs.

Bloomberg reports , via an anonymous source, that Amazon plans to implement technology to eliminate cashiers in order to cut costs. An Amazon spokesman disputes that report saying there are “no plans to use no-checkout technology to automate the jobs of cashiers at Whole Foods and no job reductions are […]

Tourism is booming in the nation’s capital. So why aren’t hotel jobs?

Tourism is booming in the nation’s capital. So why aren’t hotel jobs?

At the Marriott world headquarters, the hotel operator has created an “Innovation Lab” to build prototype room arrangements that respond to the changing tastes and needs of customers. (Michael S. Williamson/The Washington Post) Tourism is thriving in the nation’s capital, with the District’s visitors bureau declaring a record year for U.S. foot traffic in 2016. But at Washington’s hotels, hiring has been more or less flat for two decades.

The region’s hotel industry employs only about 5,400 more people today than it did in 1990, a tiny increase for a region the size of the Washington area. And when calculated […]

The jobs artificial intelligence will take over first

The jobs artificial intelligence will take over first

In the US, close to 15 million new jobs will be created over the next decade as a direct result of automation and artificial intelligence, according to estimates in a new report from Forrester Research The robotic revolution is set to cause the biggest transformation in the world’s workforce since the industrial revolution. In fact, research suggests that over 30% of jobs in Britain are under threat from breakthroughs in artificial intelligence (AI) technology.

With pioneering advances in technology many jobs that weren’t considered ripe for automation suddenly are. PWC Data has revealed how many jobs per sector are at […]

Forget Coal, the Robots Are Really Coming For the Retail Jobs

Forget Coal, the Robots Are Really Coming For the Retail Jobs

IDFK303/Getty Images President Trump has indicated that retaining and restoring jobs in manufacturing and coal is a top priority for his administration. Automation is the biggest threat to those industries — but mining and manufacturing aren’t the only sectors under siege from the robots.

In fact, retail workers could be among the hardest hit by automation in the coming decade. Up to 47 percent of current retail workers could be replaced by machines over the course of the next 10 years, according to the results of an extensive study released last month. As many as 7.5 million workers could lose […]

The robots are coming: here are some jobs that won’t exist in 10 years

The robots are coming: here are some jobs that won’t exist in 10 years

The World Economic Forum forecasts that 5.1 million jobs will be lost to machines between 2015 and 2020. Photo: Sunny Lee The tech industry has already already embedding cognitive (conscious mental activities such as human thinking, understanding, learning) AI into a variety of products. Photo: Alamy AI is now at the centre of a myriad of real world applications, from facial recognition software and cybersecurity to more futuristic technologies such as autonomous self-driving vehicles. Photo: AFP An engineer holds the head of Samantha, a sex doll packed with artificial intelligence providing her the capability to respond to different scenarios […]

When It Comes to Automation, Wall Street Needs to Learn from the Rust Belt

When It Comes to Automation, Wall Street Needs to Learn from the Rust Belt

This article was written by Devin Gharibian-Saki, Chief Solution Officer at Redwood Software.

It’s an innovative change that has already started slipping into reality: Wall Street’s corporations are waking up to the potential of automation and robotics in their workplaces. New automation software and integrations for robotics are filtering into Wall Street and, as a result, are implying a need for change in the industry. Manufacturing

Rust Belt cities like Detroit, Cleveland, Pittsburgh, and Buffalo have already seen the effects of automation on their respective workforces. Manufacturing jobs that once inundated these cities saw robotics and automation exert robust […]