Tag: Services

Automation Could End Meaningless Jobs—And None Too Soon

Automation Could End Meaningless Jobs—And None Too Soon

What makes your work valuable?

Does it fulfill you? Allow you to connect with or help people? Contribute to a greater good?Or does its value come from your income, which allows you to do other meaningful things?You probably know someone who has a bullshit job. Maybe you have one yourself. Anthropologist David Graeber estimates 20 to 30 percent of the workforce feels their jobs are meaningless, and he’s calling for an end to the era of bullshit jobs.Graeber’s call to overhaul how we think about work introduces a twist to the ongoing […]

Automation Threatens Jobs But Offers Financial Freedom

Automation Threatens Jobs But Offers Financial Freedom

Despite sensational headlines and opportunistic politicking regarding the threat automation poses to socioeconomic stability, with a fully informed, properly educated population, more opportunities than threats lie ahead of us in the near future.

Automation has since the Industrial Revolution replaced human jobs with machines. As technology advances and automation evolves, the socioeconomic landscape of human civilization has evolved with it.

For instance, the initial Industrial Revolution disrupted centuries of multidisciplinary crafts and trades where a cottage industry consisting of individuals or small groups of people carried out the entire process of production. As technology merges information with the physical world, processes […]

The U.S. will be hit worse by job automation than other major economies

"hit worse by job automation"

It’s like this place is backwards land, where all good things are recast as bad.

JOB AUTOMATION IS GOOD. It’s the reason wages have increased 20X since 1800.As we automate more tasks, that will free humans up to do more, leading to even more production. That’s what has happened over the last 200 years. There is nothing to suggest that it will not keep happening. We will never stop wanting newer, better and more advanced products/services, because of the hedonic treadmill. If we want to set up a civilization on Mars, we need to expand production […]

Will robots replace workers in the near future?

Will robots replace workers in the near future?

Those in wholesale and retail sectors in the UK are at highest risk from breakthroughs in robotics and artificial intelligence

Millions of workers are at high risk of being replaced by robots within 15 years as the automation of routine tasks gathers pace in a new machine age. A report by the consultancy firm PwC found that 30 per cent of jobs in Britain were potentially under threat from breakthroughs in artificial intelligence (AI). In some sectors, half the jobs could go. The report predicted that automation would boost productivity and create fresh job opportunities, but it said action was […]

The Age of Mass Unemployment Is Nigh, and That’s Not the Worst of It

The Age of Mass Unemployment Is Nigh, and That’s Not the Worst of It

HOMO DEUS: A Brief History of Tomorrow By Yuval Noah Harari Published February 21, 2017 Illustrated. 449 pp. Harper/HarperCollins Publishers. $35. Among the many scandals and comments that derailed Andy Puzder’s campaign to become Labor Secretary was an interview he gave after visiting a partially automated restaurant, where no human interaction is required.

The CEO of CKE Restaurants, which owns the Hardee’s and Carl’s Jr. fast-food chains, told Business Insider in May that he was investing in automation as a way to deal with rising labor costs due to an increase in the minimum wage, before offering a cynical explanation […]

Robots could take over millions of jobs in the next 15 years – report

Robots could take over millions of jobs in the next 15 years – report

© / www.globallookpress.com Millions of jobs in the UK are in jeopardy because of robots taking over various sectors of the labor market.

According to the latest report on the impact of automation on the UK’s labor force, up to 10 million jobs are at risk of being replaced by machines within 15 years. Artificial intelligence will create world’s first trillionaire – Mark Cuban Routine and/or manual jobs, such as those in bookkeeping or retail, are among those at higher risk of being cut because of ground-breaking developments in Artificial Intelligence (AI), according to consultancy firm PwC.

The UK Economic Outlook […]

Robots and AI ‘pose risk to ten million UK jobs’

Robots and AI 'pose risk to ten million UK jobs'

A recent report from PwC says that – although the UK has fewer jobs at risk from increased automation over the next 15 years than the US, Germany and Japan – around ten million jobs will be affected. The UK has fewer jobs at risk from increased automation over the next 15 years than the likes of the US, Germany and Japan, according to an analysis from PwC.Even so, the report said that about ten million British workers risked seeing their jobs taken over by robots, while others will see the nature of their work change as AI technologies […]

30% of UK jobs at risk of automation by 2030

30% of UK jobs at risk of automation by 2030

Over 30% of UK jobs are at risk of becoming automated within the next 15 years thanks to developments in artificial intelligence, at least according to a recent report by PwC .

More than 10 million jobs are at "high risk" of being replaced with robots, although some sectors such as transportation and manufacturing would be worst hit by the emerging technology.

The report found that up to 56% of transportation and storage jobs could disappear, while 46% of manufacturing and 44% of retail roles could be soon carried out by AI led software or robots, sectors involving high proportions of […]

Why American jobs have a higher risk of automation than jobs in Germany, the UK, and Japan

Why American jobs have a higher risk of automation than jobs in Germany, the UK, and Japan

You’ve been warned before—robots are coming for your job. The speed of technological advancement, particularly in smart automation, has sprung countless economic studies and political warnings about how many people are likely to lose their jobs to this rise of the machines. But it’s not an easy number to peg down; estimates range from 5% to 50%.

The latest predictions from PricewaterhouseCoopers (pdf) survey the damage for specific countries. Analysts at the consulting firm said that by the early 2030s, 38% of US jobs are at a high risk of automation, more than in Germany, the UK, and Japan.

PwC revisited […]

30% of UK jobs could be affected by automation

30% of UK jobs could be affected by automation

Up to around 30% of existing UK jobs could face automation over the next 15 years, but new AI-related technologies will also boost productivity and generate additional jobs elsewhere in the economy, according to new analysis by PwC in its latest UK Economic Outlook report. This involves looking in detail at the task composition of jobs in different industry sectors and occupations, using machine learning techniques to model the potential impact of AI in the future based on OECD data.

The study estimates that the UK (30%) has a lower proportion of existing jobs at potential high risk of automation […]