Tag: Services

Will automation take away all our jobs? | David Autor [w/ subs]

Will automation take away all our jobs? | David Autor [w/ subs]

00:00:13 – Here’s a startling fact:
00:00:15 – in the 45 years since the introduction of the automated teller machine,
00:00:18 – those vending machines that dispense cash,
00:00:21 – the number of human bank tellers employed in the United States
00:00:24 – has roughly doubled, 00:00:26 – from about a quarter of a million to a half a million. 00:00:29 – A quarter of a million in 1970 to about a half a million today, 00:00:32 – with 100,000 added since the year 2000. 00:00:36 – These facts, revealed in a recent book 00:00:39 – by Boston University […]

Robots taking over jobs: Underwriters most at risk

Robots taking over jobs: Underwriters most at risk

Japanese insurer replacing its staff with artificial intelligence If the news of a has made you think of job security, then these new research findings might also shake you up.

Oxford University director Carl Frey, the author of a 2013 study on the impact of automation on future employment, has followed up his work by analysing which middle-class jobs are most likely to be taken over by robots.

Frey looked at office jobs that pay more than £40,000 and made a list of occupations that are most likely to disappear due to the threat of automation.“While low-skilled jobs are most exposed […]

Rise of the robots

Rise of the robots

From drones delivering your post to robotic chefs, automation looks set to eliminate a chunk of the workforce but could also free us from dangerous jobs. Ryan Fletcher asks what life side by side with machines will look like As the current masters of the universe mingled at the World Economic Forum in Davos at the start of the year, it became clear that the Silicon Valley executives in attendance were worrying about the havoc their hi-tech creations could wreak. But it wasn’t the prospect that their artificial intelligence tech would create a robot class capable of usurping them. […]

25% of CEOs’ Time Is Spent on Tasks Machines Could Do

25% of CEOs’ Time Is Spent on Tasks Machines Could Do

Soon after taking office, the new president created a national commission to examine the impact of automation. No family should pay an unjust price for progress, he announced, yet automation should not be viewed as an enemy. “If we understand it, if we plan for it, if we apply it well, automation will not be a job destroyer or a family displaced. Instead, it can remove dullness from the work of man and provide him with more than man has ever had before.”

The U.S. president who spoke those words was Lyndon B. Johnson , and the year was 1964.

A […]

The future of manufacturing

The future of manufacturing

There’s growing optimism about a revival, but it won’t be what you think

The other day I had a conversation with a Manchester stockbroker who was bullish on the future of U.S. manufacturing. Parenthetically, this claim and others he made reminded me of two things about stockbrokers. One is by design – they have an eye to the future. The second is that they are capable of disrupting conventional wisdom with their insights.

So what are we to believe about the current state and future of manufacturing careers in the U.S.? Recent history and economic news has shown a declining […]

Robots May Replace Jobs that Trump Brings Back Home

Robots May Replace Jobs that Trump Brings Back Home

Recent policies that seek to protect American jobs are clear indication that Trump is absolutely serious about his promise to bring back jobs to America. However, when it comes to manufacturing, a different story is expected to play out. Many of the manufacturing jobs in the US are now being taken over by robots, thanks to the proliferation of Artificial Intelligence (AI) capabilities. According to a report by the United Nations Conference on Trade and Development (UNCTAD), dependence on labor has already reduced in the automotive, electrical and electronics industries. This makes it difficult for Trump to go through […]

What Jobs Sectors Will Artificial Intelligence Take Over in the Near Future?

What Jobs Sectors Will Artificial Intelligence Take Over in the Near Future?

Do you think AI will decrease human labor? originally appeared on Quora : the place to gain and share knowledge, empowering people to learn from others and better understand the world .

20M-40M jobs are in peril in the US from developments in AI and other technology — 15 to 30% of the US labor force. So if foreseeable technologies materialize, then then the need for human labor could decrease.

Technology always puts existing jobs under strain. This doesn’t immediately mean that human labor as a whole is under threat. Generally, other professions grow to fill the loss, often creating more […]

Robots may soon take over millions of jobs in ASEAN, reveals ILO study

Robots may soon take over millions of jobs in ASEAN, reveals ILO study

Urges stakeholders to prepare and adapt to changes

New Delhi, January 29:

Flagging the imminent takeover of million of jobs by disruptive technologies such as robotics, automation, cloud, Internet of Things etc., a new ILO study urges all stakeholders — government, employers and employees — to lose no time in adapting to these changes to skill their workforce, create meaningful employment and prepare its workforce.The study, ‘ASEAN in Transformation’, covers five export-oriented sectors — automotive and auto parts; electrical and electronics; textile, clothing and footwear (TCF) in manufacturing, and business process outsourcing and retail in services in the Association of South […]

When A Robot Writes About Investing In Robots

Will Robots Replace the Human Workforce?

Robotics and artificial intelligence (NYSE: AI ) technology is developing rapidly , and its impact is already noticeable across a variety of industries including industrial manufacturing, self-driving cars, surgical robots, and drones.

Much of the discussion around robots & AI has focuses on the emerging technology’s impact on the work force – namely, if robots will lead to the end of jobs. In an effort to tackle this question, McKinsey Global Institute recently produced a report called " A Future That Works: Automation, Employment, and Productivity ." 1 In the report, the authors noted […]

Many Fear Automation Will Wipe Out Jobs. But Automating Buildings Will Be a Jobs Creator

Many Fear Automation Will Wipe Out Jobs. But Automating Buildings Will Be a Jobs Creator

Amazon’s launch of its “Go” store — essentially a grocery with no cashiers — has fueled a debate about how automation will destroy jobs.

There are 3.4 million workers with some variant of the title “cashier” in America, according to the Bureau of Labor and Statistics, making it one of the most common jobs in the country. But Amazon’s store eliminates this role. And soon, automated taxis, stores and restaurants could wipe out many millions of similar jobs across the service sector.

Experts are increasingly grappling with what technology, automation and artificial intelligence mean for the average worker. But it’s not […]