Tag: Services

Sorry Luddites, Amazon Go Will Be a Huge Job Creator

Sorry Luddites, Amazon Go Will Be a Huge Job Creator

The majority of alarmist headlines yesterday were all about Seattle, WA-based Amazon’s latest profit-making venture. Expanding its operations into the grocery space, the retailer is set to open stores sans checkout clerks. Upon entry in Amazon Go stores set to be opened to the public in the next year, customers will choose items for purchase only to be billed electronically. The days of long checkout lines may well be over with if the experiment succeeds.

Readers can probably imagine that what’s great for the customer is apparently not great for the typical American worker if traditional media are to be […]

Mark Carney: ‘Every technological revolution mercilessly destroys jobs well before the new ones emerge’

Mark Carney: 'Every technological revolution mercilessly destroys jobs well before the new ones emerge'

A protester dressed as a robot takes part in a march by Belgian public sector workers in central Brussels, Belgium, May 31, 2016. LONDON — Bank of England Governor Mark Carney thinks the jobs market is experiencing "great disruption" due to technology and believes governments, and corporations have a duty to help people manage the change.

In a wide-ranging speech on the economy in Liverpool on Monday , the governor said the world is "in the midst of a technological revolution that is once again changing the nature of work." He highlighted a past speech from the Bank of […]

AI, Automation, Lack Of Jobs =Basic Income

Mtwildman
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Loc: S.C. Missouri http://www.businessinsider.com/bernstein…nations-2016-12 BERNSTEIN: China’s insane spending on robotics is fundamentally changing capitalismWorkers exchange spools of thread as a robot picks up thread made from recycled plastic bottles at the Repreve Bottle Processing Center, part of the Unifi textile company in Yadkinville, N.C., Friday, Oct. 21, 2016. America has lost more than 7 million factory jobs since manufacturing employment peaked in 1979. Yet American factory production, minus raw materials and some other costs, more than doubled over the same span to $1.91 trillion last year, according to the Commerce Department, which uses 2009 […]

Amazon rolls out a store with no checkout lines

Amazon rolls out a store with no checkout lines

Death Toll in California Warehouse Fire Rises to 30 – vouxmagazine.com The future of grocery shopping has already started to arrive with some supermarkets rolling out home delivery services. Now, Amazon has unveiled a new kind of food store where there are no checkout lines. Instead you check in on a smartphone. The internet of things network tracks the items you take off and put back on the shelves. Then, when you leave the store with your cloth bag full of items, the software automatically bills you to your # Amazon account.

As Hot Air suggests, this technology presents quite […]

What the Robots are Doing to the Middle Class

What the Robots are Doing to the Middle Class

PAUL BUCHHEIT FOR BUZZFLASH AT TRUTHOUT (Photo: FANUC 6-axis welding robots) The simplistic response to the impact of artificial intelligence (AI) on employment is that we’ve experienced this before, during the Industrial Revolution and beyond, and that the "market" will eventually provide plenty of jobs. The reality is that tens of millions of Americans will have to accept food service and retail and personal care jobs that don’t pay a living wage.

The Deniers: The Middle Class Has Nothing to Worry About

Optimism is the feeling derived from sources like The Economist , which assures us that "AI will […]

What Donald Trump Can Learn From China and Robots When It Comes to Jobs

What Donald Trump Can Learn From China and Robots When It Comes to Jobs

President-elect Donald Trump. President-elect Donald Trump may be taking on China’s apparent mercantilism via his Twitter account , but both the U.S. and China are embroiled in a dangerous experiment that could crimp their prospects for employment: investment in automation.

Over the past 70 years, China has had the advantage when it came to manufacturing. The cost of labor, in relative terms, was low while policy makers further boosted the competitiveness of the country’s export structure through the specialization of production, in a nod to Adam Smith’s capitalist treatise "The Wealth of Nations".

But manufacturing jobs in China are massively under […]

Automation for the People: The Public, Technology and Jobs

Automation for the People: The Public, Technology and Jobs

A 2012 research brief by Erik Brynjolfsson and Andrew McAfee at MIT renewed an old debate over the effect of new technologies on employment levels. They argued that, counter to the prevailing belief that new technologies and automation simply shift jobs into new sectors after a period of disruption, instead rapid improvements in technology over the past decades have left some workers completely behind, a trend that will continue to accelerate as computers capabilities expand. But what does the public think? Do Americans see technological threats to employment, and have their views changed since the days when robots first […]

Robots, jobs and the human fear of change

Robots, jobs and the human fear of change

Steve Cousins is founder and CEO of Savioke , which develops and deploys autonomous robots that work in human environments to improve people’s lives. Steve was previously president and CEO of robotics incubator Willow Garage.

How to join the network

When it comes to technology’s impact on the economy, there continues to be concern that robots and other advances will lead to unemployment. But what does history really tell us about the impact of new technologies on jobs and the economy? And more importantly, what happens to America’s ability to compete in a global economy if we reject automation […]

David Rosenberg: Trump is pointing the finger at the wrong culprit on job losses

David Rosenberg: Trump is pointing the finger at the wrong culprit on job losses

If Donald Trump doesn’t carry out his protectionist threats, he risks being a one-term president, writes David Rosenberg. Bank of Canada Governor Stephen Poloz delivered a terrific speech last week that is definitely worth a read, basically about how “creative destruction” is mostly at play behind this ever-declining share of manufacturing employment across the globe, no longer just confined to the developed world, either.

Here are some of the more lucid findings:

“Economists’ understanding of the evolution of economies is based on hundreds of years of history. Advances in technology lead to higher productivity and greater production, which in turn […]

Maybe robots aren’t the enemy, as jobs and economy surge: Don Pittis

Maybe robots aren't the enemy, as jobs and economy surge: Don Pittis

Man’s best friend challenges the worker’s worst enemy, but even as robots improve, employment figures seem to indicate there are still plenty of jobs left for humans. Whether they are good jobs is the question. (Boston Dynamics) If the robot revolution is supposed to take away all the jobs, why is unemployment falling?

We’ll get more information this morning as jobless data comes out here and in the United States. But improving employment figures, especially in the U.S., seem to indicate, at this point anyway, that robots haven’t succeeded yet in putting us out of work.

That doesn’t mean warnings about […]