Tag: Services

Book review: The Rise Of The Robots

Book review: The Rise Of The Robots

The Rise Of The Robots—Technology And The Threat Of Mass Unemployment: By Martin Ford, Oneworld Publications, 334 pages, Rs.599. If the Industrial Revolution introduced the assembly-line production concept in factories, the 1950s and 1960s saw companies like General Motors introduce robotics on shop floors. These developments, however, will pale in comparison to what is in store for the human workforce a few decades from now, given the acceleration in capabilities of software automation and artificial intelligence (AI) driven predictive algorithms.

The Rise Of The Robots—Technology And The Threat Of Mass Employment by Martin Ford is a well-researched attempt to […]

5 Important Skills You Require To Keep Your Job In The Next 10 Years

5 Important Skills You Require To Keep Your Job In The Next 10 Years

These are the five areas you need to develop to keep yourself employed in the next 10 years

We always read about what we should prepare or how we should brand ourselves at a job interview but we seldom speak about the skills that are required to keep ourselves employed over a period of time. The world is changing and it is changing fast. Old skills no longer matter, in fact, you will be stomped aside by the generational change leaving you know answers. Many believe that the future of work will transform in the next 10 years considering […]

Job gap widens between college, high school grads

Job gap widens between college, high school grads

A new graduate proudly displays his diploma, May 9, 2009. Buy Photo A structural shift in the job market following the most recent economic recession has radically changed the composition of the American workforce, with four-year college graduates for the first time constituting a larger share of the workforce than those who got a high school diploma but don’t have a college degree, according to a report released Thursday by the Georgetown University Center on Education.

Researchers at the center found that out of the 11.6 million jobs created in the post-recession economy, 11.5 million went to people with at […]

If Your Job Hasn’t Been Taken Over by Machines Yet, Just Wait

If Your Job Hasn't Been Taken Over by Machines Yet, Just Wait

Don’t pack up your cubicle quite yet. Though robots and automation are probably already transforming your day job, you have roughly a 60% chance of not losing your employment to a machine, according to a recent report from Forrester Research.

Automation and robotics can be seen in everything from manufacturing to logistics to food services and retail, but what are the jobs most likely to be taken over by machines? The proof may already be out there.

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Politicians have no idea about future jobs

Last night, ABC Lateline aired a ripper segment looking at the future of Australian employment and the track record of Australia’s politicians a decade ago.

There’s a lot of interesting extracts from the segment, including that a decade ago, Prime Minister thought the commodity boom would be permanent, unlike Kevin Rudd: KEVIN RUDD, THEN OPPOSITION LEADER (2007): New leadership is about building long-term economic prosperity for when once this mining boom is over. JOHN HOWARD, THEN PRIME MINISTER (2007): Why does Mr Rudd keep talking about the end of the mining boom? Whoops!

There’s also the claim by both parties that […]

AP FACT CHECK: Trump’s vision improbably recalls past

AP FACT CHECK: Trump's vision improbably recalls past

WASHINGTON (AP) — Donald Trump laid out an economic future Tuesday that improbably resembles the past, declaring "it will be American steel" that once again builds gleaming skyscrapers and fortifies the bridges and American factories that broadly revive a manufacturing economy long gone.

In Trump’s nostalgia-tinted vision, the complex and diverse U.S. economy can be fixed by tariffs, factory jobs and forcing foreign partners back to the bargaining table.

But to achieve it, he would have to reverse not only globalization, but automation, a changing workforce and other seismic shifts of a U.S. economy that has become more dependent on educated […]

Universal Basic Income

Universal Basic Income

Universal Basic Income by Independent Trader

It wasn’t long time ago when Swiss had a referendum about universal basic income (UBI). They rejected it. The initiators of the campaign for UBI wanted a minimum salary to be paid to everyone regardless of their age, occupation or level of income. The UBI was aimed to replace pensions and benefits thanks to which numbers of bureaucrats would decrease. One argument for such a change is advancing automation and the end goal is to disconnect salary from work.

The Swiss economy is one of the most efficient economies in the world. Robotised manufacturing […]

Report: EU Floats Social Security Payments For ‘Electronic Persons’

Report: EU Floats Social Security Payments For 'Electronic Persons'

European authorities are reportedly questioning whether manufacturers should be on the hook for the impact of factory robots on human employees and social services.

Reuters reports that a draft European Parliament motion would urge reconsideration of a wide range of issues in the age of automation.

One provision would ask whether "the most sophisticated autonomous robots could be established as having the status of electronic persons with specific rights and obligations."Another floated the possibility of funds to cover the liability of individual smart robots, while another suggested that robot owners could pay social security in order to sustain those programs […]

The return of the machinery question

The return of the machinery question

THERE IS SOMETHING familiar about fears that new machines will take everyone’s jobs, benefiting only a select few and upending society. Such concerns sparked furious arguments two centuries ago as industrialisation took hold in Britain. People at the time did not talk of an “industrial revolution” but of the “machinery question”. First posed by the economist David Ricardo in 1821, it concerned the “influence of machinery on the interests of the different classes of society”, and in particular the “opinion entertained by the labouring class, that the employment of machinery is frequently detrimental to their interests”. Thomas Carlyle, writing […]

Automation and anxiety

Automation and anxiety

SITTING IN AN office in San Francisco, Igor Barani calls up some medical scans on his screen. He is the chief executive of Enlitic, one of a host of startups applying deep learning to medicine, starting with the analysis of images such as X-rays and CT scans. It is an obvious use of the technology. Deep learning is renowned for its superhuman prowess at certain forms of image recognition; there are large sets of labelled training data to crunch; and there is tremendous potential to make health care more accurate and efficient.

Dr Barani (who used to be an oncologist) […]