Tag: Services

Will AI hit employment and increase inequality?

Will AI hit employment and increase inequality?

A helping hand: A robot delivering food at the first restaurant in Kenya to use humanoid machines. Automation generally leads to productivity gains, which generate income that can be spent on new products and services. — AFP THE release of ChatGPT in November 2022 has raised great hopes that artificial intelligence (AI) can contribute to solving problems in many fields and lift productivity, but also fears that many jobs may disappear, and that income inequality could rise further.

AI is commonly seen as a general-purpose technology, like the internal combustion engine, early electricity-based technologies, and computers.

Such technologies have the potential […]

AI more likely to transform jobs of highly educated workers in Canada: StatCan report

AI more likely to transform jobs of highly educated workers in Canada: StatCan report

Which professions, industries could see greatest impact of AI? By Jim Wilson

Sep 09, 2024

Share The rise of artificial intelligence (AI) in the work sphere is more likely to transform the jobs of workers who are more highly educated, according to a report from Statistics Canada (StatCan).“This is contrary to prior waves of technological transformation, which mainly affected less educated workers.”The study distinguishes three types of workers: those whose jobs are highly exposed to AI and who might benefit from it because of a high degree of complementarity between their tasks and AI capabilities; those whose jobs are highly […]

Will Automation Replace Jobs? How can businesses balance technological advancements with protecting employment opportunities?

We need to rephrase the conversation. Right now its: "how do we protect jobs?". This is the wrong discourse. The conversation should be "how do we secure a decent lifestyle for all?". These conversations always go down the wrong path. People work so that they can live – work is the MEANS, not the GOAL.

Now, our puritan guilt immediately kicks in as soon as anyone suggests universal care for others because we’ve all been indoctrinated to think "wHaT aBoUt LaZy pEoPlE" and the disdain for the notion that the lazy, good for nothing, "unworthy" class might benefit from the […]

Technology Replacing Jobs Statistics 2024 By Concerns, Attitude, Potential Number of Jobs Lost to Automation and Rate of Adoption by Industry

Technology Replacing Jobs Statistics 2024 By Concerns, Attitude, Potential Number of Jobs Lost to Automation and Rate of Adoption by Industry

Technology Replacing Jobs Statistics 2024 By Concerns, Attitude, Potential Number of Jobs Lost to Automation and Rate of Adoption by Industry

— Introduction

Technology Replacing Jobs Statistics: Artificial intelligence has just been born and ruling the world already. AI can act like a human. Although AI is the biggest advantage to society, it has started to show some dangerous aspects as well. Many people have lost or will be losing their jobs in the future due to such technology.Let’s take an example, ChatGPT has already shaken the world with its ability to respond like humans, thus people working in the […]

The impact of AI on the job market : threat or opportunity ?

The impact of AI on the job market : threat or opportunity ?

Artificial Intelligence (AI) is often touted as a technological revolution capable of profoundly transforming our societies, including the job market . While some view AI as a threat to employment, others see it as an opportunity to create new jobs and boost the economy. This article explores both sides of the coin by analyzing the risks of job loss and the new opportunities brought about by automation. The risks of job loss due to AI

One of the main arguments against AI is its potential to eliminate jobs. Indeed, AI-powered machines are increasingly capable of performing tasks that were […]

Technological Advances Make Things Better – Or Does It?

Technological Advances Make Things Better – Or Does It?

It certainly seems that technological advances make our lives better. Instead of writing a letter, stamping it, and mailing it (which was vastly more personal) , we now send emails. Rather than driving to a local retailer or manufacturer, we order it online. Of course, we mustn’t dismiss the rise of social media, which connects us to everyone and everything more than ever.

Economists and experts have long argued that technological advances drive U.S. economic growth and productivity. As innovations emerge, they play a crucial role in shaping the economy, improving efficiency, and enhancing productivity across various sectors. From artificial […]

Here’s What The Future Of Work In 2030 Might Look Like

Here’s What The Future Of Work In 2030 Might Look Like

As technology advances, ethical considerations surrounding automation, AI, and data privacy will become more prominent. By 2030, the nature of work will likely be more cognitive, requiring creativity, critical thinking, and constant digital upskilling to solve complex problems.

Predicting the exact future of work in 2030 is speculative and subject to unpredictable factors such as technological advancements, economic conditions, and societal changes.

While challenges undoubtedly exist, the future of work in 2030 presents a dynamic and exciting landscape. The future of work is a topic that has been extensively studied and speculated upon; it is a […]

CEO speaks: Parenting 2.0: Parenting in the age of AI and gig economy

CEO speaks: Parenting 2.0: Parenting in the age of AI and gig economy

As we stand on the threshold of a brave new world, defined by rapid advancements in artificial intelligence (AI) and a digitally driven gig economy, traditional paradigms of education and career paths are being increasingly challenged. The conventional wisdom that has long shaped parenting—focusing on structured education and predictable careers—is now being eclipsed by a landscape where passion, creativity, and digital fluency reign supreme. As parents, it’s time to rethink the way we guide our children toward success in this brave new world.

The world our children are growing up in is vastly different from the one we knew. The […]

Analytical Studies Branch Research Paper Series Experimental Estimates of Potential Artificial Intelligence Occupational Exposure in Canada

Analytical Studies Branch Research Paper Series Experimental Estimates of Potential Artificial Intelligence Occupational Exposure in Canada

DOI: https://doi.org/10.25318/11f0019m2024005-eng

Text begins Acknowledgements

The authors would like to thank Li Xue, Marc Frenette and Vincent Hardy from Statistics Canada, and Jessica Gallant, Matthew Calver, Jacob Loree and Alan Stark from the Department of Finance Canada for their helpful and constructive comments. Abstract Past studies on technological change have suggested that occupations involving routine and manual tasks will face a higher risk of automation-related job transformation. However, recent advances in artificial intelligence (AI) challenge prior conclusions, as AI is increasingly able to perform non-routine and cognitive tasks. These advances have the potential to affect a broader segment of the […]

Payroll professionals believe future lies in AI

Payroll professionals believe future lies in AI

Payroll professionals feel their roles will change with AI, but many are unsure how Shutterstock More than eight in 10 payroll professionals believe artificial intelligence will transform their industry, despite only 6% using it in their day-to-day role.

According to the Future of Payroll Report from the Chartered Institute of Payroll Professionals, just over a third (34%) are worried about the impact AI will have on their role.

More than half (52%) did not understand the difference between AI and robotic process automation (RPA), the CIPP found.RPA is where the technology simply follows a set of commands provided by the […]