Tag: Services

AI, automation couild kill your job sooner than thought. How COVID sped things up.

Automation was already expected to wipe out millions of jobs. The pandemic has accelerated their demise.

Nearly 9 million workers switched occupations during the health crisis – from 2019 to 2022 – 50% more than in the prior three years, according to a new study by McKinsey Global Institute.

Most left low-wage jobs in food services, customer service, office support and production. Meanwhile, high-wage positions grew in fields such as science, technology, health care, business, legal and management, the report says.By 2030, another 12 million workers are likely to change jobs as low-wage positions continue to dwindle and higher-paying professional roles […]

The Straight-to-the-Point “The End of Work: Why Your Passion Can Become Your Job” Review

The Straight-to-the-Point “The End of Work: Why Your Passion Can Become Your Job” Review

In his provocative book The End of Work: Why Your Passion Can Become Your Job, economist John Tamny makes a contrarian case against widespread predictions that automation and artificial intelligence will lead to permanent mass technological unemployment.

Tamny argues that while automation will continue displacing certain jobs, an expanding economy stimulated by innovation, capital investment, and specialization will also generate new, more fulfilling work. He contends that as long as entrepreneurs can innovate, investors provide capital, and consumers have wants and needs, human work will never permanently disappear.

The End of Work: Why Your Passion Can Become Your Job Amazon.com: […]

How do we create a future of work that centres on the wellbeing of people?

How do we create a future of work that centres on the wellbeing of people?

In an environment of accelerating automation and digitalisation, will lifelong learning be the key to staying in our chosen job or profession? How should we address the challenge of informal work? What will happen to jobs impacted by the climate crisis? And what role will trade unions play in all of this?

(Sun xinming/Imaginechina via AFP)

A little over a decade and a half ago, a consulate official in Hong Kong told me: “I’m 50 years old, I’ve already studied what I had to study and I’m not going to get any more training. I’m 50, 50!” I don’t remember what […]

AI boosts job opportunities: Disproving automation myths with a surprising rise in new jobs

AI boosts job opportunities: Disproving automation myths with a surprising rise in new jobs

AI can automate some tasks, freeing up humans to be more productive. (Pic: Pixabay) By Yeshasvini Ramaswamy

The fear of job displacement and automation has raised concerns among workers in various industries. However, upon closer examination, it becomes evident that AI has the potential to create new job opportunities and stimulate economic growth. The fear of machines permanently replacing humans has persisted for centuries, yet evidence suggests that more jobs with improved wages have emerged over time, contradicting these concerns.

In April 2023, the World Economic Forum (WEF) released a study predicting the creation of 69 million new jobs with […]

Can warehouse automation technology unleash MSMEs’ real potential?

Can warehouse automation technology unleash MSMEs’ real potential?

To demonstrate adaptability in the face of changing market conditions, businesses need to streamline their base of operations or, more specifically, their warehouses.

Implementing warehouse automation technologies can be a catalyst for putting companies on the path towards 100 per cent efficiency. (Image: pixabay) By Vinayak Bhat

Warehouse automation technologies for MSMEs: Micro, small and medium enterprises (MSMEs) have been spearheading the Indian economy. These businesses, which include both manufacturing and service-based industries, have proven instrumental in creating jobs and driving innovation. However, they face challenges such as limited infrastructure, lean resources and excessive costs, which ultimately […]

The Impact of AI on the Tourism and Hospitality Industry

The Impact of AI on the Tourism and Hospitality Industry

Exploring the Transformative Effects of AI on Tourism and Hospitality: Opportunities and Challenges

The impact of artificial intelligence (AI) on various industries has been a topic of discussion for quite some time now. One such industry that is experiencing significant transformation due to AI is the tourism and hospitality sector. As this industry thrives on providing exceptional customer experiences, the implementation of AI technologies presents both opportunities and challenges for businesses operating in this space.

One of the most notable opportunities brought about AI in the tourism and hospitality industry is the ability to personalize customer experiences. By analyzing large […]

In focus – Is technological change increasing unemployment? Not quite

In focus – Is technological change increasing unemployment? Not quite

The publication of the OECD’s Employment Outlook 2023 revised the public debate regarding the impact of automation on the labor market. Taking into account new data , the report focuses on various automation technologies – e.g. robotics, artificial intelligence, etc. and identifies occupations at high risk of automation.

Across the 27 OECD member states for which data are available, occupations at highest risk of automation account for about 28% of employment. There are important differences between countries. In Hungary, Slovakia and the Czech Republic more than 35% of workers are employed in occupations at high risk of automation. In these […]

In Brief: How AI Could Shrink Government

In Brief: How AI Could Shrink Government

Shrinking government is one of the hardest tasks on planet earth. That’s why it rarely happens. But Lewis Andrews argues that artificial intelligence (AI) might just do the trick. Recent advances in artificial intelligence have led many observers to worry that computers will soon replace far more jobs than imagined just a few years ago. The World Economic Forum now predicts that over 85 million positions could be lost to automation by the year 2025, many in law, medicine, accounting and other fields once thought immune to electronic substitution. Industry experts like IBM CEO Arvind Krishna argue that the […]

We asked ChatGPT for advice on how to stop AI from taking your job

We asked ChatGPT for advice on how to stop AI from taking your job

Asking ChapGPT for engineering career advice is not unlike asking Vladimir Putin his insights for promoting democracy, but that’s what writer Mitch Wagner did. The result was partly a series of lists (some on recommended jobs largely unaffected by AI) , all expressed in the flat tones one might expect from a cheerless bureaucrat. (Midjourney based on human prompts) It seemed like a cute gimmick: As part of our major article on surviving the AI job apocalypse , we’d ask ChatGPT for career advice. Clever, right?

So I fired up ChatGPT, set it to GPT-4, the most advanced model, and […]

What Are Labor Economists Saying About AI?

What Are Labor Economists Saying About AI?

“Mankind is solving its economic problem. I would predict that the standard of life in progressive countries one hundred years hence will be between four and eight times as high as it is to-day,” wrote John Maynard Keynes, one of the most influential economists ever, in a 1930 essay entitled “Economic Possibilities for our Grandchildren”.

Indeed, after the Second World War, the West entered a golden age of economic growth. But this was not Keynes’ boldest claim.

Writing at the beginning of the Great Depression, the economist continued to predict that technological advancement and the accumulation of capital would lead to […]