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business, education and employment; The incredible changes that 5G technology will bring – News18 Lokmat News WAALI

business, education and employment; The incredible changes that 5G technology will bring – News18 Lokmat News WAALI

Mumbai, October 1: 5G technology was launched today by Prime Minister Narendra Modi. 5G technology will have a far-reaching impact on various sectors of the country. Technology, education, employment will also be affected by 5G.

Internet speed will be 10 times faster than 5G-

The world of mobile telephony will change once 5G is implemented across the country. According to an estimate, the speed of 5G is 10 times faster than 4G. Automation is expected to increase after 5G. Things that were so far limited to big cities will reach villages, where e-medicine, education sector, agriculture sector will benefit […]

Young Australians face lifetime of labor change

Young Australians face lifetime of labor change

Credit: Pixabay With robotics and artificial intelligence causing job cuts and large-scale automation in most industries, tech-savvy young people are already preparing for rapid changes in their working lives.

However, new Flinders University research in the Journal of Youth Studies warns of a "strong social cleavage" with some young Australians with socio-demographic disadvantages—including informal computer skills and limited ITS access at home— may be destined to work in "dead-end" industries forecast to be most affected by automation.

"The future of work for young people may be less grim than forecast, but these outcomes may be far from equitable unless policies including […]

Will Elon Musk’s Tesla Bot replace human workers? It’s not that simple

Will Elon Musk’s Tesla Bot replace human workers? It’s not that simple

The Tesla Bot is on display at the Tesla Giga Texas manufacturing facility during the “Cyber Rodeo” grand opening party on April 7, 2022, in Austin, Texas. Elon Musk is bullish on robots — his own, at least.

The Tesla chief executive claimed last year that his company was in the advanced stages of developing an autonomous android that would relieve humans of their hazardous, repetitive and boring jobs. Some of those humans currently work in Tesla factories, where the company plans to deploy thousands of the new robot, dubbed Tesla Bot or Optimus, according to a recent job listing […]

Why you should probably avoid these 8 job titles in South Africa

Jobs portal CareerJunction’s latest employment trends report highlights job skills or job categories that are becoming redundant – quickly going the way of the switchboard operator.

The CareerJunction Employment Insights Report typically unpacks some of the professions that are and will continue to be on the rise in the coming years, its September report also highlighted several ‘jobs at risk’ – roles that may become obsolete by 2030.

These jobs are likely to fall victim to the Fourth Industrial Revolution – a term coined in 2016 by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum – which speaks […]

Factory Jobs Are Booming Like It’s the 1970s (nytimes.com)

An anonymous reader quotes a report from the New York Times: Ever since American manufacturing entered a long stretch of automation and outsourcing in the late 1970s, every recession has led to the loss of factory jobs that never returned. But the recovery from the pandemic recession has been different: American manufacturers have now added enough jobs to regain all that they shed — and then some . The resurgence has not been driven by companies bringing back factory jobs that had moved overseas, nor by the brawny industrial sectors and regions often evoked by President Biden, former President […]

Black Americans Must Make Necessary Shifts Regarding Sustainable Employment

Black Americans Must Make Necessary Shifts Regarding Sustainable Employment

Photos: YouTube
In July 2021, BlackEconomics.org released a Report Brief entitled “Black American Employment Representativeness.” We revisit that Report Brief here because the need to sound the alarm for Black labor is even more urgent today.

In addressing Black America’s employment representativeness, we focused on US Department of Labor, Bureau of Labor Statistics (BLS) statistics on employment by industry by race/ethnicity. Related data on employment by occupation by race/ethnicity are similar but provide additional clarity.[1]
It is common knowledge that Black American workers are underrepresented in many important professional and technical fields. Therefore, we will devote our attention here to Black […]

How Business Owners Can Manage Their Mental and Financial Health

How Business Owners Can Manage Their Mental and Financial Health

Recession and automation are two of the most fear-inducing topics for business owners. In the long term, businesses are fearful that automation tools will take over their workplaces entirely at some point, displacing their workers. In the short term, owners are concerned about what the recession will do to their finances and businesses overall. Before we dive into strategies to help you address your fears so that your mental and financial health remains intact, let’s take a deeper look at automation and recession concerns. Manage Mental and Financial Health

An Overview of Automation and Recession Concerns

Although automation is a […]

Technology Creates More Jobs Than It Destroys

Technology Creates More Jobs Than It Destroys

Despite the claims to the contrary, innovation is a job creator, not a job demolisher. American presidential candidates Andrew Yang and Bill de Blasio are very concerned about robots taking people’s jobs. Yang has been touting his $1,000 per month "Freedom Dividend" for every American adult since the beginning of his primary run to offset the potential job losses due to automation. De Blasio, on September 5th, published an op-ed published in tech magazine Wired proposing not only a "robot tax" but also the creation of a new federal agency to "oversee" automation and issue permits to businesses who […]

What Ever Happened to That Scary 2013 Prediction About Robots Taking Over Accounting and Auditing Jobs?

What Ever Happened to That Scary 2013 Prediction About Robots Taking Over Accounting and Auditing Jobs?

I know it’s difficult to recall back to a time prior to 2016 but try anyway and remember a 2013 study that made the rounds in accounting after it was featured on Planet Money in 2015. By “made the rounds” I mean “scared the shit out of everyone” because the gist was that most of your tasks could be automated — thereby rendering you obsolete — unless the profession came up with a way to convince clients some kind of accounting wizardry and judgment is required to make balance sheets balance.

The study — The Future of Employment: How Susceptible […]

Artificial Intelligence Could Be a Great Equalizer

Artificial Intelligence Could Be a Great Equalizer

If 2021 was the breakthrough year for mRNA vaccines, then 2022 may be the breakthrough year for artificial intelligence. So far there have been major advances in text generation and image generation, and now investor Nat Friedman is predicting big developments in AI personal voice assistants. More innovation will surely follow.

With so much in the works, it is worth reviewing some basic principles of how AI is likely to affect the US and global economies.

First, more AI does not necessarily mean fewer jobs. Automation and mechanization have been around for centuries, and they create jobs as well as take […]