Automation and the Future of Employment

Automation and the Future of Employment

Are robots going to steal your job? No. However, they already have. Think about it. From customer service to transportation, there are tons of instances where machines have replaced humans. Both automation and artificial intelligence are going to significantly impact the job market of the future.

Automation is not a new concept. Think about the industrial revolution. The increased accessibility to machinery eliminated many employment opportunities. Automation vs. AI

People often get confused about the differences between AI and automation . By definition, automation is the implementation of hardware or software that allows for automated actions. In contrast, artificial intelligence […]

Jobs that might not exist in 50 years

Jobs that might not exist in 50 years

With more than 40 million Americans unemployed amid the coronavirus pandemic, there are thousands of jobs unlikely to ever return. Whether that’s because businesses will ultimately shutter (or permanently reduce staff) or industries will be reinvented, there are myriad unknowns when trying to chart projections for the economic future of the U.S. economy. A paper released in May 2020 by the Becker Friedman Institute at the University of Chicago projected that 42% of layoffs caused by the pandemic will be permanent .

In addition to fewer jobs being available in certain sectors, other employment sectors as a whole are at […]

A Fully-Automated Economy Should Not Be the Goal

A Fully-Automated Economy Should Not Be the Goal

By now, even casual consumers of business news are aware of the emerging maxims regarding “the future of work” in the wake of COVID-19, and the economic and employment shocks it has thrust upon the global economy. The predominant orthodoxy can be summed up as follows: “The robots are here to stay .”

Robotic process automation, and organizations’ abilities to harness the benefits it promises, was already a disruptive economic force before COVID-19. Its benefits were easy enough to define: the reduction of human error, the effective elimination of time-consuming tasks, and higher overall levels of productivity for lower (long-term) […]

Sundin column: Is capitalism sowing the seeds of its own destruction

Sundin column: Is capitalism sowing the seeds of its own destruction

In his treatise, “The Wealth of Nations” (1776), Scottish economist Adam Smith laid the foundations of classical free-market economic theory. He postulated that rational self-interest and competition can lead to economic prosperity for all, and that pursuing our own self-interest unintentionally benefits society as a whole. But he was wary of businessmen and warned of collusion among them forming conspiracies and monopolies to increase prices as high as they could. He further warned that a business-dominated political system would further the interests of business and industry over consumers by influencing legislation. He pointed out that their interests differ from, […]

Tesla Touts ‘Middle-Skill’ Factory Jobs That Pay No More Than Trash Collection

Tesla Touts ‘Middle-Skill’ Factory Jobs That Pay No More Than Trash Collection

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on … [+] When you follow economics, business, and manufacturing, a continuing refrain is the skills gap. Factories badly need employees, but too few people have the education and skills to do the work.

“ Employers aren’t just whining ,” the Harvard Business Review said in 2014. The Manufacturing Institute noted in 2018 that the “ workforce crisis could get worse .” Companies faced a “ widening worker shortage ” in the fall of 2019, according to IndustryWeek.

Basic economic theory would suggest that […]

Which Indian IT jobs will become redundant post Covid-19?

Which Indian IT jobs will become redundant post Covid-19?

Under threat. If coping with new technologies was not enough, the pandemic has thrown additional challenges for computer engineers in India.

With Covid-19 changing the nature of workplaces , experts believe there are some IT jobs that won’t survive the pandemic.

Already, hundreds of IT workers in India are being placed on furlough or getting fired.“They gave me two options—either take a severance pay equal to my three-month salary and leave, or wait for one month on the bench for new projects,” an unnamed Cognizant Technology employee who was asked to leave on May 22 told daily newspaper New Indian Express […]

Will a robot take my work?

Will a robot take my work?

Martin Spano (Source: Courtesy of Martin Spano) Martin Spano is the author of Artificial Intelligence in a Nutshell, a book that explores the mystified subject of artificial intelligence (AI) with simple, non-technical language. Spano’s passion for AI began after he watched 2001: A Space Odyssey, but he insists this ever-changing technology is not just the subject of sci-fi novels and movies; artificial intelligence is present in our everyday lives.

One of the most common questions I get during lectures is whether and when artificial intelligence will take over our work. Employees ask me this, but entrepreneurs also want to […]

Obs automation

Obs automation

If any of the above OBs can be simulated then please send me any example of that OB in ladder logic and its det Nov 01, 2018 · Published on Nov 1, 2018. Features of the software include device/source capture, recording, encoding and broadcasting. DIY Observatories. Get relevant & targeted content posted to your channels according to your own needs and settings. 6,959 Automation Technician jobs available on Indeed. To create OBS stream overlays, use the OBS overlay maker to customise the template you’ve chosen. –collection "name" Start with given scene collection. ACP is not a "black box". We […]

Jobs that might not exist in 50 years

Jobs that might not exist in 50 years

With more than 40 million Americans unemployed amid the coronavirus pandemic, there are thousands of jobs unlikely to ever return. Whether that’s because businesses will ultimately shutter (or permanently reduce staff) or industries will be reinvented, there are myriad unknowns when trying to chart projections for the economic future of the U.S. economy. A paper released in May 2020 by the Becker Friedman Institute at the University of Chicago projected that 42% of layoffs caused by the pandemic will be permanent .

In addition to fewer jobs being available in certain sectors, other employment sectors as a whole are at […]

Deaths of Despair and a Nation in Crisis

Deaths of Despair and a Nation in Crisis

Photo by Rebecca Wilcox, Purdue University Anne Case & Angus Deaton

The Princeton economists behind the “deaths of despair” thesis—Anne Case and Nobel Prize winner Angus Deaton—talk with Irwin Stelzer and Jeffrey Gedmin about their new book, the flaws of our economic and health care systems, and whether our national crisis could spur needed reforms.

I rwin Stelzer and TAI Editor-in-Chief Jeffrey Gedmin recently interviewed Anne Case and Sir Angus Deaton, the husband-and-wife team whose pioneering research on “deaths of despair” has reshaped the national debate. With their new book coming out amid a global pandemic, they discussed how its […]