On a global scale jobs are becoming increasingly outsourced to developing countries for their cheap labor, and while there is absolutely a conversation to be had on the humanitarian issue of exploitation, I’d like to focus on jobs themselves. More specifically, how technological leaps and automation have affected the job market, and what that means for the future of the world.
Globalization has definitely played a huge role in the restructuring of the world economy, but many of the industries that once dominated domestic employment are seemingly non-existent In the entities that currently exist in these industries, the type of […]
It’s always intriguing to consider what we would tell our younger selves if we could travel back in time, and offer decades of experience and directional guidance that might change our trajectory in life. After providing some investment advice and a much-needed dating and personal grooming tip or two, I’d probably encourage my college-age self to pay a bit more attention to my studies outside technology and business.
As I look back over my career, beyond general concepts, I’ve used almost nothing from my dozens of programming and technical classes, yet I’m surprisingly confronting questions that draw on everything from […]
Source: Depositphotos To some degree, humans are quite predictable.
When faced with a change, our amygdala, the region of our brain that triggers a fight or flight response, will predictably influence human behavior. For example, when your company announces a change like consolidation or layoffs, people will react with either resistance, enthusiasm or worse, ambivalence.
Over the course of American history, we have faced many changes that were initially feared. When Henry Ford released the Model T car, fears from the loss of employment in the horse and buggy “industry” were palpable. Over time, however, enthusiasm replaced fear. Ford had created […]
47 Pages Posted: 18 Mar 2017 Last revised: 28 Mar 2018 Abstract
Do industries shed jobs when they adopt new labor-saving technologies? Sometimes productivity-enhancing technology increases industry employment instead. In manufacturing, jobs grew along with productivity for a century or more; only later did productivity gains bring declining employment. What changed? Markets became saturated. While the literature on structural change provides reasons for the decline in the manufacturing share of employment, few papers can explain both the rise and subsequent fall. Using two centuries of data, a simple model of demand accurately explains the rise and fall of employment […]
Students sit for an exam in a computer room at a technical school in Jinan, China. George Soros is right to call artificial intelligence technologies “a mortal danger” for open societies like ours ( “China and the AI threat to open societies,” Opinion, Feb. 4). In the United States, we are increasingly subject to the whims of secretive databases and algorithms. Our opportunities for housing, employment, education, and more are becoming dictated by big data and automation.
Surveillance technologies built on machine learning and big data also pose a threat to democracy, open society, and justice. Right now in Massachusetts, […]
Job-market polarisation is impeding class mobility. What does this mean for the future of management? This article is part of a series entitled “The Future of Management”, about how changes in culture and technology are reshaping what managers do. INSEAD professors Pushan Dutt and Phanish Puranam serve as academic advisors for this series.
The past four decades or so have been hard on those with dreams of climbing the socio-economic ladder. With social mobility having effectively ground to a halt in many of the world’s most advanced economies, divisions between the blue- and white-collar segments of society have clarified […]
LAHORE: Pakistan lacks data on employment multiplier impact of each sector, but can get guidance from the US data to create more employment opportunities in the country.
The research on US economy may not be fully relevant to Pakistan, as automation in the US is very high. Still, it can give our planners an idea on how to proceed. This government is rightly trying to boost manufacturing sector where the job creation is high. The textile sector is not included in this report because textile production in the US is mostly outsourced, but our planners have an idea about the […]
Worried a robot’s coming for your job? There’s still time to ‘future proof’ your career. Photo: YouTube The rise of automation and artificial intelligence means the prospect of a robot stealing your job is no-longer the stuff of science fiction.
However, there’s still time to ‘future-proof’ your career by choosing a job in one of the sectors tipped to grow over the next five years, new analysis by Sydney-based firm McCrindle has found.
From health care to sports and hospitality, these are the jobs and industries tipped to rise – and fall – over the next half decade. Four sectors to […]
by Jacqueline LaPointe, Revcycle Intelligence
Healthcare employment will have low exposure to automation in the next decade despite the increased use of artificial intelligence to replace some tasks, experts predict.
January 30, 2019 – Increased use of automation and artificial intelligence is slated to replace millions of jobs and tasks in the near future. However, healthcare employment is relatively safe from automation, according to a new report from the Brookings Metropolitan Policy Program.The report, titled Automation and Artificial Intelligence: How machines are affecting people and places, looks back at how automation impacted the workforce from the 1980s to […]
In the good old days of call centres, the revenues of Indian BPOs equalled the number of people they hired. Award winning journalist Goutam Das first book ‘Jobnomics’ on India’s unemployment crisis and what the future holds, could not have been more perfectly timed. The latest "unpublished" report by the National Sample Survey Office (NSSO) only confirms our worst fears, that there are not enough jobs going around, pushing young, educated youth to desperation. The anger of young people could well spell doom for the five-year-old Modi government, which is presenting its "vote-on-account", the last of its financial papers, […]