Recent trends, and the broader history of technological change, indicate that automation will usher in major shifts in labour markets over the next decade, displacing millions of workers but also creating millions of new jobs that require new skills. The McKinsey Global Institute, having documented these changes for several years, has produced a new report examining how automation might affect men and women differently. A key conclusion of the study is that persistent gender disparities in the workplace, as documented in a previous MGI report, will make it more difficult for women than for men to adapt to the […]
The Google logo adorns the outside of their New York City office, June 3, 2019. Over the past four decades, wage inequality in the U.S. has grown remarkably, with the earnings of the most educated increasing and the earnings of the least educated falling in real terms. But that’s not the whole story. The polarization of employment by educational attainment has been accompanied by—and is likely the result of—a less widely recognized polarization of jobs across regions.
Massachusetts Institute of Technology economist David Autor gave an interesting keynote address on this topic at the annual conference of MIT’s Initiative on […]
Garry Kasparov shared some insight into what the future workplace might involve. Image: CIPD Job automation was hotly debated by speakers at the CIPD’s Festival of Work conference this week, with many agreeing that it will replace many middle-skilled occupations. But this shouldn’t be seen as a threat to the human workforce, as Ashleigh Webber reports.
Until very recently, job automation and the idea that artificial intelligence (AI) would put swathes of the workforce out of work seemed distant concerns. However, with Amazon recently rolling out 200,000 robots across 50 warehouses and two NHS hospitals in London introducing software […]
In the coming couple of decades, our world will experience numerous progressions and will be very unique in relation to what it is today. One critical factor that affects and changes different parts of regular day to day existence is the fast advancement of artificial intelligence and robotics technology industry.
Researchers, industry experts and conventional individuals express contradicting perspectives about the potential results of the dynamic AI and robotics development. Furthermore, if some believes that brilliant innovations have endless power and tremendous advantages, others are frightened of the conceivable “rise of the machines” and the annihilation of mankind.
The most cynical […]
skynesher/Getty Images Within the next decade, rapid advances in artificial intelligence and automation will radically upend the labor market, replacing millions of jobs with new occupations that will require new technical skills. For women, the challenge is especially acute, because they will still face all the usual obstacles to gender parity at work.
BERKELEY – Recent trends, and the broader history of technological change, indicate that automation will usher in major shifts in labor markets over the next decade, displacing millions of workers but also creating millions of new jobs that require new skills. The McKinsey Global Institute, having documented […]
There has been a lot of tech news coming out of Amazon’s inaugural re:MARS event in Las Vegas last week, some already noted here ( Jeff Bezos Predicts Advanced Robot Hands in a Decade ).
Below, billionaire Amazon owner Jeff Bezos chats up technology at his re:MARS conference. Many reports from attendees centered around all the sparkly new automation and A.I. advances, so it was a relief to find one that addressed the coming threat to human employment from smart machines. Author Kyle Wiggers (linked below) even included a list of dire predictions near the end of his article, […]
Guimarães, Luis and Gil, Pedro (2019): Explaining the labor share: automation vs labor market institutions.
This is the latest version of this item. Abstract
In this paper, we build a theoretical model to study the effects of automation and labor market institutions on the labor share. In our model, firms choose between two technologies: an automated technology and a manual technology. In this context, the labor share reflects both the average wage level (versus output) and the distribution of firms between the two technologies. Our model offers three main insights. First, automation-augmenting shocks reduce the labor share but […]
There is potential for women to advance in the workplace if they are prepared for a more automated future. (Photo credit: Getty) Getty
The bots are coming. Automation is already starting to replace jobs. Robots and computers are not only taking over routine physical work activities, but they can now tackle more complicated tasks like driving and sensing emotions. And they’re cheaper than humans too. As a result, research suggests that about half of the work humans currently do will be automated by 2055. But how will female employees fare in our automated future? A new McKinsey study found that […]
Automation Technology 5558c5b706074 CPA firms are in the midst of a transition. For years, research firms and thought leaders have been predicting the disruption of the profession through automation. That disruption isn’t a vision for the future – it’s here now. In 2017, Gartner has forecast a transition period, lasting through 2020, in which AI would eliminate 1.8 million jobs. However, it also predicted the creation of 2.3 million jobs.
Currently, technology is creating ever-expanding opportunities for automation in accounting firms and changing the expectations of clients, employees and partners. So right now, we need to decide how we will […]
An emergency department in 2030 is poised to look much different as automation takes hold, and those changes are likely to disproportionately affect women in healthcare, according to a new report.
Automation will displace as many as 1 in 4 female workers across all sectors, or 160 million women, but that will be offset by an increase in demand and productivity, according to a new report from the McKinsey Global Institute. That does not account for "frontier" jobs that one could not even imagine today, said Kweilin Ellingrud, a senior partner at McKinsey and co-author of the report.
"It is scary […]