Whether you turn to news outlets, tech magazines, or academic sources for insight, you’re likely to hear that the COVID-19 pandemic is going to drive massive growth in automation, especially via robots. 1 The arguments in favor of this view seem reasonable: Main Street might look dead, but companies that provide shippable goods have been facing double, triple, or even 10 times their previous demand. Robots, the thinking goes, should be able to reliably do that repetitive physical work when many workers aren’t safely able or willing to set foot in the building. What’s more, access to the technology […]
Job seekers look at pamphlets during a job and resource expo in Concord, California. Did coronavirus kick start the future of work?
The survey’s more interesting findings inform on how job seekers have been approaching their search. About a third of those surveyed believe their current work did not utilize either their skills or training, and 61 percent are actively looking for work in a different industry. Industries singled out include healthcare and technology.
To stay relevant, these job seekers are also seeking opportunities to gain new skills. The survey found that nearly a third of them believe technical skills […]
Imagine a catering business which serves 500 meals a day. One day, they seize an opportunity to grow their business. They automate 90% of the cooking process, and with the same number of employees in the kitchen, they can now prepare 2000 meals a day. A huge 4-times gain in the productivity of human effort!
However, there is another side to this productivity gain. Look at it from the resource perspective – it now requires 4 times more resources to keep the same number of people employed. This is a classic example of how automation is increasing the “Resource Intensity” […]
A woman checks out a jobs advertisement sign during the COVID-19 pandemic in Toronto on April 29, 2020. The Canadian Press Linda Nazareth is host of the Work and the Future podcast and senior fellow for economics and population change at the Macdonald-Laurier Institute in Ottawa.
And today’s recovery is brought to you by the letter ‘K,’ or at least that is how it is beginning to look. Oh sure, some of the indicators are getting us hopeful about a ‘V’ or maybe a ‘U,’ and some pessimists figure we are stuck at ‘L,’ but it would seem that […]
A report has found that the Malaysian job market suffers from a mismatch between workers’ skills and the types of jobs available. (Bernama pic) PETALING JAYA: Former youth minister Syed Saddiq Syed Abdul Rahman has called for a much needed reform of the education and employment systems, as young jobseekers are reported to be finding it increasingly difficult to obtain jobs that suit their abilities and qualifications.
Syed Saddiq said that “it is high time the government works on a matching scheme in which you tie in the demand of corporates to the courses being taught in universities”.
He said science […]
What will be the future of employment be like with the world racing toward automation? | Image credit: Reuters In Meno , Plato wrote about a gifted sculptor, Daedalus, who made such lifelike statues, that they had to be tied up so that they don’t run away. This story perturbed his disciple Aristotle a lot as it made him wonder what would happen to human employment if ‘every tool we had could perform its task, either at our bidding or itself perceiving the need’. In 2020, however, this is not a novel prospect. Most tools we own can, in […]
Gartner recently noted a shift away from data dashboard. Is this a trend that will continue? As businesses collect vast quantities of information from their customers and commercial partners, how can this data be visualized for insights? Is the data dashboard now not fit for purpose
According to Gartner ’s top 10 data and analytical trends of 2020, the use of analytics dashboards will decline being replaced by automated data stories over the next three-to-five years. Is visualizing data about to radically change?
The dashboard has been a cornerstone of data analytics for decades. Is this about to change, as AI […]
In the wake of COVID-19, some economists are calling for developing countries to shift from industrialization to services, or even to bypass the manufacturing stage of development altogether. But blind faith in services-led growth is a dangerous illusion, and the arguments supporting it are deeply flawed.
CAMBRIDGE – As the world prepares for the post-pandemic era, the quest for sustainable economic growth is becoming ever more intense – especially for developing countries. It is tempting to call for these countries – the main engine of global growth in recent decades – to shift their development strategies from industrialization to services. […]
(WhoIsDanny/Shutterstock) What will you be doing on Labor Day in 2030? How about five years from today? Will your job still be available? What skills will your employer demand? Nobody can forecast the future with total certainty, but a conservative reading of the workplace tea leaves suggests labor is in for a bumpy ride as technological advances make some jobs obsolete, while opening up new opportunities.
It’s a safe bet that people employed in the collection and analysis of data will be in demand in 2030. In fact, given the trajectory of big data analytics and artificial intelligence and where […]
An aerial view of Nairobi CBD. FILE PHOTO | NMG Two weeks ago, I wrote about cheap labour not being the industrialisation path for Kenya. I cited the story a young engineer who worked in a company producing bottle caps for 12 hours a day and calculated his labour output for the day as Sh6 million after producing 1.2 million bottle caps before talking about the subject matter of cheap labour.
Now, I had indicated that the reason behind writing the article was to respond to the follow-up analysis that cheap labour was what industrialised the East Asian Tigers but […]