Tag: Technical

Study Finds Job Automation to Slam Low-Wage Cities Such as Las Vegas, El Paso

As much as 65% of jobs in some metropolitan areas of the United States could be automated within the next 20 years, according to new research from the Institute for Spatial Economic Analysis, conducted by the University of Redlands in Redlands, California.

The ISEA analysis finds that job automation will impact low-wage metro areas such as Las Vegas, Nevada; El Paso, Texas; and Riverside-San Bernardino, California, harder than high-tech, higher-wage regions like California’s Silicon Valley and Boston. The findings say 65.2% of jobs in Las Vegas could be automated. El Paso could see 63.9% of its jobs no longer taken […]

My Say: The future of inequality and what we can do about it

My Say: The future of inequality and what we can do about it

As we think of the future in a world of Deep Learning Artificial Intelligence (AI) — where machines are created to “think” the way a human brain does — the question of jobs is a crucial one. Machines have been making routine jobs obsolete for scores of years, now they are capable of making even non-routine jobs obsolete. I have, in a previous column, discussed what the future of education should look like in a world such as this, arguing that our ability to be human is our strongest defence against the rising tide that is to come.

In this […]

A. Barton Hinkle: There’s more to a job than just making money

A. Barton Hinkle: There's more to a job than just making money

Men at work in New York City. “The most fundamental cause of economic poverty,” said Richmond’s 2013 poverty commission report , “is inadequate access to remunerative employment — that is, to good, steady jobs.”

The absence of work causes other kinds of poverty, too. As Harvard economics professor Edward Glaeser points out in a new article for City Journal , “jobless husbands have a 50 percent higher divorce rate than employed husbands.” The loss of a job inflicts a much greater degree of unhappiness than a reduction of income does. A loss of income likewise causes much less divorce, and […]

Don’t Hate Robots, They Just Want You To Have A Cooler Job

Don't Hate Robots, They Just Want You To Have A Cooler Job

Collin Anderson Technology is indeed eliminating jobs, but mostly routine tasks that young people spurn. It is also giving people a chance to recycle their working selves into something interesting.

-Analysis-

BUENOS AIRES — What if the proliferation of robots and progress of automation were good for work, rather a generator of unemployment? Could robots boost job motivation and help create healthier, more attractive jobs?Since the economist Jeremy Rifkin published The End of Work in 1995, technology has become the bogeyman of employment. Economists, sociologists and politicians have been predicting a future in which technology destroys jobs , […]

Editorial: Robots are here (and they’re coming to take your job)

Editorial: Robots are here (and they're coming to take your job)

In 1967, a prominent Roanoke business leader spoke to the Elks Club about changes that were starting to take place in the economy. Davis Elliott assured his listeners they didn’t have to worry that automation would someday replace actual human workers.

“Never fear automation,” Elliott said, “because if world population doubles in the next 35 to 40 years, they can’t produce people fast enough to look after all the machines.” Technically, Elliott was right — because we’re now long past his 35-40-year time frame. Look what’s happening, though: We’re about to have robots rolling down sidewalks in Virginia.

This is not […]

Robocalypse Now? Central Bankers Argue Whether Automation Will Kill Jobs

Robocalypse Now? Central Bankers Argue Whether Automation Will Kill Jobs

“All the signs now point to a strengthening and broadening recovery in the euro area,” Mr. Draghi said. His comments pushed the euro to almost its highest level in a year, though it later gave up some of the gains.

But along with the optimism is a fear that the economic expansion might bypass large swaths of the population, in part because a growing number of jobs could be replaced by computers capable of learning — artificial intelligence.

Policy makers and economists conceded that they have not paid enough attention to how much technology has hurt the earning power of some […]

Robocalypse Now? Central Bankers Argue Whether Automation Will Kill Jobs

Robocalypse Now? Central Bankers Argue Whether Automation Will Kill Jobs

SINTRA, Portugal — The rise of robots has long been a topic for sci-fi best sellers and video games and, as of this week, a threat officially taken seriously by central bankers.

The bankers are not yet ready to buy into dystopian visions in which robots render humans superfluous. But, at an exclusive gathering at a golf resort near Lisbon, the big minds of monetary policy were seriously discussing the risk that artificial intelligence could eliminate jobs on a scale that would dwarf previous waves of technological change.

“There is no question we are in an era of people asking, ‘Is […]

It’s time to build skill sets for the future

It’s time to build skill sets for the future

The disruptions across the world are coming from mainly three technologies: Big Data, Internet of Things and Artificial Intelligence. FILE PHOTO | NMG I travelled to Ottawa, Canada, last week to attend a workshop sponsored by the International Development Research Centre (IDRC). The workshop’s theme was ‘‘Digitization and the Future of Work: Building a development-oriented research agenda.’’

Some of the questions that the workshop sought to address included: How will the automation of work impact emerging countries? What are the sources of learning that can be relied upon to support future jobs? How can governments prepare their citizens to thrive […]

Editorial: Robots are here (and they’re coming to take your job)

Editorial: Robots are here (and they're coming to take your job)

In 1967, a prominent Roanoke business leader spoke to the Elks Club about changes that were starting to take place in the economy. Davis Elliott assured his listeners they didn’t have to worry that automation would someday replace actual human workers.

“Never fear automation,” Elliott said, “because if world population doubles in the next 35 to 40 years, they can’t produce people fast enough to look after all the machines.” Technically, Elliott was right — because we’re now long past his 35-40-year time frame. Look what’s happening, though: We’re about to have robots rolling down sidewalks in Virginia.

This is not […]

Billionaire Warren Buffett says ‘the real problem’ with the US economy is people like him

Billionaire Warren Buffett says 'the real problem' with the US economy is people like him

Warren Buffett says people like him are the problem with the U.S. economy.

With a net worth of more than $75 billion , Buffett is currently the second richest man alive , according to Forbes. As the CEO of investing house Berkshire Hathaway , he is hallowed as the Oracle of Omaha. But for all his personal success, Buffett says the issue really is the 1 percent.

"The real problem, in my view, is — this has been — the prosperity has been unbelievable for the extremely rich people," says Buffett on PBS Newshour ."If you go to 1982, when Forbes […]