How Technology and Automation Are Reshaping Wage Structures

How Technology and Automation Are Reshaping Wage Structures

Table of Contents 1. The Impact of Automation on Job Creation and Destruction

2. Rethinking Wage Determination in an Automated Economy

3. Skill Gaps and the Rising Demand for Technology-Savvy Workers 4. The Role of Artificial Intelligence in Wage Inequality 5. Geographic Disparities: How Automation Affects Different Regions 6. The Future of Work: Adapting Wage Structures for Remote Employment 7. Policy Implications: Balancing Automation and Fair Compensation Final Conclusions 1. The Impact of Automation on Job Creation and Destruction Automation has revolutionized industries, driving both job creation and destruction in […]

How the future will affect us

How the future will affect us

Public Services and Procurement Canada is using automation to help with tasks like processing retroactive payments outlined in new collective agreements and leave-without-pay entries, which used to be processed manually by compensation advisors. Getty Images Article content

In the coming years, emerging technologies will profoundly reshape nearly every aspect of human life, influencing how we work, communicate, manage our health, and interact with our surroundings. These innovations promise a future that is more efficient, connected, and personalized, impacting the lives of ordinary citizens in significant ways.

Advertisement 2This advertisement has not loaded yet, but your article continues below.Article contentOne of […]

The geography and determinants of ‘new work’ in the United States

The geography and determinants of ‘new work’ in the United States

Web developer job advert in newspaper The evolution and changing content of work is a defining feature of advanced economies. The most advertised jobs in 1990 did not exist as job titles in the 1950s (Atalayt al. 2020) and 63% of employment in 2018 was performed in jobs that did not exist in the 1940s (Autor, Chin, Salomons, and Seegmiller, 2024). An economy’s capacity to create tasks and functions that culminate into distinctly new types of jobs – ‘new work’ – is crucial for maintaining employment and continued economic prosperity (Autor, 2015). Jobs described as “data warehouse architect”, “internet […]

Robots and wage polarisation

Robots and wage polarisation

VoxEU Column Labour Markets Productivity and Innovation In recent years, the rapid integration of industrial robots into manufacturing processes has spurred significant debate among policymakers and economists. The discussion centres around the transformative effects of automation on employment and the distribution of wages, especially in economies with substantial industrial sectors like the US. This column examines how the rise of robot capital has influenced wage polarisation across different occupations from 1990 to 2007, shedding light on the mechanisms driving these changes. The growing role of robots in industry

Industrial robots have revolutionised factory production over the past three decades, […]

International Journal of Advanced Research in Science, Communication and Technology (IJARSCT)

International Journal of Advanced Research in Science, Communication and Technology (IJARSCT)

IJARSCT ISSN (Online) 2581-9429

International Open-Access, Double-Blind, Peer-Reviewed, Refereed, Multidisciplinary Online Journal

Copyright to IJARSCT 49www.ijarsct.co.inImpact Factor: 5.731The Impact of Artificial Intelligence on JobMarket and Workforce Automation Prof. Kajal Mehta and Rishikesh PradhanAssistant Professor and Research ScholarSt. Rock’s College of Commerce and Science, Borivali (W), Mumbai, IndiaAbstract : AI, encompassing machine learning and robotics, revolutionizes industries, enhancing efficiency and innovation. However, it sparks concerns about job displacement, especially in sectors like manufacturing and customer service, potentially encroaching on human tasks. Despite this, AI fosters new roles in data science, AI development, and human-machine collaboration, demanding ongoing learning. […]

ILO’s call for empowering youth for decent work and sustainable development in Bangladesh

ILO’s call for empowering youth for decent work and sustainable development in Bangladesh

Statement

On the occasion of International Youth Day, the International Labour Organization, Bangladesh acknowledges the political transitions the country is undergoing, and appreciates young people for leading such a transition with a quest for fairness, freedom, equity and justice. We are confident that the country will succeed in a peaceful political transition, providing productive and decent work opportunities for young people in the days ahead.

12 August 2024The theme for this year’s Youth Day is “From Clicks to Progress: Youth Digital Pathways for Sustainable Development,” which has been chosen to celebrate young people’s contribution to advancing digital technologies, which has impacted […]

The Rise of Android Workers: A Glimpse into the Future

The Rise of Android Workers: A Glimpse into the Future

In the coming years, a new era dawns as technology continues its relentless march forward. Gone are the days of mere speculation; we are now witnessing the birth of a revolution that will shape industries across the globe.

While once confined to the realm of science fiction, the advent of humanoid robots is now upon us. These anthropomorphic machines, capable of emulating human movements and tasks, present a monumental opportunity for progress.

Industry giants such as Boston Dynamics have already made significant strides in the field of robotics, with their innovative creations paving the way for a […]

Labour unions and its’ role in AI automated workplace

Labour unions and its’ role in AI automated workplace

Introduction

Labour unions or the trade unions are the organizations formed by coming together of collective members from different fields and professions advocating for their rights and interests. Such unions represent their members i.e. employees to the employer addressing their respective issues relating to matters of wages, working hours, working conditions and advocating social policies that impact workers. Unions may significantly raise employment standards and job security by uniting workers and using their collective strength to accomplish these goals.

In today’s world labour unions play a crucial role in protecting and sustaining workers and employees in the era of […]

Pioneering AI in the digital age

Pioneering AI in the digital age

Alex Galbraith at SoftwareOne shares key takeaways from the London AI Summit Artificial Intelligence (AI) represents a transformative force with the potential to revolutionise society, from healthcare and education to finance and entertainment. By automating complex tasks, enhancing decision-making processes, and enabling new levels of personalisation and efficiency, AI stands at the forefront of technological advancement.

Recognising this potential, SoftwareOne attended the annual AI Summit at Tobacco Dock in London earlier this summer, to explore practical and profitable AI implementations. Here are our top five takeaways to help guide organisations on their AI adoption journey.

1 The human-machine balance One […]

Amazon Is Testing Speedy Delivery Service Featuring Kia Souls

Amazon Is Testing Speedy Delivery Service Featuring Kia Souls

Amazon contract workers sort packages for delivery in New York. (Angus Mordant/Bloomberg) (Bloomberg) — Amazon.com Inc. has deployed a new secret weapon in its same-day delivery operation: a convoy of Kia Souls.

The boxy little vehicles, already zooming around metro areas such as Seattle and Dallas, are a recent addition to the company’s six-year-old Delivery Service Partner initiative, which outsources the hiring and management of drivers to small contracting firms that typically lease Prime-branded trucks and vans.

While van drivers mostly work full shifts hauling 200 or more packages, the Kia drivers are usually part-timers who might bring 50 items on […]