Tag: Technology

Minimum wage rises cause only ‘modest’ job losses, says report

Minimum wage rises cause only ‘modest’ job losses, says report

Increases to minimum wages have only “modestly” increased the risk of job losses due to automation or offshoring, according to a new report by the Low Pay Commission.

The research into the effect of minimum wage increases in the UK over recent years said there was little evidence to suggest increasing rates for the lowest paid workers had a significant adverse effect on job security and employment rates.

The report said some sectors – including manufacturing and retail or roles involving administration, record keeping or call centre operations – were more vulnerable, although the statistics imply that employers have not yet […]

Keep jobs with education, training

Keep jobs with education, training

As a retired midsize company president, I can assure you that boards of directors expect/reward management for lesser employees per unit of output, not more jobs.

The ‘why’ is simple. Using my own manufacturing company metrics of our “fully absorbed benefits” for our factory workers: When it exceeded 50 percent of their average wage (healthcare costs were 37 percent of the 50 percent, with vacation, sick days, leave, holidays, etc., the balance), we accelerated our employee cost/expense reduction planning and strategies to reduce employment levels.

Contrary to political rhetoric, the decades-long job loss in the U.S. has been over 80 percent […]

IMF study highlights how digitization has transformed China

IMF study highlights how digitization has transformed China

How digitization has transformed China. Source: Shutterstock CHINA has grown to become a force to reckon with thanks to its championing of artificial intelligence (AI), 5G, and other new and emerging technologies. A new study by the International Monetary Funds (IMF) takes a hard look at the country’s digitization achievements so far.

Despite the debates and discussions that the US-China trade war is certain to make an impact on technology, China’s digital economy is expected to continue to expand rapidly. US-CHINA STRAIN MUCH BIGGER THAN TRADE WAR SAYS NUS PROFESSOR 0are quoted to have revitalized the economy.

Thanks to digitization, businesses […]

How Will Automation, AI Impact Healthcare Employment?

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 […]

Guarantee Jobs …to Robots?

Earlier this week, and just months before the Lok Sabha elections, Congress president Rahul Gandhi promised guaranteed income for the poor if his party comes to power at the Centre.

For it to fly, the populist plan should also account for a future where technology efficiency will spawn mass unemployment. Gandhi’s income guarantee will have to be expansive and nimble to take the sting out of income disparity and looming social discontent.

Widespread unemployment from technology changes can no longer be dismissed as an alarmist theory, nor can its social impact. Silicon Valley has known this for a while. Everyone, from […]

TECHNOLOGICAL CHANGE AND THE LABOUR MARKET: Higher pay encourages automation of low-wage jobs – but new employment opportunities emerge for those workers

TECHNOLOGICAL CHANGE AND THE LABOUR MARKET: Higher pay encourages automation of low-wage jobs – but new employment opportunities emerge for those workers

Higher costs of employing staff in low-wage occupations expedite the automation of those jobs that involve routine cognitive tasks. But unlike the automation of middle-income occupations, low-wage automation is not nearly as costly for individual workers since there is offsetting growth in the availability of similarly paid jobs. For example, the introduction of self-scanners in retail outlets replaces cashiers but creates new jobs that require workers to assist or monitor customer usage with the technology.

These are the central findings of research by Daniel Aaronson and Brian Phelan , which is published in the January 2019 edition of The Economic […]

25 per cent jobs will be impacted by automation

25 per cent jobs will be impacted by automation

Research analyst Rob Maxim said in a tweet that the report finds artificial intelligence "will lead to neither apocalypse nor utopia", but that "disruption will be real".

The researchers, examining some 800 occupations, concluded that roughly 25 percent of U.S. employment, or 36 million jobs in the United States, would face "high exposure to automation" in the coming decades. Such jobs are deemed "high risk", with over 70 percent of their tasks potentially automatable. But it’s likely that automation will happen more swiftly during the next economic downturn. Self-checkout kiosks and computerized hotel concierges will do their part. The former […]

25 per cent US jobs will be impacted by automation

25 per cent US jobs will be impacted by automation

Automation threatens a quarter US jobs by 2030: study – Xinhua | English.news.cn Approximately 25 percent of USA employment will "face high exposure" to automation by 2030, with greater than 70 percent of current task content at risk of replacement, a study from the Brookings Institution has found. The former – which includes roles like packaging machine operator, delivery service driver and retail salesperson – has an average automation potential of 55 percent, compared with 24 percent susceptibility among the latter. Men, youth, and under-represented groups will be the most affected among demographic groups.

While the timeframe is vastly imprecise, […]

New positions are created despite some jobs being made obsolete by AI —Accenture

New positions are created despite some jobs being made obsolete by AI —Accenture

While a number of jobs at Accenture was lost due to artificial intelligence (AI), an official of its Philippine office said these were mostly replaced by the new jobs created in the process.

“We have anticipated this. We know the impact of technologies and because of technology, there are some jobs that were at risks of being automated, but there were also new jobs created,” said Accenture Philippines country managing director Lito Tayag.

Tayag cited results of a study by Accenture, called “Reworking the Revolution,” which showed new jobs are being created in the industry.The study noted a “net gain” on […]

Why your job may be disappearing

Why your job may be disappearing

Share this article For more than 50 years now, intellectuals like Herman Kahn have been predicting a future where very few of us will work. Yet unemployment is no worse than it’s ever been. Reasonably enough, most of us have stopped worrying about it. But recent developments in automation and artificial intelligence have sharply increased the chances that your job’s going away — and probably far sooner than you think. What Business Leaders Say (and What They Really Think)

Until very recently, common assumptions about the future of work — and specifically, the impact technology on employment — […]