Robots are not yet killing off all our jobs: World Bank chief economist

Robots are not yet killing off all our jobs: World Bank chief economist

An assembly line robot at an exhibition at the Grand Palais in Paris, France, on Nov 22, 2018. BRUSSELS (BLOOMBERG) – The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist said, despite common gloomy predictions that humans are set to be replaced by machines.

While advanced economies have shed industrial jobs over the last two decades, the rise of the same sector in East Asia has more than compensated for the loss, according to an annual report published by the Washington-based international financial institution.

"This fear that robots […]

Robots aren’t yet killing off all our jobs, World Bank says

Robots aren't yet killing off all our jobs, World Bank says

Robotic arms insert shock absorbers on a line of vehicles on the assembly line at the Volkswagen factory in Wolfsburg, Germany, on Oct. 30, 2018. (Krisztian Bocsi/Bloomberg News) The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist says, despite common gloomy predictions that humans are set to be replaced by machines.

While advanced economies have shed industrial jobs over the last two decades, the rise of the same sector in East Asia has more than compensated for the loss, according to an annual report published by the […]

The skills we need heading into uncertain times

The skills we need heading into uncertain times

Futurelearning

Futurists and other experts consider the kind of thinking that will equip us best.

Dr Stephanie Pride studied for a Bachelor’s degree in English at the University of Oxford in the UK and then received a Commonwealth Scholarship to study in the English programme at Victoria University of Wellington, where she completed a PhD on Katherine Mansfield, Robin Hyde and Janet Frame.“Both times people said to me, ‘Don’t do an English degree, you won’t be able to get a job.’ But 30 years on I have never been anything other than gainfully employed.”Pride is currently gainfully employed as […]

Robots Not Stealing Our Jobs, World Bank Says

Robots Not Stealing Our Jobs, World Bank Says

Automation has little effect on global labour market, despite worries that robots will remove many jobs The threat of automation to the global jobs market may not be as widespread as first thought, according to new a report by the World Bank.

The report on the changing nature of work , found that the rise of automation has so far had a negligible impact on jobs at a global scale.

This is despite concerns that human jobs will soon be replaced by machines in the years ahead. Employment, Jobs © Luna Vandoorne Shutterstock 2012 The report did admit that industrial jobs […]

Does automation really mean more job losses?

Despite fears that automation could result in job losses and poverty, a new report from the World Bank has now shown that, so far, the impact it’s having globally is still small. In the latest effort to assess the effects of new technologies on employment levels, the report looks at the nature of work in the future.

This is different to previous studies, which mostly forecast that automation will result in more losses than will be created. Across the world, a rising number of industries are beginning to replace low-paid jobs with machines. This has led to the opinion that […]

AI Will Create Millions More Jobs Than It Will Destroy. Here’s How

AI Will Create Millions More Jobs Than It Will Destroy. Here’s How

In the past few years, artificial intelligence has advanced so quickly that it now seems hardly a month goes by without a newsworthy AI breakthrough . In areas as wide-ranging as speech translation, medical diagnosis , and gameplay , we have seen computers outperform humans in startling ways.

This has sparked a discussion about how AI will impact employment . Some fear that as AI improves, it will supplant workers, creating an ever-growing pool of unemployable humans who cannot compete economically with machines.

This concern, while understandable, is unfounded. In fact, AI will be the greatest job engine the world has […]

Will automation and AI give us four-day weekends – or simply leave us without jobs?

Will automation and AI give us four-day weekends – or simply leave us without jobs?

Assembly line robots have already taken over from humans in many manufacturing jobs, but will machines be replacing us in many other fields in future? (Photo: FRANCOIS GUILLOT/AFP/Getty Images) Artificial Intelligence expert Toby Walsh looks ahead to the work revolution coming our way, when robots are predicted to take over

In 1900 many people worked in dreadful conditions, doing repetitive and tedious jobs. The streets were full of horses and carts. Life expectancy for someone born that year was just 41. Wind forward to 1962 and working conditions had greatly improved. The streets were full of cars and trucks […]

World: Information Sur Hoy

The Taoiseach has said many professions could be affected, meaning people will need to upskill and retrain.

LEO VARADKAR HAS warned that robots and artificial intelligence (AI) pose a risk to people’s jobs.

When asked about how this could impact workers in Ireland, the Taoiseach said most jobs are “vulnerable to digitalisation or automatisation”, adding: “The important thing now is that we think ahead.“Almost anyone in employment at all levels could potentially lose their jobs as a result of AI, robotics or automation.“Even some jobs done by doctors – looking at slides could well be done by machines much […]

Turning on the taps of global talent pipelines

Turning on the taps of global talent pipelines

We report from the CIPD 2018 conference on the changes in recruitment that will be created by AI technologies thereby reducing the skills gap. This article is taken from the latest issue of Relocate magazine. – the must read for HR, global managers and relocation professionals. Getting the right people in the right place at the right time is becoming more pressured. Survey after survey point to low applicant rates, high numbers of unfilled vacancies and skills shortages in key sectors. Brexit takes it to another level in some sectors. But could this be about to change? Ruth Holmes […]

THE CHANGING NATURE OF WORK

THE CHANGING NATURE OF WORK

Print Edition

Features As technology advances, firms adopt new methods of production, markets expand, and societies evolve. Firms rely on new technologies to better use capital, overcome information barriers, outsource, and innovate. Workers, firms and governments are building new comparative advantages as conditions change. For example, by being the first to adopt 3-D technologies, Danish firms strengthened their hold on the global market for hearing aid products in the 2000s.

The Indian government invested in technical universities across the country, and subsequently India became a world leader in high-tech sectors. By integrating into global value chains, Vietnamese workers developed […]