Tag: Technology

America’s ‘good’ jobs going to these workers

America's 'good' jobs going to these workers

While the economy is strengthening and employment opportunities are expanding in the wake of the financial crisis, the outlook for some workers is stronger than others, a new report shows.

According to a study by researchers from Georgetown University, the number of “good” jobs available to prospective workers with different skillsets has changed dramatically since the late 1900s.

“Since the 1980s, good jobs in industrial America have been under attack by four interrelated economic trends: globalization, automation, upskilling and the shift in good jobs away from manufacturing toward skilled-services industries such as information technology and healthcare,” researchers wrote.While workers with a […]

AI will cause role changes, not necessarily job losses: Studies

AI will cause role changes, not necessarily job losses: Studies

With automation, salary levels will go up due to specialisation of skillsets. MUMBAI: More than half of generic work profiles are facing the risk of disruption over the next two years due to automation, according to an estimate by Teamlease Services . However, this does not necessarily imply job losses as automation would throw up new job profiles for those getting substituted, experts said.

A Teamlease Services study, based on data from secondary sources, estimates 52-69% of repetitive and predictive roles in sectors including IT, financial services, manufacturing, transportation, packaging and shipping to get exposed to the risk of automation […]

10 states where robots are most likely to steal human jobs

10 states where robots are most likely to steal human jobs

Automation is a technology trend that will impact various sectors of economic life this century.

Smart Asset, a financial technology company that provides online advice about personal finance decisions, recently released a study which calculated which states have jobs that are most vulnerable to automation.

They looked at Bureau of Labor Statistics and research studies done at Oxford University. Smart Asset found that of the top 10 states with jobs most vulnerable to automation, three came from the Great Plains and six came from the South. Because of the rate at which technology is progressing, […]

On Interest Rates, Technological Job Automation and Inflation

On Interest Rates, Technological Job Automation and Inflation

In the battle of Human vs. Technology, do we win? Recent developments have meant it’s time to take a look at the wider economic picture again. Yes that’s right, we’re talking about the US Federal Reserve hiking interest rates last week as concerns of an overheating economy come to the fore, the World Economic Forum’s report that artificial intelligence and robotics will overtake humans at performing tasks in the workplace by 2025 and Jim Cramer, famed host of CNBC’s Mad Money show claiming that the Fed is wrong to hike rates given technological disruption of the workforce by Silicon […]

Long Before the Day After

Long Before the Day After

In Greek mythology, Talos was an automaton that protected Europa in Crete from pirates and invaders: Wikimedia Book: 21 Lessons for the 21st Century
Author: Yuval Noah Harari
Publication: Jonathan Cape
Pages: 368
Price: 799 The Israeli historian Yuval Noah Harari earned fame with Sapiens, a wonderfully lucid prehistory of the human race for the lay reader, and disappointed a little with Homo Deus, a speculation on the eventual future of the human race. Sapiens made the reader think afresh — even the reader familiar with Denisovans and the debate about the cultural accomplishments of […]

Humans Shouldn’t Fear Workplace Robots, at Least Not Yet

Humans Shouldn’t Fear Workplace Robots, at Least Not Yet

Stopping short of a workforce takeover, supplemental robots — called cobots — are offering unexpected benefits to humans in the manufacturing process.

Shutterstock

(TNS) — During more than 25 years as a factory worker, David Young has seen a parade of robots take over tasks he and his colleagues used to do by hand.So Young, a machine operator, isn’t fazed by the sleek new “cobot” — collaborative robot — perched at his workstation at Kay Manufacturing in Calumet City, Ill.The silver cobot, resembling a modern desk lamp, is being trained to do visual inspections of the automotive parts that […]

Manufacturers adopt robots that help human workers, not replace them. For now

Manufacturers adopt robots that help human workers, not replace them. For now

During more than 25 years as a factory worker, David Young has seen a parade of robots take over tasks he and his colleagues used to do by hand.

So Young, a machine operator, isn’t fazed by the sleek new "cobot—collaborative robot—perched at his workstation at Kay Manufacturing in Calumet City, Ill.

The silver cobot, resembling a modern desk lamp, is being trained to do visual inspections of the automotive parts that Kay makes, its arm rotating the part so that an attached camera can detect any defects.It’s a task Young says he won’t miss doing himself, just as he doesn’t […]

Embracing plant management software: Tetra Pak launches Plant Secure and Industry 4.0

Embracing plant management software: Tetra Pak launches Plant Secure and Industry 4.0

The process begins with a detailed audit of the producers operations, allowing Tetra Pak to produce suggestions that will allow for cost-saving suggestions throughout the entire operation. Credit: Courtesy of Tetra Pak Plant Secure will form a key aspect of what Tetra Pak is calling Industry 4.0, the digitalisation of manufacturing which has moved it into a fourth industrialisation. Credit: Courtesy of Tetra Pak Tetra Pak has teamed up with Microsoft to use its HoloLens technology, which will allow companies to speed-up response times. Credit: Courtesy of Tetra Pak® Plant Secure

The process begins with a detailed audit […]

Next recession to usher in wave of artificial intelligence

Next recession to usher in wave of artificial intelligence

Major corporations are gearing up for a surge in robotics-based technology over the next decade and Europe needs to do the same. Photo credit: Lorna Hutchinson The European Union needs to brace itself for the prospect of a new wave of technology and productivity resurgence in ten to fifteen years’ time, spearheaded by the implementation of AI and robotics innovations.

This was the message introduced by Stefan Crets, Executive Director of CSR Europe, who, opening the high-level event, said that digitisation required a new agility in the workplace and a new way of collaborating.

“The future of work is determined by […]

My Say: The centrality of decently paid jobs

My Say: The centrality of decently paid jobs

This article first appeared in Forum, The Edge Malaysia Weekly, on October 15, 2018 – October 21, 2018.

I want to start by offering a vision for Malaysia’s future: Society’s income distribution will transition from its current triangle shape, which is large at the bottom, into a more equitable diamond structure, anchored in the centre by a strong and stable middle class.

Each of us in the New Malaysia will have to do some hard thinking about how to translate this vision into reality.We must be clear that Pakatan Harapan did not win the last election by fanning racial, religious or […]