Tag: Technology

Robots May Replace A Lot More Human Jobs By 2022

Robots May Replace A Lot More Human Jobs By 2022

The Why Axis Human Machine Working Hours The rise of AI and automation has implications on productivity, wages, employment, and more as robots start performing more and more jobs once done by humans.

According to a report from the World Economic Forum (WEF), " The Future of Jobs 2018 ," 52 percent of current job tasks will be performed by robots by 2025. The study found that automation could eliminate 75 million jobs by 2022 in sectors such as accounting, assembly plants, customer management centers, and postal services.

But the report also estimates that this "robot revolution" will create a […]

Rest Easy, Sort of: AI Will Create More Jobs Than It Destroys

Rest Easy, Sort of: AI Will Create More Jobs Than It Destroys

Artificial intelligence, robotics and the fourth industrial revolution are setting the stage for a massive, global expansion in job creation, according to a new report released by the World Economic Forum .

Entitled “ The Future of Jobs ”, the report predicts that although the new technology will wipe out 75 million jobs worldwide by 2022, 133 million new jobs will be created in their place. The Swiss organization behind the annual agenda-setting Davos summit claims that on the whole, the robot revolution will by far deliver a net positive contribution to employment. Smooth Sailing or Storms Ahead?

The […]

Autonomous Trucks Still Down the Road

Autonomous Trucks Still Down the Road

Driverless haul trucks rumble over trails at Rio Tinto’s Mine of the Future in Western Australia. Ned Ludd never drove a truck. They didn’t exist in 1779 when, folklore says, he smashed a weaving machine in a “fit of passion.” This the young Englishman did after being beaten by his boss for idleness, or simply being told by his father, also a weaver, to “square his needles”—the accounts of the long-ago event vary. Indeed, Ludd the man may never have existed, but in the next century, textile workers who protested the introduction of job-killing machinery, sabotaging a lot of […]

Technology May Cost Millions of Jobs in South East Asia, Experts Warn

Technology May Cost Millions of Jobs in South East Asia, Experts Warn

JABER ALSABAH WRITES — At the 2018 World Economic Forum in Hanoi from September 11 to 13, experts warned that technological advancements such as automation could result in employment losses for roughly 6.6 million workers.

Automation is the use of machines and technology to make processes run without manpower. For example, automobile assembly lines would require fewer people to build cars.

This prediction is of particular relevance to countries such as Vietnam, Indonesia and Thailand, where manufacturing relies heavily on millions of flesh and blood workers. According to Phu Huynh of the International Labor Organization, workers most affected by automation would […]

Kettering students learn about automation in Hyundai CRADLE competition

Kettering students learn about automation in Hyundai CRADLE competition

Kettering University students will try to answer the question “How do you create new jobs when white collar jobs have been displaced due to automation?” in a new competition sponsored by the Hyundai Center for Robotic-Augmented Design in Living Experiences (CRADLE).

Kettering’s School of Management is hosting the competition, and students in majors across the University are competing.

“It’s a really cool opportunity for younger generations that are still learning a lot and will grow up in field of automation,” said Emily Kurburski ’20. “It’s understanding how we’re going to learn to adopt it in industries and teach people across different […]

World Economic Forum Forecasts Machines Will Do More Work Than Humans by 2025

World Economic Forum Forecasts Machines Will Do More Work Than Humans by 2025

The WEF has a prediction that should get people’s attention because of the rapid entry of smart machines into the workplace. According to the experts, the world of employment is about to experience a revolution because of computers, robots and automation, and humans will find themselves priced out by machines that are cheaper and don’t require lunch breaks.

See the full report here: The Future of Jobs Report 2018 .

The report says that millions of new jobs will be created to replace the ones lost, so not to worry, except that those new jobs will require technical training. Retraining employees […]

How can “Make in India” evolve?

How can “Make in India” evolve?

Re-skilling the existing workforce and developing technology skills in students should be made national priority.

A manufacturing line at Dell India’s facility at Sriperumbudur. The ‘Make in India’ vision is grand: Prime Minister Narendra Modi hopes to create 100 million jobs by 2021 and spur the development of middle class that will power the Indian economy in the near future. This ambitious program is designed to turn the subcontinent into a “global manufacturing hub” and increase jobs by providing a fresh impetus to the economy. Running high on this momentum, the government geared the union budget to aid […]

Automation in a low-wage country

Automation in a low-wage country

Robots are common in car production: VW production line in Puebla, Mexico. © Lossie/picture-alliance/dpa

Evermore industrial robots are being used in Mexico, where the potential for automation is great. To what extent robots will really replace low-wage labour remains to be seen however.

Mexico has historically been a low-wage economy. In the past, the USA’s southern neighbour mostly attracted foreign investors with low production costs which basically resulted from cheap labour. Among the members of the OECD (Organisation for Economic Co-operation and Development), a club of advanced economies, Mexico has the lowest minimum wage. It is a mere 88.36 pesos per […]

Artificial Intelligence threatens ASEAN jobs

Artificial Intelligence threatens ASEAN jobs

Agriculture will be the hardest hit sector as about 6.6 million labourers will be made redundant by 2028. (Photo: VNA)
Jakarta (VNA) – Some 28 million labourers in ASEAN’s top six economies are likely to become unemployed due to digital transformation and acceleration of the Fourth Industry Revolution.

In the Report “Technology and the Future of ASEAN Jobs”, experts forecast that artificial intelligence (AI) in software, hardware and robotics will change the employment landscape among ASEAN’s six largest economies of Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
Agriculture will be the hardest hit sector as about 6.6 million labourers […]

Technology will reduce the 73 million jobs

Technology will reduce the 73 million jobs

According to the report, The Future of Jobs in 2018 (the”Future jobs 2018″) issued by the world economic forum (WEF) in collaboration with the partners of the research — the Eurasian competitiveness Institute and Strategy Partners consulting, the introduction of new technologies will allow to reduce until 2022 75 million jobs, although this will create 133 million new jobs According to the authors of the study, the pace of integration of machines and algorithms in the labour market will increase significantly — from 29 % of all working hours in 2018 to 42 and 52% in 2022 and 2025, […]