Joe Biden is Right to Attack Giving Every American a Universal Basic Income

Joe Biden is Right to Attack Giving Every American a Universal Basic Income

Former Vice President Joe Biden once again just tore apart a new no-strings-attached welfare idea. If jobs disappear because of technology, the government should not just dole out cash handouts to Americans with no strings attached.

Universal basic income is a welfare system in which a federal government regularly sends out checks to all Americans regardless of employment or earnings. In essence, it’s giving away money for nothing.

Tech CEOs are now pushing the universal basic income idea as a response to the technological advances in artificial intelligence and automation potentially eliminating millions of jobs. Richard Branson calls universal basic income […]

G7 labour ministers look to set plan for tech disruption in workforce

OTTAWA — A group of G7 ministers handling how governments help workers caught in the churn of a rapidly changing labour market will sit down starting today to hammer out a path through the employment storm.

Labour Minister Patty Hajdu says a key goal for the two-day meeting in Montreal will be to create an employment task force that will undertake research and craft recommendations on priority areas for the group of seven countries.

She says there will also be talk about how to help older workers stay in the workforce longer, an issue several governments have looked into in order […]

‘Make in India’ loses track, while country focuses on employment in IT sector

‘Make in India’ loses track, while country focuses on employment in IT sector

India is unable to create millions of low-skilled jobs in manufacturing and industry, while employment is getting concentrated in the highly skilled IT and financial services and in low-productivity agriculture. Speaking at the Rising India event organised by a media group last week in Delhi, well known American economist Paul Krugman, who won the Nobel Prize in 2008 for his work on international trade theory, said India has achieved rapid pace of (economic) transformation in the last 30 years, but it still suffers from high degree of economic inequality, visible poverty and poor infrastructure. Talking about challenges facing India, […]

Fact check: Trump’s claim that China caused 60,000 US factories to close

"We’ve lost, over a fairly short period of time, 60,000 factories in our country — closed, shuttered, gone. Six million jobs, at least, gone." — President Donald Trump, in remarks at the White House announcing tariffs on Chinese imports, March 22, 2018

Long before he was president, Donald Trump complained that China was "taking all our jobs." Now, with the executive branch at his command, Trump is getting even with a plan to impose $50 billion to $60 billion in tariffs on Chinese imports.

The president says China’s economic boom has come at the expense of U.S. manufacturers. To illustrate […]

Automation to impact half of jobs in the next decade, says RBC study

Automation to impact half of jobs in the next decade, says RBC study

Life and health insurance New research by RBC says that 50 per cent of Canadian jobs will be disrupted by automation in the next 10 years.

The RBC research paper , Humans Wanted – How Canadian youth can thrive in the age of disruption , says that because of this disruption, Canada’s young people who are currently transitioning from education to employment are unprepared for the rapidly changing workplace.

The study, released today, says that with a shift occurring from a jobs economy to a skills economy, young people will require a portfolio of "human skills" to remain competitive and resilient […]

Raghuram Rajan: Jobs That Require Empathy, Creativity Are Safe From AI

Raghuram Rajan: Jobs That Require Empathy, Creativity Are Safe From AI

Advertisement Raghuram Rajan at The University of Chicago Booth School of Business “What jobs will humans be able to do in 10 or 15 years that are immune from threat from robots or machines?” This question was at the centre of former Reserve Bank Of India (RBI) governor Raghuram Rajan’s keynote address at the #FUTURE Global Digital Summit at Kochi on Saturday.

Expressing concern over the fact that more and more jobs — both skilled as well as unskilled — were being taken over by AI, Rajan reiterated that it nonetheless necessary to embrace technology.

Rajan told the audience, “Jobs that […]

President Trump’s claim that China caused 60,000 U.S. factories to close

President Trump’s claim that China caused 60,000 U.S. factories to close

“We’ve lost, over a fairly short period of time, 60,000 factories in our country — closed, shuttered, gone. Six million jobs, at least, gone.”
— President Trump, in remarks at the White House announcing tariffs on Chinese imports , March 22, 2018

Long before he was president, Donald Trump complained that China was “ taking all our jobs .” Now, with the executive branch at his command, Trump is getting even with a plan to impose $50 billion to $60 billion in tariffs on Chinese imports.
The president says China’s economic boom has come at the expense of U.S. […]

Bain forecasts 10-15 year automation driven economic boom but many impacts from wages losses and job losses

Bain forecasts 10-15 year automation driven economic boom but many impacts from wages losses and job losses

Bain Consulting forecasts that the coming phase of automation could eventually eliminate up to 50% of all current jobs. The job activity analysis only suggests the potential of technology to replace humans with hardware and software. It does not take into account the actual market conditions that would lead businesses to automate all work that could be automated. To arrive at an estimate of the likely impact of automation, they looked at the market context within which it could happen, considering four major factors:
1. job scarcity;
2. the impact of automation on the overall cost of a product […]

Automation destroying jobs

Automation destroying jobs

5 million new jobs, 20 Aug 2017 Weak wage growth could already be a sign of automation creating an economy in which small number of very rich employ armies of poor. One researcher warns that if we don’t fix job displacement caused by technology we could face a global crisis. Many jobs are likely to disappear due to technology and automation, but many more are likely to be created. Automation, jobs, What people forget is that when there are innovations that destroy jobs—and, as I say, Can Trump stop the automation revolution and save US jobs? […]

Job Automation Should Be Celebrated, Not Feared

Job Automation Should Be Celebrated, Not Feared

Transitioning to a world in which different skills are valued might be difficult, but in the long run, everybody benefits.

Automation has become somewhat of a dirty word recently. Fear of mass unemployment and widening inequality has led to calls for greater regulations of technology companies, expanded programs of redistribution, and even a “ robot tax ” to discourage adoption of labor-saving technologies. These fears, however, focus too much on the short-term disruption that creative destruction brings, ignoring the long-term opportunities for human advancement that comes along with it.

Throughout history, technologies that automate labor have been crucial to emancipating people […]