Tag: Technology

ADB says automation’s benefits will outweigh its negatives

ADB says automation's benefits will outweigh its negatives

Tharman blasts HR in Budget attack on ageism HR leaders have been urged by Deputy PM Tharman Shanmugaratnam to stop their “unstated discrimination” against older workers looking for jobs.

Are you asking illegal interview questions? Have you ever asked a job applicant how old they are? If you have, you might be breaking the law. A leading Singapore employment lawyer looks at which interview questions could land you in hot water.

As technological advancements promise to transform the future workplace, should professionals be worried about losing their jobs to robots and AI?According to the Asian Development Bank […]

What does automation mean for Asia’s job prospects?

What does automation mean for Asia’s job prospects?

This article was originally published by Devex and is republished with permission.

MANILA — Almost every industry talks about the potential of automation to boost productivity and cut down on production costs. But the new technologies spurring these incentives, such as robotics, are also posing threats — not just for unemployment, but also in widening the gap in worker opportunities and income inequality. Click here to see a larger version of the chart. Developing Asia’s industry and services sectors have generated about 30 million jobs annually over the past 25 years, according to the Asian Development Bank’s flagship report, […]

Which are the jobs that the robots will steal?

Which are the jobs that the robots will steal?

Robots reduce hours worked and wages for low- and middle-skilled workers, but has no significant effect on high-skilled workers. Photo: Bloomberg Will the Fourth Industrial Revolution and widespread automation lead to job losses in countries such as India? Some reports have been alarming—a paper by Frey and Rahbari said China risks losing 77% of jobs to automation, while India risks losing 69%. Thankfully, a new study by the Asian Development Bank on how technology affects jobs gives us hope.

Since fears of job losses have been with us since the days of the Luddites, the key question is: is the […]

Guest Post — Perspectives on Automation and Employment

Guest Post -- Perspectives on Automation and Employment

Automation will have a global impact like nothing else we have ever seen. This is not to say that it is altogether a new idea. Decades ago, science minded dreamers from around the globe would paint philosophical dreamscapes that relayed a world built on the backs of human ingenuity. Starting in the early 20th century, automation introduced itself to the world in the form of massive materials factories that could speed up the productivity of workers and create form perfect products for mass consumption. These behemoths of the old world have become standard and ingrained into our minds […]

Robots could take millions of people’s jobs causing a revival in Communism, warns Bank of England Governor

Robots could take millions of people’s jobs causing a revival in Communism, warns Bank of England Governor

As we wrote back in March, the future of jobs is changing . Automation is already reshaping companies’ workforce — including yours. It used to be that robots could only replace blue-collar jobs. Get ready! Robots are coming for your job sooner than you think. Now the Bank of England Governor, is echoing the same sentiment. Will automation increase income inequality? Bank of England Governor, Mark Carney, thinks so. In a keynote speech he gave at the Canada Growth Summit in Toronto, Carney said that machine learning could impact employment. “If you substitute platforms for textile mills, machine learning […]

If Trump Is Serious about Jobs, Embrace AI and Loosen Labor Laws

If Trump Is Serious about Jobs, Embrace AI and Loosen Labor Laws

There is a lot of panic about the implications of artificial intelligence technologies for the future of work. Some scholars, such as Nobel laureate Joseph Stiglitz have suggested that AI will exacerbate inequality , and the infamous 47% of jobs being automated statistic still resonates. President Trump has endorsed this techno-panic , especially with his opposition to Amazon’s innovativeness , and his appeals to the rust belt, whose workers have been displaced by technology and globalization. If he is serious about improving access to jobs, however, he will move to embrace new technologies, rather than delay them.

There’s an old […]

The jobs in South Africa most at risk of total digital automation – and the skills you need to learn to remain relevant

The jobs in South Africa most at risk of total digital automation – and the skills you need to learn to remain relevant

With 35% of all jobs in South Africa – almost 5.7 million – currently at risk of total digital automation within a mere seven years, the country could see a crippling effect compounded by a fragile economy and growing unemployment.

This is according to Dr Roze Phillips, Post Graduate Diploma in Futures Studies alumnus from the University of Stellenbosch Business School (USB) and MD for Accenture Consulting in Africa, who says that the country needs to act now to ensure that humans and machines can work together in the future.

“Our research shows that if South Africa can double the pace […]

The impact of job automation in South Africa

The impact of job automation in South Africa

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But what we do have is the desire to better ourselves and be forward thinking. Jan 24, 2018 New research from Accenture highlights the impact of digital technologies on jobs and economies. 25 Jan 2018 Moreover, local bosses warn of potential staff cuts due to automation and other technology in the future. How changes in technology and automation will affect the labour market in Africa. […]

Artificial intelligence may do more harm than good for our quality of life

Artificial intelligence may do more harm than good for our quality of life

From the steam engine and automobile to electricity and the computer, dramatic paradigm shifts in society have coincided with monumental leaps in technology. Many predict the next leap will be artificial intelligence.

Up until now, almost all scientific breakthroughs have made the world a better place in the long run. Innovation is to improve quality of life, and people continue to work toward new innovations in the hopes of improving quality of life. Today, scientists have hit a crossroads where they have lost vision of the sole reason for scientific development. Although it is hard to believe in a time […]

Silicon Valley is belatedly acknowledging the value of human beings

Silicon Valley is belatedly acknowledging the value of human beings

Tech companies have long valued by investors for their ability to replace employees with technology. Now, alongside software and server farms, they are moving at a breakneck pace on find living, breathing human beings to staff their systems.

They’re doing so because of a high-profile series of failures of automation, which have prompted a wave of intense pressure from investors, the public, and governments.

Tesla’s highly automated production line failed to produce cars at the rate CEO Elon Musk promised, prompting questions about the electric-car maker’s solvency. Systems at Google’s YouTube failed to flag extremist and exploitative videos. Russian operatives have […]