Tag: Technology

AI is rapidly changing the types and location of the best paying jobs

AI is rapidly changing the types and location of the best paying jobs

Artificial intelligence and increasing automation is not likely to cause vast unemployment, but that doesn’t mean we shouldn’t be concern about the impact on jobs.

“I’m not worried about technological unemployment,” said Laura Tyson, a prominent economist at the Haas School of Business at the University of California, Berkeley. “But I am worried about the quality of jobs created and the location where they are created.”

Speaking this week at EmTech Digital, an annual AI conference organized by MIT Technology Review , Tyson suggested we look the effects of increasing automation over the last 30 years. What we know, says Tyson, […]

G7 seeks plan to calm concerned workers

G7 seeks plan to calm concerned workers

OTTAWA — The Canadian ministers hosting a group of G7 counterparts in Montreal have begun crafting cross-border policies that would help and reassure workers caught in the churn of a dramatically evolving labour market.

The most recent estimates provided at the two-day meeting that started Tuesday suggest that up to 15 per cent of jobs in the G7 could disappear because of automation over the next two decades.

Automation is expected to generate demand for both high-skilled and low-skilled occupations, resulting in "a hollowing of the middle" marked by declines in jobs requiring a mid-range level of skill, according to details […]

Robotics technology transforms local manufacturing industry

Robotics technology transforms local manufacturing industry

You can thank people and robots for that aromatic bread smell coming out of King’s Hawaiian in Oakwood.

“Half of our operation is very manual, so it’s people doing a lot of the movement of the product,” plant manager Rob Hathy said to a group of visitors in February. “But the other half is automated, (including) our mixing, our dough balling, our oven and some of our packaging.

“That’s the path that we’re going. That’s the path that manufacturing is going.”Many area manufacturers are using robotics to push business along, and that seems to be a trend that won’t reverse.“This is […]

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. […]