Tag: Technology

ILO: Low-skilled workers risk being replaced by advanced technology

ILO: Low-skilled workers risk being replaced by advanced technology

Asian workers at a garments production facility. Image from UN-ILO. MANILA – Some 56 percent of salaried workers in the Philippines and four other ASEAN (Association of Southeast Asian Nations) countries are "at high risk of displacement" due to advances in technology over the next couple of decades, a report of the International Labour Organization (ILO) revealed.

Based on a new study by ILO’s Bureau for Employers’ Activities, titled ASEAN in Transformation: How Technology is Changing Jobs and Enterprises, the potential for growth and employment presented by advanced technologies, "such as additive manufacturing, robotics and the Internet of Things (IoT), […]

US: President’s top economic adviser rejects basic income

US: President’s top economic adviser rejects basic income

Jason Furman, President Obama’s top economics adviser, rejected the idea of a universal basic income in remarks made on Thursday, July 7, at a White House workshop on automation.

The last of four workshops on automation co-hosted by the White House Office of Science and Technology Policy was held on Thursday, July 7 at New York University in New York City, New York.

At this workshop , Jason Furman , an economist who has served as Chairman of President Obama’s Council of Economic Advisers since June 2013, present prepared remarks entitled “ Is This Time Different? The Opportunities and Challenges […]

Job reduction due to automation in industries

Job reduction due to automation in industries

Automation in industries is reducing the number of jobs. In India, 69% of the jobs will get affected. Automation is becoming a reason for job reduction all over the world. Also, China might face 77% job reductions due to this.

The problem will have much greater effect on developing nations like India. As per the Technology Act Report, many jobs will get vanished due to automation of industries in next 20 years. Uzbekistan and Ethiopia can face 55% and 85% reduction in jobs. US might also face a 47% job reduction due to automation.

According to recent survey done in four […]

Good news for U.S. manufacturing? Yes, with caveats

Good news for U.S. manufacturing? Yes, with caveats

Cagle Cartoons National Columnist

Reports of NASA’s Juno spacecraft entering the orbit around Jupiter lit a sparkler in this American heart – on the Fourth of July, no less. It showed that Americans still have what it takes.

To keep spirits orbiting, let’s note another recent American feat that few could have imagined a couple of years ago. The United States is now gaining, not losing, factory jobs. This glad trend has some sobering asterisks attached, but there’s no denying this:There are now nearly a million more factory jobs in this country than there were in 2010. Many of them are […]

U.S. factory jobs increasing, but automation plays key role

Reports of NASA’s Juno spacecraft’s entering the orbit around Jupiter lit a sparkler in this American heart — on the Fourth of July, no less. It showed that Americans still have what it takes.

To keep spirits orbiting, let’s note another recent American feat that few could have imagined a couple of years ago. The United States is now gaining, not losing, factory jobs. This glad trend has some sobering asterisks attached, but there’s no denying this:

There are now nearly a million more factory jobs in this country than there were in 2010. Many of them are coming — surprise, […]

White House economist: Don’t fear the rise of the robots (He’s right)

How much should we fear the “rise of the robots”? (And I mean this from the perspective of worker employment, not human survival.) In a speech today on artificial intelligence and automation, White House economist Jason Furman gives a pretty reasonable and defensible perspective. No, smart machines aren’t going to take all our jobs.

That’s not really the issue, as he sees it. Rather, “it is that workers will either lack the skills or the ability to successfully match with the good, high paying jobs created by automation.” In a short-run that could last decades, “not all workers will have […]

The real impact of robotics and automation advancements

The real impact of robotics and automation advancements

Dear Senate, don’t mess with my automation.

Senator Dan Coats (R-Ind.) chaired a Joint Economic Committee hearing on May 25, titled, “The Transformative Impact of Robots and Automation.” The hearing touched on the impact of robots and automation on jobs and the economy . Of course, any time a Senate committee starts quoting, "One study found that nearly half of American jobs are at risk of being automated over the next couple of decades," I take an interest.

Several experts testified with some interesting thoughts, and I have many of my own. Also read: Is machine learning smart enough to help […]

Machines Are Taking All The Jobs? What Decision-Makers Say And Do

Machines Are Taking All The Jobs? What Decision-Makers Say And Do

A new PwC survey provides fresh and illuminating data on the burning questions of the day: Are machines going to take over our jobs? And how much do we rely (or over-rely ) today on machines, automation, and algorithms?

Experts are confident that machines are going to replace many workers. A much-quoted report from Oxford University has estimated that “about 47% of total US employment is at risk” for being fully automated. The machine threat to employment is even greater in developing economies— a recent report from Oxford estimates that 77% of jobs in China and 69% of jobs in […]

Southeast Asia – Robot age could leave half of workers without jobs in the next 20 years

A new study by the ILO (International Labour Organization) Bureau for Employers’ Activities, ASEAN in transformation: How technology is changing jobs and enterprises , shows that more than half of workers in five Southeast Asian countries are at risk for losing their jobs to robots in the next 20 years.

The report examines how technology is affecting workplaces in five major sectors across the Association of South East Asian Nations (ASEAN) and the transformation that enterprises and workers can expect in the next decade.

It shows that low-skill workers will find themselves displaced in favour of automation, and more than 60% […]

Obama adviser warns that robots could worsen inequality

Obama adviser warns that robots could worsen inequality

Artificial intelligence is an innovation that must be pursued, President Obama’s top economic adviser said Thursday, but greater automation of work could increase income inequality and push some people out of the workforce if the right policies are not implemented.

Speaking at New York University, Council of Economic Advisers Chairman Jason Furman said he rejected very pessimistic or highly optimistic views of the effects that automization will have on work, saying that labor markets can adjust to technology making certain work obsolete. But those same changes, he said, have also resulted in extra inequality in the past, and that dynamic […]