How we’ll face a fundamental threat to the market economy: Martin Ford at TED2017
By: New York Times April 25, 2017 Two hundred years ago, the Luddites rebelled against weaving technology. In 1964, US President Lyndon B. Johnson received “The Triple Revolution” memo that laid out the threat of job displacement due to automation. We’ve been concerned about technology displacing humans for a long time, says futurist Martin Ford. […]
Alibaba founder Jack Ma: AI will cause people ‘more pain than happiness’
By: Olivia Solon April 24, 2017 Artificial intelligence and other technologies will cause people “more pain than happiness” over the next three decades, according to Jack Ma, the billionaire chairman and founder of Alibaba. “Social conflicts in the next three decades will have an impact on all sorts of industries and walks of life,” said […]
Hillbillies who code: the former miners out to put Kentucky on the tech map
By: Cassady Rosenblum April 21, 2017 As Highway 119 cleaves through the mountains of eastern Kentucky, exposed bands of black gold stretch on for miles – come get us if you can, they tease. And for years, miners did: they had good employment that earned them upwards of $70,000 a year and built a legacy […]
New tools needed to track technology’s impact on jobs, panel says
By: Steve Lohr April 14, 2017 America needs new tools for the timely measurement and monitoring of technology, jobs and skills to cope with the advance of artificial intelligence and automation, an expert panel composed mainly of economists and computer scientists said in a new report. The panel’s recommendations include the development of an A.I. […]
Track how technology is transforming work
By: Tom Mitchell & Erik Brynjolfsson April 13, 2017 Advances in technology pose huge challenges for jobs. Productivity levels have never been higher in the United States, for example, but income for the bottom 50% of earners has stagnated since 1999 (see ‘Job shifts’). Most of the monetary gains have gone to a small group […]
How Technology Liberates Human Capital
By: Michael Milken and Igor Tulchinsky April 11, 2017 New technologies tend to disrupt old businesses, but also to create more jobs than they destroy. That’s little solace, though, to the workers who lack either the skills or flexibility to find better opportunities. From the factory floor to the Wall Street trading desk, advanced technologies […]
Robots Are Going To Kill Jobs Because They Already Have
By: Ben Schiller March 31, 2017 Treasury Secretary Steve Mnuchin says automation isn’t something he loses sleep over: “It’s not even on our radar screen . . . [it’s] 50 to 100 more years” away, as he said at an event organized by Axios. “I’m not worried at all,” he added. “In fact I’m optimistic.” […]
Nation Expected to Lose 30% of Jobs to Automation in 15 Years
By: Christianna Reedy March 29, 2017 The Robot Revolution Whether we like it or not, robots are making an impact in the job market. Experts predict that almost a million jobs will be replaced by robots in 2030, while companies like apple are justifying such predictions. This may also be a boon to governments that […]
At Blackrock, Machines Are Raising over Managers To Pick Stocks
By: y Landon Thomas Jr. March 28, 2017 Score one for the machines. The largest fund company in the world, BlackRock, has faced a thorny challenge since it acquired the exchange-traded-fund business from Barclays in 2009. These low cost, computer-driven funds have exploded in growth, leaving in the dust the stock pickers who had spurred […]