The rise of of the robots: risks to more jobs as minimum wage increase warns IFS
By: CITY A.M January 04, 2018 Higher minimum wage levels could tempt British employers to automate more jobs, risking a rise in unemployment, respected economists at the Institute for Fiscal Studies (IFS) will today warn. In research to be published today, the IFS will call for “extremely careful monitoring” of the effects of government increases […]
The Robots Are Coming, and Sweden Is Fine
By: New York Times December 27, 2017 GARPENBERG, Sweden — From inside the control room carved into the rock more than half a mile underground, Mika Persson can see the robots on the march, supposedly coming for his job here at the New Boliden mine. He’s fine with it. Sweden’s famously generous social welfare system […]
Autumn Budget 2017: UK gov pledges cash for 5G, AI and driverless cars
By: CNet November 22, 2017 MANBAG OWNER Philip Hammond on Wednesday delivered the government’s Autumn Budget, and while there is a clear focus on Brexit, there are some interesting announcements around technology. Much of the Chancellor’s announcements centred on emerging technologies that’ll impact our lives over the next few years. In particular, there’s a focus […]
Deutsche Bank CEO Cryan hints robots could replace thousands of people at the bank
By: Will Martin November 7, 2017 Deutsche Bank CEO John Cryan has hinted that the lender could cut thousands more jobs as it continues to adjust to expectations of substantially lower future revenues. “We employ 97,000 people,” Cryan said in an interview with the Financial Times. “Most big peers have more like half that number.” […]
A Robot Revolution, This Time in China
By: Keith Bradsher May 12, 2017 Even a decade ago, car manufacturing in China was still a fairly low-tech, labor-intensive endeavor. Thousands of workers in a factory, earning little more than $1 an hour, performed highly repetitive tasks, while just a handful of industrial robots dotted factory floors. No longer. At Ford’s newest car assembly […]
Driverless pods plot new course to overtake humans
By: Gwyn Topham April 25, 2017 In a little over two years, a fleet of driverless cars will make its way from Oxford to London, completing the entire journey from start to finish without human intervention, including on urban streets and motorways. Organisers of the government-backed project, announced on Monday, still expect to have a […]
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 […]