Automation and the Future of Work

Automation and the Future of Work

Automation and the Future of Work uncovers the deep weaknesses of twenty-first-century capitalism and the reasons why the engine of economic growth keeps stalling.

Author: Aaron Benanav

Publisher: Verso Books

ISBN: 9781839761324

Category: Social Science

Page: 160

View: 519

A consensus-shattering account of automation technologies and their effect on workplaces and the labor market Silicon Valley titans, politicians, techno-futurists and social critics have united in arguing that we are living on the cusp of an era of rapid technological automation, heralding the end of work as we know it. But does the much-discussed “rise of the robots” really explain the jobs crisis that awaits us on the other side of the coronavirus? In Automation and the Future of Work, Aaron Benanav uncovers the structural economic trends that will shape our working lives far into the future. What social movements, he asks, are required to propel us into post-scarcity, if technological innovation alone can’t deliver it? In response to calls for a universal basic income that would maintain a growing army of redundant workers, he offers a counter-proposal.
Categories: Social Science

Automation Skills and the Future of Work What do Workers Think

Automation  Skills and the Future of Work  What do Workers Think

technologies affecting human labor, such as automation and artificial intelligence, were ranked in the middle among the forces likely to have an impact on ... Thus, workers think 'automation' is only part of the Future of Work story.

Author: Mr.Carlos Mulas-Granados

Publisher: International Monetary Fund

ISBN: 9781513519906

Category: Technology & Engineering

Page: 32

View: 648

We exploit a survey data set that contains information on how 11,000 workers across advanced and emerging market economies perceive the main forces shaping the future of work. In general, workers feel more positive than negative about automation, especially in emerging markets. We find that negative perceptions about automation are prevalent among workers who are older, poorer, more exposed to job volatility, and from countries with higher levels of robot penetration. Perceptions over automation are positively viewed by workers with higher levels of job satisfaction, higher educational attainment, and from countries with stronger labor protection. Workers with positive perceptions of automation also tend to respond that re-education and retraining will be needed to adapt to rapidly evolving skill demands. These workers expect governments to have a role in shaping the future of work through protection of labor and new forms of social benefits. The demand for protection and benefits is more significant among women and workers that have suffered job volatility.
Categories: Technology & Engineering

Artificial Intelligence Automation and the Future of Competence at Work

Artificial Intelligence  Automation and the Future of Competence at Work

... West who plan to have children in the future will undoubtedly be unnerved by this insight regarding future job prospects. ... namely manual work is being replaced by automation, and now only requires to be supervised by engineers.

Author: Jon-Arild Johannessen

Publisher: Routledge

ISBN: 9781000283563

Category: Business & Economics

Page: 170

View: 508

Artificial intelligence and the autonomous robots of the Fourth Industrial Revolution will render certain jobs and competences obsolete but will also create new roles, which in turn require new sets of skills. They will also transform how we produce, distribute and consume, as well as how we think. Rather than a linear understanding of evolutionary processes, we will develop a more interactive and circular interpretation. This book offers a unique and holistic perspective on the future of work in the context of industry 4.0. It discusses the globalization of capital markets, how artificial intelligence can help organizations to be more competitive and the new role of leadership in this technological landscape. The author argues that there are four categories of competences, which will be required in order to maintain the relevance of human skills and expertise in the innovation economy. The new jobs that come into being will lend themselves to a particular set of skills. General competences will be necessary for roles involving the 4Cs of communication, creativity, collaboration and change. Specific or STEM competences will be called for across the science, technology, engineering and mathematics sectors. Human competences will lend themselves to positions comprising the SELC framework of social, emotional, leadership and cultural skills. Critical or REVE competences will be in demand for roles embracing reflection, ethics, values and the environment. The book provides a human-centric view of the current technological advancements of artificial intelligence and robotics and offers a positive outlook for human actors seeking continued relevance. It will appeal to scholars and students of the innovation economy, the knowledge society and the coming Fourth Industrial Revolution.
Categories: Business & Economics

The Future of Work

The Future of Work

This book presents a number of proposals to help people deal with the transition from an industrial to a digital economy.

Author: Darrell M. West

Publisher: Brookings Institution Press

ISBN: 9780815732945

Category: Political Science

Page: 219

View: 632

Looking for ways to handle the transition to a digital economy Robots, artificial intelligence, and driverless cars are no longer things of the distant future. They are with us today and will become increasingly common in coming years, along with virtual reality and digital personal assistants. As these tools advance deeper into everyday use, they raise the question—how will they transform society, the economy, and politics? If companies need fewer workers due to automation and robotics, what happens to those who once held those jobs and don't have the skills for new jobs? And since many social benefits are delivered through jobs, how are people outside the workforce for a lengthy period of time going to earn a living and get health care and social benefits? Looking past today's headlines, political scientist and cultural observer Darrell M. West argues that society needs to rethink the concept of jobs, reconfigure the social contract, move toward a system of lifetime learning, and develop a new kind of politics that can deal with economic dislocations. With the U.S. governance system in shambles because of political polarization and hyper-partisanship, dealing creatively with the transition to a fully digital economy will vex political leaders and complicate the adoption of remedies that could ease the transition pain. It is imperative that we make major adjustments in how we think about work and the social contract in order to prevent society from spiraling out of control. This book presents a number of proposals to help people deal with the transition from an industrial to a digital economy. We must broaden the concept of employment to include volunteering and parenting and pay greater attention to the opportunities for leisure time. New forms of identity will be possible when the "job" no longer defines people's sense of personal meaning, and they engage in a broader range of activities. Workers will need help throughout their lifetimes to acquire new skills and develop new job capabilities. Political reforms will be necessary to reduce polarization and restore civility so there can be open and healthy debate about where responsibility lies for economic well-being. This book is an important contribution to a discussion about tomorrow—one that needs to take place today.
Categories: Political Science

Is Technology Widening the Gender Gap Automation and the Future of Female Employment

Is Technology Widening the Gender Gap  Automation and the Future of Female Employment

This suggests that greater participation by women on the “extensive margin” in a sector can potentially lower their relative exposure to job automation. III. Risk of Automation and The Future of Work for Women A. Estimating the ...

Author: Mariya Brussevich

Publisher: International Monetary Fund

ISBN: 9781498313803

Category: Business & Economics

Page: 37

View: 439

Using individual level data on task composition at work for 30 advanced and emerging economies, we find that women, on average, perform more routine tasks than men?tasks that are more prone to automation. To quantify the impact on jobs, we relate data on task composition at work to occupation level estimates of probability of automation, controlling for a rich set of individual characteristics (e.g., education, age, literacy and numeracy skills). Our results indicate that female workers are at a significantly higher risk for displacement by automation than male workers, with 11 percent of the female workforce at high risk of being automated given the current state of technology, albeit with significant cross-country heterogeneity. The probability of automation is lower for younger cohorts of women, and for those in managerial positions.
Categories: Business & Economics

Workforce Readiness and the Future of Work

Workforce Readiness and the Future of Work

The first theme pertained to how automation and technological advances compel a more nuanced conceptualization of the nature of work and work activities, the impact of automation and technology on the distribution of employment ...

Author: Fred Oswald

Publisher: Routledge

ISBN: 9781351210478

Category: Psychology

Page: 268

View: 372

Workforce readiness is an issue that is of great national and societal importance. For the United States and other countries to thrive in a globally interconnected environment of wide-ranging opportunities and threats, the need to develop and maintain a skilled and adaptable workforce is critical. National investments in job training and schools remain essential in stimulating businesses and employment agencies to collaborate productively with educators who provide both training and vocational guidance. Workforce Readiness and the Future of Work argues that the large-scale multifaceted efforts required to ensure a reliable and strong supply of talent and skill in the U.S. workforce should be addressed systematically, simultaneously, and systemically across disciplines of thought and levels of analysis. In a four-part framework, the authors cover the major areas of: education in the K-12, vocational, postsecondary, and STEM arenas; economic and labor market considerations; employment, organizations, and the world of work; laws, policies, and budgets at the federal, state, local, and military levels. With contributions from leading scholars, this volume informs high-priority workforce effectiveness issues of current and future concern and concrete research, practice, and policy directions to generate novel insights of a multilevel and system-wide nature.
Categories: Psychology

Technology and the Future of Work

Technology and the Future of Work

particular by the negative attitudes of many British managers towards the training needed to unlock automation's potential. BRITISH DEBATES ON AUTOMATION AND SKILLS The participants in British debates on automation and work have entered ...

Author: Paul S. Adler

Publisher: Oxford University Press on Demand

ISBN: 9780195071719

Category: History

Page: 336

View: 467

This book brings together a set of essays exploring the implications of new technologies in the workplace. The common premise of the contributions is that the effective implementation of automation in manufacturing and engineering operations will typically require a workforce with a higher skill profile. Examining the experience of countries in Europe, Australia, Asia, and the U.S., the book analyzes four themes: the new competencies required for effective implementation of new technologies; how firms can develop these new competencies; the implications of these changes for industrial relations; and how firms can weave together business strategy, technology strategy, and personnel strategy, to build competitive advantage. with greater rather than lesser skills. This argument contradicts the conventional assumption that automation will not only reduce the number of workers required to produce a given product but also require less skilled workers to do so.
Categories: History

Technology and the Future of Work

Technology and the Future of Work

In contrast, Frey and Osborne (2017) and Arntz et al. (2016) suggest a break in this trend, with automation mainly substituting for low-skilled jobs. New, yet unknown activities may boost demand for different skills in the future, ...

Author: Adrian Peralta-Alva

Publisher: International Monetary Fund

ISBN: 9781484379707

Category: Business & Economics

Page: 28

View: 416

This paper uses a DSGE model to simulate the impact of technological change on labor markets and income distribution. It finds that technological advances offers prospects for stronger productivity and growth, but brings risks of increased income polarization. This calls for inclusive policies tailored to country-specific circumstances and preferences, such as investment in human capital to facilitate retooling of low-skilled workers so that they can partake in the gains of technological change, and redistributive policies (such as differentiated income tax cuts) to help reallocate gains. Policies are also needed to facilitate the process of adjustment.
Categories: Business & Economics

Gender Technology and the Future of Work

Gender  Technology  and the Future of Work

Within sectors, the choice of occupation and the nature of work responsibilities (the “intensive margin” of employment) is a key driver of exposure to automation. Moreover, the jobs created by automation, and those that will survive, ...

Author: Mariya Brussevich

Publisher: International Monetary Fund

ISBN: 9781484379769

Category: Social Science

Page: 36

View: 731

New technologies?digitalization, artificial intelligence, and machine learning?are changing the way work gets done at an unprecedented rate. Helping people adapt to a fast-changing world of work and ameliorating its deleterious impacts will be the defining challenge of our time. What are the gender implications of this changing nature of work? How vulnerable are women’s jobs to risk of displacement by technology? What policies are needed to ensure that technological change supports a closing, and not a widening, of gender gaps? This SDN finds that women, on average, perform more routine tasks than men across all sectors and occupations?tasks that are most prone to automation. Given the current state of technology, we estimate that 26 million female jobs in 30 countries (28 OECD member countries, Cyprus, and Singapore) are at a high risk of being displaced by technology (i.e., facing higher than 70 percent likelihood of being automated) within the next two decades. Female workers face a higher risk of automation compared to male workers (11 percent of the female workforce, relative to 9 percent of the male workforce), albeit with significant heterogeneity across sectors and countries. Less well-educated and older female workers (aged 40 and above), as well as those in low-skill clerical, service, and sales positions are disproportionately exposed to automation. Extrapolating our results, we find that around 180 million female jobs are at high risk of being displaced globally. Policies are needed to endow women with required skills; close gender gaps in leadership positions; bridge digital gender divide (as ongoing digital transformation could confer greater flexibility in work, benefiting women); ease transitions for older and low-skilled female workers.
Categories: Social Science

OECD Reviews on Local Job Creation Preparing for the Future of Work Across Australia

OECD Reviews on Local Job Creation Preparing for the Future of Work Across Australia

The high and significant risk of automation probabilities for each occupation in Australia are used to calculate the ... The drivers of the risk of automation vary from one region to the other The drivers of job loss due to automation ...

Author: OECD

Publisher: OECD Publishing

ISBN: 9789264849525


Page: 155

View: 361

COVID-19 is likely to leave long-lasting effects on local labour markets. It is accelerating a pre-existing trend towards automation, as firms look even more to new technologies to pandemic proof their operations.