Download or read book Robotic Replaces Labor Job Market Influences written by Johnny Ch LOK and published by . This book was released on 2020-05-24 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Future works change: Automation, employment and productivity3.1How (AI) influences employment Human future " micro to macro" industry trends will be affected business strategy and public policy by (AI) technology. In the future (AI) technology will influence those six themes: productivity and growth, natural resources, labor markets, the evolution of global financial markets, the economic impact of technology and innovation and urbanization. However, (AI) technology will bring economic benefits of tackling gender inequality, a new global competition, Chinese innovation and digital globalization.Nowadays, advances in robotics artificial intelligence, and machine learning are in a new age of automation, as machines match or outperform human performance in a development to any countries. For example, automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. For example, some research indicated automation could raise productivity growth globally by 0.8 to 1.4 % annually; more than 2,000 work activities across 800 occupations. When less than 5% of all occupations can be automated using demonstrated technologies about 60% of all occupations have at least 30% of constituent activities that could be automated. Many occupations will change that will be automated away: Activities most susceptible to automation involve physical activities, in highly structured and predictable environments, as well as the collection and processing of data. They are most prevalent in manufacturing , accommodation and food service and retail trade and include some middle-skill jobs. For example, such as natural language processing is a key factor. Beyond technical feasibility, the cost of technology competition with labor including skills and supply and demand dynamics, performance benefits including and beyond labor cost savings, and social and regulatory acceptance will be affected by (AI) automation technology. Thus, (AI) automation will impact to influence global employment in those aspects as below:Firstly, assuming that people are displaced by automation will find other employment. The anticipated shift in the activities in the labor force is of a similar order as the long-term shift away from agriculture and decreases in manufacturing share of employment. Both of manufacturing and agriculture industries which would be accompanied by the creation of new types of work not foreseen at the time.Secondly, for business, the performance benefits of automation are relatively clear. Thus, the businessmen have opportunities for their micro economies to benefits from the productivity growth potential and macro economies to benefit to encourage continued progress and innovation , investment and market incentives. At the same time, employers must innovate policies to help workers and institutions adapt to the impact on employment. This will likely include rethinking education and training, income support and safety nets , as well as support for those dislocated, when employees need to leave themselves homes to move to other cities to learn new (AI) automation works. Thus, individuals in the workplace will need to engage move comprehensively with machines as part of their everyday activities, and acquire new skills that will be in demand in the new automation age. Consequently , the scale of shifts in the labor force over many decades that automation technologies can be a similar order to the long -term technology -enables shifts in the developed countries' workforces away from agriculture in the 21 th century. Those shifts did not result in long-term mass unemployment because they were accompanied by the creation of new types of work not foreseen at the time. However, human will still be needed in the workforce when the total productivity gains are caused by (AI) technology.

Download or read book How Robot Replaces Future Labour Market written by Johnny Ch LOK and published by . This book was released on 2021-02-09 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: Future works change: Automation, employment and productivityHow (AI) influences employment Human future " micro to macro" industry trends will be affected business strategy and public policy by (AI) technology. In the future (AI) technology will influence those six themes: productivity and growth, natural resources, labor markets, the evolution of global financial markets, the economic impact of technology and innovation and urbanization. However, (AI) technology will bring economic benefits of tackling gender inequality, a new global competition, Chinese innovation and digital globalization.Nowadays, advances in robotics artificial intelligence, and machine learning are in a new age of automation, as machines match or outperform human performance in a development to any countries. For example, automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. For example, some research indicated automation could raise productivity growth globally by 0.8 to 1.4 % annually; more than 2,000 work activities across 800 occupations. When less than 5% of all occupations can be automated using demonstrated technologies about 60% of all occupations have at least 30% of constituent activities that could be automated. Many occupations will change that will be automated away: Activities most susceptible to automation involve physical activities, in highly structured and predictable environments, as well as the collection and processing of data. They are most prevalent in manufacturing , accommodation and food service and retail trade and include some middle-skill jobs. For example, such as natural language processing is a key factor. Beyond technical feasibility, the cost of technology competition with labor including skills and supply and demand dynamics, performance benefits including and beyond labor cost savings, and social and regulatory acceptance will be affected by (AI) automation technology. Thus, (AI) automation will impact to influence global employment in those aspects as below:Firstly, assuming that people are displaced by automation will find other employment. The anticipated shift in the activities in the labor force is of a similar order as the long-term shift away from agriculture and decreases in manufacturing share of employment. Both of manufacturing and agriculture industries which would be accompanied by the creation of new types of work not foreseen at the time.Secondly, for business, the performance benefits of automation are relatively clear. Thus, the businessmen have opportunities for their micro economies to benefits from the productivity growth potential and macro economies to benefit to encourage continued progress and innovation , investment and market incentives. At the same time, employers must innovate policies to help workers and institutions adapt to the impact on employment. This will likely include rethinking education and training, income support and safety nets , as well as support for those dislocated, when employees need to leave themselves homes to move to other cities to learn new (AI) automation works. Thus, individuals in the workplace will need to engage move comprehensively with machines as part of their everyday activities, and acquire new skills that will be in demand in the new automation age. Consequently , the scale of shifts in the labor force over many decades that automation technologies can be a similar order to the long -term technology -enables shifts in the developed countries' workforces away from agriculture in the 21 th century. Those shifts did not result in long-term mass unemployment because they were accompanied by the creation of new types of work not foreseen at the time. However, human will still be needed in the workforce when the total productivity gains are caused by (AI) technology.

Download or read book Shifting Paradigms written by Zia Qureshi and published by Brookings Institution Press. This book was released on 2022-01-11 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the big questions about how technological change is transforming economies and societies Rapid technological change—likely to accelerate as a consequence of the COVID-19 pandemic—is reshaping economies and how they grow. But change also causes disruption, creates winners and losers, and produces social stress. This book examines the challenges of digital transformation and suggests how creative policies can make it more productive and inclusive. Shifting Paradigms is the second book on technological change produced by a joint research project of the Brookings Institution and the Korea Development Institute. Contributors are experts from the United States, Europe, and Korea. The first volume, Growth in a Time of Change, was published by Brookings in February 2020. The book's underlying thesis is that the future is arriving faster than expected. Long-accepted paradigms about economic growth are changing as digital technologies transform markets and nearly every aspect of business and work. Change will only intensify with advances in artificial intelligence and other innovations. Investors, business leaders, workers, and public officials face many questions. Is rising market concentration inevitable with the new technologies or can their benefits be more widely shared? How can the promise of FinTech be captured while managing risks? Should workers fear the new automation? Are technology-driven shifts in business and work causing income inequality to rise? How should public policy respond? Shifting Paradigms addresses these questions in an engaging manner for anyone interested in understanding how the economic and social agenda is being transformed by today's winds of change.

Download or read book How Robotic Brings Positive Or Negative Impact to Global Labor and Business Market written by Johnny Ch Lok and published by . This book was released on 2020-09-06 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part OneLabor market behavioral changeChapter 5(AI) -driven automation industry development1.1(AI) - driven automation industry development how to influence work nature change(AI) -driven automation industry will create wealth and expand economy growth to any countries, but it will be accompanied by changed in the skills that workers need to learn. One of main ways that technology increases productivity is by decreasing the number of labor hours needed to create a unit of output. It implies (AI) technology will influence low educated and low skillful labor number to be decreased ( reduction employment number).In contrast, technological change tended to work in a different direction throughout the nowadays. The advance of computer and the internet raised the relative productivity of higher skilled workers. So, routine-intensive occupations that focused on predictable tasks disappearance, such as switch board, operators, filming checkers, travel agents and assembling line workers etc. were particularly replaced by new technologies.However, today, it may be challenging to predict exactly which jobs will be most immediately affected by (AI) driven-automation. The reason is because (AI) is not a single technology, but rather a collection of technologies that are felt unevenly through the economy to influence job changing both negatively and positively. In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas, such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.(AI) capabilities will enable automation of some tasks that have long required human labor. Why can (AI) replace some simple human jobs? For example, advances in robotics are expanding machines' abilities to interact with and sharp the physical world. Combined, (AI) and robotics will give rise to smarter machines that can perform more sophisticated functions than ever before and brings more advantages that humans have exercised. This will permit automation of many tasks now performed by human workers and could change the shape of the labor market and human activity.1.2How (AI) influences labor marketToday, it may be challenging to predict exactly which jobs will be most immediately affected by (AI)-driven automation. Because (AI) is not a single technology, but rather a collection of technologies that are applied to specific tasks.Some specific predictions are possible based on the current (AI) technology. For example, driving jobs and house cleaning jobs, bank counter service jobs, telephone enquiry service operators. Restaurant cooking jobs, simple accounting record service jobs etc. that require relatively less education to perform. Advancements in computer vision and related technologies have made the feasibility of fully appear more likely, potentially displacing some workers in driving-dominant professions. Seemingly similar robot, for which the operational tasks is less specific of navigating to a specific destination when following a set of given rules and preserving safety.

Download or read book Artificial Intelligence Impacts Human JOb Market Change written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-07-07 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: (AI) -driven automation industry will create wealth and expand economy growth to any countries, but it will be accompanied by changed in the skills that workers need to learn. One of main ways that technology increases productivity is by decreasing the number of labor hours needed to create a unit of output. It implies (AI) technology will influence low educated and low skillful labor number to be decreased ( reduction employment number).In contrast, technological change tended to work in a different direction throughout the nowadays. The advance of computer and the internet raised the relative productivity of higher skilled workers. So, routine-intensive occupations that focused on predictable tasks disappearance, such as switch board, operators, filming checkers, travel agents and assembling line workers etc. were particularly replaced by new technologies.However, today, it may be challenging to predict exactly which jobs will be most immediately affected by (AI) driven-automation. The reason is because (AI) is not a single technology, but rather a collection of technologies that are felt unevenly through theeconomy to influence job changing both negatively and positively. In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas, such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.(AI) capabilities will enable automation of some tasks that have long required human labor. Why can (AI) replace some simple human jobs? For example, advances in robotics are expanding machines' abilities to interact with and sharp the physical world. Combined, (AI) and robotics will give rise to smarter machines that can perform more sophisticated functions than ever before and brings moreadvantages that humans have exercised. This will permit automation of many tasks now performed by human workers and could change the shape of the labor market and human activity.

Download or read book How Artificial Intelligence Influences Labor Market Changes written by Johnny Ch Lok and published by . This book was released on 2019-12-29 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: However, to answer the question: Whether (AI) technology machine labor will replace human worker more or assist human worker more. I shall indicate some examples to let readers to judge whether (AI) technology can create new jobs or reduce old jobs.Firstly, I shall explain what (AI) function is. (AI) is a service robot that performs useful tasks for humans or equipment excluding industrial automation application . Thus, the classification of a robot into industrial robot or service robot is done according to its intended application. It is also a personal service robot or a service robot for personal used for a non commercial task, usually by lay persons . Examples are domestic servant robot, and pet exercising robot. It is also a professional service robot or a service robot for professional used for a commercial task, usually operated by a properly trained operator. Examples, are cleaning robot for public places, delivery robot in offices or hospitals, fire-fighting robot, rehabilitation robot and surgery robot in hospitals. Thus, these functions will be future (AI) application to our daily life necessaries or business necessaries.However, some authors agree (AI) will bring negative outcomes of automation, due to raise competiveness, reduce human job nature. Otherwise, other authors argue (AI) will bring positive outcomes of automation, due to raise productivities, job creation, assist humans work. On the positive outcome hand, robots can increase productivity . This is particularly important for small-to medium sized businesses both are in developed and developing countries economies. It also enables large companies to increase their competitiveness through faster product development and delivery. Increased use of robot is also enabling companies in high cost countries to re shore, or bring back to their domestic base parts of the supply chain that will have previously outsourced to sources of cheaper labor. Currently, the greater threat to employment is not a automation, but an inability to remain competitive. Automation has led overall to an increase in labor demand and positive impact on wages. The reason is that the middle-income/middle-skilled jobs have reduced as a proportion of overall contribution to employment and earnings leading to fears of increasing income inequality, the skills range within the middle income bracket is large. Thus, robots are driving an increase in demand for workers at the higher -skilled and with a positive impact on wages. This issue is how to enable middle-income earners in the lower-income range to unskilled or retain. Finally, the (AI) positive impact supporter who argue the future will be robots and humans can work together. However, on the negative outcome hand, robots can substitute labor activities, but don't replace jobs. They believe that less than 10% of jobs are fully automatable. Increasingly, robots are used to complement and augment labor activities, the net impact on jobs and the quality of work is positive. Automation can provide the opportunity for humans to focus on higher-skilled, higher-quality and higher-paid tasks. Robots can improve productivity when they are applied to tasks that which perform more efficiently and to a higher and more consistent level of quality than humans. For example, increased productivity is enabling some firms, such as Whirlpool, Caterpillar and Ford Motors company in the US restructure their supply chains, bringing back parts of the manufacturing process to the country of origin. Thus, productivity gains due to robotics and automation are important not just at the company level, but also for build industry and nation competitiveness.

Download or read book Artificial Intelligence Influences Human Job Market written by Johnny Ch LOK and published by . This book was released on 2018-04 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part One Labor market changeChapter One (AI) -driven automation industry development1.1 (AI) - driven automation industry development how to influence work nature change (AI) -driven automation industry will create wealth and expand economy growth to any countries, but it will be accompanied by changed in the skills that workers need to learn. One of main ways that technology increases productivity is by decreasing the number of labor hours needed to create a unit of output. It implies (AI) technology will influence low educated and low skillful labor number to be decreased ( reduction employment number). In contrast, technological change tended to work in a different direction throughout the nowadays. The advance of computer and the internet raised the relative productivity of higher skilled workers. So, routine-intensive occupations that focused on predictable tasks disappearance, such as switch board, operators, filming checkers, travel agents and assembling line workers etc. were particularly replaced by new technologies. However, today, it may be challenging to predict exactly which jobs will be most immediately affected by (AI) driven-automation. The reason is because (AI) is not a single technology, but rather a collection of technologies that are felt unevenly through the economy to influence job changing both negatively and positively. In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas , such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.

Download or read book How Robotic Brings Future Labor And Business Market Change written by Johnny Ch Lok and published by . This book was released on 2020-09-04 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: AI industry development first stageAlthough, (AI) technology will be popular to applied to different jobs, but it still needs social acceptance to replace some human jobs. Today, it is increasingly common for people to use robots in various situations at home and in retail stores, hotels and hospitals. Robots are classified into several types based on their functionality ( service and utility robots or those designed to communicate with humans ) and appearance ( humanoid robots or mechanical robots). The types of robot to which every country attaches particular important in the advance of robotics, reflects the sense of values and preferences of its population . Thus, (AI) will be applied to replace human to do these above different kinds of job nature. For example, U.S. has the highest level of robot utilization at home and an retail stores with its people being the most enthusiastic about the future use of robots. Otherwise, Germany shows a strong tendency to consider robots for industrial purposes, and its people feel strong to the presence of robots in their households. Japanese accepts to apply" human aid robot" that can communicate with humans and they have a high level of familiarity with robots.Hence, it implied those three countries have accept (AI) to replace human to do any these kinds of job duty and it will influence these three countries' workers lose their old occupations and who will unemployed absolutely, due to many (AI) robots replace them to do their job duties in the future. Also, US will have many retail service workers or retail warehouse workers are unemployed. Germany will have many manufacturing industry's workers are unemployed. Japanese will have many communication industry workers are unemployed, such as telephone service, shopping center services etc. different kind of service industry's service staffs . It will cause these kind of workers' competitive abilities are lost in themselves countries' jobs that require such skills include software developers, court judges, nurses, high school teachers, dentists and university lecturers, these occupations are still difficult to be replaced by (AI) robots.Are robots taking our jobs or making them? In fact, our societies will have unemployment challenges, even (AI) technology has not created before. However, after (AI) robots invention, some of human jobs will be replaced and it can raise many low skillful and low knowledge level worker unemployment number. However, I think that high productivity driven by increasingly powerful IT -enabled machines is the causes of global labor market problems and accelerating technological change will only make those problems worse. IT technology brings this question: Are robots killing human's jobs or benefiting human's jobs? I suppose that there is a limited amount of labor to be done. The implication is that technology can create unemployment by displacing workers, such as (AI) invention, because the more efficiently worker work ( using machines or (AI) robots), the loss work there is for workers to do. Even, any new jobs will be better done by machines or (AI) robots, and unemployment will still skyrocket. How do we know that humans will always be better at some work, or more importantly, enough work, than machines or (AI) robots, e.g. human drivers drive more safe or careful to compare (AI) robot drivers. But, the challenge is that it is not ensure that (AI) robots drivers must not drive careless to cause the chance of accident occurrences more than human drivers. However, technological change can be beneficial to innovation, automation and increasing productivity for businesses.

Download or read book How Robots Influence Future Labor Market written by John Lok and published by . This book was released on 2022-03-24 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Can Robot Influences Labor and Consumer Both Market Changes written by Johnny Ch LOK and published by . This book was released on 2020-11-22 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: IT technology brings this question: Are robots killing human's jobs or benefiting human's jobs? I suppose that there is a limited amount of labor to be done. The implication is that technology can create unemployment by displacing workers, such as (AI) invention, because the more efficiently worker work ( using machines or (AI) robots), the loss work there is for workers to do. Even, any new jobs will be better done by machines or (AI) robots, and unemployment will still skyrocket. How do we know that humans will always be better at some work, or more importantly, enough work, than machines or (AI) robots, e.g. human drivers drive more safe or careful to compare (AI) robot drivers. But, the challenge is that it is not ensure that (AI) robots drivers must not drive careless to cause the chance of accident occurrences more than human drivers. However, technological change can be beneficial to innovation, automation and increasing productivity for businesses.Consequently , it may seem machines can hurt wages and job for low skillful, less educated workers. Also, high educated workers are likely as less educated workers to find themselves displaced and devalued, and more education may create as many problems as it solves. Thus, in negative influence, automation effects on particular jobs shift workers to other jobs that are equally or more desirable. Workers may be highly compensated for possessing human capital that is specialized to a labor market. If technological advance is very rapid, such as (AI) invention, causing a large and very rapid drop in demand in a large labor market, the economy may not be able to absorb the sudden surplus of labor in a short period of timer when (AI) robots are popular to replace some workers to do some occupations in global societies.For example, self-driving vehicles threaten to send truck drivers to the unemployment office. Computer programs can now write journalistic accounts of sporting events and stock price movement. There are even computers that can grade essay revolutionize some part of teaching jobs. Hence, (AI) robots will have possible to replace human brain to do any judgement, argument, and mind job duties. It implies some occupations which need human' mind will be threaten by (AI) robots, e.g. author, accountant, nurse, engineer. Thus, (AI) robots will have possible to replace some professional and high educated workers' jobs in the future. But, technology can create new nature of jobs in possible. For example, a 60 minutes program indicated technology is putting new categories of jobs in the sites ( sic) of automation, the 60% of the workforce that makes its living gathering and analyzing information. Also, recession: technology kills middle -class jobs that overall technology is eliminating for more jobs than it is creating by (AI) technology. Hence, human's brain work may be assisted by 60% of (AI) gathering and analyzing information for some occupation , e.g. space scientists, ocean scientists, earth scientists etc.However, I believe the (AI) invention and human job competition may influence global productivity change. Productivity is economic output per unit of input, the unit of on input can be labor hours( labor productivity), but if (AI) robots replace human job, then the unit of input may be (AI) machine hours ( AI) robot productivity or all production factors including labors, machines and energy ( total factor of productivity). Producing more output with less input can take several forms.

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Download or read book The Fourth Industrial Revolution written by Klaus Schwab and published by Currency. This book was released on 2017-01-03 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

Download or read book The Difference Between Traditional Machine and Robot To written by Johnny Ch LOK and published by . This book was released on 2021-07-05 with total page 775 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some researchers constructed a measure of the use of robots--commonly referred to as "robot intensity"--to estimate trends in robot exposure across more than 250 metropolitan areas and over time, finding that: During the Great Recession, robot intensity plummeted. But since 2009, robot intensity has sharply increased nationwide. They felt that robots may influence recession in possible. How are robots going to affect our jobs? Most analysis tends to be prospective in nature, and estimates of future impacts on employment vary widely, with some studies predicting that as many as 50 percent of all workers are at risk of losing their jobs to automation. Even less is understood about the actual impacts of robots on jobs, wages, and workers today. If there are many low skillful jobs e.g. cleaner, warehouse deliver, cooker, restaurant waiter etc., even high skillful jobs, e.g. accountant, lawyer, doctors etc. occupations are replaced by robotics. Then, our societies will increase unemployed people number. Consequently, great recession will be caused by robotic workers because when our societies have many people lose jobs, then many people loss income, then our consumption desires may be influenced to reduce. Consequently, many businesses may lose many customers. Low consumption desires may bring serious recession to any countries, due to robotic workers number increases to replace human workers in global societies. The reason is that new technologies of the period have enabled people to be very productive while working part-time. Businesses do not need large numbers of employees, so individuals can devote most of their waking hours to hobbies, volunteering, and community service. In conjunction with periodic work stints, they have time to pursue new skills and personal identities that are independent of their jobs. Developed countries may be on the verge of a similar transition. Robotics and machine learning have improved productivity and enhanced the economies of many nations. Artificial intelligence (AI) has advanced into finance, transportation, defense, and energy management. The internet of things (IoT) is facilitated by high-speed networks and remote sensors to connect people and businesses. In all of this, there is a possibility of a new robotic society that could improve the lives of many people, but it also encourage future businesses apply robotics to replace human workers to do many jobs in finance, transportation, defense and energy management, medical health, hotel, tourism, cinema, theatre etc. entertainment service fields. So, robotics may bring reducing cost benefits to businessmen, but they can also increase workers losing jobs number in our societies if future many businesses make decision to apply robotics to replace human workers to do any simple ot complex jobs in global job market. A McKinsey Global Institute analysis of 750 jobs concluded that "45% of paid activities could be automated using 'currently demonstrated technologies' and . . . 60% of occupations could have 30% or more of their processes automated."[6] A more recent McKinsey report, "Jobs Lost, Jobs Gained," found that 30 percent of "work activities" could be automated by 2030 and up to 375 million workers worldwide could be affected by emerging technologies. Researchers at the Organization for Economic Cooperation and Development (OECD) focused on "tasks" as opposed to "jobs" and found fewer job losses. Using task-related data from 32 OECD countries, they estimated that 14 percent of jobs are highly automatable and another 32 have a significant risk of automation. Although their job loss estimates are below those of other experts, they concluded that "low qualified workers are likely to bear the brunt of the adjustment costs as the automatibility of their jobs is higher compared to highly qualified workers."

Download or read book Robots Bring What Advantages And Disadvantages To written by Johnny Ch Lok and published by Independently Published. This book was released on 2021-04-14 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: How (AI) influences labor marketToday, it may be challenging to predict exactly which jobs will be most immediately affected by (AI)-driven automation. Because (AI) is not a single technology, but rather a collection of technologies that are applied to specific tasks.Some specific predictions are possible based on the current (AI) technology. For example, driving jobs and house cleaning jobs, bank counter service jobs, telephone enquiry service operators. Restaurant cooking jobs, simple accounting record service jobs etc. that require relatively less education to perform. Advancements in computer vision and related technologies have made the feasibility of fully appear more likely, potentially displacing some workers in driving-dominant professions. Seemingly similar robot, for which the operational tasks is less specific of navigating to a specific destination when following a set of given rules and preserving safety.In the future, the effects of (AI) on the labor market in the decade ahead will continue the trend toward skill-biased change that computerization and communication innovations have driven in recent decades. Thus, some human driving occupation will be disappeared or replaced by (AI) automation driven. For example, bus drivers, light truck or delivery services drivers, heavy and tractor-trailer truck drivers, school drivers, tax drivers, travel bus drivers.However, (AI) technology could enable some workers to focus time on other job responsibilities, boosting their productivity, and actually raised wage growth among those still holding the reshaped jobs. For example, salespeople, who currently spend a considerable amount of time driving could find themselves able to do other work when a car drives them from place to place, or inspectors and appraisers could fill out paperwork, when their car drives itself. This (AI) -driven technology should make these workers more productive, with (AI) -driven technology serving as a complement, not a substitute. New jobs will also likely be created, both in existing occupations cheaper transportation costs with lower prices and increase demand for products and all the related occupations, such as service and fulfillment, and in new occupations not currently foreseeable.What kind of jobs will be created by (AI) technology? Predicting future job growth is extremely difficult, due to it depends on technologies or substitute for existing today as well as they may complement or substitute for existing human skills and jobs. However, (AI) will also lead to substantial indirect job creation to the degree it raises productivity and wages, it may also lead to higher consumption that would support additional jobs from high-end draft production to restaurant and retail. The future(AI) " augmented intelligence", the technology's role is as assisting and expanding the productivity of individuals rather than replacing human work. Thus, based on the biased-technical change framework, demand for labor will likely increase the most in the areas where humans complement (AI) automation technologies. For example, (AI) technology, such as IBM's Watson may improve early detection of some cancers or other illnesses, but a human healthcare professional is needed to work with patients to understand and translate patients' symptoms, inform patients of treatment options, and guide patients through treatment plans. Shipping companies may also partner workers who pick up and deliver products over the last feet with (AI) enabled autonomous vehicles that move workers efficiently from site to site. In such cases, (AI) augments what a human is able to do and allows individuals to either be move effective in their specially task or to operate on a larger scale. Thus, it seems (AI) technology will also create new jobs, raise productivities and workers' efficiencies.

Download or read book How Robots Influences Industry Development written by Johnny Ch Lok and published by . This book was released on 2020-11-10 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: -How can artificial intelligence impact on workplace?Modern information technologies and the labor economy growth of machines is powered by artificial intelligence have already strongly influenced the world of work in the 21 ST century. Computers, algorithms and software simplify every tasks and it is impossible to image how most of our life could be managed without them. How can be the information economy characterized by exponential growth replaces the most production industry based on economy of scales? What will the future world of work look like and how long will it take to get? Will the future world of work be a world where humans spend less time earning their livelihood? Alternatively, are mass unemployment, mass poverty and social distortions also possible scenario for the future, where robots, artificial intelligence systems play an increasingly central role? These questions concern how artificial intelligence further development . Can influence labor economy growth on workplace ? When the labor market has widespread impact on intelligence property, information technology, product liability, competition and labor and employment laws. How (AI) technology impacts on labor workplace.The future influence any organizations how labor economies use of (AI) can be analyzed, such as deep machine learning is based on a set of model high level data. Unlike human workers, the machines are connected the whole time in workplace. If one machine makes a mistake, all autonomous systems will keep this in mind and will avoid the same mistake the next time. Over the long run intelligent machines will win against every human expert. Production robots have been replacing employees because of the (AI) technology. They work more precisely than humans and cost loss. Creative solutions like 3D printers and the self learning ability of these production robots will replace human workers, the automatic data recording and data processing, traditional back office activities are no longer in demand. Autonomous software will collect necessary information and will send it to the employee who needs it. Additionally, dematerialization leads to the phenomenon that traditional physical products are becoming software. For example, CD or DVDs are being replaced by streaming services. The replacement of traditional event ticket, e-travel ticket service products or hard cash will be the next step, due to the possibility of payment by smartphone. So, (AI) technology will impact human's daily life consumption behaviors in the future. For another example, transportation tools, such as boats and ferries and private vehicles will use sensors and navigating without human input. Taxi and truck drivers will become obsolete, the stock store applies to stock managers and postal carriers of the delivery is distributed by (AI) machine delivery method.

Download or read book How and Why Artificial Intelligence Influences written by Johnny Ch LOK and published by . This book was released on 2020-05-22 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: I suppose that productivity can be raised. What are the impacts of robots on employment? Firstly, the main focus of development has been on personal entertainment, which does not drive worker productivity ( manufacturing production). When the internet ( information and communication technology (ICT)) innovation. This is borne and by findings that manufacturing productivity, which has been driven by innovations in automation rather than consumer technologies, has government strongly than productivity in the services sectors of the economy in most nature economies. It seems (AI) automation will create many jobs in internet communication entertainment game industry. For example, many young people like to use internet to play any electronic games from computer or mobile at home or outside home conveniently. Thus, (AI) automation will increase demand to be invented to any new entertainment game from internet channel. It will need to employ many (AI) entertainment game inventors to create many automation entertainment games. Thus, (AI) automation in internet entertainment game industry will need human (AI) entertainment game inventors to invent the knowledge-based capital of (AI) automation entertainment games. The (AI) entertainment game inventors will need own research and development skills, form specific skills, organizational know-how skills, databased knowledge, design and various forms of intellectual property to do these (AI) automation entertainment game invention occupations in the future.International Federation Of Robotics(2016) indicated that China will be as a major robotics manufacturer and user of robots, benefiting from jobs created by robot manufacturing and productivity gains from robot use. Chins had sold of robots to any one single market every year since 2017 year. The Chinese government has included a focus on robotics in its 10 year strategy. In order to achieve its target of a robot density of 150 units per 10, 000 workers by 2020 year. Thus, Chinese companies will have to install around 650,000 new industrial robots between 2016 to 2020 year, 2.5 times more than installed globally in 2015 year. Hence, China (AI) manufacturing industry will need to employ many workers . It implies (AI) manufacturing industry will create many new occupations in China. Also, ministry of economy, trade and industry (2015) also showed that Japan currently has the largest stock of industrial robots in operations, primarily in the automation industry. Driven by a rapidly aging population and low productivity rates, the Japanese government has sights on a 20-fold increase in the use of robots in the non-manufacturing sector and a three-fold growth rate of labor productivity in the service sector both by 2020 year. Thus, it also implies Japan will need many robots to be provide to service industry. Due to robots will provide to serve any businessmen's clients. Thus, it is possible that the service workers won't be dismissed as well as it is depended on the serving job nature to decide whether Japan's service workers can still serve to their employer when the service (AI) robots are applied to whose employers.Consequently, it seems that (AI) can create employment, Ministry of economy, trade and industry (2015) showed that such as China will develop the major (AI) automation manufacturing industry. The (AI) employers will need to employ many workers to manufacture any these different kinds of (AI) robots to satisfy China or overseas individual or business buyers needs. But, (AI) can also cause unemployment to the low skillful service workers. Such as if Japan some service businesses choose to buy any (AI) service robots to replace their service staffs to serve their clients. It is possible that the service staffs will be dismissed, due to (AI) robots can do such as their same service job duties to achieve better service performance.

Download or read book From Immigrants to Robots written by George J. Borjas and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increased use of robots has roused concern about how robots and other new technologies change the world of work. Using numbers of robots shipped to primarily manufacturing industries as a supply shock to an industry labor market, we estimate that an additional robot reduces employment and wages in an industry by roughly as much as an additional 2 to 3 workers and by 3 to 4 workers in particular groups, which far exceed estimated effects of an additional immigrant on employment and wages. While the growth of robots in the 1996-2016 period of our data was too modest to be a major determinant of wages and employment, the estimated coefficients suggest that continued exponential growth of robots could disrupt job markets in the foreseeable future and thus merit attention from labor analysts.