Tag: Technical

Does Technology Help or Hurt Employment?

Does Technology Help or Hurt Employment?

By Peter Dizikes | MIT News

This is part 2 of a two-part MIT News feature examining new job creation in the U.S. since 1940, based on new research from Ford Professor of Economics David Autor. Part 1 is available here .

Ever since the Luddites were destroying machine looms, it has been obvious that new technologies can wipe out jobs. But technical innovations also create new jobs: Consider a computer programmer, or someone installing solar panels on a roof.Overall, does technology replace more jobs than it creates? What is the net balance between these two things? Until […]

Artificial Intelligence: Is it a Looming Threat to Employment Generation?

Artificial Intelligence: Is it a Looming Threat to Employment Generation?

In the rapidly evolving landscape of technology, the advent of Artificial Intelligence (AI) has sparked both awe and apprehension. While hailed for its potential to revolutionize industries and streamline processes, there’s a growing concern that AI could pose a significant threat to employment generation. This sentiment has ignited a fervent debate among experts and policymaker’s worldwide. Proponents of AI argue that it has the capacity to enhance productivity, efficiency, and innovation across various sectors. From automated manufacturing processes to intelligent customer service systems, AI applications promise to streamline operations and unlock new avenues for growth. Advocates often highlight the […]

Study Shows Skills Shortage Is a Reality for Nine Out of Ten German SMEs

Study Shows Skills Shortage Is a Reality for Nine Out of Ten German SMEs

Press release from the issuing company Challenge: A widespread problem that extends beyond the printing industry Catching up to do: Almost half of SMEs only moderate when it comes to digitalization

Solution: Artificial intelligence, machinery, and robotics offer potential remedies

German SMEs are suffering a massive skills and workforce shortage – a fact highlighted by a representative survey among SME decision-makers that the F.A.Z. Institute conducted for Heidelberger Druckmaschinen AG (HEIDELBERG). According to this survey, nine out of ten German SMEs do not have enough staff. Just under half (49 percent) said they were badly or very badly affected […]

Sharing the benefits of technological progress

Sharing the benefits of technological progress

High-tech-city-skyline-hologram.-3D-rendering. Image: iStock / Jarmo Piironen This is the first of three articles discussing how the benefits of technological progress are shared, and thus determine the distribution of income and influence our economic and social structures. This first article focuses on how these benefits have been shared historically.

Throughout history the growth in living standards has come from increasing productivity and over thousands of years almost all that productivity growth has been driven by technological progress. Furthermore, the standard model used by economists who study economic growth typically assumes that this increase in productivity is more or less equally […]

Will AI Take My Job—Or Become My New Coworker?

Will AI Take My Job—Or Become My New Coworker?

AI is the poster child of the Fourth Industrial Revolution. Just how much will it change our work? AI is the poster child of the Fourth Industrial Revolutiongetty In education, industry and our personal lives, artificial intelligence (AI) is set to have an outsized impact—just how big, we don’t really know yet. People’s responses are understandably mixed, running the gamut from outright fear to cautious experimentation to wholehearted enthusiasm.

As we explore the limits of what AI can do, even its most passionate supporter has to wonder at some point whether this technology will render us obsolete. In short: Will […]

Do you really need AI for your business?

Do you really need AI for your business?

Here are some ways you can use AI to increase efficiency and productivity in your company

EBL On-Demand KN Piers Linney How can SMEs effectively implement AI in their business? What are the steps to choosing the right AI solution for your company? The first day of the Elite Business Live 2024 saw hundreds of attendees in the audience as former Dragon Den Piers Linney took to the stage for the Digital Transformation keynote. Piers Linney, a serial entrepreneur and co-founder of Implement AI, spoke about the advantages of using artificial intelligence in your business – and why AI […]

Job market: the most valued cognitive skills

Job market: the most valued cognitive skills

To find a job in the digital age, one needs more than just technical skills. Interpersonal qualities are critical to success in an increasingly complex and diverse work environment. Professionals who can master these competencies will be better prepared to thrive and face the challenges and opportunities presented by the labour market of the future.

The new technological revolution we are experiencing has brought about an accelerated digitisation and automation of many tasks, driven by artificial intelligence, which is radically transforming the labour market. This radical evolution of the nature of work requires new skills and personal competencies […]

Fastest-growing jobs in Texas

Stacker // Canva With the country eager to put the pandemic firmly in the rear-view mirror, the American economy continued to boom in 2023. The national unemployment rate remained around 3.6%, while the total number of people employed grew to roughly 152 million, up from 148 million in 2022.

The economy has seen several significant changes in recent years. Many people are leaving expensive coastal states such as California and New York and moving to more affordable places in the Mountain West region and the South, buoyed by companies that have embraced remote work. What’s more, in a reversal of […]

Fastest-growing jobs in Missouri

Fastest-growing jobs in Kentucky. With the country eager to put the pandemic firmly in the rear-view mirror, the American economy continued to boom in 2023. The national unemployment rate remained around 3.6%, while the total number of people employed grew to roughly 152 million, up from 148 million in 2022.The economy has seen several significant changes in recent years. Many people are leaving expensive coastal states such as California and New York and moving to more affordable places in the Mountain West region and the South, buoyed by companies that have embraced remote work. What’s more, in a reversal […]

How Automation Influences the Future of Work

How Automation Influences the Future of Work

The integration of artificial intelligence (AI) into the workplace is no longer a matter of future speculation—it’s an evolving reality reshaping industries and job roles. Katharina Grienberger, a labor market researcher, probes the extent to which various professions could technically be substituted by machines, offering fresh insights into future trends.

Professions across the spectrum, from editorial roles to specialized technical jobs, are experiencing the impact of tools like ChatGPT . These innovative AI applications do not only enhance productivity but also provoke questions about the future of human employment in certain sectors. According to the data, the rise of AI […]