An assumption was that new jobs in new industries would take up displaced workers — but that hasn’t happened, says Satyajit Das.
Read more
Category: employment – Page 83
If you listen to the wrong people, the North American manufacturing industry is doomed.
There is no denying that the U.S. and Canada have been losing jobs to offshore competition for almost half a century. From 2000 to 2010 alone, 5.6 million jobs disappeared.
Interestingly, though, only 13 percent of those jobs were lost due to international trade. The vast remainder, 85 percent of job losses, stemmed from “productivity growth” — another way of saying machines replacing human workers.
Read more
And, we all have heard all of the horrorr stories of a botch surgery or treatment performed by a MD who was a fraud. Well, our friends on the Dark Web are at work again in supplying anyone willing to pay fake diplomas & certifications. The challenge is how do companies and agencies validate? Something to ponder as we all know hackers can also forge educational records as well.
Criminals on the Dark Web (a lawless, unregulated part of the Internet) are supplying fake diplomas and employment certifications to anyone with a few hundred bucks.
According to Israeli threat intelligence firm Sixgill, people are even hiring hackers to penetrate university computer systems to alter grades.
The company has pinpointed multiple vendors selling degrees and accreditation that can easily be mistaken for being legitimate, so the market for fraudulent documents is booming.
A new report asserts that, by 2025, jobs from the customer service, trucking, and taxi industries will be taken over by cognitive technologies. Yet, we will begin to truly feel the impact of this in just 5 years.
A report that was released by Forrester last month predicts that cognitive technologies will take over some 7% of jobs in the United States in less than a decade (by 2025). Notably, the report asserts that the trend will make itself felt five years from now.
“By 2021, a disruptive tidal wave will begin. Solutions powered by AI/cognitive technology will displace jobs, with the biggest impact felt in transportation, logistics, customer service, and consumer services,” says Forrester VP Brian Hopkins. Forrester estimates around 6% of jobs will be eliminated by as early as 2021.
Read more
Over the course of the next year, Finland is putting Universal Basic Income to the test. Thousands of individuals are going to be getting a basic income to trial (what could be) the economics of the future.
The views and opinions expressed are solely those of the author. They do not necessarily represent the views of Futurism or its affiliates.
Finland is about to launch an experiment in which a randomly selected group of 2,000–3,000 citizens already on unemployment benefits will begin to receive a monthly basic income of 560 euros (approx. $600). That basic income will replace their existing benefits. The amount is the same as the current guaranteed minimum level of Finnish social security support. The pilot study, running for two years in 2017–2018, aims to assess whether basic income can help reduce poverty, social exclusion, and bureaucracy, while increasing the employment rate.
Read more
Singularity: The technological singularity (also, simply, the singularity) is the hypothesis that the invention of artificial superintelligence will abruptly trigger runaway technological growth, resulting in unfathomable changes to human civilization.
Have you ever taken a look at the constantly accelerating world of technology and thought “what happens if these machines become more intelligent than us? Will they develop conscious thoughts and decide that we are inferior and wipe us out? Will they become our bff’s for being their creators? How come our jobs are rapidly being replaced by machines? What will be the role of humans if we are no longer the most intelligent beings? Is this at all even possible?”
I find these ideas interesting to think about and I think the notion of singularity is a possibility that should at least be considered. In this article I’m going to outline a few of the issues surrounding intelligent machines and advanced AI. As well as give some of my personal opinions about the topic.
Read more