Since Carl Benedikt Frey and Michael Osborne of Oxford published their article on the perspective of task automation in 2013, a wave of fear has emerged about the effect that the various technologies of the Fourth Industrial Revolution can have on the labour market.
Since for many, the predominant narrative has been that the relentless march of the virtual generation will consume all the work in its path, a COVID-19 pandemic that has accelerated virtual transformation in many tactics would also have accelerated automation.
It’s a story that has a real detail. A recent report through Dell highlighted how COVID has accelerated the virtual transformation efforts that many organizations had undertaken before the pandemic, spaces like cybersecurity are receiving as much investment as rebuilding business models. It should also be noted that technologies such as artificial intelligence and robotics were not yet a primary target for organizations.
The fact that corporations don’t seem to invest heavily in AI is demonstrated by the madness it is through studies through Berkeley Haas, which shows what those investments look like in terms of productivity, power and market share.
What may be vital to note in discussions about the effect of generation on employment is that corporations that invest so much in AI have actually increased their workforce by 15%. In addition, this accumulation in employment was not only noticed at the business level, but in entire sectors. Companies that knew AI did not gain advantages from it at the expense of their rivals. Researchers recommend that this is because companies used AI to be more productive, which helped them grow.
This expansion has been positioned towards new regions or market position positions for new products, and corporations have benefited from their new productivity and efficiency. Clearly, this has a tendency to fuel fears about the concentration of the higher market position among a few giant corporations, however, researchers feel that this deserves not to be a cause for fear for us because it is only a mirror image of the percentage of market position of the maximum productive companies.
This is a conclusion repeated through additional studies from the Stanford Institute for Human-Centered Artificial Intelligence (HAI), which revealed that there appears to be transparent dating between AI-related work and economic growth, resulting in greater well-being around the world. Society.
This general optimism, however, is not felt uniformly. For example, the Oxford University Internet Institute’s Global Attitudes Report shows a very divided audience about the effect of AI on public life, the other people this is supposedly much more comfortable than those in the West.
The studies are based on the knowledge generated through the 2019 Global Risk Survey produced through the Lloyds Register Foundation. His survey examines the public belief of global risks, with 142 countries committed.
“Understanding public acceptance as true in artificial intelligence and device learning is critical to a successful implementation of such systems in government,” the researchers explain.
This belief of vulnerability is reinforced in the most recent report by the Royal Society for Arts, Manufactures and Commerce (RSA)’s future team on how COVID is affecting the automation landscape.
The report seeks to broaden a signal of the threats of jobs vulnerable to all the consequences of COVID-19 and even to the virtual transformation that society is undergoing as a result of the pandemic. The authors recommend that government-dependent industries are also maximum maximums that are likely to be at risk of automation.
They identify other young people as the most vulnerable, which may not be as surprising, as studies at the University of Western Australia have shown that other young people are most vulnerable to loss of COVID tasks in general.
The paper highlights how the youth labour market is characterized by high levels of customer roles in sectors such as hospitality, fitness and retail in addition, these jobs are part-time or casual, and youth unemployment was already incredibly vulnerable because of this. .
While it is far from transparent to date that automation plays an almost as vital role as COVID itself in the demanding labour market situations faced by young people, however, it is very vital that other young people suffering from pandemics be given.
It is well known that in past crises, such as 2008 and the early 1990s, unemployment tended to invade the labour market after the recession, which made it incredibly difficult for young people. As such, the authors claim that governments deserve to provide help to help young people. other people look for work again.
“Customized for our young people, other people who can succeed over multiple barriers to employment, such as skills, transportation, disadvantages, homework readiness, and communication skills is vital,” they say. “It is also vital for legislators to fight the growing precariousness of work by forcing and making sure they are the most vulnerable.
RSA offers a strong recommendation on the nature of this support, adding help to others expand new skills and transition to new careers. These will almost in fact be incredibly important, your suggestion that AI is the culprit is far from relevant.
I’m a free human being who believes that the long term already exists, if you know where to look. From London’s bustling Knowledge District, my project in life is
I am a free-living human being who believes that the long term already exists, if we know where to look. From the bustling Knowledge Quarter in London, my life project is to track those things down and take them to a wider audience. Innovation consultant, writer, Katerva futurist and writer of The 8-Step Guide to Building a Social Workplace. I have worked in the public and personal sectors, helping organizations detect desirable and running projects from around the world to help the cause of the innovation process. With a graduate degree in computer science, my articles will bring you complex topics in an easy-to-understand way that will allow you to bring new perspectives to your work, and perhaps even to your life.