Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Robotics’

Racing the Machine

Posted by hkarner - 26. Dezember 2017

Robert Skidelsky, Professor Emeritus of Political Economy at Warwick University and a fellow of the British Academy in history and economics, is a member of the British House of Lords. The author of a three-volume biography of John Maynard Keynes, he began his political career in the Labour party, became the Conservative Party’s spokesman for Treasury affairs in the House of Lords, and was eventually forced out of the Conservative Party for his opposition to NATO’s intervention in Kosovo in 1999.

Economists have always believed that previous waves of job destruction led to an equilibrium between supply and demand in the labor market at a higher level of both employment and earnings. But if robots can actually replace, not just displace, humans, it is hard to see an equilibrium point until the human race itself becomes redundant.

LONDON – Dispelling anxiety about robots has become a major preoccupation of business apologetics. The commonsense – and far from foolish – view is that the more jobs are automated, the fewer there will be for humans to perform. The headline example is the driverless car. If cars can drive themselves, what will happen to chauffeurs, taxi drivers, and so on?

Economic theory tells us that our worries are groundless. Attaching machines to workers increases their output for each hour they work. They then have an enviable choice: work less for the same wage as before, or work the same number of hours for more pay. And as the cost of existing goods falls, consumers will have more money to spend on more of the same goods or different ones. Either way, there is no reason to expect a net loss of human jobs – or anything but continual improvements in living standards. Den Rest des Beitrags lesen »

Advertisements

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Globalisation may soon accelerate again – time to get domestic policies right

Posted by hkarner - 20. Dezember 2017

Professor of International Economics, Graduate Institute, Geneva; President of CEPR; Vox Editor-in-Chief

Managing Director of the Research Institute of the Finnish Economy (ETLA)

Richard Baldwin, Vesa Vihriälä 19 December 2017, voxeu

Posted in Artikel | Verschlagwortet mit: , , , , , , | Leave a Comment »

Does Amazon Create Jobs? Well, It Hired 75,000 Robots in 2017

Posted by hkarner - 9. Dezember 2017

By Dave Edwards and Helen Edwards, gz.com
December 4, 2017
Originally published here

There are 170,000 fewer retail jobs in 2017 – and 75,000 more Amazon robots.

Amazon’s headcount is growing by 40% year-over-year. It was the eighth-largest private employer in the US at the end of 2016, and it’s poised to climb those ranks quickly. The online retailer also announced plans to build a second US headquarters that will employ 50,000 employees.

But Amazon’s growth comes at a cost. It has a well-earned reputation for overwhelming competitors. Even though Amazon represents a small portion of the overall retail industry, it dominates the industry’s sales growth.

We wondered: Does Amazon create more jobs than it destroys?

It depends – on whether you are a robot

We assembled employment data for the retail industry as a whole, and for Amazon in particular. We estimated year-end results for 2017, based on current trends. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Rage Against the Machine?

Posted by hkarner - 9. Dezember 2017

Laura Tyson, a former chair of the US President’s Council of Economic Advisers, is a professor at the Haas School of Business at the University of California, Berkeley, a senior adviser at the Rock Creek Group, and a member of the World Economic Forum Global Agenda Council on Gender Parity.

Susan Lund is a partner of McKinsey & Company and a leader at the McKinsey Global Institute.

Almost every aspect of our economies will be transformed by automation in the coming years. But history and economic theory suggest that fears about technological unemployment, a term coined by John Maynard Keynes nearly a century ago, are misplaced.

BERKELEY – Intelligent machines are transforming the way we produce, work, learn, and live throughout the world. Almost every aspect of our economies will be radically altered. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

Europe’s Chance to Lead on Robotics and AI

Posted by hkarner - 8. Dezember 2017

Guy Verhofstadt

Artificial intelligence could be either the best or the worst thing that ever happened to mankind. To prepare for the profound changes to lives and livelihoods that lie ahead, the European Union should start establishing rules to protect all Europeans – and give the rest of the world a model to follow.

BRUSSELS – At least since Mary Shelley created Victor Frankenstein and his iconic monster in 1818, humans have had a morbid fascination with man-made beings that could threaten our existence. From the American television adaptation of “Westworld,” which depicts an amusement park populated by androids, to the “Terminator” films, in which super-intelligent machines aim to destroy mankind, we often indulge the paranoid fantasy that our own technological creations might turn on us. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

How Robots May Make Radiologists’ Jobs Easier, Not Redundant

Posted by hkarner - 23. November 2017

Date: 22-11-2017
Source: The Wall Street Journal

Artificial intelligence programs that diagnose disease by analyzing images still require human judgment

Artificial intelligence programs may help radiologists examine the tens of billions of X-rays generated each year in the U.S.

Earlier this month a team of computer scientists at Stanford University announced that their artificial intelligence program had diagnosed pneumonia on chest X-rays more accurately than human radiologists.

“Should radiologists be worried about their jobs?” one of the scientists, Andrew Ng, tweeted.

Probably not. In fact, they ought to be relieved: AI is more likely to make their jobs easier than redundant. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

How the Robot Revolution Could Create 21 Million Jobs

Posted by hkarner - 19. November 2017

Date: 16-11-2017
Source: The Wall Street Journal

Data detective, man-machine teaming managers: some of the ways human workers are likely to be needed to manage artificial intelligence and automation

With robots on the march, many tech visionaries foresee a world with far fewer jobs. The advance of artificial intelligence and automation, they say, will make much of the work people do obsolete. Some entrepreneurs such as Tesla Inc. founder Elon Musk predict so little human work will be left that a universal social-safety net will be needed to maintain economic order.

But a sunnier employment picture can be painted. At least 21 new job categories may soon emerge from technological and other societal changes, says a new report from IT-services and consulting firm Cognizant Technology Solutions Corp.

With titles such as “genetic diversity officer,” “virtual store sherpa” and “personal memory curator,” these roles aren’t science fiction, the study’s authors argue. Rather, they are identified as jobs many employers will have to fill within the next decade. Den Rest des Beitrags lesen »

Posted in Artikel, Books | Verschlagwortet mit: , , | Leave a Comment »

The Seven Deadly Sins of AI Predictions

Posted by hkarner - 7. Oktober 2017

Date: 06-10-2017
Source: Technology Review by Rodney Brooks

Mistaken extrapolations, limited imagination, and other common mistakes that distract us from thinking more productively about the future.

We are surrounded by hysteria about the future of artificial intelligence and robotics—hysteria about how powerful they will become, how quickly, and what they will do to jobs.

I recently saw a story in ­MarketWatch that said robots will take half of today’s jobs in 10 to 20 years. It even had a graphic to prove the numbers.

The claims are ludicrous. (I try to maintain professional language, but sometimes …) For instance, the story appears to say that we will go from one million grounds and maintenance workers in the U.S. to only 50,000 in 10 to 20 years, because robots will take over those jobs. How many robots are currently operational in those jobs? Zero. How many realistic demonstrations have there been of robots working in this arena? Zero. Similar stories apply to all the other categories where it is suggested that we will see the end of more than 90 percent of jobs that currently require physical presence at some particular site. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

Don’t Blame the Robots

Posted by hkarner - 3. September 2017

Date: 01-09-2017
Source: Foreign Affairs

How Housing Prices and Market Power Explain Wage Stagnation
By Sahil Mahtani and Chris Miller

Six months ago, Microsoft’s Bill Gates proposed a robot tax, on the grounds that if workers pay taxes, so too should the machines that take their jobs. Such a policy would, in Gates’s words, “slow down the speed” of automation, thereby allowing societies to “manage [the] displacement” of workers. The idea speaks to a widespread sense that the labor market isn’t working like it used to.

But since Gates made his statement, it has become clear that taxing technology entails a comically large number of problems. One is that robots can both reduce and increase the demand for human labor. Search algorithms reduced the need for travel agents, but Uber increased demand for drivers. It is impossible to determine ex ante which robots to tax. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Career of the Future: Robot Psychologist

Posted by hkarner - 11. Juli 2017

Date: 10-07-2017
Source: The Wall Street Journal

Engineers are using cognitive psychology to figure out how AIs think and make them more accountable

Artificial-intelligence engineers have a problem: They often don’t know what their creations are thinking.

As artificial intelligence grows in complexity and prevalence, it also grows more powerful. AI already has factored into decisions about who goes to jail and who receives a loan. There are suggestions AI should determine who gets the best chance to live when a self-driving car faces an unavoidable crash.

Defining AI is slippery and growing more so, as startups slather the buzzword over whatever they are doing. It is generally accepted as any attempt to ape human intelligence and abilities. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »