Lifeboat Foundation

In Brief:

• Computing pioneer, Vinod Khosla, envisions a future where Artificial Intelligence will take over 80 percent of IT jobs.
• IT guys are not the only white collar professionals who Khosla sees as replaceable by VR they also join doctors, lawyers, and accountants on the growing list.

In the past, the United Nations has considered the threat posed by weaponized AI, but now the body is looking at a more mundane, but still important, robot invasion. A report from the latest UN Conference on Trade and Development has outlined how the increasing use of industrial automation is impacting jobs in developing countries, and what strategies may help in overcoming the problem.

Robots taking over human jobs has been a concern for decades, but those concerns generally focus on developed countries. The report points out that developing countries in Africa and Latin America may be at greater risk of having their industrialization slow down, since the increasing use of robots is eating into the low-cost labor advantage that developing countries have traditionally held. Up to two thirds of those occupations may be at risk.

Another issue is the trend of “reshoring.” Functioning as opposite of offshoring, reshoring sees companies move their labor operations back to developed countries, to be carried out by robots or automated systems. While it has the potential to disrupt developing countries from industrializing, the report notes that reshoring has so far been slow-paced, and hasn’t undermined the continued offshoring.

A vast majority of global investors believe AI and robots will destroy huge numbers of existing jobs.

For Americans struggling with stagnant wages, under- or un-employment, one of Donald Trump’s most appealing campaign promises was to bring manufacturing jobs back to the U.S.

Navigating the complexities of policy, tariffs and geopolitics would make that hard enough already for the president elect. But technology will make this promise nearly impossible to fulfill.

Why? Because manufacturing jobs are increasingly done by robots, not people.

Continue reading “Trump promises to bring back manufacturing jobs, but robots won’t let him” »

In Brief:

• Experts assert that, in the coming years, robots will take over hundreds of thousands of jobs that are traditionally done by humans.
• In a recent interview, Elon Musk stated that Universal Basic Income may be the only economic response to this increasing automation and job loss.

The Tesla and SpaceX CEO says that a universal basic income will allow more time for leisure.

They’re worried about their jobs but otherwise optimistic.

Tough times lay ahead for human workers. With the advent of automation comes a much smaller job market and an ever-shrinking work force. Jobs traditionally held by humans are now being taken over by robots and computer software. Now, another job sector is being threatened by automation: the public sector.

A study conducted by Oxford University and Deloitte, a business advisory firm, found that 850,000 public sector jobs in the UK are at risk of being lost by 2030 due to automation. The report also mentions how more than 1.3 million administrative jobs in the public sector have a 77% probability of being automated. These jobs include highly repetitive jobs like clerical work and transportation work.

–This report comes as good news to fiscal policy makers who wish to cut costs. It shows the government can save up to £12 billion in public sector wages by 2030.

Continue reading “Experts State Robots Will Take Over Additional 850,000 Jobs By 2030” »

Within 20 years nearly all jobs will be automated and will lead to a human revolution, claims top futurist philosopher.

Zoltan Istvan | Motherboard

Futurist and architect Jacque Fresco speaks in parables. If he goes on too long with a story, his 40-year partner Roxanne Meadows interjects facts to keep him on track. Fresco recently turned 100 years old, and is the oldest celebrity futurist in the world. His magnum opus is The Venus Project, a 21-acre Central Florida Eden with white dome-shaped buildings that Meadows and he hand built over three and a half decades. The sanctuary and research center is where Fresco still leads weekly seminars, which includes a tour of 10 buildings—some filled with hundreds of future city models inside them—that highlight the promise of a future world where equality and technology abound.

Continue reading “Robots to Take Nearly All Jobs within 20 Years, Top Futurist Claims” »