Lifeboat Foundation

Topic: James Hughes — The Future of Work (Future Day Talk) Time: Mar 1, 2022 08:00 AM Canberra, Melbourne, Sydney Join Zoom Meeting https://us02web.zoom.us/j/81306102463?pwd=eDBldno3cUdZZGcxVHoxNEJ1RkgrUT09 Meeting ID: 813 0610 2,463 Passcode: Q6VzpF

As part of the annual Future Day celebration, James Hughes will join us that may concern you — ‘The Future of Work’. Zoom details coming soon!

Abstract: The pandemic has launched a debate about the future of work around the world. Those who can work remotely have often found they prefer remote or flexible, hybrid options. The Great Resignation has put upward pressure on wages and benefits in the service sector, encouraging the implementation of automation. Climate change mitigation is encouraging a shift towards “green jobs.” Rapid changes in the labor market have made the payoffs of higher education uncertain for young people, while many societies are entering an old-age dependency crisis with too few workers paying taxes for growing numbers of pensioners. Before the pandemic proposals for universal basic income (UBI) were seen as necessary adaptations to imminent technological unemployment, and the during the pandemic many countries provided temporary UBI to keep people safe. We are now poised for a global discussion about whether we need to work at all, and what kinds of jobs are desirable.

Before the pandemic started (ah, those glorious days…) a collective panic was mounting over automation and robots gradually replacing workers in various fields, or “stealing our jobs,” as the common refrain went. These worries haven’t subsided two years later, but they’re being countered by severe and largely unexpected labor shortages across multiple sectors of the economy. One of the industries that’s struggling most is restaurants. While we may still encounter automation-related unemployment problems down the road, right now it seems robots are lending a much-needed hand in food service.

One of these robots is none other than Flippy, initially debuted in 2017 to flip burgers at a California fast food chain. Since then Miso Robotics, Flippy’s maker, has expanded the bot’s capabilities, creating a version that can cook chicken wings, fries, and other greasy delights. This week also brought a significant expansion to Flippy’s presence as White Castle announced plans to install the robot at more than 100 restaurants this year.

Continue reading “Flippy the Fast Food Robot Just Got Hired in 100 Restaurants” »

Work remotely, work more jobs.

With the pandemic’s turbocharged acceleration of remote work options, many employees have sought to capitalize on the lack of personal supervision by secretly working two (or more) full-time jobs at once. But while there’s more money to be made, the strategy brings with it significant tradeoffs, namely mental health.

Continue reading “How Remote Workers Are Secretly Juggling Two Full-Time Jobs” »

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Most picking jobs will be done by bots | Science & technology.

In part because the technologies have not yet been widely adopted, previous analyses have had to rely either on case studies or subjective assessments by experts to determine which occupations might be susceptible to a takeover by AI algorithms. What’s more, most research has concentrated on an undifferentiated array of “automation” technologies including robotics, software, and AI all at once. The result has been a lot of discussion—but not a lot of clarity—about AI, with prognostications that range from the utopian to the apocalyptic.

Given that, the analysis presented here demonstrates a new way to identify the kinds of tasks and occupations likely to be affected by AI’s machine learning capabilities, rather than automation’s robotics and software impacts on the economy. By employing a novel technique developed by Stanford University Ph.D. candidate Michael Webb, the new report establishes job exposure levels by analyzing the overlap between AI-related patents and job descriptions. In this way, the following paper homes in on the impacts of AI specifically and does it by studying empirical statistical associations as opposed to expert forecasting.

Second, we need to be aware of the manifest biases and fallacies that magnify the weight humans put on potential losses compared to potential future gains. As a result of these biases, humans often seek to preserve the status quo over pursuing activities that lead to future changes, even when the expected (but risky) gains from the latter may outweigh those of maintaining the status quo. The preference for the status quo, and neat narratives that oversimplify complex scenarios, can lead to overlooking (or ignoring) important information that is not consistent with the current generally accepted meme — illustrated, perhaps, in Musk’s continued optimism for autonomous vehicles despite the evidence leading to others downscaling their forecasts.

The first and second points together lead to the third important consideration: the importance of independently verified data over forecasts and opinion in determining the need for and appropriateness of policy interventions. And data is historical by nature. Pausing to collect it rather than rushing to respond is recommended.

To that end, we can use available data to analyze whether increasing use of AI is demonstrably affecting key labor market performance indicators: labor productivity and multifactor productivity growth. If, as Keynes suggests, AI-driven technological change is increasing the potential for new means of economizing the use of labor to outrun the pace of finding new ways to use it, we would expect to see both statistics rising in the era dominated by AI. Yet as Figures 1 and 2 show, the exact opposite appears true for a wide range of OECD countries. Neither does the data suggest that other key labor market indicators have changed negatively with the advent of AI. As with the computer industry, we see the effects of AI everywhere but in the productivity statistics.

This is a bit interesting. As we all know, education has been crushed by the pandemic measures. Jeff Bezos has been operating one free preschool program in Washington State where Amazon is based. Now he is adding three more such programs in Texas.

I assume he picked Texas because Blue Origin is based there and he wishes to focus more on Blue Origin. Elon Musk regularly donates to education in Texas as well, likely because Starship is currently based in Texas.

Houston city council member Karla Cisneros said the partnership will help support the development and success of some of the city’s neediest children and help the future workforce be prepared for jobs. “We are helping women get back to work, and we are giving young children a good shot at a better life,” Cisneros said in the release.

Continue reading “Amazon founder Jeff Bezos’ free preschool program is coming to Houston” »

Indian billionaire Mukesh Ambani is going big on green energy.

His conglomerate, Reliance Industries, announced Thursday that it would allocate a whopping 6 trillion rupees (approximately $80.6 billion) to renewable power projects in the western Indian state of Gujarat, where it hopes to help generate a million new jobs.

The bulk of that money — about $67.7 billion — will go toward a new power plant and hydrogen system, the company said in a stock exchange filing. Reliance plans to make the massive investment over a 10-to-15-year period, and has already begun scouting for land for the 100-gigawatt capacity site.

Over 70,000 jobs will be created through the rising battery manufacturing in Europe within the next years, new studies predict.

The energy supply in Germany and Europe has never been more in flux. As the success of renewable energies continues to mount, another technology is coming into focus. Energy storage technologies and battery storage systems in particular are becoming increasingly important with the advancement of the energy transition. This development also has significant implications for Germany as an economic center, since battery production is expected to create thousands of jobs here in the future.

Europe has not traditionally played a very significant role as a site for battery cell production, but technical advances, favorable political conditions and an especially promising sales market are making the continent increasingly attractive for battery production. A look at the key role that battery cell production plays in upstream value chains – throughout the renewable energy supply sector and especially in the manufacture of electric vehicles – makes its significance clear. Battery cells represent approximately 40 percent of the value added in the production of an electric vehicle. So it is no wonder that production capacities for lithium-ion batteries are growing faster in Europe than in any other region of the world. Current forecasts predict that the continent’s share in this global manufacturing business will increase from around 6 percent now to 16 to 25 percent by 2030.

Continue reading “Battery manufacturing is coming to Europe” »