Lifeboat Foundation

We’re beginning to see the early stages of that trend pick up pace: In 2022, 34% of job tasks were completed by machines versus 66% by humans, according to the World Economic Forum’s “The Future of Jobs Report 2023”. By 2027, that ratio is expected to increase to 43% of tasks completed by machines and 57% by humans.

“On the one hand, yes, it’s scary to envision a world in which almost no job is safe from automation or from robotics. But the important thing to keep in mind is that through this kind of creative destruction process, while jobs will certainly be lost in some areas, there also will be jobs that will be gained.”

Despite those concerns, investors are looking for ways to bet on the growth of robotics. And according to the International Federation of Robotics, they don’t have to look very far. The US is home to the most suppliers that manufacture service robots and is well-positioned to cater to the rapidly growing global demand for robotics. The annual installation of industrial robots is expected to grow by about 30%, from 553,000 installations in 2022 to 718,000 in 2026.

In the shadows of the digital age, a quiet revolution unfolds, reshaping the landscape of work with every passing moment. Artificial intelligence (AI), once the fodder of science fiction and speculative thought, now infiltrates every facet of our professional lives, often in ways so subtle that its impact goes unnoticed until it’s too late. This silent shift sees AI not just complementing human efforts but outright replacing them, leaving a trail of obsolescence in its wake. Thus, let’s delve into the stark realities of AI’s encroachment on human jobs, exploring the future landscape of employment and the duality of its impact, through a lens that does not shy away from the grim nuances of this transition.

Across industries, AI’s efficiency, relentless work ethic, and precision have made it an irresistible choice for employers. From manufacturing lines where robotic arms assemble products with inhuman speed and accuracy, to sophisticated algorithms that manage stock portfolios, outperforming their human counterparts, the signs are clear. AI doesn’t just work alongside humans; it often works instead of them. The adoption of AI in tasks ranging from customer service bots handling inquiries with unsettling empathy, to AI-driven analytics predicting market trends with eerie accuracy, showcases a reality where human involvement becomes increasingly redundant.

As AI continues to evolve, the future of human employment navigates a precarious path. On one hand, new realms of jobs and careers will emerge, focusing on managing, enhancing, and leveraging AI technologies. On the other, the specter of widespread job displacement looms large, a testament to the inexorable march of progress that waits for no one.

On this day in 1976: Apple was founded.

Apple Inc., originally named Apple Computer, Inc., is a multinational corporation that creates and markets consumer electronics and attendant computer software, and is a digital distributor of media content. Apple’s core product lines are the iPhone smartphone, iPad tablet computer, and the Macintosh personal computer. The company offers its products online and has a chain of retail stores known as Apple Stores. Founders Steve Jobs, Steve Wozniak, and Ronald Wayne created Apple Computer Co. on April 1, 1976, to market Wozniak’s Apple I desktop computer,^[2] and Jobs and Wozniak incorporated the company on January 3, 1977,^[3] in Cupertino, California.

A new report warns of potentially major disruption to UK employment from the coming wave of AI. An estimated 11% of tasks are already exposed to current AI, a figure that could rise to 59% during a second wave. But there could also be opportunities for economic growth.

From the discovery and use of fire in the Stone Age, through to the handheld smartphones of today, technology has improved our living standards and is the foundation of modern society. Yet unmanaged technological change comes with risks and disruptions. The current wave of technology including generative AI – described by some as the “Fourth Industrial Revolution” – promises transformative benefits, while at the same time bringing potential disruption through its impact on wage inequality, wealth inequality, and job displacement.

As generative AI becomes more prevalent in our day to day lives, it will also impact our careers and change how companies hire and retain talent.

A hot potato: A lot of companies try to assuage fears that employees will lose their jobs to AI by assuring them they’ll be working alongside the tech, thereby improving efficiency and making their duties less tedious. That claim feels less convincing in light of a new survey that found 41% of managers said they are hoping to replace workers with cheaper AI tools in 2024.

A report by Beautiful.ai, which makes AI-powered presentation software, surveyed over 3,000 managers about AI tools in the workplace, how they’re being implemented, and what impact they believe these technologies will have.

The headline takeaway is that 41% of managers said they are hoping that they can replace employees with cheaper AI tools in 2024. This backs up previous reports that looked at potential jobs losses caused by generative AI, including one from September that predicted the technology would replace over 2 million US jobs by 2030. An earlier study claimed that generative AI could affect 300 million jobs globally.

Besides personal emails from Meta’s chief, the company is offering jobs to candidates without interviewing them, The Information has reported.

Research conducted by Brown University’s Carney Institute for Brain Science illustrates how parts of the brain need to work together to focus on important information while filtering out distractions.

Imagine a busy restaurant: dishes clattering, music playing, people talking loudly over one another. It’s a wonder that anyone in that kind of environment can focus enough to have a conversation. A new study by researchers at Brown University’s Carney Institute for Brain Science provides some of the most detailed insights yet into the brain mechanisms that help people pay attention amid such distraction, as well as what’s happening when they can’t focus.

In an earlier psychology study, the researchers established that people can separately control how much they focus (by enhancing relevant information) and how much they filter (by tuning out distractions). The team’s new research, published in Nature Human Behaviour, unveils the process by which the brain coordinates these two critical functions.

Lonely young adults are more prone to being disengaged from education or employment and perceive themselves as less employable, according to the study published in the journal Social Science and Medicine recently. As a consequence, such individuals tend to get positioned lower on the economic ladder compared to their less lonely counterparts.

Findings revealed that young adults who grappled with loneliness earlier in life encountered challenges in their young adulthood, irrespective of their current loneliness status. This underscores the long-term economic implications of loneliness and the potential economic benefits of addressing loneliness during early adolescence.