Igor Delovski Board

[Ike]

wtfrly.com - The Robots Are Coming, And They Are Replacing Warehouse Workers And Fast Food Employees

"But we could potentially have major problems in our society as jobs at
the low end of the wage scale quickly disappear.

According to CNN, restaurants all over the nation are going to automated
service, and a recent University of Oxford study concluded that there is a
92 percent chance that most fast food jobs will be automated in the coming
years…"

[Ike]

Why You Hate Work

http://www.nytimes.com/2014/06/01/opinion/sunday/why-you-hate-work.html?_r=0

[delovski]

bloomberg - The Robot Rampage

"It took 50 years for the world to install the first million industrial robots.
The next million will take only eight, according to Macquarie. Importantly,
much of the recent growth happened outside the U.S., in particular in
China, which has an aging population and where wages have risen."

[Ike]

What I think other explanations are neglecting to mention is the change in machine learning. Automation has been a thing for a very long time, but computers have not been powerful enough, and we haven't yet had the methods to teach computers to do tasks. That is what is so different about automation today.

https://np.reddit.com/r/explainlikeimfive/comments/5s5gfd/eli5_why_is_automaton_suddenly_a_big_deal_hasnt/ddcnedg/

[Ike]

http://nypost.com/2017/02/05/are-robots-coming-to-take-investor-jobs-on-wall-street/

Are robots coming to take investor jobs on Wall Street?

Robo-advisory, less than a decade old, may expand much faster than experts originally forecast. Consultancy A.T. Kearney earlier estimated that by 2020, robo-advisers will manage $2 trillion in the US, or roughly 5.6 percent of the country's investment assets, up from 0.5 percent about 12 months ago.

The trend has sent the traditional wirehouses and brokers scrambling.

[Ike]

https://medium.com/on-coding/automations-impact-on-jobs-what-s-happened-in-just-6-weeks-f74768ca2d46#.p5guqx7v3

Automation's impact on jobs: what's happened in just 6 weeks.

[delovski]

JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours

"The program, called COIN, for Contract Intelligence, does the mind-numbing
job of interpreting commercial-loan agreements that, until the project went
online in June, consumed 360,000 hours of work each year by lawyers and
loan officers. The software reviews documents in seconds, is less error-prone
and never asks for vacation."

[Ike]

https://futurism.com/un-report-robots-will-replace-two-thirds-of-all-workers-in-the-developing-world/

Not only will 75% of jobs go to automation, the developing world may also see swaths of companies leaving their shores and returning to developed nations, as labor will be less of a factor for industry.
Plans, such as a universal basic income, need to be initiated before this process proliferates and these regions are plunged into even more dire circumstances.

[Ike]

r - This company replaced 90% of its workforce with machines

"Only 60 people are still employed by the company - three are assigned
to check and monitor the production line, and the others are tasked with
monitoring computer control systems. Any remaining work not handled by
humans is left in the capable hands of machines."

[delovski]

quartz - A new t-shirt sewing robot can make as many shirts per hour as 17 factory workers

"Sewing simple items of clothing is one of those repetitive, labor-intensive
tasks that seems like it would have been automated ages ago. But getting
a robot to do it right is tricky. Fabric stretches, especially the comfy, flexible
knits used for t-shirts. A human can easily adjust on the spot, guiding the
fabric as it moves around to make sure seams stay straight, but robots
aren't always great at that sort of improvisation."

[delovski]

iai.tv - What Machines Can't Do - Will computers ever match human intelligence?

"Turing has been joined by Hawking and others claiming computers could
overtake humanity. Yet no computer is yet able to even identify as simple an
object as a banana. Will machines soon match their makers? Or is it hype and
real AI remains elusive because we have misunderstood the nature of both
thought and machines?

Philosophers David Chalmers and Kate Devlin join Closure theorist Hilary
Lawson to consider the threat of intelligent machines."

[Ike]

https://www.cnbc.com/2018/09/04/jpmorgan-says-next-crisis-will-feature-flash-crashes-and-social-unrest.html