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Automation in sentence

460 examples of Automation in a sentence

Even though new occupations will likely replace those lost to automation, wages may take time to catch up to the reality of higher labor productivity.
The first is to embrace AI and automation without hesitation.
Nevertheless, to ensure that its benefits outweigh its potential disruptions, private- and public-sector actors must exercise strong joint leadership – and keep the five imperatives for the new age of automation at the top of the agenda.
And yet, even as trade relations become increasingly politicized, our leaders continue to urge us to gear up to meet the “challenges of globalization,” and few question the benefits of cost-cutting through automation.
While automation may protect China from severe labor shortages, population aging will increase the economic burden of social security.
A 2013 University of Oxford study estimates that close to half of all jobs in the United States could be lost to automation over the next two decades.
On the other hand, economists such as Boston University’s James Bessen argue that automation often goes hand in hand with the creation of new jobs.
A UBI that grows in line with capital productivity would ensure that the benefits of automation go to the many, not just to the few.
Against a background of automation and labor casualization, these firms’ monopoly profits boost inequality, fuel discontent, undermine aggregate demand for goods and services, and further destabilize capitalism.
Suddenly, every child has a trust fund, with the accumulating dividends providing a universal basic income (UBI) that grows in proportion to automation and in a manner that limits inequality and stabilizes the macro-economy.
While globalization is an important factor in the hollowing out of the middle class, so, too, is automation.
Instead, the US needs to restore its social contract so that its workers have a fair shot at sharing in the gains generated by global openness and automation.
This observation hints at the potentially destructive effect that automation, combined with artificial intelligence, will have on labor.
Finally, the region must coordinate on strategies to address the changes that automation and artificial intelligence will bring to the labor market.
Yet, as Daron Acemoglu and Pascual Restrepo show, the impact of such technologies – in particular, automation and AI – is more nuanced than that.
By contrast, productivity growth, the deepening of automation, or the creation of entirely new tasks would increase labor demand and push up wages.
Thus, complete automation can lead to a greater share of an economic activity being located in a developing country.
And the automation that made Internet platforms so profitable left them vulnerable to manipulation by malign actors everywhere – and not just authoritarian governments hostile to democracy.
After all, automation enables companies to spend less on wages, thereby boosting shareholders’ returns.
On the technology side, labor-saving innovations in network-based information processing and transactions automation have helped to drive a wedge between growth and employment generation in both the tradable and non-tradable sectors.
In the tradable part of advanced economies, manufacturing automation – including expanding robotic capabilities and, prospectively, 3D printing – has combined with the integration of millions of new entrants into rapidly evolving global supply chains to limit employment growth.
Indeed, in a future of rapid technological change and widespread automation, the determining factor – or crippling limit – to innovation, competiveness, and growth is less likely to be the availability of capital than the existence of a skilled workforce.
In a world of radical automation possibilities, high and rising life expectancy and a declining population are better problems to face than the rapid population growth that threatens to overwhelm job creation in some emerging-market economies.
Trade protectionism won’t help, because trade is not a zero-sum game, and most US manufacturing jobs have been lost to automation, not trade.
Haven’t I heard of the “rise of the robots” and the growing power of automation, more generally, to destroy jobs?
Inequality remains the scourge of our era, with the bargaining power of the lowest-skilled workers severely undermined by automation and developing-country competition.
The problem is that it is primarily automation, not offshoring or immigration, that is displacing traditional manufacturing workers in the US.
Job-Saving TechnologiesSAN FRANCISCO – This is an age of anxiety about the job-killing effects of automation, with dire headlines warning that the rise of robots will render entire occupational categories obsolete.
For example, automation will continue to make manufacturing more efficient and less costly, but it will also ensure that economic growth generates fewer jobs than in the past.
The MIT economists Andrew McAfee and Erik Brynjolfsson, among others, identify the Second Machine Age with the rise of new automation technologies and artificial intelligence.
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