Be honest, have you played for more than five hours at a time?
Women workers to be hurt more than men by AI wave, McKinsey says
27.07.2023 - 02:25 / tech.hindustantimes.com / Ai
Women have more to worry about than men from a coming wave of automation and artificial intelligence that could replace almost a third of hours worked across the US economy.
That's one of the takeaways from a new report by the research arm of consultants McKinsey & Co. that examines US labor-market trends through the end of 2030.
It calculated that women are 1.5 times more likely to need to move into a new occupation than men during that period. The reason: They're over-represented in the industries with lower-wage jobs the report reckons will be most impacted by automation, including office support and customer service. Blacks and Hispanics will also be adversely affected as demand for food and production workers shrinks.
In all, the McKinsey Global Institute said that at least 12 million workers in the US will need to change occupations by the end of 2030. Some of that turnover will stem from the drive for net-zero emissions, which will disrupt millions of jobs.
What's concerning, said Institute director Kweilin Ellingrud, is that the churn will be concentrated among low-wage workers. They're up to 14 times more likely to need to change occupations than those in the highest-wage positions, and most will need additional skills to do so successfully.
White-collar workers – everything from lawyers and teachers to financial advisers and architects — will be among those most affected by the spread of generative artificial intelligence such as OpenAI's ChatGPT, according to the report. But McKinsey argued that will largely result in changes in how those jobs are carried out, rather than in the destruction of huge swathes of positions.
It “probably won't be that kind of catastrophic thing,” institute partner Michael Chui said. But “it is going to change almost every job.”
Some 3.5 million positions could be wiped out as the US seeks to end emissions of greenhouse gases, with workers in oil and gas production and automotive manufacturing taking the hit, according to the report.
But McKinsey argued that will be more than offset – to the tune of about 700,000 jobs — by gains stemming from the build-up of renewable energy, primarily though capital investments in new plants, charging stations and the like.
The energy transition, coupled with stepped-up government spending on infrastructure, will increase demand for construction workers who are already in short supply. McKinsey sees construction employment growing 12% from 2022 through 2030.
If the reshuffling of jobs in coming years is handled correctly, it could result in a huge increase in US productivity and prosperity, according to the institute. In what Ellingrud admitted was a “pretty optimistic” scenario, the report posits an eventual rise in annual productivity
The website gametalkz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Authors
Popular Topics
tech.hindustantimes.com
15.08.2023 / 17:27
5 things about AI you may have missed today: Google Photos’ AI-powered Memories, AI regulation in China and more
Today was an important day in the field of artificial intelligence (AI). As per leaks, WhatsApp is testing a new feature that will give users the ability to generate AI-powered stickers from simple text prompts. In other news, Google Photos is introducing a new Memories view feature that will allow users to add or remove photos to their memories. The feature will also get the aid of AI in different ways to make the Memories view something different and relatable. If you missed these or other similar AI-related news today, then here is a quick refresher. Let us take a look at today's AI roundup.
techcrunch.com
14.08.2023 / 20:59
A merger that’s good for workers and consumers
After an exhaustive review by regulators in the United States and across the globe, Microsoft’s proposed acquisition of Activision Blizzard is on track to close later this year. The European Commission approved the transaction in May, the Federal Trade Commission has suspended its administrative challenge, and negotiations are underway with the United Kingdom’s Competition and Markets Authority.
tech.hindustantimes.com
13.08.2023 / 15:55
5 things about AI you may have missed today: AI-driven misinformation, AI gives wildlife a boost and much more
Today's Artificial intelligence roundup indicates that AI can prove to be a boon, but it is also open to abuse and, interestingly, it can be fooled too! RBI has picked McKinsey and Accenture for enhanced AI regulatory supervision; Scientists have applauded AI breakthrough in tracking UK wildlife- this and more in our daily roundup. Let us take a look.
tech.hindustantimes.com
13.08.2023 / 11:39
MrBeast, the YouTuber who bit more burger than he could chew
It's September 4, 2022, and around 10,000 people are shouting "Beast, Beast, Beast" in a shopping mall in New Jersey: YouTuber MrBeast is on his way to launch his first burger restaurant, and the crowd is hysterical.
pcmag.com
11.08.2023 / 10:11
Game Changers: Inside The Epic Quest to Make Gaming More Accessible
Like many young men, Jean Molla plays a wide range of video games. He enjoys popular shooters like Fortnite, he’s an avid Minecraft player, and he’s especially excited about Diablo IV—mostly because it can be played with one hand. You see, Jean has Duchenne Muscular Dystrophy, a genetic disorder characterized by progressive muscle degeneration and weakness. Because of this, he can’t play games with a typical controller. But with the help of voice commands and software, Jean can play games he never even thought he could before.
pcmag.com
10.08.2023 / 16:31
Game Changers: Inside The Epic Quest to Make Gaming More Accessible
Like many young men, Jean Molla plays a wide range of video games. He enjoys popular shooters like Fortnite, he’s an avid Minecraft player, and he’s especially excited about Diablo IV—mostly because it can be played with one hand. You see, Jean has Duchenne Muscular Dystrophy, a genetic disorder characterized by progressive muscle degeneration and weakness. Because of this, he can’t play games with a typical controller. But with the help of voice commands and software, Jean can play games he never even thought he could before.
tech.hindustantimes.com
10.08.2023 / 15:09
5 things about AI you may have missed today: UPI payments through AI, UK hires expert for AI summit and more
As countries establish regulations around the use of artificial intelligence (AI), developments in the field continue at a rapid pace. RBI on Thursday proposed a new way of carrying out UPI transactions - through conversations with AI. On the other hand, the UK hired a tech expert for the summit on generative AI.
gamesradar.com
09.08.2023 / 21:59
Less than 12 months after the last Disney Plus price hike, subscriptions are getting more expensive again
Ad-free Disney Plus viewing options are getting more expensive alongside a password sharing crackdown and price hikes for Hulu and ESPN Plus.
tech.hindustantimes.com
08.08.2023 / 14:15
5 things about AI you may have missed today: Disney’s AI task force, Spotify’s AI DJ, more
Today was a big day for businesses that are either working heavily with artificial intelligence or are looking to get into this space. Walt Disney has created a new task force that will study AI and find out all the different ways it can be used in its businesses in the entertainment industry. In other news. Spotify is finally expanding its experimental feature of an AI DJ to 50 different countries, after keeping it in limited access for almost three months. This and more in today's AI roundup. Let us take a closer look.
polygon.com
07.08.2023 / 22:03
Marvel VFX workers want to unionize
More than 50 visual effect workers at Marvel Studios are looking to unionize. The group filed its desire on Monday, asking the National Labor Relations Board to schedule a formal election for as early as Aug. 21, according to Vulture.
tech.hindustantimes.com
07.08.2023 / 15:23
5 things about AI you may have missed today: IT giants take to AI skilling, racial bias in AI tool and more
Indian IT giants are investing heavily in AI skilling prominent projects come their way; AI technology amazes, but also raises ethical concerns; Huawei revives smartphone business with AI-Powered OS amid Ongoing US sanctions- this and more in our daily AI roundup. Let us take a look.