Lifeboat Foundation

The full impact of self-driving cars on society is several decades away — but when it hits, the job losses will be substantial for American truck drivers, according to a new report from Goldman Sachs.

When autonomous vehicle saturation peaks, U.S. drivers could see job losses at a rate of 25,000 a month, or 300,000 a year, according to a report from Goldman Sachs Economics Research.

Truck drivers, more so than bus or taxi drivers, will see the bulk of that job loss, according to the report. That makes sense, given today’s employment: In 2014, there were 4 million driver jobs in the U.S., 3.1 million of which were truck drivers, Goldman said. That represents 2 percent of total employment.

Continue reading “Self-driving cars could cost America’s professional drivers up to 25,000 jobs a month, Goldman Sachs says” »

Uber launched a new app on Thursday called Uber Freight, which matches trucking companies with loads to haul.

The formal launch of the app marks Uber’s long-anticipated move into the trucking industry — potentially disrupting one of the most popular professions in the U.S.

Continue reading “Uber’s new app for truckers could disrupt one of America’s core industries” »

Your art degree may be more valuable than you thought. Experts claim that arts jobs are unlikely to be eliminated amid workforce automation.

More migration to megacities is expected in the next few decades, because they have more jobs that are resilient to automation than smaller urban areas.

Staff members who die will be put in cold storage until medical science can revive them.

Since congressional Republicans voted in a bill containing the Trump administration’s roll back of the Affordable Care Act, healthcare is once again a topic on everyone’s lips. In the absence of any universal healthcare scheme, employer-provided medical coverage is a crucial benefit for employees, tempting people to stay at jobs they might otherwise have left, or apply for positions they wouldn’t otherwise consider.

In the contest to attract new hires, tech companies often supplement already generous salaries with comprehensive benefit packages, and in this vein one company has hit on a novel idea: A health plan that covers its employees beyond death and into the realms of a speculative future rebirth.

Continue reading “This AI Company Offers Cryogenic Freezing With Its Health Plan” »

A work crew for the Pittsburgh company Energy Independent Solutions installs solar panels at a community building in Millvale, Pa.

Craig Williams is still mining coal despite tough times for the business. “We’re one of the last industries around and hope to keep it that way,” he says in a breakroom at Consol Energy’s Harvey mine, south of Pittsburgh.

The father of two — speaking in his dusty work jacket and a hard hat with headlamp — says coal is the best way he’s able to support his family. He declines to give his salary, but nationally, coal miners average about $80,000 a year.

Continue reading “As Coal Jobs Decline, Solar Sector Shines” »

2017 begins on Monday in Vancouver, Canada, and will explore the theme “The Future You.” If the future you is anything like the future us, you are likely curled up in a big cushy chair right now, devouring the contents of a book that flips your thinking. Below, some reading suggestions from the speaker program. Read, enjoy and stay tuned to the TED Blog for beat-by-beat coverage of the conference.

TED2017 begins on Monday in Vancouver, Canada, and will explore the theme “The Future You.” If the future you is anything like the future us, you are likely curled up in a big cushy chair right now, devouring the contents of a book that flips your thinking. Below, some reading suggestions from the speaker program. Read, enjoy and stay tuned to the TED Blog for beat-by-beat coverage of the conference.

Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy by Cathy O’Neil. The decisions that affect our lives are no longer made by humans — they’re made by algorithms. This might sound like a great way around bias and discrimination, but these things are often built right into our mathematical models. When it comes to college admissions, decisions on parole, applications to jobs and the affects of a bad credit score, O’Neil explores the unintended consequences of algorithms. (Read an excerpt.)

Continue reading “15 books to browse ahead of TED2017” »

Alibaba Chairman Jack Ma warned on Monday that society could see decades of pain thanks to disruption caused by the internet and new technologies to different areas of the economy.

In a speech at a China Entrepreneur Club event, the billionaire urged governments to bring in education reform and outlined how humans need to work with machines.

“In the coming 30 years, the world’s pain will be much more than happiness, because there are many more problems that we have come across,” Ma said in Chinese, speaking about potential job disruptions caused by technology.

Continue reading “Billionaire Jack Ma says CEOs could be robots in 30 years, warns of decades of ‘pain’ from A.I., internet impact” »

China’s minimum living standard guarantee, named dibao, is receiving fresh interest in the region as countries from Korea to India turn to universal basic income (UBI) to boost their economies and combat the coming automation-induced job crisis.

Asia-Pacific countries are beginning to consider their own form of universal basic income in the face of an automation-induced jobs crisis.

By David Green

Continue reading “Getting paid to do nothing: why the idea of China’s dibao is catching on” »