{"id":213877,"date":"2017-03-07T06:23:10","date_gmt":"2017-03-07T11:23:10","guid":{"rendered":"http:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/uncategorized\/the-robots-are-coming-how-will-automation-affect-londons-economy-citymetric.php"},"modified":"2017-03-07T06:23:10","modified_gmt":"2017-03-07T11:23:10","slug":"the-robots-are-coming-how-will-automation-affect-londons-economy-citymetric","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/automation\/the-robots-are-coming-how-will-automation-affect-londons-economy-citymetric.php","title":{"rendered":"The robots are coming: How will automation affect London&#8217;s economy? &#8211; CityMetric"},"content":{"rendered":"<p><p>    Labour assembly member Fiona Twycross on the rise of the    robots.  <\/p>\n<p>    The vision of the world of work being run by robots and    machines is familiar from futuristic sci-fi films, but advances    in technology could mean that a new post-industrial revolution    is closer than we think.  <\/p>\n<p>    Automation  the application of new technology to produce and    deliver products and services  is not a new phenomenon: in    London, for example, the tube and DLR already have driverless    technology. However, the pace at which further automation is    expected could result in a significant change to the labour    market.  <\/p>\n<p>    Humans have, throughout time, had a fascination with using    machinery to increase productivity and create artificial    intelligence. From the actual invention of the wheel and the    imagination that produced Mary Shelleys Frankensteins    monster, to self-checkouts, we have progressed to the point    where MEPs have called for rules on how humans will interact    with artificial intelligence and robots. The report from the    Committee of Legal Affairs at the EU highlighted that robots    will \"unleash a new industrial revolution, which is likely to    leave no stratum of society untouched\".  <\/p>\n<p>    Before we start imagining robots taking over all aspects of    society, though, lets look at the automation already in place.    We now have driverless trains, and generally aeroplanes only    really need a pilot to take off and land; at present, though,    the idea of driverless cars becoming a widespread phenomenon    seems much more futuristic.  <\/p>\n<p>    But is it? A report by IPPR has indicated driverless cars will    become the norm by the mid-2030s. We have recently seen a move    from cashiers, to self-checkouts. Amazon has gone one step    further and even designed a shop that does not need any    interaction with a human being or require self-checkout:    instead technology monitors what you have taken from the shop    and charges you through your Amazon account.  <\/p>\n<p>    Technological change will displace some forms of work in one    way or another. Estimates suggest that 15m jobs could be at    risk with automation, and those jobs paying less than    30,000 a year are nearly eight times more likely to be    replaced by automation than those paying more than 100,000 in    London (compared to five times across the UK). This could have    a real impact on low and middle income earners.  <\/p>\n<p>    If we take a look at retail, a relatively low-pay industry,    almost two-thirds of jobs are forecast to go by 2030. The move    towards automated vehicles on the road will impact on transport    services, deliveries and couriers and infrastructure.  <\/p>\n<p>    Despite this, the labour market projections by GLA Economics    last year estimate that the number of jobs in London is    projected to increase by 1.2m by 2041.  <\/p>\n<p>    In response to my question at Mayors Question Time last    January, mayor Londons mayor Sadiq Khan said, rightly, that as    much as we can predict and make projections, nobody is    completely sure how automation is going to impact on our    day-to-day lives. What we do know is what we want society to    look like in the future  and we can therefore use automation    as an opportunity to achieve this.  <\/p>\n<p>    A changing economy is not new to us. Even without automation,    we have Brexit and changing businesses models such as the    developing gig-economy. Whether we think we should resist the    change or are excited by the possibilities, we need to be fully    prepared to get the best conditions for workers and businesses.  <\/p>\n<p>    In January, the Prime Minster released a green paper on her    ten-point plan Industrial Strategy, which noted that Britain    has been slow in its uptake of robotics and automation. This    week, the government has published a Digital Strategy which    includes an announcement for research funding of 17.3m to    British universities to conduct research on artificial    intelligence and robotics.  <\/p>\n<p>    Despite the intentions in both strategies to focus on lifelong    learning, there is a lack of detail over the government plans    to achieve this. The reckless decisions in relation to our    economy and the cuts which education is facing that her    government has overseen, begs the question as to how skills    will be provided that ensure a potential displaced workforce    have access to the opportunities they need.  <\/p>\n<p>    The future is in skilled work, and education reduces    inequality. Yet on the job training has halved in the past two    decades. In London, the Mayors Skills for Londoners Taskforce    will be well placed to anticipate changes and identify ways to    upskill Londons existing workers as technology advances. All    the while we must ensure that workers rights are protected and    all Londoners have access to skilled employment and a London    Living Wage.  <\/p>\n<p>    The impact of automation on the labour market will be a    challenge  but this is our opportunity to ensure the economy    works for everyone. We cannot afford to fall behind in the new    technological revolution; we must embrace technology to create    a thriving economy but we need to make sure this does not leave    those displaced by technology without the skills and    opportunities they need.  <\/p>\n<p>    The future is in high skilled and well paid jobs. The reality    is, the robots are coming and we must prepare now.  <\/p>\n<p>    Dr Fiona Twycross is a London-wide member of the London    Assembly.  <\/p>\n<p>    Want more of this stuff? Follow CityMetric    onTwitterorFacebook.  <\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Read the original:<\/p>\n<p><a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.citymetric.com\/business\/robots-are-coming-how-will-automation-affect-london-s-economy-2855\" title=\"The robots are coming: How will automation affect London's economy? - CityMetric\">The robots are coming: How will automation affect London's economy? - CityMetric<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Labour assembly member Fiona Twycross on the rise of the robots. The vision of the world of work being run by robots and machines is familiar from futuristic sci-fi films, but advances in technology could mean that a new post-industrial revolution is closer than we think <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/automation\/the-robots-are-coming-how-will-automation-affect-londons-economy-citymetric.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[431581],"tags":[],"class_list":["post-213877","post","type-post","status-publish","format-standard","hentry","category-automation"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/213877"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=213877"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/213877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=213877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=213877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=213877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}