{"id":2257,"date":"2020-09-24T16:48:36","date_gmt":"2020-09-24T11:48:36","guid":{"rendered":"https:\/\/www.hrdive.com\/news\/covid-19-is-accelerating-automation-especially-in-jobs-held-by-minority\/585754\/"},"modified":"2022-01-06T20:01:02","modified_gmt":"2022-01-06T14:31:02","slug":"covid-19-is-accelerating-automation-especially-in-jobs-held-by-minority-workers-philly-fed-says","status":"publish","type":"post","link":"https:\/\/www.postaresume.co.in\/blog\/hr-news-and-updates\/covid-19-is-accelerating-automation-especially-in-jobs-held-by-minority-workers-philly-fed-says","title":{"rendered":"COVID-19 is accelerating automation, especially in jobs held by &#8216;minority&#8217; workers, Philly Fed says"},"content":{"rendered":"<div><img decoding=\"async\" class=\"ff-og-image-inserted\" src=\"https:\/\/www.postaresume.co.in\/blog\/wp-content\/uploads\/2020\/09\/covid-19-is-accelerating-automation-especially-in-jobs-held-by-minority-workers-philly-fed-says.jpg\" \/><\/div>\n<ul>\n<li>COVID-19 has accelerated the adoption of automation in three primary ways, according to <a href=\"https:\/\/www.philadelphiafed.org\/-\/media\/community-development\/publications\/discussion-papers\/discussion-paper_automation.pdf\">a Sept. 14 <\/a>analysis from the Federal Reserve Bank of Philadelphia, with minority workers impacted particularly hard, &#8220;increasing the risk of permanent job loss for these workers who are already vulnerable in the job market.&#8221;<\/li>\n<li>The first driver of this &#8220;forced automation,&#8221;\u00a0according to the report, was the loss of &#8220;automatable&#8221;\u00a0jobs, many in the service sector which cannot be done remotely. Second, companies with increased demand had incentive to automate when faced with labor shortages and worker health concerns. And third, for companies that already made layoffs, it was easier to replace those workers with technology.<\/li>\n<li>By August, automatable jobs held by minority workers \u2014 defined by the report as &#8220;nonwhite&#8221;\u00a0\u2014 experienced 5.1 more job losses per 100 jobs than those held by non-Hispanic White workers, according to the analysis. Overall, 2.6 million pre-pandemic jobs &#8220;were exposed to an elevated risk of being permanently automated,&#8221;\u00a0the Philadelphia Fed said.<\/li>\n<\/ul>\n<p>[the_ad id=&#8221;1630&#8243;]<br \/>\nAutomation is a polarizing concept with respect to the future of work. For employers, AI and machine learning solutions offer an efficient answer to business needs, but one that can be expensive and is often not welcomed warmly by the rank and file. From the workers\u2019 point of view, it can bring fear of job loss and skills obsoletion.<br \/>\nMany also believe in a happy medium, where technology makes employees\u2019 lives easier and firms are more productive as a result, without having to eliminate jobs. A study from The Everest Group conducted before the pandemic concluded that employers could achieve significant ROI from automation expenditures and suggested that the idea that it reduces jobs is \u201chighly exaggerated.\u201d<br \/>\n[the_ad id=&#8221;1745&#8243;]<br \/>\nAdoption was already on the rise before the pandemic, but the conditions of the public health crisis have accelerated adoption, as this Fed study and others have concluded. Business leaders have adopted technology during the pandemic that they previously rejected or ignored, 58% of respondents in a recent Cisco survey indicated.<br \/>\nAdditionally, Gartner has predicted three-quarters of enterprises will \u201coperationalize\u201d AI by 2024.<br \/>\n[the_ad id=&#8221;1884&#8243;]<\/p>\n<hr \/>\n<p>[the_ad id=&#8221;1973&#8243;]<br \/>\n[the_ad id=&#8221;1902&#8243;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>COVID-19 has accelerated the adoption of automation in three primary ways, according to a Sept. 14 analysis from the Federal Reserve Bank of Philadelphia, with minority workers impacted particularly hard, &#8220;increasing the risk of permanent job loss for these workers who are&hellip;<span class=\"read-more\"><a href=\"https:\/\/www.postaresume.co.in\/blog\/hr-news-and-updates\/covid-19-is-accelerating-automation-especially-in-jobs-held-by-minority-workers-philly-fed-says\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":2258,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[990],"tags":[560,561,562,340,527,563,564,538,565,539,681,756,566,567,568,569,570,441,373,904,446,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,585,449,707,490,529,212,905,586,587,588,683,519,389,545,589,125,126,127,128,129,130,131,590,591,592,456,593,594,708,302,595,596,597,598,599,134,135,136,137,138,139,600,409,601,602,603,396,604,745,686,605,606,607,608,609,610,611,612,613,143,17,746,747,757,758,759,748,144,145,146,147,148,149,150,151,152,153],"class_list":["post-2257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hr-news-and-updates","tag-best-executive-search-firms-in-ahmedabad","tag-best-executive-search-firms-in-gujarat","tag-best-executive-search-firms-in-india","tag-best-hr-consultancy-in-ahmedabad","tag-best-job-consultancy-in-ahmedabad","tag-best-job-consultancy-in-gujarat","tag-best-job-consultancy-in-india","tag-best-job-sites","tag-best-job-sites-in-ahmedabad","tag-best-job-sites-in-india","tag-best-job-sites-in-india-for-experienced-candidates","tag-best-recruitment-consultancy-in-ahmedabad","tag-best-resume-writing-services-in-ahmedabad","tag-best-resume-writing-services-in-gujarat","tag-best-resume-writing-services-in-india","tag-career-counselling-in-ahmedabad","tag-career-counselling-in-gujarat","tag-engineering-job-consultancy-in-ahmedabad","tag-engineering-placement-consultants-in-ahmedabad","tag-executive-search-firms","tag-foreign-job-consultancy-in-ahmedabad","tag-get-settled-in-america","tag-get-settled-in-australia-get-visa-in-chile","tag-get-settled-in-canada","tag-get-settled-in-chile","tag-get-settled-in-new-zealand","tag-get-settled-in-north-america","tag-get-settled-in-south-america","tag-get-settled-in-urugua","tag-get-settled-in-usa-get-settled-in-us","tag-get-visa-in-america","tag-get-visa-in-australia","tag-get-visa-in-new-zealand","tag-get-visa-in-north-america-get-visa-in-canadan","tag-get-visa-in-south-america","tag-get-visa-in-uk-get-visa-in-england","tag-get-visa-in-uruguay","tag-get-visa-in-us","tag-get-visa-in-usa","tag-global-retained-executive-search-firm","tag-job-consultancy-in-ahmedabad-for-pharma","tag-job-placement-agency-in-ahmedabad","tag-job-placement-consultants-in-ahmedabad-list","tag-job-placement-in-ahmedabad","tag-jobs-in-ahmedabad","tag-list-of-executive-search-firms","tag-list-of-job-consultancy-in-gujarat","tag-list-of-job-consultancy-in-india","tag-national-executive-recruiting-firms","tag-overseas-job-consultants-for-civil-engineers-africa-jobs-consultants-in-india","tag-overseas-job-consultants-for-mechanical-engineers","tag-overseas-job-consultants-in-ahmedabad","tag-overseas-job-consultants-in-gujarat","tag-overseas-job-consultants-in-india","tag-overseas-opportunity-in-australia","tag-overseas-opportunity-in-canada","tag-overseas-opportunity-in-chile","tag-overseas-opportunity-in-new-zealand","tag-overseas-opportunity-in-north-america-overseas-opportunity-in-chile-overseas-opportunity-in-usa-post-a-resume","tag-overseas-opportunity-in-south-america","tag-overseas-opportunity-in-uruguay","tag-placement-agency-in-ahmedabad","tag-placement-agency-in-gujarat","tag-placement-agency-in-india","tag-placement-consultancy-in-ahmedabad","tag-placement-consultancy-in-gujarat","tag-placement-consultancy-in-india","tag-placement-consultant-in-ahmedabad","tag-placement-consultants-in-ahmedabad","tag-placement-consultants-in-gujarat","tag-placement-consultants-in-india","tag-placement-firm-in-ahmedabad","tag-placement-firm-in-gujarat","tag-placement-firm-in-india-list-of-job-consultancy-in-ahmedabad","tag-pr-opportunity-in-america","tag-pr-opportunity-in-chile","tag-pr-opportunity-in-south-america","tag-pr-opportunity-in-uruguay","tag-pr-opportunity-in-us-pr-opportunity-in-north-america","tag-pr-opportunity-in-usa-pr-opportunity-in-uk","tag-recruitment-consultants-in-africa","tag-recruitment-consultants-in-ahmedabad","tag-recruitment-consultants-in-gujarat","tag-recruitment-consultants-in-india","tag-recruitment-consultants-in-tanzania","tag-resume-writing-services-in-ahmedabad","tag-resume-writing-services-in-gujarat","tag-settle-in-south-america","tag-top-10-job-sites-in-india-for-experienced-job-seekers","tag-top-100-executive-search-firms","tag-top-5-executive-search-firms","tag-top-national-executive-search-firms","tag-top-rated-resume-writing-services-in-ahmedabad","tag-top-rated-resume-writing-services-in-gujarat","tag-top-rated-resume-writing-services-in-india","tag-vacancy-search-in-ahmedabad","tag-vacancy-search-in-gujarat","tag-vacancy-search-in-india","tag-vipul-m-mali","tag-vipul-mali","tag-visa-service-for-america","tag-visa-services-for-chile","tag-why-recruitment-consultancy","tag-why-recruitment-consultancy-needed","tag-why-to-hire-recruitment-consulant","t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