Skip to main content

Posts

The Effect of AI on the Labor Market

To gain something we need to give up on something else. This is the scenario in the job market at the moment with the emerging technology, especially Artificial Intelligence (AI). There are heated discussions about the extent of damages and benefits of AI for people and companies.  According to Goldman Sachs, an investment bank, it is estimated that 300 million jobs in various fields can be lost or see a decrease in demand in the United States and across European countries. The World Economics Forum reported in the Future of Jobs Report 2020 , it is estimated that in 2025 the labor market “across 16 industries and 26 economies” will be affected by AI. It is reported that 85 million jobs will be lost or influenced, while 97 million jobs will enter the market or will see an increase in demand. Most of the newly emerged and increased jobs are tech-related jobs, such as Data Analysts, AI and Machine Learning Specialists, Robotics Engineers, Software and Application developers, and many...
Read more
Recent posts

Best Sources to Find Economic Related Information

  We have nearly 200 countries on this planet, each with its own population, location, size, and economy. There are multiple sources that you can find online and get updates about the economy of the world. These are 5 most updated and authentic sources that provide you with the most up to date and authentic data regarding each country's economy.  Word Bank The World Bank was founded in 1944 and has 189 members (countries) at the moment. It is one of the largest international financial institutions in the world. It has partnerships with countries and provides funds and loans to the governments of countries in need to help them with economic development. The World Bank provided authentic and up to date information about the economic situation of nearly all countries too. You can find the link to its website here: https://www.worldbank.org/ext/en/home or search World Bank.  International Monetary Fund (IMF) The International Monetary Fund is an international organization wi...
Read more

Three Years

  It has been three years.  Three years of darkness for Afghan girls and women. Since August 2021 Afghan girls are prevented from attending higher education. Millions of girls are imprisoned in their houses. Dreams have turned into ashes and there is no hope. Education is one of the basic human rights, yet Afghan girls are denied this right for three years.  #letafghangirlslearn 
Read more

Miecheed

  Miecheed is a useful place where you can find educational information about education and tech related topics. You can access it through this link: www.miecheed.org Follow it on different social media platforms! 
Read more

What is Green Growth

  Green Growth is a fundamental shift in economic thinking. The purpose of this shift is to alienate and make economic development with environmental well-being. It refers to alternative methods of economic development that prioritize environmental sustainability. It emphasizes that economic growth should not happen at the cost of natural resources. A critical aspect of green growth is the development and adoption of sustainable technologies. These innovations minimize negative effects on the environment while promoting economic developments. Green growth also emphasizes investments in activities, infrastructure, and assets that lead to lower carbon emissions and pollution. It can help the environment and improve the economy by providing new opportunities and bringing new ideas to the industry. Green growth strategies protect biodiversity and ecosystem services.   Moreover, there are various global environmental risks that influence people and the economy around the world. P...
Read more

Five Most Recent Technologies That Have Significant Impacts on the World

  From thousands of years ago until now, we humans have always tried to develop and experiment with new things. In today’s world, improving technology is part of our lives, especially in the recent decades and a great example is the Internet. It had a global influence and opened a completely new world for us. The internet made new job opportunities and provided a great place for creativity. It also derived many new technologies such as social media. In this article, we are going to introduce five recent technologies that are having and going to have enormous impacts on us.  These five technologies are: Generative AI, Enhanced Solar Panels, CRISPR-based Treatment, Exascale Supercomputers, and AI-Powered Scientific Discovery.   1. Generative AI Generative AI includes models like ChatGPT and DALL-E, is revolutionizing various industries by it abilities such as creating text, images and videos from simple prompts. The concept of making AI is not new. It has been around for ...
Read more

Economic effects of Olympics on a country

  Photo taken by Anthony The Olympics have been around for thousands of years. It has a long history that goes back to 3,000 years ago. The modern Olympics are inspired by the ancient ones. In 1894, Baron Pierre de Coubertin founded the International Olympic Committee (IOC). The first modern Games were held in Athens in 1896. Since then, the Olympics have been expanding. Now, we have the Winter Olympics, Paralympic Games and Youth Olympic Games.  Every two years the countries willing to host the Olympics enter a competition and the country that suits the most is chosen by the IOC.  What are the economic effects of the Olympics on the host country? Hosting countries need to take preparation years before. They need to build and enhance their transportation systems, communication systems, buildings, houses and many more that all can result in many job opportunities for the locals. The Olympics also helps the host country’s economic growth through increasing tourism and event...
Read more

What is Cryptocurrency?

  Cryptocurrency is a virtual or digital currency. It does not exist in physical form. Cryptocurrency uses cryptography which makes it nearly impossible to double-spend or counterfeit. The first cryptocurrency, Bitcoin, was made by an anonymous computer programmer or a group of computer programmers in 2009. Before Bitcoin, there was another cryptographer named David Chaum who developed an early form of cryptographic electronic money called eCash in 1990 .  The key points to know about cryptocurrency is that they operate decentralized networks using blockchain technology. This technology allows them to be out of reach of agencies and governments. They are not directly controlled or monitored by governments, however some countries have specific guidelines and others are cautious about it.  Cryptocurrency uses blockchain technology which is a connected set of information blocks on an online ledger. Each block contains verified transactions which makes it difficult to forg...
Read more