Monday, March 27, 2017

Further Loss of Jobs from Automation Coming -- But Increases in Productivity and Wealth, Too

Nearly 40 percent of jobs in the U.S. may be vulnerable to replacement by robots in the next fifteen years, according to a new study by the research firm PwC. Other major advanced economies have fewer jobs at risk. The study estimates that 30 percent of jobs in the United Kingdom could be threatened by technical advancements in automation from AI and robotics, compared to 35 percent in Germany and 21 percent in Japan.

Less educated workers face the highest risks of automation. But these new technologies will also boost productivity, wealth, and spending. This should generate jobs in service sectors that are less easy to automate, but could also increase income inequality.

Read more at their site...

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