Monday, May 27th, 2019

The Age Of Machines And Unemployment: “Robots Could Steal 80 Million US Jobs”

Published on November 17, 2015 by   ·   No Comments

robots jobs

Mac Slavo

A vast joblessness is coming. Perhaps the system will develop some gentle pretext to keep everyone occupied with busy work to cope with the problem. But the simple fact is that the future doesn’t need us.

And central banks are officially gearing up for that impending reality.

via CNBC:

80 million jobs in the United States are at risk of being taken over by robots in the next few decades, a Bank of England (BoE) official warned on Thursday.

With U.S. data showing that total nonfarm employment hit 142.6 million in October, that’s roughly over half of the total jobs at risk.

[…] The bank’s chief economist, Andy Haldane, said that up to 15 million jobs in the U.K. were at risk of being lost to an age of machines, which is almost half of the employed population currently.[…]

Jobs with the highest level of being taken over by a machine in the U.K. included administrative, production, and clerical tasks.

Historically, human workers have learned new skills to stay relevant and do needed work, as machine increasingly fueled economic development during the industrial revolution.

The question, now, however, is whether artificial intelligence is advancing faster than human innovators can keep pace with. The answer, disturbingly, seems to be yes.

Read More HERE

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