by Dave Gershgorn, Quartz
Like everyone else, the White House isn’t entirely sure how automation driven by advancements in artificial intelligence will affect the US economy. But the president’s office does feel confident about one thing: the outlook isn’t good for people who make their living as drivers. Continue reading The White House predicts nearly all truck, taxi, and delivery driver jobs will be automated
by James Manyika, Michael Chui, Mehdi Miremadi, Jacques Bughin, Katy George, Paul Willmott, and Martin Dewhurst, McKinsey & Company
Automation is happening, and it will bring substantial benefits to businesses and economies worldwide, but it won’t arrive overnight. A new McKinsey Global Institute report finds realizing automation’s full potential requires people and technology to work hand in hand. Continue reading Harnessing automation for a future that works
by Erik Sherman, Forbes
“Increased productivity leads to more wealth, cheaper goods, greater spending power and ultimately, more jobs,” said the Wall Street Journal in the latest entry in the counterpoint to articles declaring the end of work.
People should trust things will work out and know the weight of historic experience is on their side, although no one really explains how. Financial services companies are required to note that previous performance is no promise of future gains. Perhaps we need the same when it comes to questions of our investments in industry, technology, jobs, and people. The world faces capabilities and a direction of activity different from anything previously achieved. Dependence on broad precedent without an examination of critical differences can be reckless. Continue reading Automation Won’t Create New Jobs Like Technology Did In The Past
by Rob Price, World Economic Forum
Artificial intelligence and increasing automation is going to decimate middle class jobs, worsening inequality and risking significant political upheaval, Stephen Hawking has warned.
In a column in The Guardian, the world-famous physicist wrote that“the automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes, with only the most caring, creative or supervisory roles remaining.”
He adds his voice to a growing chorus of experts concerned about the effects that technology will have on workforce in the coming years and decades. The fear is that while artificial intelligence will bring radical increases in efficiency in industry, for ordinary people this will translate into unemployment and uncertainty, as their human jobs are replaced by machines.
Technology has already gutted many traditional manufacturing and working class jobs — but now it may be poised to wreak similar havoc with the middle classes.
Read the full article here…