Automation: Taking or Changing Jobs?

From the American Institute for Economic Research:

In March 2017, Treasury Secretary Steven Mnuchin made headlines by saying that the displacement of jobs by artificial intelligence was “not even on our radar screen … 50-100 more years” away.

This drew a host of shocked responses from those who point out that AI and automation have already eliminated millions of American jobs and may replace many more in the next 5 or 10 years, let alone 50–100. In fairness to the secretary, his comment responded directly to a question about artificial intelligence. In the broader discussion, he spoke about low-paying jobs being replaced by automation, which many of the critiques consider together with artificial intelligence.

The impact of automation is of unquestionable importance: One report released on the same day as Secretary Mnuchin’s comments suggested that 38 percent of U.S. jobs are at “high risk” of automation in the next 20 years.

Comments

Popular posts from this blog

New York State County ZIP Codes

Starting a Mobile Food Concession Business? Be Sure to Follow the Rules of the Road

Beware credit counseling services like Clear Your Debt LLC