Literally the smartest people in the world think an unprecedented wave of job destruction is coming with the development of artificial intelligence, robotics, software and automation. My friends in Silicon Valley have read the Second Machine Age and Rise of the Robots and they see a wave coming.
The White House published a report last month that reinforced this view. Some of the headline stats:
- 83% of the jobs where people make less than $20 per hour will be subject to automation or replacement.
- Between 9% and 47% of jobs are in danger of being made irrelevant due to technological change, with the worst threats falling among the less educated.
- Between 2.2 and 3.1 million car, bus and truck driving jobs in the U.S. will be eliminated by the advent of self-driving vehicles.
Source: Executive Office of the President of the United States; Artificial Intelligence, Automation, and the Economy; December 2016