Will robots take all our jobs?

Perhaps due to continued slow economic growth and rates of job creation in much of the world, articles such as Nouriel Roubini’s recent warning of robots replacing humans in many jobs have been cropping up. The gist of Roubini’s argument is that continued technological advances will render many current occupations obsolete without new ones arising to replace them. An ever-increasing number of permanently unemployed workers will result from this technology-induced dystopia. Count me among the sceptics on this. Since the Industrial Revolution began, the steady advance of technology has rendered once common occupations obsolete. For instance, the rise of England’s factories decimated employment in...

Perhaps due to continued slow economic growth and rates of job creation in much of the world, articles such as Nouriel Roubini’s recent warning of robots replacing humans in many jobs have been cropping up. The gist of Roubini’s argument is that continued technological advances will render many current occupations obsolete without new ones arising to replace them. An ever-increasing number of permanently unemployed workers will result from this technology-induced dystopia.

Count me among the sceptics on this.

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