In the next decade 1/3 of jobs will be lost to automation


The Wall Street Journal is reporting that experts are beginning to wonder if automation technology is nearing a tipping point, when machines finally master traits that have kept human workers irreplaceable.

Computers do legal research, write stock reports and news stories, as well as translate conversations; at car dealers, they generate online advertising; and, at banks, they churn out government-required documents to flag potential money laundering—all jobs done by human workers a short time ago.

Microsoft co-founder Bill Gates , speaking in Washington last year, said automation threatens all manner of workers, from drivers to waiters to nurses. “I don’t think people have that in their mental model,” he said.

Gartner Inc., the technology research firm, has predicted a third of all jobs will be lost to automation within a decade. And within two decades, economists at Oxford University forecast nearly half of the current jobs will be performed with machine technology.
http://www.wsj.com/articles/what-clever-robots-mean-for-jobs-1424835002?mod=WSJ_hp_RightTopStories

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