Len Shackleton writes for City AM
There seems to be little evidence that job displacement is moving faster than the economy’s ability to develop new types of employment.
The claims being made of massive job loss – 47 per cent of all current US jobs are likely to go in the near future, according to Carl Frey and Michael Osborne’s influential study – are based on highly contentious technological assumptions. They are contested by economists who point to flaws in the methodology and the interpretation of data.
Read the full article here.
Further IEA Reading: Robocalypse Now? – Why we shouldn’t panic about automation, algorithms and artificial intelligence