Concerns over mass unemployment are unfounded
Save time by listening to our audio articles as you multitaskThings are starting to change, however. Robots have benefited from rapid innovations in smartphones, which brought cheap cameras and sensors, fast wireless communications and powerful, smaller computer chips. More recent advances in machine learning have added software to make robots better informed about their surroundings and equipped them to make wiser decisions.
And yet many people fear that robots will destroy jobs. A paper in 2013 by economists at Oxford University was widely misinterpreted as meaning that 47% of American jobs were at risk of being automated. For all that, the march of the robots will bring big changes to workplaces. The skills and firms that are rewarded will shift, too. But that need not be the disaster many fear. One supposed example of “bad automation” is self-service checkouts in supermarkets, because they displace human workers.—robots could perform work, such as butchering, that is unpleasant or stigmatised.
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