Robot guy

Rise of the Robots

Jan. 18, 2016 – The Fourth Industrial Revolution — which includes developments in artificial intelligence (AI), machine-learning, robotics, nanotechnology, 3D printing, genetics and biotechnology — will result in a net loss of 5 million jobs and cause widespread disruption to business models over the next five years, according to a report published today by the World Economic Forum (WEF).

In terms of overall impact, the Future of Jobs report indicates that as many as 7.1 million jobs could be lost through automation, redundancy or disintermediation, with the greatest losses in white-collar office and administrative roles. This loss is predicted to be partially offset by the creation of 2.1 million new jobs, mainly in more specialized “job families,” such as computer, mathematical, architecture and engineering, it adds.

h/t Exile

  • The guy who fixes the robots will deserve the higher minimum wage.

    And now, your awesome AI moment:

  • BillyHW

    So get a real degree and find something useful to do.

  • Dana Garcia

    The report is interesting in that it apparently answers the debate now happening in some circles of whether the new jobs from automation will replace the ones being made obsolete: No.

    That’s from the conclusion of 7 millions jobs lost compared with 2 M created = 5 M net jobs lost.

    • Exile1981

      It will make the great depression look tame.

  • Meanwhile, Germany is importing “much needed” foreign labor (Arabs, Africans and Asians of the Muslim persuasion). If automation will cause more unemployment, why import more labor?

    • Pavelina

      Good question. Also, the Europeans will find that Muslims don’t like to work. They are coming to Europe for that reason — they think they’ll be taken care of by the welfare system. Then they can spend their time on Da’wah and Jihad.

  • FactsWillOut

    Either new jobs from automation will outnumber jobs lost, or prices of goods will drop.
    This is more BS anti-capitalist clap-trap from the people who bring you mass immigration.