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posted by janrinok on Monday June 11 2018, @01:45PM   Printer-friendly
from the cheery-start-to-the-week dept.

Good news! Automation capable of erasing white collar jobs is coming, but not for a decade or more. And that’s also the bad news because interest in automation accelerates during economic downturns, so once tech that can take your job arrives you’ll already have lived through another period of economic turmoil that may already have cost you your job.

That lovely scenario was advanced yesterday by professor Mirko Draca of The London School of Economics, who yesterday told Huawei’s 2018 Asia-Pacific Innovation Day 2018 that the world is currently in “an era of investment and experimentation” with technology. The effects of such eras, he said, generally emerge ten to fifteen years in the future.

Innovation in the 1980s therefore sparked the PC and internet booms of the mid-to-late 1990s, and we’re still surfing [SIC - suffering?] the changes they unleashed. “Our current era of mobile tech doesn’t measure up to the radical 1990s,” he said, as shown by the fact that productivity gains appear to have stalled for a decade or more.

[...] “We predict that AI and robotics will lead to some sort of productivity surge in ten to fifteen years,” he said, adding that there is “no clear evidence” that a new wave of technologies that threaten jobs has started.

But he also said that it will once businesses see the need to control costs.


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  • (Score: 2) by JoeMerchant on Monday June 11 2018, @08:19PM

    by JoeMerchant (3937) on Monday June 11 2018, @08:19PM (#691577)

    Just for fun, around here and "averageish" 2+2 family:

    Rent - $1200 per month
    Food - $500 per month
    Bills - $250 per month
    Car - $300 per month

    Of course, all of that can vary - usually the 2+2 family needs 2 cars so that the adults can both have jobs. Rent can be creatively lowered, and bills are highly subject to lifestyle but electricity, phone, garbage, etc. is hard to get away from. So, the US family is looking at $27K/yr post-tax - maybe 20K GBP. Oh, but now let's talk about healthcare insurance....

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