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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: 1) by khallow on Tuesday June 12 2018, @02:22PM

    by khallow (3766) Subscriber Badge on Tuesday June 12 2018, @02:22PM (#691911) Journal

    Oh, but the Republican fantasy vote for the benefit of the people they wish they were rather than the people they actually are will never allow this.

    That's ok. You can vote for the other Republican Party, you know, the donkey one rather than the elephant one, and they'll promise to do something about it. That's assuming very generously that you ever cared in the first place. I have yet to see anyone who actually did.

    I myself vote for where I want my society to be in the future rather than what I personally want. That's why I traditionally vote Libertarian.