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Robots are going to… make you a new job

A PwC report finally says something positive about tech and work – though there are still a few 'buts'

Well this is unusual. Apparently robots are going to create jobs for us, not take them away.

What it means: A new report looking specifically into 'artificial intellgence', or AI, says things aren't as gloomy as they seem for the future of jobs.

AI machinery is capable of things like speech recognition, decision-making, translation – stuff humans were pretty good at, until we made something that could do it better.

But this report from accountancy PwC says in some sectors AI will create as many jobs as it gets rid of. Jobs in health will increase by around 22%, in science and tech by 16%, and in education by 6%.

How? When new tech makes production processes more efficient, prices fall. That means people are able to buy just as much stuff but end up with more money in their pockets – which they go out and spend on more stuff. That 'demand' creates the need for more jobs, which humans can do, the report says.

Of course, it's not that simple. Firstly, who's to say the jobs created by the extra demand won't go to robots too? Secondly, the people losing their jobs from AI won't necessarily be the same people to take the jobs created by it – especially as most losses are in manufacturing and construction jobs, where people wouldn't easily be able to adapt to a new role in health or education.

Read the full story: Business Insider

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?