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Reports of Robots Stealing 50% of Jobs in the US and UK Are Totally Alarmist

It’s being reported that a Bank of England official forecasts that in the next 10 to 20 years, smart robots will steal 80 million jobs from Americans and 15 million jobs from Britons—over half the workforce of each nation. I smell BS.

In a speech delivered yesterday by Bank economist Andy Haldane at the Trades Union Congress in London, he predicted that robots could quickly “hollow out” the middle class, shrinking the need for human-only skills, especially in clerical, production, and administrative jobs.

It’s true—I think robots will appear more in those sectors. But for every “robot overload” doom-and-gloom claim, there is a calming rebuttal of reason.

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The Future of Work: Less than 10% of People Have Jobs

In; The Future of Work: Less than 10% of People Have Jobs’ I have shared some articles and interviews where Steve talks about what may be a very real future of work.

Five hundred years from now, says venture capitalist Steve Jurvetson, less than 10 percent of people on the planet will be doing paid work. And next year?

In this fascinating article from the MIT Technology Review Steve outline his thinking of where we are headed.

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How robotics will affect the availability of employment and social benefits

On October 26, the Center for Technology Innovation at Brookings hosted a forum to explore the impact of robots, artificial intelligence, and machine learning on the workforce and the provision of benefits traditionally supplied by—or in conjunction with—employers.

http://www.brookings.edu/events/2015/10/26-robotics-employme…efits-west

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