It appears that the American workforce has a lot to worry about lately. Shrinking wages, increased expectations, longer hours. And now, employees may have to worry about how soon a robot will be able to replace them in their role. It's not the stuff of science fiction anymore, we live in the era of "technological unemployment", in which tasks humans used to perform can now be easily outsourced to robots. However, more automation in the workplace doesn't necessarily mean more job displacement. New roles are created too, but for workers with different jobs. According to James Bessen, "technology doesn’t replace workers; it displaces workers to jobs with somewhat different skill sets." So how do we compensate for the skill displacement? Read on to learn more.
The New Economy
Jun 14, 2015