Lifeboat Foundation

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 fastest-growing occupations in the past five years are all related to services,” he tells the Observer. “The two biggest are Zumba instructor and personal trainer.”

A new report suggests that the marriage of AI and robotics could replace so many jobs that the era of mass employment could come to an end.

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A new way to think about whether robots will take your job.

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Thomas Frey’s futurist predictions will leave you beyond enlightened. Learn more about the state of jobs in the future by clicking here!

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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?

Continue reading “The Future of Work: Less than 10% of People Have Jobs” »

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

Continue reading “How robotics will affect the availability of employment and social benefits” »

Don’t get overly excited about computers and artificial intelligence replacing humans , at least not yet says Andrew Ng, chief scientist at the Chinese search giant Biadu. Computers are still in the “supervised learning” stage where human input is required to connect dots.

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“Martin Ford — author of Rise of the Robots — thinks we face mass unemployment and economic collapse unless we make radical changes, such as offering humans a basic wage, a guaranteed income.”

We are on the cusp of a revolution in the way we work so move over and make room for the robots.

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It’s becoming clear that increased automation as well as the rise of artificial intelligence is threatening ever more jobs. Now economists are starting to seriously consider a universal basic income.

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