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>> "The critical question that researchers cannot answer is whether job growth, which traditionally has offset the loss of 6 percent of US jobs every quarter du
by qwrusz 10y ago
>> "The critical question that researchers cannot answer is whether job growth, which traditionally has offset the loss of 6 percent of US jobs every quarter due to downsizing or closing businesses, can likewise absorb losses due to automation."
This sentence is basically saying researchers cannot predict the future when it comes to jobs. So job growth could be robust or it could fall, they have no idea. Yet this is a report by these same researchers predicting the future of jobs! How the heck can we take it seriously.
If someone can't answer questions about future job growth I would just be a bit careful how much to trust their opinions about future job losses.
AI and automation is a real issue for employment and should be studied, but don't just scare people without also mentioning how many uncertainties there are about the pace of change or who will be effected first or effected hardest.
Side note: Economies have done just fine when more than half workforce is not employed. One place to look for examples and lessons where this happened is all of modern history: half the population is women and they only really entered the workforce very very recently and only in a few places, more so in the West. We have seen economies with half of able workers not having jobs, the world kept turning, economic growth and innovation still happened. "History doesn't repeat itself but it often rhymes"