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I agree. Back in 2013 Frey and Osborne published a paper saying that 47% of US workers were threatened with unemployment from automation. Here we are nine year
by tuatoru 4y ago
I agree. Back in 2013 Frey and Osborne published a paper saying that 47% of US workers were threatened with unemployment from automation.
Here we are nine years later, and the prime working age employment-to-population ratio is higher than it was then[1], and unemployment is under half the 2013 rate.[2]
If automation is happening, it's probably increasing employment.
1. https://fred.stlouisfed.org/series/LNS12300060 https://fred.stlouisfed.org/series/LNS12300060
2. https://fred.stlouisfed.org/series/UNRATE https://fred.stlouisfed.org/series/UNRATE
- JoeAltmaier 4y agoSure if 'employment' is slinging burgers. The fact is in America at least, folks have been sliding down the occupation ladder for a generation. Somebody who used to manage a shift at a factory is now selling shoes or a security guard. An office manager becomes a McDonald's manager. And so on and so on. So sure, be comforted by employment statistic, but remember that the govt has been obsessing over them for half a century, and they don't reflect wealth or happiness. Witness the fraction of us that can't afford a house.
- tuatoru 4y agoGood points. Looking at one statistic in isolation is not going to give me a good picture. Thanks for the reminder.