12:00 am
May 18, 2016
Opportunity Washington has a good post about how technology is changing work — many jobs will increasingly be performed by robots and computers.
The technology is disruptive, upsetting long-standing operations and careers and the transition will be costly. But ultimately technologies that increase efficiency–cutting costs, boosting productivity and reliability–will win out.
Relatedly, in last week's episode of EconTalk, host Russ Roberts talked with Pedro Domingos of the University of Washington about machine learning. Domingos seems optimistic about the future for humans:
Because humans and computers have complementary strengths and weaknesses. And I think the same thing is going to be true for a lot of jobs. Always with automation it's always easier to see the jobs that get lost than the ones that are going to get created. . . . There will be whole new categories of jobs that are created. In the 19th century, most Americans were farmers; and then all those jobs disappeared. But it's not like 95% of Americans aren't employed. They are just doing things that were unimaginable back then, like App Designer.
As Opportunity Washington notes, "The advancing technology expands opportunity, but the new opportunities come with higher expectations for workplace skills."
Categories: Categories , Economy , Employment Policy.