Winner of the Nobel Prize for his work on health, wealth, and inequality, economist Angus Deaton says that robots will be a far greater threat to employment than sending jobs overseas. In the video above, in a June 1, 2016 townhall meeting, President Obama explains what the employment landscape of the near-future will be like.
Obama's White House warned on Thursday that advances in artificial intelligence and robotics have the potential to wipe out millions of jobs in factories and industries like trucking, potentially increasing inequality.
The World Economic Forum (WEF) predicted a "Fourth Industrial Revolution" at the start of this year, as automation and robotics transform the global economy and the way we work. WEF expects 5 million jobs to be destroyed by 2020 by the trends. An in-depth study by Citi and Oxford University also found that 77% of all jobs in China are at risk of automation and 57% of all jobs across the OECD.
|“Robots of reality are starting to get to the point where they have similar capabilities to the robots of our imagination.”|
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|"Automation will disrupt millions of Canadian jobs, not far in the future, but in the next dozen years."|
|"Robots with legs can go a lot of places that wheels cannot.”|
|“There’s now a very large dataset of carefully curated photos of people from roughly 10 years ago and now.”|
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|“[T]here has never been this kind of financial incentive to make shorter songs.”|
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|“A short cut through spacetime allowing for travel over cosmic scale distances in a short period.”|
|“If you fell asleep in 1945 and woke up in 2018 you would not recognize the world around you.”|
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|“The very fact that apps – like a period tracker or an LED flashlight [app] – share data with Facebook will come as a surprise to many people.”|