Previous technological innovation has always delivered more long-run employment, not less. But things can change…
The most pressing question about the current technology revolution, in which our technology is becoming more intelligent, is what will happen to our economies, specifically our jobs? The quote above from an article in The Economist really captures the concern (the full article is below). Will this current revolution create new jobs, new opportunities and wealth for everyone or will it dramatically reduce these for all but a tiny percent of the population?
This debate ebbs and flows in the media and will no doubt change as technology develops and the trends become more visible. The three articles below give a good snapshot of some of the current thinking on this issue.They’re worth reading to see how things are now and they also provide some predictions which can be used as benchmarks as things develop:
A short good piece which summaries the challenge for employment that technology will present and how we might address it.
A more detailed review of the issues for jobs created by technology, how employment may change, which jobs will go and which ones will be created.
A brief outline of how soft skills rather than technical ones could be the way to manage the challenge of technology taking jobs.
(cover image from The Economist by Satoshi Kambayashi)