Race against machines. To compete on costs, companies are using robots and AI to eliminate jobs. In the economics literature, this is known as the race against machines. Many technologies automate old jobs and create the opportunities for new jobs. But, to take advantage of these opportunities, individuals must be able to “race” faster than machines by learning new skills. We see the harbingers of automation with cashierless stores (3.6M jobs in US) and autonomous vehicle…
Excellent article, Michael! Thanks for the primer on this esoteric concept. Eloquently written and explained. Admire the research and reading you completed for this article! Bookmarking this for future referral - so much to soak in!
I am no expert, but in my opinion, advances in technology will bring about radically new workforces, novel new job-types, more automated tasks and more human-centric decision making.
I devised a 10 question test to measure if AI can replace your job, based on Stuart Russels "Human Compatible". Would appreciate if you can take the test and comment from a technology perspective.