11/16/2017

Jobs Everywhere are Becoming More Digital

Bracing for technological disruptions to come

Rapid advances in artificial intelligence and the rapid adoption of robots across diverse industries are stalking the fear of jobless growth. Responses to these developments have focused on what to do to ensure that robots don’t steal jobs.

Bill Gates, for example, has called for the taxing of robots that take away jobs. This has elicited responses from leading economists, such as Larry Summers (former Vice President of Development Economics, Chief Economist of the World Bank, and US Treasury Department official) who argue against the idea saying that robots are job creators and that the idea of taxing them is profoundly flawed.

An equally questionable idea is to use universal basic income – the idea that everyone receives a minimum income regardless of circumstance – to redress the impact of technological unemployment.

Please click here to read the complete article from The Conversation.