Menu

Search

  |   Technology

Menu

  |   Technology

Search

Prominent Scientists Attribute Job Loss To Automation, Not Foreigners

Stephen Hawking.Lwp Kommunikáció/Flickr

For decades, it was practically considered conventional wisdom that foreigners are the cause for so many jobs lost in industrialized countries. It didn’t matter if it was jobs getting shipped overseas or foreigners migrating to developed nations, it was their fault that employment was being taken away. However, this might not be the entire story as even prominent scientists are now saying that automation might play a bigger role in job loss than anything else.

Famed physicist Stephen Hawking wrote an op-ed recently for The Guardian about the current and future dangers facing the planet. Among the topics he brought up was how the rapid progress in Artificial Intelligence and automation has been particularly damaging for average working people.

“The automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes, with only the most caring, creative or supervisory roles remaining,” Hawking notes in the piece.

The New York Times also published an article about how automation is the real danger when it came to long-term job effects because of how machines are becoming so smart, so fast. According to Harvard economist Lawrence Katz, the difference between the rate of job loss to foreigners and to machines is so big, it’s not even a competition.

Yet, this issue has not been brought up by any major candidate during the campaign trail. Even now, the main sticking point that politicians have when it comes to the rapidly diminishing workforce is that the jobs are currently in countries like China or India.

President-elect Donald Trump promised voters that he would bring back jobs to Americans, but in the long run, whatever jobs are returned would likely be replaced by machines anyway. With machines always being polite, more efficient, and infinitely more productive than their human counterparts, an automated future is inevitable. It’s already happening now.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 28 15:30 UTC Released

BRForeign Exchange Flows*

Actual

-5.279 bln

Forecast

Previous

-3.401 bln

June 28 14:30 UTC Released

BRBank Lending MM*

Actual

-0.2 %

Forecast

Previous

-0.2 %

June 28 19:00 UTC 203203m

ARBank Lending MM*

Actual

Forecast

1.9 %

Previous

0.8 %

June 28 21:00 UTC 323323m

KRBOK Manufacturing BSI*

Actual

Forecast

Previous

82 bln

June 28 23:50 UTC 493493m

JPForeign Bond Investment

Actual

Forecast

2.6 bln JPY

Previous

3.2 bln JPY

June 28 23:50 UTC 493493m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

June 28 23:50 UTC 493493m

JPForeign Invest JP Stock

Actual

Forecast

Previous

-331.6 bln JPY

June 28 23:50 UTC 493493m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

June 28 23:50 UTC 493493m

DERetail Sales YY

Actual

Forecast

2.6 %

Previous

3.2 %

June 28 23:50 UTC 493493m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.