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 >

August 21 14:30 UTC Released

TRCentral Govt Debt Stock*

Actual

817.1 Bln TRY

Forecast

Previous

811.8 Bln TRY

August 21 12:30 UTC Released

CAWholesale Trade MM

Actual

-0.5 %

Forecast

-0.2 %

Previous

0.9 %

August 22 08:30 UTC 183183m

GBPSNCR, MM GBP

Actual

Forecast

Previous

18.283 bln GBP

August 22 08:30 UTC 183183m

GBPSNB Ex Banks GBP

Actual

Forecast

0.950 bln GBP

Previous

6.854 bln GBP

August 22 08:30 UTC 183183m

GBPSNB, MM GBP

Actual

Forecast

-0.2 bln GBP

Previous

6.278 bln GBP

August 22 09:00 UTC 213213m

DEZEW Current Conditions*

Actual

Forecast

85.5 Bln TRY

Previous

86.4 Bln TRY

August 22 09:00 UTC 213213m

DEZEW Economic Sentiment*

Actual

Forecast

15.0 %

Previous

17.5 %

August 22 10:00 UTC 273273m

GBCBI Trends - Orders

Actual

Forecast

9 Bln BRL

Previous

10 Bln BRL

August 22 12:30 UTC 423423m

CARetail Sales MM

Actual

Forecast

0.3 %

Previous

0.6 %

August 22 12:30 UTC 423423m

CARetail Sales Ex-Autos MM

Actual

Forecast

0.0 %

Previous

-0.1 %

Close

Welcome to EconoTimes

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