Source | Youtube | Ray Hammond
Will robots take our jobs? Are we facing mass unemployment because of automation?
These are hot topics, and in this video I try to explain what’s likely to happen in manufacturing as low cost collaborative robots arrive, and in offices as A.I. algorithms and big data analysis start to replace white collar workers.
Short term, the problem is worse for the developing world than it is for rich countries. Longer term, we’re going to have to tax the robots to pay people a wage not to work.