Technology is coming. Workers hit hard by Covid-19 layoffs may be in for another blow: automation.
Many jobs lost to coronavirus-induced cutbacks are those at risk of being replaced by technology, like positions in the service sector. Because of this, researchers at the Federal Reserve Bank of Philadelphia (pdf) believe the pandemic has likely accelerated the process of automation in a number of occupations.
“Automation is happening at a faster pace now,” author Lei Ding told Quartz. “Many jobs that could be replaced in the next 10 years—that’s happening in a few months, now.” Jobs affected by COVID-19 and at risk […]
Full Post at qz.com