Automation could kill 11.9 million American jobs over the next three years, Bloomberg claims .
To clarify Bloomberg and IBM (NYSE: IBM ) estimate 11.9 million Americans will need retraining because robots and artificial intelligence (AI) will take their jobs. Frighteningly, we could lose those jobs in the next three years.
Technological unemployment could destabilize the People’s Republic of China, Bloomberg speculates. To explain, IBM predicts automation will kill 50.3 million Chinese jobs over the next three years. Thus, the People’s Republic will need to retrain 50.3 million workers. Nor is it just China, automation could kill 7.2 million Brazilian jobs, […]
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