Do Not Be Alarmed by Wild Predictions of Robots Taking Everyone’s Jobs

Do Not Be Alarmed by Wild Predictions of Robots Taking Everyone’s Jobs

ThisisEngineering RAEng / Unsplash In February, McKinsey Global Institute predicted that 45 million Americans—one-quarter of the workforce—would lose their jobs to automation by 2030. That was up from its 2017 estimate that 39 million would be automated out of work, due to the economic dislocation of COVID-19. Historically, firms tend to replace some of the workers they fire during recessions with machines.

Fear of robot-driven mass unemployment has become increasingly mainstream. Andrew Yang, who is currently leading the polls for the Democratic nomination to be the next mayor of New York City, made it a pillar of his unorthodox 2020 […]

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