Economist: Automation to make many jobless, needing subsidies

Automation will make many people jobless in five to 10 years and needing a subsidy to live on, an economist said today in Findlay.
“The reality is that 40 percent of the U.S. is low-skill workers and those folks are not going to have jobs in the future,” said Jim Robey, director of Regional Economic Planning Services for the W.E. Upjohn Institute, Kalamazoo, Michigan. He was part of a panel discussing for executives the impact of rising automation.
Low-skill jobs in manufacturing and service sectors will be vanishing rapidly.
“In five to 10 years from now, we’re going to […]

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