Ever since early-nineteenth-century textile workers destroyed the mechanical looms that threatened their livelihoods, debates over automation have conjured gloom-and-doom scenarios about the future of work.
With another era of automation upon us, how nervous about the future of our own livelihoods should we be?
A recent report by the McKinsey Global Institute estimates that, depending on a country’s level of development, advances in automation will require 3-14% of workers worldwide to change occupations or upgrade their skills by the year 2030. Already, about 10% of all jobs in Europe have disappeared since 1990 during the first wave of routine-based technological change. […]
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