Robots Could Destroy Millions of Jobs Globally

Robots Could Destroy Millions of Jobs Globally

It’s difficult to predict exactly how robots and other AI might change the economy. A Nobel Prize-winning economist has warned that the rise in robotics and automation could destroy millions of jobs across the world.

Angus Deaton, who won the Nobel Prize last year for his work on health, wealth and inequality, said he believes robots are a much greater threat to employment in the US than globalization, Business Insider reported.

Addressing the theory that Donald Trump’s victory in the US presidential elections was fueled by a backlash against globalization, Deaton told the Financial Times: “Globalization for me seems to be […]

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