A few years ago, a couple of economists made a big splash by predicting almost half of occupations in the country had a big chance of being replaced by automation and technology in coming decades.
Unemployment rates would soar to double digits and stay there. The economists’ forecast revived fears of “technological unemployment” posing a bigger threat to jobs than any future recession.
How out-of-touch those forecasts now look today. Companies are hungry for workers. Many are hiring unqualified people and then training them. Unemployment rates are reaching historic lows among many groups and in many regions.The job situation and facts […]
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