Re: NYTimes.com: The Long-Term Jobs Killer Is Not China. It’s Automation.

Wed Dec 21 16:55:50 CST 2016

http://cepr.net/blogs/beat-the-press/what-s-different-about-
stagnating-wages-for-workers-without-college-degrees

from the link below:

In 2013, professor Nick Bloom of Stanford University
<https://en.wikipedia.org/wiki/Stanford_University> stated there had
recently been a major change of heart concerning technological unemployment
among his fellow economists.[61]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-65> In
2014 the Financial Times
<https://en.wikipedia.org/wiki/Financial_Times> reported
that the impact of innovation on jobs has been a dominant theme in recent
economic discussion.[62]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-control-66>
According
to the academic and former politician Michael Ignatieff
<https://en.wikipedia.org/wiki/Michael_Ignatieff> writing in 2014,
questions concerning the effects of technological change have been
"haunting democratic politics everywhere".[63]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-67>
Concerns
have included evidence showing worldwide falls in employment across sectors
such as manufacturing; falls in pay for low and medium skilled workers
stretching back several decades even as productivity continues to rise; the
increase in often precarious platform mediated
<https://en.wikipedia.org/wiki/Uberisation> employment; and the occurrence
of "jobless recoveries" after recent recessions. The 21st century has seen
a variety of skilled tasks partially taken over by machines, including
translation, legal research and even low level journalism. Care work,
entertainment, and other tasks requiring empathy, previously thought safe
from automation, have also begun to be performed by robots.[10]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-replicants-10>
[11]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-Martin-11>
[64] <https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-68>
[65] <https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-69>
[66] <https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-70>
[67] <https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-71>

Former U.S. Treasury Secretary and Harvard economics professor Lawrence
Summers <https://en.wikipedia.org/wiki/Lawrence_Summers> stated in 2014
that he no longer believed automation would always create new jobs and that
"This isn’t some hypothetical future possibility. This is something that’s
emerging before us right now." [note 5]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-72>[5]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-summers-5>
[68]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-NYT-2014-12-15-73>
[69]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-inequalityPuzzle-74>
While
himself an optimist about technological unemployment, professor Mark
MacCarthy stated in the fall of 2014 that it is now the "prevailing
opinion" that the era of technological unemployment has arrived.[57]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-MacCarthy-61>

At the 2014 Davos <https://en.wikipedia.org/wiki/World_Economic_Forum>
 meeting, Thomas Friedman
<https://en.wikipedia.org/wiki/Thomas_Friedman> reported
that the link between technology and unemployment seemed to have been the
dominant theme of that years discussions. A survey at Davos 2014 found that
80% of 147 respondents agreed that technology was driving jobless growth.
[70] <https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-75> At
the 2015 Davos, Gillian Tett <https://en.wikipedia.org/wiki/Gillian_Tett> found
that almost all delegates attending a discussion on inequality and
technology expected an increase in inequality over the next five years, and
gives the reason for this as the technological displacement of jobs.[71]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-76> 2015
saw Martin Ford <https://en.wikipedia.org/wiki/Martin_Ford_(author)> win
the Financial Times and McKinsey Business Book of the Year Award
<https://en.wikipedia.org/wiki/Financial_Times_and_McKinsey_Business_Book_of_the_Year_Award>
for
his *Rise of the Robots: Technology and the Threat of a Jobless Future*,
and saw the first world summit on technological unemployment, held in New
York. In late 2015, further warnings of potential worsening for
technological unemployment came from Andy Haldane
<https://en.wikipedia.org/wiki/Andy_Haldane>, the Bank of England
<https://en.wikipedia.org/wiki/Bank_of_England>'s chief economist, and
from Ignazio
Visco <https://en.wikipedia.org/wiki/Ignazio_Visco> , the governor of the Bank
of Italy <https://en.wikipedia.org/wiki/Banca_d%27Italia>.[72]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-Haldane2015-77>
[73]
<https://en.wikipedia.org/wiki/Technological_unemployment#cite_note-Visco2015-78>

https://en.wikipedia.org/wiki/Technological_unemployment

On Wed, Dec 21, 2016 at 11:50 AM, mackin.paul <emailthis at ms3.lga2.nytimes.co
m> wrote:

> more grist for the mill ....
>
> Sent by mackin.paul at gmail.com:
> Robot Revolution The Long-Term Jobs Killer Is Not China. It’s Automation.
> <http://p.nytimes.com/email/re?location=InCMR7g4BCJTYuyKqXu41iGMo3ktVpxg&user_id=04849200288093f2d9e7d70beb506d53&email_type=eta&task_id=1482339050967429&regi_id=0> By
> CLAIRE CAIN MILLER
>
> “Everything we did, you could program a robot to do it.”
> Or, copy and paste this URL into your browser: http://nyti.ms/2ia8Blh
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