In 2013, Oxford University researchers published a study claiming that roughly 47% of American jobs were at risk of automation in the next decade or two. However, the results of this study seem to be off the mark. Unemployment levels in the US are currently at an all-time low, and recent studies claim that only 9% of occupations across 21 countries could be automated. These statistics have spurred countless researchers to conduct experiments in order to determine how much human labor can be automated if cost were not a factor. Such studies have found that around 80% of the US workforce could see at least 10% of their tasks automated. However, it’s worth noting that technology tends to automate tasks rather than entire occupations. Therefore, people should focus more on how artificial intelligence will change the value of skills, regulations, and how technology is used in the workplace. Although it is difficult to predict, attention should be given to how companies decide to use technology in new kinds of work, especially in work we can’t yet imagine. Even if a job becomes completely automated, how displaced workers fare will depend on how companies decide to use technology in new kinds of work, especially in work we can’t yet imagine. While exact numbers are not the point, these studies have made one thing clear: big changes are ahead.
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