Since then, robots have nearly fully automated the manufacturing sector, which has shrunk by ~10M human jobs. Unemployment is now at 5%.
In 1980, unemployment was at 6%, and pundits were warning us that robots were about to take millions of jobs.
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Today, pundits are warning us that AI is about to destroy millions of jobs. I fully expect that in 2050 unemployment will be 5-8%
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@chrisalbon per population, factoring in inflation, wouldn't the average worker need to work 2 jobs to earn as much.#wagesThanks. Twitter will use this to make your timeline better. UndoUndo
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total jobs grew by 50% (100M to 150M).
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I'm all for AI & automation but let's not be deluded. Robots from now -> 2050 != robots from 1980 -> now. We cannot just assume...
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that when we automate higher-level jobs than manufacturing & farming (e.g graphic design) the same thing will happen. Thats a leap
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@Asher_Wolf sure and they probably didThanks. Twitter will use this to make your timeline better. UndoUndo
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