How AI and robots will create more jobs than they destroy

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The fears of technology stealing jobs are exaggerated, but that depends on your job.

As robots migrate from science fiction to the real world, their image as killers has also migrated – but this time the fear is that they will kill off our jobs.One can go all the way back to the dawn of the industrial revolution and the first manufacturing machine: the spinning jenny, which began the automation of weaving.

“Because of increased demand as more people could afford to buy manufactured clothes, economies of scale kicked in, the quality kept increasing, and they needed supply chains to supply the factories. For that they needed distribution mechanisms, and that led to more roads, railways, and ultimately the industrial revolution.”

The value of automation and AI, Deloitte said, “lies not in the ability to replace human labour with machines, but in augmenting the workforce and enabling human work to be reframed in terms of problem solving and the ability to create new knowledge”. “More than 60% of the global workforce in 1900 was employed in agriculture and manufacture. Today it is 11%, and we don’t have vast unemployment in those areas. Robots won’t take our jobs, they will be creating jobs.”Raftery pointed to five industries that will be dramatically affected by emerging technologies like AI, big data, robotics and cloud computing.

Said Raftery: “We are seeing a move to 3D printing, to mass customisation, which is really product as a service. Some of the world’s biggest technology manufacturers are getting in on the act. Last week, HP Inc formally opened the doors of a massive new 3D printing and digital manufacturing centre of excellence in Barcelona. It provides a large-scale factory environment to collaborate with customers and partners on digital manufacturing technologies.

 

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