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Why robots won’t steal all our jobs

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Don’t worry. The robots won’t destroy all our jobs. History suggests just the opposite — that new technologies inspire new jobs. So concludes a study from leading labor economists. It’s a useful antidote to widespread fears that robots and “artificial intelligence” will displace millions of workers and lead to permanently high joblessness.

No doubt, the anxiety is real. Despite a low unemployment rate, 4.4 percent in June, roughly a quarter of Americans (26 percent) think their present job will be eliminated by new technologies within the next two decades, according to a recent Gallup poll. Half those jobs supposedly would vanish within five years. The Gallup report mentioned truck drivers (vulnerable to self-driving trucks), taxi drivers (already threatened by Uber) and surgeons (facing robotic operating machines).

The new study doesn’t deny that jobs will be lost. But that’s not the end........

© Washington Post