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Sep 19, 2017

Is automation destroying, but also creating jobs?

And I don't mean destroying 1,000 jobs and creating one for a system administrator. A study by Deloitte showcases a development in UK where automation destroyed 800k jobs but created 3.5mn better paying (average) ones, too. I have no clue if this is a "trickle down"-like narrative to make us buy into a bright future where all of us work less and earn more, only to find ourselves out-competed by software once AI takes over. And there are other stories happening today, like this great eassay by Lant Pritchett about "Geniuses destroying Jobs in Uganda". A field that's worth to dig into.

https://venturebeat.com/2017/09/07/automation-replaced-800000-workers-then-created-3-5-million-new-jobs/

Study by Deloitte:
https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/Growth/deloitte-uk-insights-from-brawns-to-brain.pdf