Does more technology equal fewer jobs?

By , ITworld |  Cloud Computing, Automation, employment

Electronic books don't need retail salespeople, and web-based newspapers don't need printers or delivery people. Are we "teching" ourselves out of jobs?

Perhaps, according to the story, "How Computers Are Creating a Second Economy Without Workers," in the The Atlantic. This "Second Economy" has been embraced by corporate America, as one computer talks to another, or sensors update monitoring equipment, all without a person involved. Why? Money. Walmart's sales are about $100,000 per employee, while Amazon's is over $800,000 per employee.

Just over two years ago, Singularity Hub's "Martin Ford Asks: Will Automation Lead to Economic Collapse?" focused more on robotics. In The Lights In the Tunnel, Ford argues lower skilled workers will be replaced by automation, as will some well-paid careers such as research lawyers and radiologists. Fewer jobs mean people can't buy the products automation creates, depressing the economy.

Job? What job?

And they're coming for warehouse workers too.
Kinny G. Villacorta S. on theatlantic.com

But there’s been a lot of technological growth in the last 25 years, and our workweek hasn’t shortened, and unemployment on average hasn’t skyrocketed.
turtles_allthewaydown on singularityhub.com

Technological unemployment is real and is here already.

Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Cloud ComputingWhite Papers & Webcasts

See more White Papers | Webcasts

Answers - Powered by ITworld

ITworld Answers helps you solve problems and share expertise. Ask a question or take a crack at answering the new questions below.

Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Ask a Question