Summary of 3 Myths About the Future of Work (and Why They’re Not True)

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3 Myths About the Future of Work (and Why They’re Not True) summary
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Economist Daniel Susskind addresses the increasingly common concern that machines will take human jobs. His nuanced talk targets three myths that oversimplify or misunderstand the future of automation. Ultimately, Susskind aims toward reframing the problem of “technological unemployment.” getAbstract recommends this talk to anyone interested in technological change, economics or “the future of work.”

About the Speaker

Oxford economist Daniel Susskind co-authored The Future of the Professions and is a fellow at Balliol College.

 

Summary

Recent technological advances make people worry that machines will take their jobs. Yet while technology will transform the labor market, exactly how isn’t clear. Three myths cloud people’s understanding of the problem:

  1. “The terminator myth” – Robot armies will displace human workers, warns this myth. Machines may indeed absorb many human tasks. But they also can directly and indirectly complement humankind by enriching people’s work and boosting productivity, thus growing the economy. A larger economy brings more wealth, new jobs and even new industries.

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