Robots and computers are not the enemies of job creation, but they are changing how work is done and who does it, according to economic innovation expert James Bessen. His brief but insightful article describes how “smart machines” – from automated teller machines to computers that can diagnose breast cancer – are stepping into territories that humans once dominated. But Bessen adroitly points out that while technology has replaced some workers, it has actually generated more and different jobs requiring diverse skill sets. getAbstract recommends his timely report to human resources executives and policy makers.
In this summary, you will learn
- How automation has changed the job landscape;
- Why technology creates more jobs than it eliminates: and
- Why a lack of training, rather than the technology itself, is the main culprit behind the stagnant labor market.
About the Author
Economic innovation scholar James Bessen is the author of Learning by Doing: The Real Connection Between Innovation, Wages and Wealth.
Get the key points from this article in 10 minutes.
For your company
We help you build a culture of continuous learning.
Comment on this summary
Customers who read this summary also read
The Economist Intelligence Unit
EIU © 2016. Sponsored by Temenos, 2016
Till Alexander Leopold et al.
World Economic Forum, 2016
World Bank Group
World Bank, 2016
Brookings Institution, 2016