Summary of Will You Lose Your Job to Automation?

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In this brief video, the World Economic Forum picks the brains of several experts for their insights on artificial intelligence and the changing jobs landscape. They predict massive disruption to the future of employment. Although this montage of opinions is fragmented and disjointed, it succeeds in depicting an uncertain future. getAbstract recommends this series of soundbites to students, workers and employers who are trying to chart a course forward.

About the Speakers

Fei-Fei Li is the chief scientist of artificial intelligence at Google Cloud. Sharan Burrow is the general secretary of the International Trade Union Confederation. Kai-Fu Lee is CEO of Sinovation Ventures. Yuval Noah Harari is a history professor. Economist Christopher Pissarides received the Nobel Prize in Economics in 2010.

 

Summary

The OECD estimates that automation will phase out some 14% of jobs in the industrialized world. While farming and manufacturing jobs are the obvious targets, many more skilled jobs also will be annihilated. For example, in 2000, Goldman Sachs employed 600 people at its US cash equities trading desk. By 2017, computers had assumed all but two of those jobs.

Artificial intelligence will see “some disintegration and some creation of jobs.” Say good-bye to bank clerks, receptionists, customer service personnel, drivers and radiologists...


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