
Are robots hurting job growth?
January 13, 2013 5:00 PM
Technological advances, especially robotics, are revolutionizing the workplace, but not necessarily creating jobs. Steve Kroft reports.
Are robots hurting job growth?
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See all 81 CommentsWhen I was young, the Atomic Energy Commission released comic books that had a character--Johnny Kilowatt. Johnny had a Flash Gordan helmet and arms and legs that were bolts of lightening. The promise of atomic energy, Johnny told me, was that it would make electricity so abundant and thus cheap that there would be no need to put meters on houses.
The unthinking responses have probably not read the two MIT "geeks" book--they are actually optimistic in the end, but that is a little factoid that they overlook.
No, they recite the Luddite Fallacy as proof that this time we don't need to worry. But the fact is, we might--and that is all that is all that Brynjolfsson and McAfee are saying (though I think they are probably too optimistic).
One thing is different this time they (and many others also observe). Moore's Law is here. The pace of invention in the past was slow enough so that we frail humans could adapt and keep pace. In the near past, it has become a bit harder--attractive professions like law (legal research) are now being taken over by algorithms. Even radiologists (as Murray observes in The Lights in the Tunnel) can be automated since all they do is read images and robots are pretty good at pattern recognition.
The lag is jobs may be made up--but by the time it is, the lag in newly lost jobs will be greater and that is the real argument being made--and by the time those new lost jobs are made up, even more newly newly lost jobs will be facing us.
We have some serious thinking to do. The comments are reassuring, but note they all are coming from those who have a dog in the fight for automation and robots. I don't--I am at the end of a rich and rewarding career and really do wish I could be a pollyanna and tell those younger than I that things will be hunky dory.
I truly think that would be instilling false optimism. I'd rather give them a dose of reality. It is not just a matter of education or training. Our worship of the technological sublime is probably looking at its grim, mechanical, reflection.
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