Future Of Work: Three Ways We Can Create Jobs From The Bottom Up
LONDON — Andrew McAfee, director of MIT’s Center for Digital Business, argued Thursday that technological advances of the last few decades have significantly contributed to global stagnation of wages and lack of significant job growth.
McAfee, co-author of The Second Machine Age, was speaking at The WorldPost Future of Work Conference. He was followed by a panel that included David Gergen, co-director of Harvard’s Center for Public Leadership and a senior analyst at CNN.
McAfee said that while other factors –- such as globalization and the rise of monopoly capitalism –- have hit jobs and wages hard, technological progress since the computer revolution in the 1980s has been the biggest blow. In particular, he said, information technology, automation and artificial intelligence are going to continue to replace many human jobs. And while technological progress is “the best economic news on the planet” because it creates abundance, he said, there’s no guarantee that that abundance will be shared fairly.
Gergen shared McAfee’s concern about the future of jobs. He cited an estimate that nearly half (47 percent) of American jobs are likely to be automated within the next two decades, according to 2013 report from the Oxford Martin —> Read More Here