Monday, September 14, 2020

What Coronavirus Means For Automation And The Future Of Jobs

Interesting piece from CNBC on YouTube. Automtion can be a boon to worker safety and many other aspects of industry. With the rise of technology and automation its important to think about new modes of income and economic equality.

From burger-flipping machines to car-building robots—not to mention high-powered software taking on more and more administrative tasks—it seems like hundreds of skills are rapidly becoming obsolete in the U.S. economy. A recent McKinsey study found that AI and Deep Learning could add as much as $3.5 trillion to $5.8 trillion in annual value for companies. The economic shock of the coronavirus pandemic hasn’t helped. In fact, Covid-19 could be accelerating the pace of automation.

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