Comment 

Robot dangers

Chris Dillow

Chris Dillow

The robots are coming. Economists increasingly suspect that new technologies could do the jobs of millions of workers. Carl Frey and Michael Osborne at Oxford University have estimated that almost half of American jobs could be done by computers - including some highly skilled ones. In their book, The Second Machine Age, Andrew McAfee and Erik Brynjolfsson say that workers displaced by new technology will compete for the remaining jobs, thus forcing down wages. Noah Smith at the State University of New York warns: "It is quite possible that workers' share of what society produces will continue to go down and down, as our economy becomes more and more capital-intensive"

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now