The big disruption to the world economy is not Trump, but AI. Peggy Noonan explores this question in her column.
What she does not address is how many new jobs are being created and the timing of that job creation. My prediction is that there will be transitional pains that policymakers need to grapple with, including retraining and enhancement of the safety net in the U.S. for displaced workers.
Amazon warehouses are more automated than ever. The company, a key bellwether for the U.S. labor market, now has over a million robots packing and shipping goods in its fulfillment centers. While some employees are finding ways to transition into higher-paying technical roles that manage the robots, the company’s CEO Andy Jassy has said it plans to cut the size of its overall workforce. Sebastian Herrera explains Amazon’s vision for the warehouse of the future. Jessica Mendoza hosts.
Bullish Forecast about the Potential of AI:
About 80% of the work involved in 80% of jobs across the economy can be automated over time, according to Khosla. “So 64% of all jobs can be done by an AI,” Kholsa said.
He views the next 10 years as a transition period in which the world’s political and social structures won’t seem all that different. AI will be seen as a boost for efficiency and productivity. After that, as the mid stages of AI-driven automation take a toll on more than 25% of today’s jobs, governments will need to provide much broader and deeper social services. But there will be enough economic abundance to support it.
Full Article at WSJ.com
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