On the very day (today) Donald Trump is scheduled to be sworn in as the 45th president of the United States, comes this piece from Reuters ... automation is poised to take the jobs Trump has promised to restore. Various Republicans are sucking up to Trump and his flamboyent, self-centered ways. Nor do Democrats want to be kept from the trough.
"If we don't own responsibility (for the problem of displaced workers), it's only going to get bigger," Procter & Gamble (PG.N) Chief Executive David Taylor said.
The scope of the employment risk from what the WEF calls the "fourth industrial revolution" which "blurs the lines between the physical, digital, and biological spheres" is unclear.
A University of Oxford study in 2013 said nearly half of U.S. jobs were at risk, while in 2015 Forrester Research predicted a net loss of only 7 percent by 2025, as some lost jobs will be replaced with new ones.
Forrester predicts that by 2019, one-quarter of all job tasks will be offloaded to software robots, physical robots, or customer self-service automation.
Even the corner office may not be safe.
But the jobs, dignity and honor?
No worries. We'll make up some numbers to fix that.
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