MIT Economist, David Autor, says NO!
In the embedded TED Talk video below (Recorded at TEDx Cambridge in 2016), David (A Professor of Economics at MIT) goes into the details of his argument for Automation, but he starts his talk off by saying: “Here’s a startling fact: In the 45 years since the introduction of the automated teller machine … the number of human bank tellers employed in the United States has roughly doubled from about quarter of a million to half a million…”
Click here to see Autor’s profile on MIT’s website.
These facts are revealed in a recent book by a Boston University economist by the name of James Bessen (Bessen’s LinkedIn Profile).
The caption below the video reads: “Here’s a paradox you don’t hear much about: despite a century of creating machines to do our work for us, the proportion of adults in the US with a job has consistently gone up for the past 125 years. Why hasn’t human labor become redundant and our skills obsolete? In this talk about the future of work, economist David Autor addresses the question of why there are still so many jobs and comes up with a surprising, hopeful answer.”
Watch the video and let me know what you think:
For a list of my favourite TED videos, go see the My TED playlist on YouoTube.
Also read: “Why is STEM so important?” on this blog: https://thestemblogsa.co.za/2017/12/why-is-stem-important/
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