Will automation take away all our jobs?

Isn’t it mind-boggling? Over the span of 45 years since the inception of the first automated teller machine (ATM), the number of human bank tellers in the United States has essentially doubled, jumping from roughly a quarter of a million to half a million. Think about it, from 1970 to today, we’ve witnessed a steady increase of about 100,000 tellers each year since 2000. It’s like an unexpected plot twist in the narrative of automation and job displacement.

This trend isn’t confined to the banking sector. It’s a microcosm of what’s happening across various industries in the modern workplace.

It’s a head-scratcher, isn’t it?

With machines taking on more tasks, why aren’t we seeing a decline in the need for human labour? Why are job opportunities still abundant?

Enter David Autor, a beacon shedding light on this paradox. In his compelling TEDx talk from September 2016, aptly titled “Why this paradox exists?”. Autor delves deep into these questions, unravelling the mysteries behind this curious phenomenon. Through his insightful discourse, he not only offers answers but also paints a picture of what this means for the future of work.

Autor’s talk isn’t just an academic exercise; it’s a journey into the heart of automation’s impact on the modern workplace. He explores the intricacies of why automation doesn’t necessarily equate to redundancy for human workers and why our skills remain relevant in the face of advancing technology.

By dissecting this paradox. Autor provides invaluable insights into the challenges and opportunities that automation brings to the table, both now and in the future. It’s a conversation that goes beyond mere speculation, offering tangible observations and predictions for navigating the ever-evolving landscape of work.

So, if you’re intrigued by the enigma of automation and its implications for the workforce. David Autor’s talk is a must-watch. Prepare to be enlightened and inspired as he unravels the complexities of this fascinating topic, offering a glimpse into what lies ahead for the future of work.

Last Updated on 23 April, 2024 by Jan Viljoen (More Info)

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