Will a Robot Take Your Job?

Source: NY Times


Steven Rattner:

“in the sweep of history, the human condition barely improved for centuries, until the early days of the industrial revolution, when transformational new technologies (the robots of their day) were introduced.

Consider the case of agriculture, after the arrival of tractors, combines and scientific farming methods. A century ago, about 30 percent of Americans labored on farms; today, the United States is the world’s biggest exporter of agricultural products, even though the sector employs just 2 percent of Americans.

The trick is not to protect old jobs, as the Luddites who endeavored to smash all machinery sought to do, but to create new ones. And since the invention of the wheel, that’s what has occurred.”

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