Download or read book How Robot Replaces Future Labour Market written by Johnny Ch Lok and published by . This book was released on 2021-02-09 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relationship between (AI) and economy growth⦁How can artificial intelligence technology influence economy?Advances in artificial intelligence (AI) technology and related fields have opened up new markets and new opportunities progress in critical areas, such as health, education, energy, economic development, social welfare and the environment pollution.(AI) automation will continue to create wealth and expand the global economy development in the future. However, when many will benefits that growth won't be costless and will be accompanied by changes in the skills, that workers need to increase productivity in the economy and structural changes in the economy. So, in the skills that workers need to succeed in the economy and structural changes. I shall indicate why aggressive policy action will be needed to help Americans who are disadvantaged by these changes, due to (AI) technology is caused. For automation industry change example, artificial intelligence (AI) capabilities will enable automation of some tasks that have long required human labor. These artificial intelligence technology introduction can increase new opportunities for individuals. The economy and society, but (AI) has also the potential to disrupt be current livelihoods of many Americans. However, (AI) leads to unemployment and increase in inequality over the long run depends not only on the (AI) technology itself, but also on the institutions and policies that are changed. Thus, it is possible that (AI) technology will raise some countries unemployment number if the employer apply (AI) technology workers to work instead of human labor in their factories, but it can also raise productivities for these employers.⦁Can (AI) influence global economy growth?Technological progress is main driver of growth of GDP per capita, allowing output to increase faster than labor and capital . However, technology can increase productivity, but also decrease the number of labor hours needed to create a unit of output. So (AI) causes unequal to labor wage decreases, even reduces the number of labor to manufacture, e.g. artificial intelligence technology of automation car manufacturing industry; clothing manufacturing industry; plane manufacturing etc. high technology of artificial intelligence manufacturing method. But (AI) should be potential environment benefit, although it raises unemployment ratio. Moreover, it can rise production, due to many skilled craft were replaced by the combination of machines and lower-skilled labor. The result of (AI) technology introduction, it causes output per hour risen when inequality declined, driving up average living standards, but the labor of some high-skill workers was no longer as valuable in the market. Otherwise, if (AI) technology is continue developed to be success. Some routine intensive occupations will be loss, which focused on predictable, e.g. easily programmable tasks, such as switchboard operators, filing clerks, travel agents, and assembly line workers would be particularly replaced by new (AI) technology. However, at the same time, (AI) technology development will bring these benefits: improvement in education ( training (AI) technology scientists), due to (AI) manufacturing technology needs are raising to businesses and institutional changes, such as the reduction in unionization and raising in the minimum wage to the (AI) manufacturing technology skilled labor in factories.Because (AI) technology is not a single technology, but rather a collection of technologies that are applied to specific tasks, the effects of (AI) will be felt unevenly though the economy. It will bring some tasks will be most easily automated than others, and some jobs will be affected more than others, both negatively and positively.

Download or read book The Work of the Future written by David H. Autor and published by MIT Press. This book was released on 2022-06-21 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What’s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all.

Download or read book How Robotic Brings Future Labor And Business Market Change written by Johnny Ch Lok and published by . This book was released on 2020-09-04 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: AI industry development first stageAlthough, (AI) technology will be popular to applied to different jobs, but it still needs social acceptance to replace some human jobs. Today, it is increasingly common for people to use robots in various situations at home and in retail stores, hotels and hospitals. Robots are classified into several types based on their functionality ( service and utility robots or those designed to communicate with humans ) and appearance ( humanoid robots or mechanical robots). The types of robot to which every country attaches particular important in the advance of robotics, reflects the sense of values and preferences of its population . Thus, (AI) will be applied to replace human to do these above different kinds of job nature. For example, U.S. has the highest level of robot utilization at home and an retail stores with its people being the most enthusiastic about the future use of robots. Otherwise, Germany shows a strong tendency to consider robots for industrial purposes, and its people feel strong to the presence of robots in their households. Japanese accepts to apply" human aid robot" that can communicate with humans and they have a high level of familiarity with robots.Hence, it implied those three countries have accept (AI) to replace human to do any these kinds of job duty and it will influence these three countries' workers lose their old occupations and who will unemployed absolutely, due to many (AI) robots replace them to do their job duties in the future. Also, US will have many retail service workers or retail warehouse workers are unemployed. Germany will have many manufacturing industry's workers are unemployed. Japanese will have many communication industry workers are unemployed, such as telephone service, shopping center services etc. different kind of service industry's service staffs . It will cause these kind of workers' competitive abilities are lost in themselves countries' jobs that require such skills include software developers, court judges, nurses, high school teachers, dentists and university lecturers, these occupations are still difficult to be replaced by (AI) robots.Are robots taking our jobs or making them? In fact, our societies will have unemployment challenges, even (AI) technology has not created before. However, after (AI) robots invention, some of human jobs will be replaced and it can raise many low skillful and low knowledge level worker unemployment number. However, I think that high productivity driven by increasingly powerful IT -enabled machines is the causes of global labor market problems and accelerating technological change will only make those problems worse. IT technology brings this question: Are robots killing human's jobs or benefiting human's jobs? I suppose that there is a limited amount of labor to be done. The implication is that technology can create unemployment by displacing workers, such as (AI) invention, because the more efficiently worker work ( using machines or (AI) robots), the loss work there is for workers to do. Even, any new jobs will be better done by machines or (AI) robots, and unemployment will still skyrocket. How do we know that humans will always be better at some work, or more importantly, enough work, than machines or (AI) robots, e.g. human drivers drive more safe or careful to compare (AI) robot drivers. But, the challenge is that it is not ensure that (AI) robots drivers must not drive careless to cause the chance of accident occurrences more than human drivers. However, technological change can be beneficial to innovation, automation and increasing productivity for businesses.

Download or read book The Future of Work written by Darrell M. West and published by Brookings Institution Press. This book was released on 2018-05-15 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking for ways to handle the transition to a digital economy Robots, artificial intelligence, and driverless cars are no longer things of the distant future. They are with us today and will become increasingly common in coming years, along with virtual reality and digital personal assistants. As these tools advance deeper into everyday use, they raise the question—how will they transform society, the economy, and politics? If companies need fewer workers due to automation and robotics, what happens to those who once held those jobs and don't have the skills for new jobs? And since many social benefits are delivered through jobs, how are people outside the workforce for a lengthy period of time going to earn a living and get health care and social benefits? Looking past today's headlines, political scientist and cultural observer Darrell M. West argues that society needs to rethink the concept of jobs, reconfigure the social contract, move toward a system of lifetime learning, and develop a new kind of politics that can deal with economic dislocations. With the U.S. governance system in shambles because of political polarization and hyper-partisanship, dealing creatively with the transition to a fully digital economy will vex political leaders and complicate the adoption of remedies that could ease the transition pain. It is imperative that we make major adjustments in how we think about work and the social contract in order to prevent society from spiraling out of control. This book presents a number of proposals to help people deal with the transition from an industrial to a digital economy. We must broaden the concept of employment to include volunteering and parenting and pay greater attention to the opportunities for leisure time. New forms of identity will be possible when the "job" no longer defines people's sense of personal meaning, and they engage in a broader range of activities. Workers will need help throughout their lifetimes to acquire new skills and develop new job capabilities. Political reforms will be necessary to reduce polarization and restore civility so there can be open and healthy debate about where responsibility lies for economic well-being. This book is an important contribution to a discussion about tomorrow—one that needs to take place today.

Download or read book Shifting Paradigms written by Zia Qureshi and published by Brookings Institution Press. This book was released on 2022-01-11 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the big questions about how technological change is transforming economies and societies Rapid technological change—likely to accelerate as a consequence of the COVID-19 pandemic—is reshaping economies and how they grow. But change also causes disruption, creates winners and losers, and produces social stress. This book examines the challenges of digital transformation and suggests how creative policies can make it more productive and inclusive. Shifting Paradigms is the second book on technological change produced by a joint research project of the Brookings Institution and the Korea Development Institute. Contributors are experts from the United States, Europe, and Korea. The first volume, Growth in a Time of Change, was published by Brookings in February 2020. The book's underlying thesis is that the future is arriving faster than expected. Long-accepted paradigms about economic growth are changing as digital technologies transform markets and nearly every aspect of business and work. Change will only intensify with advances in artificial intelligence and other innovations. Investors, business leaders, workers, and public officials face many questions. Is rising market concentration inevitable with the new technologies or can their benefits be more widely shared? How can the promise of FinTech be captured while managing risks? Should workers fear the new automation? Are technology-driven shifts in business and work causing income inequality to rise? How should public policy respond? Shifting Paradigms addresses these questions in an engaging manner for anyone interested in understanding how the economic and social agenda is being transformed by today's winds of change.

Download or read book Robotic Replaces Labor Job Market Influences written by Johnny Ch LOK and published by . This book was released on 2020-05-24 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Future works change: Automation, employment and productivity3.1How (AI) influences employment Human future " micro to macro" industry trends will be affected business strategy and public policy by (AI) technology. In the future (AI) technology will influence those six themes: productivity and growth, natural resources, labor markets, the evolution of global financial markets, the economic impact of technology and innovation and urbanization. However, (AI) technology will bring economic benefits of tackling gender inequality, a new global competition, Chinese innovation and digital globalization.Nowadays, advances in robotics artificial intelligence, and machine learning are in a new age of automation, as machines match or outperform human performance in a development to any countries. For example, automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. For example, some research indicated automation could raise productivity growth globally by 0.8 to 1.4 % annually; more than 2,000 work activities across 800 occupations. When less than 5% of all occupations can be automated using demonstrated technologies about 60% of all occupations have at least 30% of constituent activities that could be automated. Many occupations will change that will be automated away: Activities most susceptible to automation involve physical activities, in highly structured and predictable environments, as well as the collection and processing of data. They are most prevalent in manufacturing , accommodation and food service and retail trade and include some middle-skill jobs. For example, such as natural language processing is a key factor. Beyond technical feasibility, the cost of technology competition with labor including skills and supply and demand dynamics, performance benefits including and beyond labor cost savings, and social and regulatory acceptance will be affected by (AI) automation technology. Thus, (AI) automation will impact to influence global employment in those aspects as below:Firstly, assuming that people are displaced by automation will find other employment. The anticipated shift in the activities in the labor force is of a similar order as the long-term shift away from agriculture and decreases in manufacturing share of employment. Both of manufacturing and agriculture industries which would be accompanied by the creation of new types of work not foreseen at the time.Secondly, for business, the performance benefits of automation are relatively clear. Thus, the businessmen have opportunities for their micro economies to benefits from the productivity growth potential and macro economies to benefit to encourage continued progress and innovation , investment and market incentives. At the same time, employers must innovate policies to help workers and institutions adapt to the impact on employment. This will likely include rethinking education and training, income support and safety nets , as well as support for those dislocated, when employees need to leave themselves homes to move to other cities to learn new (AI) automation works. Thus, individuals in the workplace will need to engage move comprehensively with machines as part of their everyday activities, and acquire new skills that will be in demand in the new automation age. Consequently , the scale of shifts in the labor force over many decades that automation technologies can be a similar order to the long -term technology -enables shifts in the developed countries' workforces away from agriculture in the 21 th century. Those shifts did not result in long-term mass unemployment because they were accompanied by the creation of new types of work not foreseen at the time. However, human will still be needed in the workforce when the total productivity gains are caused by (AI) technology.

Download or read book Artificial Intelligence Impacts Human JOb Market Change written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-07-07 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: (AI) -driven automation industry will create wealth and expand economy growth to any countries, but it will be accompanied by changed in the skills that workers need to learn. One of main ways that technology increases productivity is by decreasing the number of labor hours needed to create a unit of output. It implies (AI) technology will influence low educated and low skillful labor number to be decreased ( reduction employment number).In contrast, technological change tended to work in a different direction throughout the nowadays. The advance of computer and the internet raised the relative productivity of higher skilled workers. So, routine-intensive occupations that focused on predictable tasks disappearance, such as switch board, operators, filming checkers, travel agents and assembling line workers etc. were particularly replaced by new technologies.However, today, it may be challenging to predict exactly which jobs will be most immediately affected by (AI) driven-automation. The reason is because (AI) is not a single technology, but rather a collection of technologies that are felt unevenly through theeconomy to influence job changing both negatively and positively. In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas, such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.(AI) capabilities will enable automation of some tasks that have long required human labor. Why can (AI) replace some simple human jobs? For example, advances in robotics are expanding machines' abilities to interact with and sharp the physical world. Combined, (AI) and robotics will give rise to smarter machines that can perform more sophisticated functions than ever before and brings moreadvantages that humans have exercised. This will permit automation of many tasks now performed by human workers and could change the shape of the labor market and human activity.

Download or read book How Robots Influence Future Labor Market written by John Lok and published by . This book was released on 2022-03-24 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Imagining the Internet written by Janna Quitney Anderson and published by Rowman & Littlefield Publishers. This book was released on 2005-07-21 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1990s, people predicted the death of privacy, an end to the current concept of 'property,' a paperless society, 500 channels of high-definition interactive television, world peace, and the extinction of the human race after a takeover engineered by intelligent machines. Imagining the Internet zeroes in on predictions about the Internet's future and revisits past predictions—and how they turned out. It gives the history of communications in a nutshell, illustrating the serious impact of pervasive networks and how they will change our lives over the next century.

Download or read book The Globotics Upheaval written by Richard Baldwin and published by Oxford University Press. This book was released on 2019-01-09 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the root of inequality, unemployment, and populism are radical changes in the world economy. Digital technology is allowing talented foreigners to telecommute into our workplaces and compete for service and professional jobs. Instant machine translation is melting language barriers, so the ranks of these "tele-migrants" will soon include almost every educated person in the world. Computing power is dissolving humans' monopoly on thinking, enabling AI-trained computers to compete for many of the same white-collar jobs. The combination of globalization and robotics is creating the globotics upheaval, and it threatens the very foundations of the liberal welfare-state. Richard Baldwin, one of the world's leading globalization experts, argues that the inhuman speed of this transformation threatens to overwhelm our capacity to adapt. From computers in the office to automatic ordering systems in restaurants, we are familiar with the how digital technologies offer convenience while also eliminating jobs. Globotics will disrupt the lives of millions of white-collar workers much faster than automation, industrialization, and globalization disrupted the lives of factory workers in previous centuries. The result will be a backlash. Professional, white-collar, and service workers will agitate for a slowing of the unprecedented pace of disruption, as factory workers have done in years past. Baldwin argues that the globotics upheaval will be countered in the short run by "shelter-ism" - government policies that shelter some service jobs from tele-migrants and thinking computers. In the long run, people will work in more human jobs-activities that require real people to use the uniquely human ability of independent thought-and this will strengthen bonds in local communities. Offering effective strategies such as focusing on the social value of work, The Globotics Upheaval will help people prepare for the oncoming wave of an advanced robotic workforce.

Download or read book The Rise of the Robots written by Martin Ford and published by Simon and Schuster. This book was released on 2015-09-03 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intelligent algorithms are already well on their way to making white collar jobs obsolete: travel agents, data-analysts, and paralegals are currently in the firing line. In the near future, doctors, taxi-drivers and ironically even computer programmers are poised to be replaced by ‘robots’. Without a radical reassessment of our economic and political structures, we risk the very implosion of the capitalist economy itself. In The Rise of the Robots, technology expert Martin Ford systematically outlines the achievements of artificial intelligence and uses a wealth of economic data to illustrate the terrifying societal implications. From health and education to finance and technology, his warning is stark – all jobs that are on some level routine are likely to eventually be automated, resulting in the death of traditional careers and a hollowed-out middle class. The robots are coming and we have to decide – now – whether the future will bring prosperity or catastrophe.

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Download or read book How Artificial Intelligence Influences Labor Market Changes written by Johnny Ch Lok and published by . This book was released on 2019-12-29 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: However, to answer the question: Whether (AI) technology machine labor will replace human worker more or assist human worker more. I shall indicate some examples to let readers to judge whether (AI) technology can create new jobs or reduce old jobs.Firstly, I shall explain what (AI) function is. (AI) is a service robot that performs useful tasks for humans or equipment excluding industrial automation application . Thus, the classification of a robot into industrial robot or service robot is done according to its intended application. It is also a personal service robot or a service robot for personal used for a non commercial task, usually by lay persons . Examples are domestic servant robot, and pet exercising robot. It is also a professional service robot or a service robot for professional used for a commercial task, usually operated by a properly trained operator. Examples, are cleaning robot for public places, delivery robot in offices or hospitals, fire-fighting robot, rehabilitation robot and surgery robot in hospitals. Thus, these functions will be future (AI) application to our daily life necessaries or business necessaries.However, some authors agree (AI) will bring negative outcomes of automation, due to raise competiveness, reduce human job nature. Otherwise, other authors argue (AI) will bring positive outcomes of automation, due to raise productivities, job creation, assist humans work. On the positive outcome hand, robots can increase productivity . This is particularly important for small-to medium sized businesses both are in developed and developing countries economies. It also enables large companies to increase their competitiveness through faster product development and delivery. Increased use of robot is also enabling companies in high cost countries to re shore, or bring back to their domestic base parts of the supply chain that will have previously outsourced to sources of cheaper labor. Currently, the greater threat to employment is not a automation, but an inability to remain competitive. Automation has led overall to an increase in labor demand and positive impact on wages. The reason is that the middle-income/middle-skilled jobs have reduced as a proportion of overall contribution to employment and earnings leading to fears of increasing income inequality, the skills range within the middle income bracket is large. Thus, robots are driving an increase in demand for workers at the higher -skilled and with a positive impact on wages. This issue is how to enable middle-income earners in the lower-income range to unskilled or retain. Finally, the (AI) positive impact supporter who argue the future will be robots and humans can work together. However, on the negative outcome hand, robots can substitute labor activities, but don't replace jobs. They believe that less than 10% of jobs are fully automatable. Increasingly, robots are used to complement and augment labor activities, the net impact on jobs and the quality of work is positive. Automation can provide the opportunity for humans to focus on higher-skilled, higher-quality and higher-paid tasks. Robots can improve productivity when they are applied to tasks that which perform more efficiently and to a higher and more consistent level of quality than humans. For example, increased productivity is enabling some firms, such as Whirlpool, Caterpillar and Ford Motors company in the US restructure their supply chains, bringing back parts of the manufacturing process to the country of origin. Thus, productivity gains due to robotics and automation are important not just at the company level, but also for build industry and nation competitiveness.

Download or read book Employment in the Age of Drastic Change written by David Arthur Bell and published by Taylor & Francis. This book was released on 1984 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of effects of computerization on skill and labour demand in manufacturing and the service sector in postindustrial society - discusses the development of industrial robots, the economics of automation (industrial economics), trends in redundancy and employment creation, work sharing, etc., with particular reference to the UK; includes a glossary. Diagram, photographs, references, statistical tables.

Download or read book The Robot Revolution written by The late John Hudson and published by Edward Elgar Publishing. This book was released on 2019 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the coming decades robots and artificial intelligence will fundamentally change our world. In doing so they offer the hope of a golden future, but there are dangers. This book looks at both the history of robots, in science and in fiction, as well as the science behind robots. Specific chapters analyse the impact of robots on the labour market, people’s attitudes to robots, the impact of robots on society, and the appropriate policies to pursue to prepare our world for the robot revolution. Overall the book strikes a cautionary tone. Robots will change our world dramatically and they will also change human beings. These important issues are examined from the perspective of an economist, but the book is intended to appeal to a wider audience in the social sciences and beyond.

Download or read book The Technology Trap written by Carl Benedikt Frey and published by Princeton University Press. This book was released on 2020-09-22 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Industrial Revolution to the age of artificial intelligence, Carl Benedikt Frey offers a sweeping account of the history of technological progress and how it has radically shifted the distribution of economic and political power among society's members. As the author shows, the Industrial Revolution created unprecedented wealth and prosperity over the long run, but the immediate consequences of mechanization were devastating for large swaths of the population.These trends broadly mirror those in our current age of automation. But, just as the Industrial Revolution eventually brought about extraordinary benefits for society, artificial intelligence systems have the potential to do the same. Benedikt Frey demonstrates that in the midst of another technological revolution, the lessons of the past can help us to more effectively face the present. --From publisher description.

Download or read book Rise of the Robots written by Martin Ford and published by Basic Books. This book was released on 2015-05-05 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New York Times-bestselling guide to how automation is changing the economy, undermining work, and reshaping our lives Winner of Best Business Book of the Year awards from the Financial Times and from Forbes "Lucid, comprehensive, and unafraid . . . ;an indispensable contribution to a long-running argument." -- Los Angeles Times What are the jobs of the future? How many will there be? And who will have them? As technology continues to accelerate and machines begin taking care of themselves, fewer people will be necessary. Artificial intelligence is already well on its way to making "good jobs" obsolete: many paralegals, journalists, office workers, and even computer programmers are poised to be replaced by robots and smart software. As progress continues, blue and white collar jobs alike will evaporate, squeezing working -- and middle-class families ever further. At the same time, households are under assault from exploding costs, especially from the two major industries-education and health care-that, so far, have not been transformed by information technology. The result could well be massive unemployment and inequality as well as the implosion of the consumer economy itself. The past solutions to technological disruption, especially more training and education, aren't going to work. We must decide, now, whether the future will see broad-based prosperity or catastrophic levels of inequality and economic insecurity. Rise of the Robots is essential reading to understand what accelerating technology means for our economic prospects-not to mention those of our children-as well as for society as a whole.