The Disruption is going to affect all of us: At the same time, the new industries that emerge will nearly always incorporate powerful labor-saving technology right from their inception. Virtually every industry in existence is likely to become less labor-intensive as new technology is assimilated into business models-and that transition could happen quite rapidly. In the past, automation technology has tended to be relatively specialized and to disrupt one employment sector at a time, with workers then switching to a new emerging industry. They are not alone: most jobs are, on some level, fundamentally routine and predictable, with relatively few people paid primarily to engage in truly creative work or “blue-sky” thinking.”Īs machines take on that routine, predictable work, workers will face an unprecedented challenge as they attempt to adapt.

Continue reading.The book was a New York Times bestseller and it was also named the 2 015 Financial Times and McKinsey Business Book of the Year Award.Įmployment for many skilled professionals-including lawyers, journalists, scientists, and pharmacists-is already being significantly eroded by advancing information technology.

Government tax revenues will also hit the skids. Consequently, a big proportion of the population will not be in a position to buy goods and services, significantly affecting consumer markets and causing a decline in business profits.

His assertion is that businesses will reduce investment in human labor, employing very few people, and replacing workers with software and task dedicated robots. Martin Ford argues that unregulated acceleration in information technology will eventually cause a global financial and economic crisis. He details that in the wake of massive job automation, a significant number of jobs are poised to be replaced by robots rendering scads of people jobless. The author claims that advances in information technology particularly in the robotics industry pose a threat to the economy by making good jobs obsolete. In the Rise of the Robots: Technology and the Threat of Mass Unemployment published in 2015, targeting economists, technocrats, policymakers, tech enthusiasts, and the global public, Martin Ford alludes to the possibility of a jobless future. His works explore the impact that advancing artificial intelligence and other technologies have on the job market, economy and society. Martin Ford, a futurist, Silicon Valley entrepreneur and the author of three bestselling books, is an expert in artificial intelligence and robotics.

Rise of the Robots by Martin Ford