Facts of the Month

Apparently the Robots Will Rule

With thanks to a recent NASFAA newsletter: "Economists across the political spectrum agree that the single biggest threat to future job growth is neither immigration nor trade — it's the artificial intelligence revolution already underway. Studies by Oxford University, McKinsey and Pricewaterhouse Coopers forecast that up to 50% of current jobs could be replaced by smart machines within the next 20 years. Already, more than 5 million U.S. factory jobs have been lost to automation since 2000. It's become clear: If a job can be automated in the future, it will be," Joseph Aoun, president of Northeastern University, writes in an opinion piece for TIME.

Publication Date: October 2017