Article 29TBE The new robot revolution will take the boss's job, not the gardener's

The new robot revolution will take the boss's job, not the gardener's

by
Larry Elliott
from on (#29TBE)

Advances in artificial intelligence mean a second wave of change is approaching - and it is not the low-paid service sector where jobs are most at risk

Guy Ryder is an old hand at Davos. The director general of the International Labour Organisation has seen it all: the years when the global business elite is brimful of confidence and the years, such as 2017, when the top 1% of the top 1% is fretful.

Ryder detected parallels with 2009, when the global economy seemed to be heading for a second Great Depression. Eight years ago, the attendees were shaken by the banking collapse but showed little contrition. This year, they were alarmed by the populist anger that was evident in Brexit and Donald Trump's arrival in the White House but couldn't really understand why it was happening.

This second group has sniffed the way the wind is blowing. Studies have shown that technological change rather than trade has been responsible for the vast majority of the jobs lost in manufacturing in the developed world. Put simply, machines have replaced humans. Robots have taken over factories.

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