Retraining will best ease loss of jobs caused by automation
February 22, 2018
Machines will put folks out of work. Think tank ITIF has ideas for easing the shock.
Embrace tech: Contra to suggestions to slow job erosion via, say, robo-taxes, ITIF urges uptake of automation to boost productivity, and helping those put out of jobs.
Retrain, don’t support: Rather than paying out universal basic income, says ITIF, re-educating workers and finding them new jobs could keep the economy strong.
Automation could be a net benefit to society. Better to focus on helping the displaced, says ITIF, rather slowing the whole economy to save jobs.