One third of able-bodied American men between 25 and 54 could be out of job by 2050, contends the author of “The Future of Work: Robots, AI and Automation.”
“We’re already at 12% of prime-aged men without jobs,” said Darrell West, vice president of the Brookings Institution think tank, at a forum in Washington, D.C. on Monday. That number has grown steadily over the past 60 years, but it could triple in the next 30 years because of new technology such as artificial intelligence and automation. . .
Molly Kinder, senior adviser at progressive think tank New America, said the current state of manufacturing tells a story that will be seen see across many occupations. Jobs that don’t require advanced education will be replaced by automation, displacing low-wage, low-skilled workers. . .
Many are already hurt by the technology shift. Some 6% of all adults say they lost a job or had their pay or hours reduced because of automation, according to a Pew Research study published in October. And 65% of adults believe most stores will be fully automated in 20 years and require little human interaction.
West’s new book focused a lot of his attention on use of robotics in the service industry. In the book he quotes Andrew Puzder, former CEO of Hardee’s parent company CKE, as saying that digital devices are “always polite, they always upsell, they never take a vacation, they never show up late, there’s never a slip-and-fall, or an age, sex or race discrimination case.” (Read more from “Why One-Third of American Working-Age Men Could Be Displaced by Robots” HERE)