"Workers are losing the race between education and technology."

Innovation may be bad for the economy

#Future

Fri, Aug 8th, 2014 10:00 by capnasty NEWS

While the increased use of automation will make companies more profitable, secure and well paying jobs may be a thing of the past. Additionally, schools are not updating themselves fast enough to "prepare young people for a world in which most of today’s jobs are automated."

Replacing manual labor with machines on farms and in factories was one thing, the worriers say. Those machines were dumb and highly specialized, requiring humans to oversee them at every stage. But the 21st century is witnessing the rise of far smarter machines that can perform tasks previously thought to be immune to automation.

Today’s software can answer your calls, organize your calendar, sell you shoes, recommend your next movie, and target you with advertisements. Tomorrow’s software will diagnose your diseases, write your news stories, and even drive your car. When even high-skill “knowledge workers” are at risk of being replaced by machines, what human jobs will be left? Politics, perhaps—and, of course, entrepreneurship and management. The rich will get richer, in other words, and the rest of us will be left behind.

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