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Robots set to displace millions of the US jobs

BGR India Tuesday, 11 July 2017 ()
While industrial robots have already displaced hundreds of thousands of jobs in the US since 1990, they are about to take millions more from human hands in the next decade, said a renowned American economist. “There’s a real mismatch between our institutions and the technologies coming on board,” Daron Acemoglu, an economist at Massachusetts Institute of Technology (MIT), told Axios Media, an American news website, in an interview published on Sunday night. Industrial robots have been replacing a range of low-skill and medium-skill occupations report Xinhua news agency. A paper published in March by Acemoglu and Pascual Restrepo, another MIT economist, estimates that the US has already lost between 360,000 and 670,000 jobs to robots since 1990. In an aggressive
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Source: Veuer - < > Embed

News video: Robots Are Taking Your Jobs

Robots Are Taking Your Jobs 01:01

Retail stores across the country are introducing automated machines that are taking the place of jobs otherwise performed by human workers. Veuer's Elizabeth Keatinge has the full story.

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