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Tag "high tech industries"

Technological Unemployment

Technological Unemployment
In his book, Rise of the Robots: Technology and the Threat of a Jobless Future, futurist Martin Ford warns of 75% unemployment by 2100, as robots will finally defeat humans and half of all existing occupations will disappear. Should we believe it? Prominent Russian economist and deputy director of the HSE Centre for Labour Market Studies Rostislav Kapeliushnikov does not think so. According to his paper 'Is Technological Change a Devourer of Jobs?'', predictions of a 'labour market apocalypse' with mass loss of jobs caused by technological progress are unfounded.