Why one-third of American working-age men could be displaced by robots

Submitted by Matt on Tue, 2018-05-15 05:47

Article here. Excerpt:

'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.

It could be even worse for some parts of the population, West argued. The rate for unemployment of young male African Americans, for instance, is likely to reach 50% by 2050.

“That, my friends, is a catastrophe,” West said.'

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Comments

... 90% of women have jobs. Only 66% of men though have jobs. What are the chances the ladies will be supporting the gents financially? Pretty slim chances.

As a percentage of the population, there are now more hookers per capita in the US than have ever existed. At the same time, male employment is also at its lowest. All this despite women's gains in the labor market, colleges, etc. Curious, that.

2050. 1/3 of men idle. Well, unemployed, anyway.

What could possibly go wrong?

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Submitted by Matt on Tue, 2018-05-15 05:51