Job losses may lead to anarchy

As for robotics, this technology long ago began to replace human workers – on assembly lines, in restaurants and, as mentioned, in the fields. And it's only getting more pervasive.

Robotics will accelerate. "The number of industrial robots is up 72% in the past 10 years while the number of US manufacturing jobs is down 16%," the BofAML report noted.

Still, the employment sector has been resilient throughout technological change, noted Carl Benedikt Frey, who with Michael Osborne published the seminal paper, "The Future of Employment: How Susceptible Are Jobs to Computerization?" in 2013. BofAML relied heavily on the paper to produce its report. He says that traditionally, as some jobs are replaced, new ones are created that focus more on services and interaction with and between people.

 

Today I am trying to get all the presents I have bought so far for family, and friends wrapped. If I fall behind I may never catch up!