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dlr5288
dlr5288
2/28/2018 5:25:18 PM
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Platinum
Re: 5G and Jobs
Well said. It is a scary thought too. Now so many people are being put out of a job because of “robots” or electronics. When will it end? Or will all people eventually be left behind?

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mpouraryan
mpouraryan
2/25/2018 2:25:43 PM
User Rank
Platinum
Re: Complexity
The key is to read wildy and then make our own judgement.  What is clear is that Automation is here to stay--and everyone is impacted.   The debate has to happen now and the idea that "no one knows" is not the right outlook to embrace!!!  



Onward to March!!

 

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Ariella
Ariella
2/25/2018 2:12:02 PM
User Rank
Author
Re: Complexity
@mpouraryan Certainly, though it seems pretty clear to me that some paint a rosier outlook than others because of their own vested intersts. You would need someone who is completed disinterested (not uninterested) to assess objectively and come up with a plan based on the likeliest outcome.

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Ariella
Ariella
2/25/2018 2:12:01 PM
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Author
Re: Complexity
@mpouraryan Certainly, though it seems pretty clear to me that some paint a rosier outlook than others because of their own vested intersts. You would need someone who is completed disinterested (not uninterested) to assess objectively and come up with a plan based on the likeliest outcome.

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mpouraryan
mpouraryan
2/25/2018 1:25:51 PM
User Rank
Platinum
Re: Complexity
The reality cannot be disputed despite th reservations being expressed by MIT.  There needs to be the conversation now and saying "we don't know" is frankly irresponsible.

 

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Ariella
Ariella
2/25/2018 9:52:00 AM
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Author
Re: Complexity
@freehe I agree that the inevitable result is loss of jobs, though what the net loss will be is very much in dispute. On January 25, MIT Technology Review published this: https://www.technologyreview.com/s/610005/every-study-we-could-find-on-what-automation-will-do-to-jobs-in-one-chart/:

As you can see, no one agrees. Predictions range from optimistic to devastating, differing by tens of millions of jobs even when comparing similar time frames. We also found numerous predictions focused on losses in one industry, and many that were the result of a single technology, like autonomous vehicles.  

Of course, not all statistics are created equal. The most commonly cited numbers were from three places: a 2013 Oxford study that said 47 percent of US jobs will be automated in the next few decades, an OECD study suggesting that 9 percent of jobs in the organization's 21 member countries are automatable, and a McKinsey report from last year that said 400 million to 800 million jobs worldwide could be automated by 2030.

In short, although these predictions are made by dozens of global experts in economics and technology, no one seems to be on the same page. There is really only one meaningful conclusion: we have no idea how many jobs will actually be lost to the march of technological progress.

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freehe
freehe
2/24/2018 11:18:04 PM
User Rank
Platinum
5G and Jobs
I agree that the key is to strike a balance but I doubt most companies will be able to achieve that. As of now Amazon has not. They have only retrained 40% of the employees whose jobs were eliminated. Amazon uses 100,000 robots. I forsee that this will be a trend. What will happen to the employees who are laid off?

 

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freehe
freehe
2/24/2018 11:15:05 PM
User Rank
Platinum
Re: Complexity
@Ariella, This will have a huge impact on the ecoonomy and will result in an increase in unemployment and underemployment, cause an increase in social services and unemployment compensation, increase short sales and foreclosures.

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freehe
freehe
2/24/2018 11:14:43 PM
User Rank
Platinum
Re: Complexity
This confirms what I have been saying. Many people will become unemployed as companies increase their use of technology including 5G. Companies will retrain some employees but I don't if companies will spend money to retrain all employees whose jobs will be eliminated. Your statistics are very alarming. It makes me sad that so many employees will lose their jobs.

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ms.akkineni
ms.akkineni
2/22/2018 4:06:46 PM
User Rank
Platinum
Re: Complexity
First i would like to thank @Ariella for sharing very interesting stats. That is so informative.

@afwriter:

Let me second you about the trends starting 2027 thru 2030. It is concerning to see numbers during that timeframe.

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