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Robots will not take over all our jobs
Artificial Intelligence; Automation
Article:
- There has been anxiety about automation that it would eliminate many jobs. However, a recent study indicates the fear of robot taking over jobs is improbable.
Analysis:
2. The paper ‘Benign effects of automation: New evidences from patent texts” (2017) by Katja Mann and Lukas Puttman studied the impact of automation on employment
3. The researchers used a machine-learning algorithm to identify patents filled in the USA between 1976 and 2014 that were related to automation.
4. Total 5 million patents were granted during this period
5. The share of innovation concerned with automation rose from 25% in 1976 to 67% in 2014.
6. It was observed that regions which experienced greater automation because of these patents also witnessed increase in employment.
7. Automation led to a loss in manufacturing employment, but this was more than compensated by a rise in service sector employment.
