The Future of Employment Research Report from Oxford University
In this report, Oxford University addresses the question: How susceptible are jobs to computerization?
Doing so, they build on the existing literature in two ways. First, drawing upon recent advances in Machine Learning (ML) and Mobile Robotics (MR), they develop a novel methodology to categorize occupations according to their susceptibility to computerization.
702 Occupations Examined
Second, they implement this methodology to estimate the probability of computerization for 702 detailed occupations and examine the expected impacts of future computerization on US labor market outcomes.
Widespread Technological UNemployment Coming…?
The report is motivated by John Maynard Keynes’s frequently cited prediction of widespread technological unemployment “due to our discovery of means of economizing the use of labor outrunning the pace at which we can find new uses for labor”
Indeed, over the past decades, computers have substituted for a number of jobs, including the functions of bookkeepers, cashiers and telephone operators.
More recently, the poor performance of labor markets across advanced economies has intensified the debate about technological unemployment among economists.
While there is ongoing disagreement about the driving forces behind the persistently high unemployment rates, a number of scholars have pointed at computer-controlled equipment as a possible explanation for recent jobless growth.
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