Yes, it is like in the Industrial Revolution
In a few decades, twenty or thirty years — or sooner – robots and their associated technology will be as ubiquitous as mobile phones are today, at least that is the prediction of Bill Gates; and we would be hard-pressed to ﬁnd a roboticist, automation expert or economist who could present a strong case against this. The Robotics Revolution promises a host of beneﬁts that are compelling (especially in health care) and imaginative, but it may also come at a significant price.
The Pareto Principle of Prediction
We find ourselves faced with an intractable paradox: On the one hand technology advances increase productivity and wellbeing, and on the other hand it often reinforces inequalities.
A new study due to be published in the forthcoming Oxford Handbook of Skills and Training by Stuart Elliot visiting analyst at the Organisation for Economic Co-operation and Development (OECD), who incidentally is on leave from…
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