Skip to content
Home » 3 Myths About the Future of Work (and Why They’re Not True): Daniel Susskind (Transcript)

3 Myths About the Future of Work (and Why They’re Not True): Daniel Susskind (Transcript)

Daniel Susskind – TRANSCRIPT

Automation anxiety has been spreading lately, a fear that in the future, many jobs will be performed by machines rather than human beings, given the remarkable advances that are unfolding in artificial intelligence and robotics. What’s clear is that there will be significant change. What’s less clear is what that change will look like.

My research suggests that the future is both troubling and exciting. The threat of technological unemployment is real, and yet it’s a good problem to have. And to explain how I came to that conclusion, I want to confront three myths that I think are currently obscuring our vision of this automated future.

A picture that we see on our television screens, in books, in films, in everyday commentary is one where an army of robots descends on the workplace with one goal in mind: to displace human beings from their work. And I call this the Terminator myth. Yes, machines displace human beings from particular tasks, but they don’t just substitute for human beings. They also complement them in other tasks, making that work more valuable and more important. Sometimes they complement human beings directly, making them more productive or more efficient at a particular task. So a taxi driver can use a satnav system to navigate on unfamiliar roads. An architect can use computer-assisted design software to design bigger, more complicated buildings.

But technological progress doesn’t just complement human beings directly. It also complements them indirectly, and it does this in two ways. The first is if we think of the economy as a pie, technological progress makes the pie bigger. As productivity increases, incomes rise and demand grows. The British pie, for instance, is more than a hundred times the size it was 300 years ago. And so people displaced from tasks in the old pie could find tasks to do in the new pie instead. But technological progress doesn’t just make the pie bigger. It also changes the ingredients in the pie. As time passes, people spend their income in different ways, changing how they spread it across existing goods, and developing tastes for entirely new goods, too.

Pages: First |1 | ... | Next → | Last | View Full Transcript