MIT Sloan’s Erik Brynjolfsson and Andrew McAfee
Current advances in robots and other digital technologies are stirring up anxiety among workers and in the media. There is a great deal of fear, for example, that robots will not only destroy existing jobs, but also be better at most or all of the tasks required in the future.
Our research at the Massachusetts Institute of Technology (MIT) has shown that that’s at best a half-truth. While it is true that robots are getting very good at a whole bunch of jobs and tasks, there are still many categories in which humans perform better.
And, perhaps more importantly, robots and other forms of automation can aid in the creation of new and better jobs for humans. As a result, while we do expect that some jobs will disappear, other jobs will be created and some existing jobs will become more valuable.
For example, machines are currently dominating the jobs in routine information processing. “Computer,” after all, used to be an actual job title of a person who sat and added long rows of numbers. Now it is, well, an actual computer.
On the other hand, jobs such as data scientist didn’t used to exist, but because computers have made enormous data sets analyzable, we now have new jobs for people to interpret these huge pools of information. In the tumult of our economy, even as old tasks get automated away, along with demand for their corresponding skills, the economy continues to create new jobs and industries.
Read the full post at the BBC.
The authors also appeared on the BBC’s “Panorama” for a segment titled “Could A Robot Do My Job.” See the program here.
Erik Brynjolfsson is the Schussel Family Professor of Management Science, a Professor of Information Technology, and the Director of the MIT Initiative on the Digital Economy at the MIT Sloan School of Management.
Andrew McAfee is the Principal Research Scientist at the MIT Center for Digital Business.