From The Wall Street Journal
People have long feared that machines are coming for our jobs. Throughout the Industrial Revolution there were periodic panics about the impact of automation on work, going back to the so-called Luddites, textile workers who in the 1810s smashed the new machines that were threatening their jobs.
Automation anxieties have understandably accelerated in recent years, as our increasingly smart machines are now being applied to activities requiring intelligence and cognitive capabilities that not long ago were viewed as the exclusive domain of humans. But on balance, such fears appear to be unfounded, noted the World Bank in a comprehensive recent report on The Changing Nature of Work. Our problem is not that there won’t be enough work in the future. Our key problem is that, in many countries, the workforce is not prepared for our fast unfolding future.