USA pandemic country Gap USA

Robots which threatened to wipe out humans’ jobs are now needed - to take them

Reading now: 963
www.dailystar.co.uk

Robots, which once threatened to wipe out humans’ jobs, are now desperately needed – to take them.A global shortage of workers has led to business experts urging artificial intelligence manufacturers to speed up the creation of robot staff.Worldwide unemployment is at 4.5% - the lowest since records began in 1980.READ MORE: Creator of first robot artist warns AI is 'apocalyptic' and they will replace humansLabour shortfalls are at historic highs in advanced countries including the UK.In the US there are 11.2m vacancies for just 5.6m job hunters - the widest gap since the 1950s.The shortage has increased due to millions who quit jobs during the pandemic failing to return.Growth of the working population - aged 15 to 64 - has started to decline while the share of the elderly swells.The working age population is shrinking in 40 countries including most of the economic powers.Ruchir Sharma, chairman of the Rockefeller International research foundation, said AI was needed to plug the gaps - and fast.He said: "Not so long ago authors were churning out dire books on how The Rise of the Robots would lead to The Jobless Future amid authoritative forecasts that half of all US jobs would be at risk from automation starting right about now"."Recent jobs reports, however, raise a different threat - not whether robots will replace human labour but whether they will get here fast enough to save the world economy from worker shortages."Fewer workers all but guarantee slower economic growth so most nations will need more robots just to keep growth alive.Techno-pessimists still sound the alarm, saying the spectre of robots stealing jobs and undercutting wages will resurface as the pandemic fades and job-quitters return to work which they.

Read more on dailystar.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA