Is Technology Increasing Inequality?
"Robots Are Replacing Humans at All These Wall Street Firms". This was the title of a Fortune article, almost ten days ago. The article referred to BlackRock's announcement they would replace human managers with artificial intelligence-powered algorithms. According to PwC, automation may substitute 38% of all American jobs, a tendency that is particularly evident in financial sectors, where by 2025 almost 10% of the human workforce will be replaced by computers. Technological progress has always created wealth and new jobs.
Apr-7-2017, 06:15:10 GMT
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- Information Technology > Artificial Intelligence > Robots (0.37)