Why Automation Might Not Be as Bad For Jobs as Predicted

Fears automation will result in significant job losses may be overblown, according to new research from the OECD. While the research indicates as many as one in seven jobs could be lost to artificial intelligence (AI) automation, those numbers are lower than what had previously been predicted. In 2013, a paper by Oxford University academics Carl Frey and Michael Osborne, predicted that roughly 47 percent of jobs in the U.S. were at high risk of being automated. The paper, The Future of Employment: How Susceptible Are Jobs To Computerization, also showed wages and educational attainment had a strong negative relationship with an occupation's probability of computerization. In other words, the less a person earns and the less likely that person has received a higher education, the more likely their job will be computerized.