Automation won't destroy jobs, but it will change them

The last few years have seen numerous studies pointing to a bleak future with technology-induced unemployment on the rise. For example, a pivotal 2013 study by researchers at the University of Oxford found that of 702 unique job types in the United States economy, around 47% were at high risk of computerisation. This was backed up by similar findings in Australia suggesting 44% of occupations – representing more than five million jobs – were at risk over the coming 10 to 15 years. Is the situation really so dire? Are we heading towards mass unemployment as computers and robots do all the work?