Robots aren't going to steal your job--not for a long time, anyway

We know that automation is affecting the labor market, but forecasts differ on how swift and dramatic the future impact will be. A new report now suggests things may happen more slowly than some have predicted. Last month, it was reported that Foxconn plans to replace almost every human worker in some of its manufacturing plants with a robot. Perhaps more worrying for office workers was the news that a Japanese insurance firm was sacking over 30 staff because artificial intelligence could calculate payouts just as well as humans. No wonder that two-thirds of Americans believe that robots will soon take on the majority of work currently performed by people.