His is “the non-alarmist view,” he says.
The 50-year-old believes automation has hurt the job market—but in a more targeted way than most pessimists think. He also doesn’t see the automation wave killing a wider array of jobs as quickly as many predict. Machines are invading the workplace, but in many cases as tools to make humans more productive, not replace them.
His research—presented in August to a packed audience of international central bankers in Wyoming—shows middle-skill jobs like bookkeeping, clerical work and repetitive tasks on assembly lines are being rapidly gobbled up by automation. But higher-paying jobs that require creativity and problem-solving—often aided by computers—have grown rapidly, as have lower skilled jobs that are resistant to automation, resulting in a polarized labor market and stagnant wages.
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