Automation and Employment

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Presentation transcript:

Automation and Employment By Dennis Ricks

Pros and Cons of Automation Saves production costs Helps US be more competitive The primary industry of Silicon Valley Cons Replaces human jobs Can make people feel worthless

What Jobs Will Robots Take? Some researchers predict that up to 45% of all American jobs will be replaced by software or robots in the next 20 years…

12 Jobs Being Automated Now Factory worker Bank teller Cashier Receptionist Mail carrier Secretary Farm worker Warehouse worker Travel agent Newspaper reporter Data entry associate Legal researcher

12 Jobs at Risk of Automation Garbage collector Truck driver Taxi driver Pizza deliverer Cook Telemarketer Soldier Fighter pilot Commercial pilot Astronaut Internal med. doctors Tech support

Jobs Safe From Automation… (for now) K-9 educator Day & senior care Personal trainer Writer, Artist Masseuse, entertainer Plumber, electrician Scientist, futurist Automation manager Software engineer Most health care work Lawyer, Politician Entrepreneur Financier, Investor Professional athlete

US Unemployment Rate

The Unprecedented Rise of Long-Term Unemployment

Productivity vs. Median Family Income Growth

US Income Share of Top 1% http://en.wikipedia.org/wiki/File:2008_Top1percentUSA.png

What the Gov’t Should Do Now Permanently end all payroll taxes on 1st $25k Raise minimum wage by 15% with the co. savings Provide health insurance to reduce payroll burden Support the Work Opportunity Tax Credit Boost SBA loan and investment programs Boost infrastructure spending (roads, bridges, etc.) Reorient education towards greater adaptibility

How to Pay for That Boost the capital gains tax Make income tax more progressive Add a national sales tax on non-essentials Reduce inheritance tax exclusions Eliminate tax credits for rich oil companies Tax non-US corporations with sales in US

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