The new industrial revolution: Robots are an opportunity, not a threat
Market impact of autonomous systems is estimated to be $9.8 to $19.3 trillion a year by 2025
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Invasion. Takeover. These are the kind of words that have been bandied about in news headlines about robotics and artificial intelligence in the last few years. The coverage has been almost relentlessly negative, focusing on the threat to jobs, squeezing out the human component. While such potential is there, if robotics and AI do become a threat, then we believe this would be a threat of society’s own choosing.
The market impact of robotics and autonomous systems is estimated to be US$9.8 to US$19.3 trillion a year by 2025, but a recent report from the Sutton Trust stressed concerns that this could lead to a two-tier society with:
An elite high-skilled group dominating the higher echelon of society and a lower-skilled, low-income group with limited prospects of up-skilling and hence upward mobility, resulting in a broken social ladder.
The market impact of robotics and autonomous systems is estimated to be US$9.8 to US$19.3 trillion a year by 2025, but a recent report from the Sutton Trust stressed concerns that this could lead to a two-tier society with:
An elite high-skilled group dominating the higher echelon of society and a lower-skilled, low-income group with limited prospects of up-skilling and hence upward mobility, resulting in a broken social ladder.
Technical innovation has always had an impact on the status quo and stirred fears of what change might bring. Currently the fear is that the owners of the means of production will become rich, while other will see their jobs and livelihoods taken by robots.