NC State Economist Dr. Mike Walden – “Robots and Jobs”

Mary:  I’m Mary Walden with economist MW welcoming you to the economic perspective.  Today’s program looks at robots and jobs.  Mike, there is a concern that advances in technology – for example, with robots – will eventually mean significant jobs losses for humans.   But some economists say – not so fast – robots may be just what we need.   Please explain.

Mike: Summary Answer

  1. Agreement that robots will take some jobs for humans
  2. But country is looking at a significantly slower birthrate and much slower population growth
  3. So, some economists say the two trends will complement each other
  4. The future holds slower growth in jobs for humans, but also slower growth in humans wanting jobs
  5. So they don’t see massive technological unemployment
  6. Key, of course, is how the numbers work out
  7. But perceptive does reduce some of the fear from technological advances
  8. I’m MW

Mary:  And I’m Mary Walden for the North Carolina Cooperative Extension Service