Thursday, September 16, 2021

g-f(2)498 THE BIG PICTURE OF THE DIGITAL AGE (9/16/2021), Nextgov, Artificial Intelligence, Automation Aren’t Killing Labor Market, Reports Says

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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageArtificial Intelligence, Automation, Innovation (9/16/2021)  g-f(2)426 


Artificial Intelligence, Automation Aren’t Killing Labor Market, Nextgov 
  • Concerns that emerging technologies like artificial intelligence and automation could wipe out wide swaths of American jobs aren’t backed up by data, according to a Sept. 13 report released by the nonprofit, nonpartisan Information Technology and Innovation Foundation. 
  • The report examines decades’ worth of data from the U.S. Bureau of Labor Statistics across 10 industries—construction, leisure and hospitality, professional and business services, retail trade, transportation and warehousing, wholesale trade, financial activities, information, education and health services, and manufacturing. The report found rates of job loss in each industry were lower in the third quarter of 2020 than in 1995. 


“The prevailing narrative of accelerating job loss due to new technology is just a myth,” ITIF President Robert Atkinson, who co-authored the report, said in a statement, Nextgov
  • “The number of workers laid off each year as a share of all jobs has actually decreased steadily since the mid-1990s. Moreover, despite major employment disruption in the early stages of COVID-19, the rate of job loss has returned to the pre-pandemic trend line.”


Take care of innovation that creates disruptions that improve the economy, Nextgov
  • “As unease grows, individuals may push lawmakers to enact stronger labor protections. But such laws could act as a drag on productivity if they limit the ability of firms to restructure work, as we see currently in Europe,” the report states. 
  • “Even more detrimental to innovation, workers and lawmakers may resist productivity-enhancing disruptions such as new information technologies or labor-saving robotics, even when such disruptions improve the economy. And they may pay attention to pundits calling for a tax on automation.”

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  • Category 2: The Big Picture of the Digital Age
  • [genioux fact deduced or extracted from Nextgov]
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    • Inherited from sources + Supported by the knowledge of one or more experts.



Frank Konkel

Executive Editor, Nextgov

Frank Konkel is Nextgov’s executive editor. He writes about the intersection of government and technology. Frank began covering tech in 2013 upon moving to the Washington, D.C., area after getting his start in journalism working at local and state issues at daily newspapers in his home state of Michigan. Frank was born and raised on a dairy farm and graduated from Michigan State University. 

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