American Thinker by Roger James Hamilton 3/29/2021
The robots are coming for bad public school teachers: Is the American educational system ready?
According to a report by the McKinsey Global Institute, which first appeared in late 2017, 800 million workers across the world could lose their jobs to robots, including one-third of the workforce in the United States. And while the report says that those who operate machines and "food workers" will suffer most, robots or automation, the report claims, will displace its share of mortgage brokers, paralegals, accountants and back-office workers.
CBS's 60 Minutes last night had a segment on the future of robotics, showing the technology's rapid advances.
By 2030, if the experts are correct, anywhere from 39 million to 73 million jobs in the U.S. may be lost due to the robots. If we consider just one trend of the digital decade, the decentralization of finance, what is called De-Fi, or financial transactions executed on the block chain, intermediaries such as bankers, lawyers, mortgage brokers etc. will not be necessary to affect transactions that can be done transparently and within minutes in the digital universe.
In a July 2020 study by MIT professor Daron Acemoglu and Boston University professor Pascual Restrepo, Ph.D., called "Robots and Jobs: Evidence from the U.S. Labor Markets," they calculated the following: "...for every robot added per 1,000 workers in the U.S., wages decline by 0.42% and the employment-to-population ratio goes down by 0.2 percentage points-to date, this means the loss of about 400,000 jobs."
More:
https://www.americanthinker.com/blog/2021/03/the_robots_are_coming_for_bad_public_school_teachers_is_the_american_educational_system_ready.html
