Robots Could Replace Half the UK Workforce

Robots Could Replace 50 Percent of Jobs, Says Chief Economist (+Video)

Lulu Chang | November 15, 2015

The robot takeover of the world may not be as dramatic as we thought. It won’t come in the form of explosions, but rather in the form of employment. Yikes.
In a classic scenario of the student surpassing the master, our eagerness to make robots that are increasingly sophisticated and capable of truly remarkable tasks has, perhaps, rendered ourselves rather redundant (if not altogether obsolete). “Technology appears to be resulting in faster, wider and deeper degrees of hollowing-out than in the past,” said Andy Haldane, the Bank’s chief economist. Because the machines of today can not only perform menial tasks, but are also capable of creative thought, humans may no longer be able to compete.

Source: http://www.telegraph.co.uk/finance/bank-of-england/11991704/Half-of-all-British-jobs-could-be-replaced-by-robots-warns-Bank-of-Englands-chief-economist.html

<more at https://www.yahoo.com/tech/robots-could-replace-50-percent-183601623.html; related links: http://www.telegraph.co.uk/finance/bank-of-england/11991704/Half-of-all-British-jobs-could-be-replaced-by-robots-warns-Bank-of-Englands-chief-economist.html (Half of all British jobs could be replaced by robots, warns Bank of England’s chief economist. 15m jobs in the UK are "at risk of automation" over the next two decades, according to Andy Haldane. November 17, 2015) and http://www.theguardian.com/business/2015/nov/12/robots-threaten-low-paid-jobs-says-bank-of-england-chief-economist (Robots threaten 15m UK jobs, says Bank of England's chief economist. Results of the Bank’s study, Andy Haldane said, suggested that administrative, clerical and production tasks were most at threat. November 12, 2015)>