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Automation and Employment

By Dennis Ricks. Automation and Employment. Pros and Cons of Automation. Pros Saves production costs Helps US be more competitive The primary industry of Silicon Valley. Cons Replaces human jobs Can make people feel worthless. What Jobs Will Robots Take?.

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Automation and Employment

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  1. By Dennis Ricks Automation and Employment

  2. Pros and Cons of Automation • Pros • Saves production costs • Helps US be more competitive • The primary industry of Silicon Valley • Cons • Replaces human jobs • Can make people feel worthless

  3. What Jobs Will Robots Take? Some researchers predict that up to 45% of all American jobs will be replaced by software or robots in the next 20 years…

  4. 12 Jobs Being Automated Now • Factory worker • Bank teller • Cashier • Receptionist • Mail carrier • Secretary • Farm worker • Warehouse worker • Travel agent • Newspaper reporter • Data entry associate • Legal researcher

  5. 12 Jobs at Risk of Automation • Garbage collector • Truck driver • Taxi driver • Pizza deliverer • Cook • Telemarketer • Soldier • Fighter pilot • Commercial pilot • Astronaut • Internal med. doctors • Tech support

  6. Jobs Safe From Automation…(for now) • K-9 educator • Day & senior care • Personal trainer • Writer, Artist • Masseuse, entertainer • Plumber, electrician • Scientist, futurist • Automation manager • Software engineer • Most health care work • Lawyer, Politician • Entrepreneur • Financier, Investor • Professional athlete

  7. US Unemployment Rate

  8. The Unprecedented Rise of Long-Term Unemployment

  9. Productivity vs. Median Family Income Growth

  10. US Income Share of Top 1% http://en.wikipedia.org/wiki/File:2008_Top1percentUSA.png

  11. What the Gov’t Should Do Now • Permanently end all payroll taxes on 1st $25k • Raise minimum wage by 15% with the co. savings • Provide health insurance to reduce payroll burden • Support the Work Opportunity Tax Credit • Boost SBA loan and investment programs • Boost infrastructure spending (roads, bridges, etc.) • Reorient education towards greater adaptibility

  12. How to Pay for That • Boost the capital gains tax • Make income tax more progressive • Add a national sales tax on non-essentials • Reduce inheritance tax exclusions • Eliminate tax credits for rich oil companies • Tax non-US corporations with sales in US

  13. Your thoughts?

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