Wednesday, 27 May 2015

Will automation and the internet of things lead to mass unemployment?

New technologies provide unparalleled benefits for businesses but they also pose a threat to their employees. Marc Ambasna-Jones asks how automation can be managed so the benefits can be felt by all

“If we do this wrong, the technology providers could end up destroying hundreds of millions of jobs with products and services in the cloud, which makes these businesses indispensable and very rich,” says Gerd Leonhard, futurist, author and CEO of The Futures Agency.

Leonhard is referring to the threat of automation, of robots coming over here and taking our jobs. It’s almost unthinkable. Only a few weeks ago the UK unemployment rate fell to 5.5% and wage growth rose above 2%. Let the good times roll, some may say, latching onto a new optimism that even pollsters Gallop identified recently.

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