Will smart machines create a world without work?

Will smart machines create a world without work?

Technology has always helped drive wealth; now doubts arise
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Justin Bredeau of Las Vegas tries out a Sony 3-D personal viewer at the Consumer Electronics Show, in Las Vegas. An Associated Press investigation released this month found that millions of mid-skill, mid-pay jobs have disappeared during the past five years and have been replaced with technology. That experience has left a growing number of technologists and economists wondering if middle-class jobs will return when the global economy recovers.
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Ep 130209988
Top right, Justin Bredeau of Las Vegas tries out a Sony 3-D personal viewer at the Consumer Electronics Show, in Las Vegas. Above, People line up to enter a government job center in Madrid. According to a report released by the Associated Press in January 2013, of the 17 European countries that use the euro as their currency, almost 4.3 million low-paying jobs have been gained since mid-2009, but the loss of mid-paying jobs has never stopped. A total of 7.6 million disappeared from January 2008.
Ep 130209988
Ep 130209988
Millions of mid-skill, mid-paying jobs have disappeared over the past five years, replaced with new technology. Peter Lindert, an economist at the University of California-Davis, does not believe workers are doomed to unemployment. With the right skills and education, Lindert, says, workers can learn to work with the machines.
Ep 130209988
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