The Future of Employment - The Impact of AI and Automation on Jobs - with Oxford Prof Carl Frey

In this conversation I speak with Carl Frey from Oxford University, who is the author of one of the most influential studies on the impact of AI, robotics and automation on jobs and the future of employment. The study found that 47% of jobs could be automated using technology. Here we look into this in more details and how to prepare for this future of automation…

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Thanks for watching!

[gregbrown]

First yet certainly not the last one here to say thank you Professor Carl Frey and Bernard Marr. Whenever I receive my "Bernard Marr" notifications via email, I always spend the ensuing 20 to 60 minutes perusing the entire Bernard Marr newsletter. Oxford University, Cambridge University, AI discussions, cognitive skills talk, relevant 4.0 advice, crowdfunding platforms, vertical integration strategies in the 2020's decade, blockchain shortcomings, Silicon Valley replications in Sub Sahara Africa and so xie xie, toda raba, multumesc mult, arrigato, grazie mille, daalu, shokhran, danke schoen, spasibo Bernard!

[ryanfrizzell]

It's great to learn more about the future of employment.

[hotelcalifornia]

@BernardMarr great interview. I actually read his paper and it says 45%-47% of the current jobs are susceptible to automation.

[ryanfrizzell]

Great. Now I know more information about employment.

[bgjtjzu]

Very good and funny videos bring a great sense of entertainment!

[randyjones]

Regarding the point about Google translator not replacing certified translators. What his analysis isn't taking into account is that translation technologies will allow certified translators to perform 10 to 100 times the amount of work that they currently do. AI will do the 'heavy lifting' of the actual translation work while the humans merely proofread and approve the work done by the computers. This means the economy will only need a small fraction of the number of human translators to do the same amount of work. It will be the same for any other certfied professional working with information, including lawyers and medical doctors. Fewer professionals will be needed to do the same amount of work because the best practitioners will be assisted by AI technologies. Quality goes up, costs go down, and fewer humans are required.

Now imagine this process impacting every sector of the economy simultaneously at an increasingly exponential rate. The idea that enough new jobs are going to be created to replace the destroyed jobs is laughable. The only new jobs that will be created will be very high skilled, require high intelligence or talent, or high levels of human creativity. Through no fault of their own, half or more of the human poplulation won't make the cut. They just are not talented or smart enough to offer value to the economy with their labor. We must start having serious policy discussions about how society is going reorganize itself around this new economic reality.

[theMuritz]

Bernhard Marr, as anybody trying to catch a glance into the future, fell short to really give examples. Clearly having more plumbers and cleaners is not the way to go. We'll probably have to wait for AI to evaluate each individuals capability and best utility.😀

[UBIAICOSMOS]

#Artificial_Intelligence is definitely the future of the world
AI will drive the economy of tomorrow
Technology is cheaper than workers.
it's Time for a #BasicIncome & #FourDayWorkWeek

[HuongNguyen-dhue]

Character In the video It's great, I like it a lot $$

[enriqueatentar]

That is the huge problem of those people can't content in Simple Single Life its better to choose an Ai robot wife and an Puppies Pet to live in Farm life in this Planet but if you very greed in everything Planet Mars is the next Level of Wealth fare.

[tuantuan]

Character In the video It's great, I like it a lot $$