Experts say robots will take 47% of our jobs. Is this true? And if so is it a problem? A guide to the coming robot revolution everybody should know about. This is an analysis of the robot revolution

1. Experts say robots will take 47% of our jobs. Is this
true? And if so is it a problem? A guide to the coming
robot revolution everybody should know about
BY TUMOTECH

2. Contents
 Who are the Luddites
and what is
technological
unemployment?
 What are some of the
key demand drivers of
the robotics industry?
 Given rising demand
for robots, what are the
arguments for and
against robots taking
all human jobs?
 If robots take all our
jobs is it really a
problem?

3. So who are the Luddites and what is technological
unemployment?
 In the early 19th century
Luddites destroyed new
labour-saving machinery in
the north of England due to
alleged unemployment
fears.
 These fears however, have
proved to be unrealized
with only one third of the
civilian population having
jobs in 1870, compared
to the roughly 2/3 that
have jobs now despite vast
technological advances.

4. So who are the Luddites and what is
technological unemployment?
 It’s worth mentioning
the Luddites weren’t the only
ones who feared technological
unemployment.
 As far back as Roman times
when an engineer offered a
low-cost contrivance enabling
the transport of heavy
columns to the Capitol,
Vespasian a Roman emperor
paid him handsomely for his
invention but declined to use
the machine.

5. So what are some of the key demand drivers of these
robots that could cause technological unemployment?
1. Increase in labour costs

6. So what are some of the key demand drivers of these
robots that could cause technological unemployment?
2.Quality of work -The
demand for robots is also
a result of how much
more productive they are
compared to humans.
Additionally there has been
a fundamental change to
the history of robots as
machines can now be
used collaboratively
alongside humans.

7. So what are some of the key demand drivers of these
robots that could cause technological unemployment?
3. Security- The demand
for robotics is also a
product of fear or
national security.

8. Given rising demand for robots, what are the arguments for
and against robots taking all human jobs?
1. We will create new ones- Technological
unemployment is unlikely to occur because history shows
we will always create new ones.
Robots will only eliminate jobs at the bottom of the skill
ladder.

9. But.....
 Technology may be
destroying more
jobs than it creates
 The creative and
social economy
may not be safe
with the
exponential growth
in computing
power.

10. Ok I understand that robots may take all our jobs but
is this really a problem?
Technological
unemployment would
allow:
1. The pursuit of “higher
goals”- It’s difficult to be
the next Shakespeare if you
have to worry about feeding
yourself and or your family.

11. OK I understand that robots may take all our jobs but
is this really a problem?
 2. An even better
standard of living will
be realised - A kid with
Wi-Fi and a smartphone
has more access to
information than a U.S.
president 40 years ago.
Robots may lead to a
significant rise in
standards of living.

12. But....
 1.The transition-
Much of the existing
analysis out there, has
looked at where we are
today and where we will
end up. But too little
attention has been paid
to the wild rollercoaster
transition in between.

13. But...
 2. Living standards in
the last decade could
be declining- It has
arguably never been
harder to take care of
basic human needs such
as food and shelter.

14. Some conclusions
 Robots are likely to take
most if not all the jobs we
have today and those
created in the future.
This is because unlike
trucks, computers and
cars, robots of the future
are structurally different.
They will be intelligent
agents, not tools.

15. Sources and downloadable
data?
ALL OF THE ABOVE AND MORE CAN BE
FOUND AT WWW.TUMOTECH.COM