Friday, April 7, 2017

We're missing the point about the robotization of America's workforce

Click here to access article by economist David Ruccio from Democracy at Work for Economic Justice.

Ruccio sees major problems ahead for the system due to an accelerated introduction of robots. 
Treasury Secretary Steve Mnuchin may not be worried. Nor, it seems, are other members of the economic and political elite. But the rest of us are—or we should be.

The robots are here and they’re rapidly replacing workers, thus leading to less employment, downward pressure on wages, and even more inequality.