There’s an understandable concern that artificial intelligence and advanced robotics could threaten jobs. One report published last year suggested that four million jobs in the private sector could be taken by robots within the next decade. The projection was based on a poll carried out by YouGov for the Royal Society of Arts. It suggested that jobs in finance and accounting, transport and distribution, and in the media, marketing and advertising faced the greatest threat from the rise of the robot. But could this concern about technological development and its impact on jobs be overstated, as it is based on speculation and limited facts?
Could a robot tax protect jobs?
This 694 word blog post explores some of the issues around the threat to jobs from advanced robotics and how a ‘robot tax’ might work in practice, based on a new report from the Institute of Economic Affairs. Written on 11th May 2018.