Citi and Oxford on automation

Citi and Oxford have a long report called Technology at Work v2.0: The Future Is not What It Used to Be. Among the worrisome statistics and over-the-top infographics: 77% of jobs in China at risk due to automation, compared to 47% in the U.S. 77% seems like a recipe for serious unrest. 47% is still half. Still, maybe these are existing jobs and there will be new jobs created. Like robot repairman, for example. Being the guy who owns the robots seems like a very good option, if you can pull it off. Another eye opening statistic they show is the payback period for investments in robots at 1-2 years in China right now.

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