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Robots Will Steal Your Job #9: Unemployment Tomorrow

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Manage episode 228302453 series 2480567
Content provided by The Nexus TV. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Nexus TV or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Many argue that as new technologies eliminate jobs, they create new jobs. This chapter analyzes why that is an unlikely outcome with automation this widespread.

Chapter Index

00:00 | Intro
00:25 | Chapter Begins
23:19 | Outro

Figures

Figure 1.1: Americans not in the labour force, by age, as of 2011.
Figure 1.1: Americans not in the labour force, by age, as of 2011. Image courtesy of CNN, data comes from the US Bureau Labor of Statistics.

Tables


Year Total Population Employed
2000 281,421,000 136,891,000 (48.6%)
2010 308,745,000 139,064,000 (45.0%)

Table 1.1: Total US workforce in between 2000 and 2010.


Occupation

Number of workers

Percentage of workers%

Driver/sales workers, bus and truck drivers

3,628,000

2.61%

Retail salespersons

3,286,000

2.36%

First-line supervisors/managers of retail sales workers

3,132,000

2.25%

Cashiers

3,109,000

2.24%

Secretaries and administrative assistants

3,082,000

2.22%

Managers, all other

2,898,000

2.08%

Sales representatives, wholesale, manufacturing, real estate, insurance, advertising

2,865,000

2.06%

Registered nurses

2,843,000

2.04%

Elementary and middle school teachers

2,813,000

2.02%

Janitors and building cleaners

2,186,000

1.57%

Waiters and waitresses

2,067,000

1.49%

Cooks

1,951,000

1.40%

Nursing, psychiatric, and home health aides

1,928,000

1.39%

Customer service representatives

1,896,000

1.36%

Laborers and freight, stock, and material movers

1,700,000

1.22%

Accountants and auditors

1,646,000

1.18%

First-line supervisors/managers of office and administrative support workers

1,507,000

1.08%

Chief executives

1,505,000

1.08%

Stock clerks and order fillers

1,456,000

1.05%

Maids and housekeeping cleaners

1,407,000

1.01%

Postsecondary teachers

1,300,000

0.93%

Bookkeeping, accounting, and auditing clerks

1,297,000

0.93%

Receptionists and information clerks

1,281,000

0.92%

Construction laborers

1,267,000

0.91%

Child care workers

1,247,000

0.90%

Carpenters

1,242,000

0.89%

Secondary school teachers

1,221,000

0.88%

Grounds maintenance workers

1,195,000

0.86%

Financial managers

1,141,000

0.82%

First-line supervisors/managers of non-retail sales workers

1,131,000

0.81%

Construction managers

1,083,000

0.78%

Lawyers

1,040,000

0.75%

Computer software engineers

1,026,000

0.74%

General and operations managers

1,007,000

0.72%

Total of Occupations Listed Above

63,383,000

45.58%

All Other Occupations

75,681,000

54.42%

Total Employment

139,064,000

100.00%

Table 1.2: Number of jobs per occupation with at least 1 million workers in the US.

Company Employees Revenue per employee
McDonald’s (1940) 400,000 $60,000
Walmart (1962) 2,100,000 $200,000
Intel (1968) 100,000 $540,000
Microsoft (1975) 90,000 $767,000
Google (1998) 32,000 $1,170,000
Facebook (2004) 3,000 $1,423,000

Table 1.3: List of multi billion-dollar companies over time and their revenue per employee.

References

  1. Employed persons by detailed occupation, sex, race, and Hispanic or Latino ethnicity. Bureau of Labor Statistics.
    ftp://ftp.bls.gov/pub/special.requests/lf/aat11.txt
  2. Employment Situation Summary. Bureau of Labor Statistics.
    http://www.bls.gov/news.release/empsit.nr0.htm
  3. Employment status of the civilian noninstitutional population, 1940 to date. Bureau of Labor Statistics.
    ftp://ftp.bls.gov/pub/special.requests/lf/aat1.txt
  4. Eurozone Unemployment Hits 10.9%, A Record High, 2012. Huffington post.
    http://www.huffingtonpost.com/2012/05/02/eurozone-unemployment-hits-record-high_n_1470237.html
  5. The 86 million invisible unemployed, Annalyn Censky, 2012. CNNMoney.
    http://money.cnn.com/2012/05/03/news/economy/unemployment-rate/index.htm
  6. Ken Robinson says schools kill creativity. Ken Robinson, 2006. TED Global.
    http://www.ted.com/talks/ken_robinson_says_schools_kill_creativity.html
  7. Sir Ken Robinson: Bring on the learning revolution!, Ken Robinson, 2010. TED Global.
    http://www.ted.com/talks/sir_ken_robinson_bring_on_the_revolution.html
  8. I obviously do not think people are “excess baggage”, quite the opposite. But in the eyes of a multinational corporation inefficient workers mean loss of profit, and this is what they ultimately mean to them. Very few enlightened companies value people over profits.
  9. Facebook faces EU curbs on selling users’ interests to advertisers, Jason Lewis, 2011. The Telegraph.
    http://www.telegraph.co.uk/technology/facebook/8917836/Facebook-faces-EU-curbs-on-selling-users-interests-to-advertisers.html
  10. Does Facebook sell my information?. Facebook.
    https://www.facebook.com/help/?faq=152637448140583
  11. Albert Einstein quotes. ThinkExist.
    http://thinkexist.com/quotation/if_you_can-t_explain_it_simply-you_don-t/186838.html
  12. Neuroplasticity refers to the susceptibility to physiological changes of the nervous system, due to changes in behaviour, environment, neural processes, or parts of the body other than the nervous system. It occurs on a variety of levels, ranging from cellular changes due to learning, to large-scale changes involved in cortical remapping in response to injury. The role of neuroplasticity is widely recognised in healthy development, learning, memory, and recovery from brain damage. Recent findings revealing that many aspects of the brain remain plastic even into adulthood.
  • Pascual-Leone, A., Freitas, C., Oberman, L., Horvath, J. C., Halko, M., Eldaief, M. et al. (2011). Characterizing brain cortical plasticity and network dynamics across the age-span in health and disease with TMS-EEG and TMS-fMRI. Brain Topography, 24, 302-315.
  • Pascual-Leone, A., Amedi, A., Fregni, F., & Merabet, L. B. (2005). The plastic human brain cortex. Annual Review of Neuroscience, 28, 377-401.
  • Rakic, P. (January 2002). Neurogenesis in adult primate neocortex: an evaluation of the evidence. Nature Reviews Neuroscience.

Attributions

Copyright

The Robots Will Steal Your Job, But That’s OK Audiobook is released under a Creative Commons — Attribution-NonCommercial-ShareAlike 3.0 Unported license. Feel free to use any or all of it as long as you link back to https://thenexus.tv/rsj9, you do not use it for commercial purposes, and you release any derivative works under the same license.

  continue reading

20 episodes

Artwork
iconShare
 
Manage episode 228302453 series 2480567
Content provided by The Nexus TV. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Nexus TV or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Many argue that as new technologies eliminate jobs, they create new jobs. This chapter analyzes why that is an unlikely outcome with automation this widespread.

Chapter Index

00:00 | Intro
00:25 | Chapter Begins
23:19 | Outro

Figures

Figure 1.1: Americans not in the labour force, by age, as of 2011.
Figure 1.1: Americans not in the labour force, by age, as of 2011. Image courtesy of CNN, data comes from the US Bureau Labor of Statistics.

Tables


Year Total Population Employed
2000 281,421,000 136,891,000 (48.6%)
2010 308,745,000 139,064,000 (45.0%)

Table 1.1: Total US workforce in between 2000 and 2010.


Occupation

Number of workers

Percentage of workers%

Driver/sales workers, bus and truck drivers

3,628,000

2.61%

Retail salespersons

3,286,000

2.36%

First-line supervisors/managers of retail sales workers

3,132,000

2.25%

Cashiers

3,109,000

2.24%

Secretaries and administrative assistants

3,082,000

2.22%

Managers, all other

2,898,000

2.08%

Sales representatives, wholesale, manufacturing, real estate, insurance, advertising

2,865,000

2.06%

Registered nurses

2,843,000

2.04%

Elementary and middle school teachers

2,813,000

2.02%

Janitors and building cleaners

2,186,000

1.57%

Waiters and waitresses

2,067,000

1.49%

Cooks

1,951,000

1.40%

Nursing, psychiatric, and home health aides

1,928,000

1.39%

Customer service representatives

1,896,000

1.36%

Laborers and freight, stock, and material movers

1,700,000

1.22%

Accountants and auditors

1,646,000

1.18%

First-line supervisors/managers of office and administrative support workers

1,507,000

1.08%

Chief executives

1,505,000

1.08%

Stock clerks and order fillers

1,456,000

1.05%

Maids and housekeeping cleaners

1,407,000

1.01%

Postsecondary teachers

1,300,000

0.93%

Bookkeeping, accounting, and auditing clerks

1,297,000

0.93%

Receptionists and information clerks

1,281,000

0.92%

Construction laborers

1,267,000

0.91%

Child care workers

1,247,000

0.90%

Carpenters

1,242,000

0.89%

Secondary school teachers

1,221,000

0.88%

Grounds maintenance workers

1,195,000

0.86%

Financial managers

1,141,000

0.82%

First-line supervisors/managers of non-retail sales workers

1,131,000

0.81%

Construction managers

1,083,000

0.78%

Lawyers

1,040,000

0.75%

Computer software engineers

1,026,000

0.74%

General and operations managers

1,007,000

0.72%

Total of Occupations Listed Above

63,383,000

45.58%

All Other Occupations

75,681,000

54.42%

Total Employment

139,064,000

100.00%

Table 1.2: Number of jobs per occupation with at least 1 million workers in the US.

Company Employees Revenue per employee
McDonald’s (1940) 400,000 $60,000
Walmart (1962) 2,100,000 $200,000
Intel (1968) 100,000 $540,000
Microsoft (1975) 90,000 $767,000
Google (1998) 32,000 $1,170,000
Facebook (2004) 3,000 $1,423,000

Table 1.3: List of multi billion-dollar companies over time and their revenue per employee.

References

  1. Employed persons by detailed occupation, sex, race, and Hispanic or Latino ethnicity. Bureau of Labor Statistics.
    ftp://ftp.bls.gov/pub/special.requests/lf/aat11.txt
  2. Employment Situation Summary. Bureau of Labor Statistics.
    http://www.bls.gov/news.release/empsit.nr0.htm
  3. Employment status of the civilian noninstitutional population, 1940 to date. Bureau of Labor Statistics.
    ftp://ftp.bls.gov/pub/special.requests/lf/aat1.txt
  4. Eurozone Unemployment Hits 10.9%, A Record High, 2012. Huffington post.
    http://www.huffingtonpost.com/2012/05/02/eurozone-unemployment-hits-record-high_n_1470237.html
  5. The 86 million invisible unemployed, Annalyn Censky, 2012. CNNMoney.
    http://money.cnn.com/2012/05/03/news/economy/unemployment-rate/index.htm
  6. Ken Robinson says schools kill creativity. Ken Robinson, 2006. TED Global.
    http://www.ted.com/talks/ken_robinson_says_schools_kill_creativity.html
  7. Sir Ken Robinson: Bring on the learning revolution!, Ken Robinson, 2010. TED Global.
    http://www.ted.com/talks/sir_ken_robinson_bring_on_the_revolution.html
  8. I obviously do not think people are “excess baggage”, quite the opposite. But in the eyes of a multinational corporation inefficient workers mean loss of profit, and this is what they ultimately mean to them. Very few enlightened companies value people over profits.
  9. Facebook faces EU curbs on selling users’ interests to advertisers, Jason Lewis, 2011. The Telegraph.
    http://www.telegraph.co.uk/technology/facebook/8917836/Facebook-faces-EU-curbs-on-selling-users-interests-to-advertisers.html
  10. Does Facebook sell my information?. Facebook.
    https://www.facebook.com/help/?faq=152637448140583
  11. Albert Einstein quotes. ThinkExist.
    http://thinkexist.com/quotation/if_you_can-t_explain_it_simply-you_don-t/186838.html
  12. Neuroplasticity refers to the susceptibility to physiological changes of the nervous system, due to changes in behaviour, environment, neural processes, or parts of the body other than the nervous system. It occurs on a variety of levels, ranging from cellular changes due to learning, to large-scale changes involved in cortical remapping in response to injury. The role of neuroplasticity is widely recognised in healthy development, learning, memory, and recovery from brain damage. Recent findings revealing that many aspects of the brain remain plastic even into adulthood.
  • Pascual-Leone, A., Freitas, C., Oberman, L., Horvath, J. C., Halko, M., Eldaief, M. et al. (2011). Characterizing brain cortical plasticity and network dynamics across the age-span in health and disease with TMS-EEG and TMS-fMRI. Brain Topography, 24, 302-315.
  • Pascual-Leone, A., Amedi, A., Fregni, F., & Merabet, L. B. (2005). The plastic human brain cortex. Annual Review of Neuroscience, 28, 377-401.
  • Rakic, P. (January 2002). Neurogenesis in adult primate neocortex: an evaluation of the evidence. Nature Reviews Neuroscience.

Attributions

Copyright

The Robots Will Steal Your Job, But That’s OK Audiobook is released under a Creative Commons — Attribution-NonCommercial-ShareAlike 3.0 Unported license. Feel free to use any or all of it as long as you link back to https://thenexus.tv/rsj9, you do not use it for commercial purposes, and you release any derivative works under the same license.

  continue reading

20 episodes

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