Rich People, Robots: Are we Effed?

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mikechamp
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Re: Rich People, Robots: Are we Effed?

Post by mikechamp »

While this article is really about the disappearance of "entry-level jobs", it does partially attribute the lack of entry-level jobs to automation:

P.S. Mods, if there is a jobs thread where this would be better placed, please move it.

Why inexperienced workers can't get entry-level jobs

As anyone who’s graduated from university or applied for their first job in recent years can attest to, something new – and alarming – has happened to entry-level jobs: they’ve disappeared.

A recent analysis of close to 4 million jobs posted on LinkedIn since late 2017 showed that 35% of postings for “entry-level” positions asked for years of prior relevant work experience. That requirement was even more common in certain industries. More than 60% of listings for entry-level software and IT Services jobs, for instance, required three or more years of experience. In short, it seems entry-level jobs aren’t for people just entering the workforce at all.

And while that first job is harder than ever to get, it’s also more important than ever, says Alan Seals, an associate professor of economics at Auburn University, US. It may be the bottom-most rung on the employment ladder, but a worker’s first position sets the tone for their career. “The most important time in your career is the first three years,” he says. “The quality of your first employer really matters. So, how do you get that first job?”

The simple answer is workers need something more than motivation or a college degree to enter the workforce now, whether it’s lots of internships, or the connections to get around a complex application process without an algorithm weeding them out. But not everybody has access to those advantages, and the result is that workers are being left behind.

https://www.bbc.com/worklife/article/20 ... level-jobs

Jocephus
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Re: Rich People, Robots: Are we Effed?

Post by Jocephus »

if only
CEOs are hugely expensive – why not automate them?

If a single role is as expensive as thousands of workers, it is surely the prime candidate for robot-induced redundancy.
https://www.newstatesman.com/business/c ... omate-them

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Popeye_Card
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Re: Rich People, Robots: Are we Effed?

Post by Popeye_Card »

CEO may be a tough one, but I think a sophomore computer science major could replicate most hedge fund managers.

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