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A new report by Citi looks at the financial tasks that will be delegated to AI — and the new ones that will crop up.
The stat, called labor share of national income, is being squeezed by globalization, declining union membership and automation.
In the past, technology has displaced jobs but the economy has continually created new ones. Some experts see greater losses this time.
In the early 20th century, thousands of young women worked as telephone switchboard operators. Automation changed that.
A new report from the McKinsey Global Institute says some will lose their jobs and low-wage workers are the most likely to be hit.
That’s meant automating some tasks once done by humans and thinking carefully about the humans they do hire.
Replacing face-to-face service interactions with automation could change American tipping culture.
For some who think artificial intelligence will rapidly transform society, saving for or staying in college feel pointless. So do 401(k)s.
Many worry that the industry’s growth has put the local environment and economy at risk.
Blake Moret, chairman and CEO of Rockwell Automation, says that the manufacturing sector remains strong despite a recent slowdown.