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Could you have bought your last-ever ‘traditional’ car? It seems unlikely, doesn’t it? But if you live in an advanced economy and have just bought a petrol car, it could well turn out to be your last one. If you’re young and haven’t bought one to date, perhaps you never will. Five years from now, […]
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Let’s continue our examination of robotics, begun here last week. Donald Trump wants to bring basic jobs back to America. He thinks assembly-line workers, coal-miners etc should be Americans. His grand idea seems to be that the jobs will come back by slapping tariffs on foreign products coming into the country. If only he’d ever […]
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This column periodically takes a look at the future of different industries. Over the past year or so we have peered at what lies ahead for the car and taxi industry, television, banking and insurance, amongst others. For the next two weeks, let’s consider an industry that’s going to play a considerable role in all […]
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Technology threatens to upend our assumptions about work, employment and income. Is this a real threat to society, or just hyperbole? First, the optimistic scenario. When I was a young man in an economics class many moons ago, I was introduced to the “lump of labour fallacy.” This is the idea that there is only […]
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You know that the employment landscape is undergoing fundamental upheavals, right? You appreciate that the advent of robotics and artificial intelligence is going to give automation a big push, I hope? You realise that some studies suggest nearly half of all today’s jobs could be lost to automation – yes? And that it won’t take […]
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