Courtesy of Mish.
Fourth Industrial Revolution Coming
A new study on the "Future of Jobs" by the World Economic Forum at Davos claims a Fourth Industrial Revolution is Coming.
The Fourth Industrial Revolution includes developments artificial intelligence, robotics, nanotechnology, 3-D printing, genetics, and biotechnology.
Although no industrial revolution has ever destroyed jobs, the study concludes a net 5.1 million jobs will vanish in the world's 15 leading countries. Those countries account for roughly two-thirds of the global workforce.
The report is a 167 page PDF slog. Here are a couple of tables I created from the report data.
I understand the losses, at least part of them. But gains in financial operations?
Everything Rosy but Healthcare
Curiously, the following chart from the report makes everything look rosy except healthcare.
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