Mnuchin on robots taking US jobs: 'It's not even on our radar screen ... 50-100 more years' away

David Reid for CNBC:   Almost 4 in 10 U.S. jobs are at risk from being taken over by robots, according to the latest report from consultancy firm PwC.

The analysis released Friday suggested that 38 percent of U.S. jobs could be at high risk of automation by the early 2030s, higher than the U.K. (30 percent), Germany (35 percent) and Japan (21 percent).

The 15-year timeline does not appear to be shared by the U.S. Department of the Treasury, however. In comments made to Axios Media on Friday, U.S. Treasury Secretary Steven Mnuchin said he was not worried about the mass displacement of U.S. workers by robots and could be a century before a labor crisis eventuates.

"It's not even on our radar screen ... 50-100 more years," Mnuchin said.

He added that he was "not worried at all" about robots displacing humans in the near future.

"In fact I'm optimistic".  Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Thermal Seal Inspection for Improved Quality and Efficiency

Thermal Seal Inspection for Improved Quality and Efficiency

MoviTHERM's Thermal Seal Inspection (TSI) solution provides precise and reliable detection of defects in a variety of packaging types, including pouches, bags, blister packs, bottle caps, and more. By detecting defects in your packages, the TSI solution helps increase efficiency in your production line and ensures top-quality packaging is delivered to your customers every time. With state-of-the-art technology and an experienced team, MoviTHERM is dedicated to delivering accurate inspection solutions and peace of mind to its clients. Contact MoviTHERM today to learn more about their thermal seal inspection solution.