What Coronavirus Means For Automation And The Future Of Jobs

  • 🎬 Video
  • ℹ️ Description
  • UCvJJ_dzjViJCoLf5uKUTwoA
What Coronavirus Means For Automation And The Future Of Jobs 4.5
UCvJJ_dzjViJCoLf5uKUTwoA

From burger-flipping machines to car-building robots—not to mention high-powered software taking on more and more administrative tasks—it seems like hundreds of skills are rapidly becoming obsolete in the U.S. economy. A recent McKinsey study found that AI and Deep Learning could add as much as $3.5 trillion to $5.8 trillion in annual value for companies. The economic shock of the coronavirus pandemic hasn’t helped. In fact, Covid-19 could be accelerating the pace of automation.

CORRECTION This video misstated Marcus Casey’s title. He's an associate professor of economics at the University of Illinois at Chicago.


About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online

#CNBC

What Coronavirus Means For Automation And The Future Of Jobs

💬 Comments
Author

Andrew Yang laughing in the background...

Author — Seoul Glo

Author

This is why I was hoping to see Andrew Yang to become the Democratic runner since Universal Basic Income might become inevitable as A.I. continues to grow.

Author — Gabriel Jordan

Author

This started back in the late 80's early 90's... the jobs that couldn't be automated at the time was shipped over seas.

Author — Brad Ferguson

Author

Andrew Yang was right, this is why we need UBI, he was the only politician who was thinking years ahead and planned for something like this. Too bad you guys refused to give him any media attention.

Author — Corey Hulse

Author

Gonna' be a lot of unemployed folks in the near

Author — Nerdy Gamerguy

Author

Machines can't get viruses.

_Russian hacker entered the chat._

Author — Thompter S. Hunson

Author

If civilians don’t have money whose gonna buy their stuff 😂

Author — Jak Dexter

Author

I guess we'll have to protect everyone with the last name Conner.

Author — Comrade Moist Nugget #0101

Author

Yang after Biden’s term. We need a visionary as a leader.

Author — Greg Helton

Author

Every year walmart reily best buy
Reducing their staff
Thanks to Amazon and boing
And Big gaint tech companies

Author — Ranveer singh Sangha

Author

Andrew Yang should've been the Democratic candidate. But people are stupid and never pick the guy who makes the most sense.

Author — Indeed48

Author

“Automation will accelerate the already widening economic inequality around the world, " -Stephen Hawking

Author — They Live

Author

You can eliminate all of that but, who's going to have enough money to buy your crap?

Author — 1Blastarr

Author

Hmmm seems like Yang was running on some pretty great policies.

Author — jeebs621

Author

Robots don't get viruses

Windows Computers: 😳

Author — R R

Author

Time for UBI, no other foundational solution to address the displacement of jobs from automation.

Author — pfasse1

Author

The rise of the Computer Scientists & Engineers MWAHAHAHA!

“Most people don't believe something can happen until it already has. That's not stupidity or weakness, that's just human nature.”
- Max Brooks

Author — Silas Dietrich

Author

When Yang said it, everyone shrugged and didn't care.
Guessed Coronavirus proved the skeptics wrong.

Author — William Zhang

Author

simple fact, the fewer jobs there are for people, THE FEWER JOBS THERE ARE. You think companies are going to hire 5 IT specialists for each AI machine, NO because the machine will have another machine for that. We going to rely on corporations to do the right thing? Those vampires cant wait to put us away. If today they could replace anyone in their company with an AI machine for 5 years worth of your wages, you would have a pink slip tomorrow.

Author — Titan_363

Author

The reporter has mixed up automations ubi with the checks given during the pandemic.
UBI is an economic phylosophy, checks during a pandemic are an economic and vital necessity.

Author — Keybraker