Technology is bringing profound, unstoppable change to society. It is vital that government faces this – and comes up with a new industrial strategyGeorge Osborne is expected to announce in his budget next week that driverless lorries will be tested on UK roads. By doing so he will herald the arrival of a new era of automation that will own a dramatic effect on the job prospects of many millions of British workers.
The Bank of America recently claimed that automated systems will be doing nearly half of all manufacturing jobs within a generation – saving an astonishing $9tn in labour costs. The effects of this technological shift will be as profound and far-reaching as those of the first industrial revolution.
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Source: theguardian.com