How Technology Is Eliminating Higher-Skill Jobs
"The U.S. economy hit an important milestone last week: Gross domestic product, the sum of all goods and services produced in the country, returned to pre-recession levels. But the gains were made with millions fewer workers. Part of the reason is technology, as computers and machines continue to replace humans."
We used to think about machines taking over mundane jobs, like twisting a screw into a toaster on an assembly line over and over again. But more recently, technology is eliminating higher-skill jobs.
To talk about this, some of the nation's top technologists and economists came to Harvard and the Massachusetts Institute of Technology this week for a jobs conference called Race Against the Machine. There was a very impressive machine on hand: Watson, the powerful Jeopardy-playing computer built by IBM that recently beat the all-time human Jeopardy game show champion.