Following is an excerpt from The Dying Institutions of Western Civilization
By Paul Craig Roberts, paulcraigroberts.org
August 31, 2015
Several recent studies conclude that robots are going to displace millions of human workers. An Oxford University study found that 47 percent of jobs are at risk. Another study concludes that one third of all jobs will be lost to robots during the next 10 years. Some claim that the net job loss will not be so large, because new jobs will be created in order to repair the robots, at least until robots learn to do this also.
Perhaps you remember the claims by economists Matthew Slaughter, Michael Porter, and other shills for jobs offshoring that moving American jobs offshore would create better and more jobs in the US. After many years I am still watching for any sign of these promised new jobs.
Despite promises to the contrary, the US economy has been halted in its tracks by jobs offshoring. US corporations have moved middle class manufacturing jobs abroad. The high speed Internet has made it possible for tradable professional skills, such as software engineering, information technology, research, design, and scan interpretations by medical doctors, to be performed offshore. This enormous giveaway of American middle class jobs and GDP to foreign countries has left the domestic economy with non-tradable service jobs.
Robotics is now attacking the remaining domestic service jobs. Robots are becoming sales assistants, providing room service to hotel guests, filling orders at delis, providing medical diagnosis [and surgery], cooking and serving meals, and becoming incorporated into smart household appliances that reduce the need for electrical and repair services. All of us are familiar with customer service robots. We encounter them whenever we telephone about a bank or credit card statement or utility bill.