Market Watch
May 15, 2018
One third of able-bodied American men between 25 and 54 could be out of job by 2050, contends the author of “The Future of Work: Robots, AI and Automation.”
“We’re already at 12% of prime-aged men without jobs,” said Darrell West, vice president of the Brookings Institution think tank, at a forum in Washington, D.C. on Monday. That number has grown steadily over the past 60 years, but it could triple in the next 30 years because of new technology such as artificial intelligence and automation.
It could be even worse for some parts of the population, West argued. The rate for unemployment of young male African Americans, for instance, is likely to reach 50% by 2050.
“That, my friends, is a catastrophe,” West said.
This article was posted: Tuesday, May 15, 2018 at 7:28 am
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