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The pace of innovation is accelerating, says bank

Patrick Thibodeau | Nov. 6, 2015
But the impact on jobs is a question mark.

Integrating drone systems has potential to create 100,000 jobs by 2025, with about third high-paying. Advanced robotics will take manufacturing jobs, but the robot industry has also created upward of 10 million jobs, globally.

The rapid pace of automation may hurt U.S. labor job growth forecast in many occupations because of automation. Knowledge workers are at risk as well. Having a job that requires complex analysis and subtle judgements is no guarantee of job security. But there will be "increasing premium for jobs that require social intelligence, creativity and complex problem solving," the Bank of America Merrill Lynch study said.

 

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