Jens Martin Skibsted Quotes

Most Americans agree that technology is going to eliminate many more jobs than it is going to create.

Musicians and journalists are the canaries in the coalmine, but, eventually, as computers get more and more powerful, it will kill off all middle-class professions.

The bottom line is that while automation is eliminating many jobs in the economy that were once done by people, there is no sign that the introduction of technologies in recent years is creating an equal number of well-paying jobs to compensate for those losses.

As algorithms push humans out of the job market, wealth and power might become concentrated in the hands of the tiny elite that owns the all-powerful algorithms, creating unprecedented social and political inequality. Alternatively, the algorithms might themselves become the owners.

What we can say with confidence is that the technological revolution is worsening inequality, due mostly to mechanisms that limit free markets. It is also bringing about disruptive change that is intensifying insecurity and may indeed lead to large-scale labor displacement.

We need to wake up to the fact that it is not immigrants who are causing economic dislocations. It is technology and an evolving economy that is pushing more and more Americans to the sidelines.

I'm afraid for all those who'll have the bread snatched from their mouths by these machines. What business has science and capitalism got, bringing all these new inventions into the works, before society has produced a generation educated up to using them!

Technology, outsourcing, a growing temp staffing industry, productivity efficiencies, have all replaced the middle class.

If you and your skills are a complement to the computer, your wage and labor market prospects are likely to be cheery. If your skills do not complement the computer, you may want to address that mismatch. Ever more people are starting to fall on one side of the divide or the other. That's why 'average is over.'

Displacement by technology has probably occurred since the invention of the shovel.

If our institutions can’t build consensus and respond to the demand of Americans for jobs today, how will we ever do it in a time when artificial intelligence and robotics kick in and five times that number of jobs disappear twice as fast?

Automation is going to cause unemployment, and we need to prepare for it.

Historically, industrial revolutions haven't been kind to poor people. Despite the potential benefits technology can offer, the immediate impact on the lowest-paid members of society has often been negative.

This is an anxiety driven world - the whole world is driven by anxiety. It is anxiety about the aftermath of the global financial crisis; it's anxiety about inequality and about computers replacing jobs.

What people are now realizing is that this formula that technology destroys jobs and creates jobs, even if it's basically true, it's too simplistic.

Sooner or later, the U.S. will face mounting job losses due to advances in automation, artificial intelligence, and robotics.

The impact of technology on labor has become clearer and clearer by the day.

There is a fear of innovation because people are afraid of job loss.

I see three forces militating in favor of growing inequality: increasing measurement of worker value added, automation through smart software, and globalization.

If you look at it from just a pure economic basis, technology is replacing all of the jobs robots can do, and machinery is replacing the jobs that humans once held. If we don't train our children to imagine, to create, they're going to be unemployable.

Technology has always been destroying jobs, and it has always been creating jobs.

Remember travel agents? Remember how they just kind of vanished one day? Well, that's where all the other jobs that once made us middle class are going, to that same magical, class-killing, job-sucking wormhole into which travel agency jobs vanished, never to return.

The introduction of machinery is turning into idleness thousands, faster than new industries are founded

Only in a minority of cases will workmen be able to recognize the technological change responsible for their dismissal. For this it would be necessary that machines be introduced in an existent plant under the eyes of the workmen and that dismissal be effected immediately after.

Elon Musk is worried about AI apocalypse, but I am worried about people losing their jobs. The society will have to adapt to a situation where people learn throughout their lives depending on the skills needed in the marketplace.