The Hidden Automation Agenda of the Davos Elite

“In Davos, executives tend to speak about automation as a natural phenomenon over which they have no control, like hurricanes or heat waves. They claim that if they don’t automate jobs as quickly as possible, their competitors will.

“They will be disrupted if they don’t,” said Katy George, a senior partner at the consulting firm McKinsey & Company.

Automating work is a choice, of course, one made harder by the demands of shareholders, but it is still a choice. And even if some degree of unemployment caused by automation is inevitable, these executives can choose how the gains from automation and A.I. are distributed, and whether to give the excess profits they reap as a result to workers, or hoard it for themselves and their shareholders.”

The Hidden Automation Agenda of the Davos Elite
https://www.nytimes.com/2019/01/25/technology/automation-davos-world-economic-forum.html
via Instapaper