Robots, AI, and Automation with Darrell West

Robots, AI, and Automation with Darrell West

Robots, AI, and Automation with Darrell West

Jill on Money with Jill Schlesinger - July 26, 2018 - 29:19

The robots are coming, the robots are coming!! Okay, so maybe we’re not yet living in a world that looks like the movie Terminator, but it’s safe to say that changes are coming to the workforce as we know it. Robots, artificial intelligence, and driverless cars are no longer things of the distant future. They are with us today and will become increasingly common in coming years, along with virtual reality and digital personal assistants. That’s what we’re talking about today with Darrell West, a decades-long connection of mine who is vice president and director of Governance Studies and the founding director of the Center for Technology Innovation at the Brookings Institution. In his latest book, The Future of Work: Robots, AI, and Automation, West explores the current state of the workplace, how technological innovation will disrupt it and why government policy needs to change to help workers adapt to it. If companies need fewer workers due to automation and robotics, what happens to those who once held those jobs and don't have the skills for new jobs? And since many benefits are delivered through employers, how are people outside the workforce for a lengthy period of time going to earn a living and get health care and social benefits? Throughout the pages of this book, West argues that society needs to rethink the concept of jobs, reconfigure the social contract, move toward a system of lifetime learning, and develop a new kind of politics that can deal with economic dislocations. West presents a number of proposals to help people deal with the transition from an industrial to a digital economy: Broaden the concept of employment to include volunteering and parenting and pay greater attention to the opportunities for leisure timeWorkers will need help throughout their lifetimes to acquire new skills and develop new job capabilitiesPolitical reforms will be necessary to reduce polarization and restore civility so there can be open and healthy debate about where responsibility lies for economic well-beingIt’s a fascinating read about what faces us in the days ahead...a discussion that should take place sooner rather than later. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in Apple Podcasts. "Better Off" theme music is by Joel Goodman, Connect with me at these places for all my content:

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Host Jill Schlesinger, CFP®, tackles sometimes uncomfortable and even controversial money and investing issues, without the financial jargon, to get to the heart of what’s important for anyone to know. Jill takes listener phone calls and interviews informative and entertaining guests each week to uncover surprising insights and provide actionable information so you can make the most of your money. Have a question? Email us at askjill at jillonmoney dot com.

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Jill Schlesinger
Jill Schlesinger