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Stagnation could result in unemployment


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By Lauren Weber, Wall Street Journal

It’s become conventional wisdom that many of today’s workers will see their jobs replaced or transformed by ever-smarter machines. Who needs bus drivers and truckers when self-driving vehicles take over the road — and what happens to the thousands of body-shop workers who won’t be needed to repair dents when the sensors in these new vehicles head off fender benders?

A recent paper from Oxford University suggested that 47 percent of U.S. jobs are at high risk of being computerized in the next few decades, with potentially frightening consequences for workers.

Such concerns have raised urgent questions about the skills individuals need to survive in the workforce of the future. Not only is technology displacing workers, as it has in every economic transformation, but it is changing so rapidly that workers and employers are finding themselves unable to keep up, a situation that creates the paradox of a skills gap amid high unemployment.

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