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THE FUTURE OF EMPLOYMENT: HOW SUSCEPTIBLE ARE …
THE FUTURE OF employment : HOWSUSCEPTIBLE ARE JOBS TOCOMPUTERISATION? Carl Benedikt Frey and Michael A. Osborne September 17, examine how SUSCEPTIBLE jobs are to computerisation. To as-sess this, we begin by implementing a novel methodology to estimatethe probability of computerisation for 702 detailed occupations, using aGaussian process classifier. Based on these estimates, we examine ex-pected impacts of FUTURE computerisation onUSlabour market outcomes,with the primary objective of analysing the number of jobs atrisk andthe relationship between an occupation s probability of computerisation,wages and educational attainment. According to our estimates, about 47percent of totalUSemployment is at risk. We further provide evidencethat wages and educational attainment exhibit a strong negative relation-ship with an occupation s probability of :Occupational Choice, Technological Change, Wage Inequal-ity, employment , Skill DemandJELC lassification:E24, J24, J31, J62, O33.
high, Master Lee. Consider thou what the invention could do to my poor sub-jects. It would assuredly bring to them ruin by depriving them of employment, thus making them beggars” (cited in Acemoglu and Robinson, 2012, p. 182f). Mostlikely the Queen’s concern was a manifestationof the hosiers’ guildsfear
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