Treasury Secretary Steven Mnuchin talks March 9 before a meeting with leaders from small community banks in the Roosevelt Room at the White House. But for Treasury Secretary Steven Mnuchin, the artificial intelligence revolution and its impact on the U.S. workforce is “not even on our radar screen.” In an interview with Axios, Mnuchin predicted the technology was still 50 to 100 years from displacing human jobs. That actual impact may depend, the report stated, on whether new jobs are created as quickly as old jobs become obsolete. Its conclusion: Millions of jobs could be displaced, particularly those filled by less-educated workers, and the country’s economic divide could widen. Those jobs are expected to dissipate as automakers and tech companies develop sophisticated technology over the next decade that makes human drivers unnecessary.

Source: Washington Post March 24, 2017 20:03 UTC