Mnuchin on robots taking US jobs: 'It's not even on our radar screen ... 50-100 more years' away

David Reid for CNBC:   Almost 4 in 10 U.S. jobs are at risk from being taken over by robots, according to the latest report from consultancy firm PwC.

The analysis released Friday suggested that 38 percent of U.S. jobs could be at high risk of automation by the early 2030s, higher than the U.K. (30 percent), Germany (35 percent) and Japan (21 percent).

The 15-year timeline does not appear to be shared by the U.S. Department of the Treasury, however. In comments made to Axios Media on Friday, U.S. Treasury Secretary Steven Mnuchin said he was not worried about the mass displacement of U.S. workers by robots and could be a century before a labor crisis eventuates.

"It's not even on our radar screen ... 50-100 more years," Mnuchin said.

He added that he was "not worried at all" about robots displacing humans in the near future.

"In fact I'm optimistic".  Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Midwest Motion Products, Inc. (MMP) - Leadership in Engineering

Midwest Motion Products, Inc. (MMP) - Leadership in Engineering

Midwest Motion Products, Inc. (MMP), is a well-established, healthy, & growing Family Owned Business, founded in 2001. MMP specializes in cost-effective standard DC Gearmotors, Motors, Controls, and ancillary equipment. Known world-wide for our "Lightning Fast" delivery capabilities, you can have a Standard Planetary or Right Angled DC Gearmotor BUILT and SHIPPED, often on the very same day you call. Offering Brushed and Brushless designs, with winding voltages ranging from 12 VDC to 120 VDC, we can deliver your "Robust & Reliable" samples within HOURS, instead of weeks, or even months.