White Collar Job Loss to Tech Innovation

Professor Richard Baldwin has been researching Globalization for over 30 years. Without question, he has access to the latest information about how technology is impacting jobs and how its continued development is very likely to do so in future, near and far. Mr. Baldwin has published a new book entitled The Globotics Upheaval which gives his unique and well-researched perspective on the future of work and the jobs that will be impacted. The picture for many workers in the US is not pretty. What is somewhat unique to us is how he quickly points out that many future job losses to technological innovation will impact white-collar office jobs, not just low skill jobs.

The Wharton School of Business had Professor Baldwin on a recent podcast and provided both access to same as well as a limited transcript of parts of the interview, entitled How Globalization and Robotics Speed Up Job Losses

In the interview Professor Baldwin brings up the concept of improved digital technology leading to white collar jobs being lost to far less expensive foreign workers like tele-migrants or international freelancers who can leverage remote work capabilities.We agree that employers will seek out cost savings and move work around, which will cost American jobs.

The interview also contained an ominous warning that “It is a serious possibility that the displacement will happen very fast. .

We agree.

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