A respite from the robots (but a retraining emergency)
Leading economists are increasingly scaling back the most apocalyptic forecasts of job losses resulting from the new age of automation. In a major report, the Organization for Economic Cooperation and Development (OECD), the research and policy grouping of the world’s richest nations, says 10% of U.S. jobs are at high risk of vanishing to automation — much lower than most prior forecasts.
Why it matters: The benchmark for such scholarship is a landmark 2013 study by two Oxford University economists, who said automation could wipe out 47% of American jobs. So, to the degree the new report is a better reflection of the future, it's good news for American workers.