ABSTRACT. Research evidence suggests that automation and the creation of innovative tasks shape inequality, generating labor-displacing technological change and worldwide economic insecurity. Using and replicating data from Frey and Osborne (2013), McKinsey Global Institute, OECD PIAAC, Pew Research Center, PwC, Statista, U.S. Bureau of Labor Statistics, we performed analyses and made estimates regarding percentage of workers in each group who say that in 50 years robots and computers will do much of the work currently done by humans, percentage within each group who think their current jobs will definitely/probably exist in 50 years, probability of job automation by education, potential jobs at high risk of automation, and percentage of existing jobs at potential risk of automation.
JEL codes: E24; J21; J54; J64
Keywords: labor-displacing technological change; economic insecurity; automation
How to cite: Popescu, Gheorghe H., Irina Elena Petrescu, Oana Matilda Sabie, and Mihaela Mușat (2018). “Labor-Displacing Technological Change and Worldwide Economic Insecurity: How Automation and the Creation of Innovative Tasks Shape Inequality,” Psychosociological Issues in Human Resource Management 6(2): 80–85.
Received 4 June 2018 • Received in revised form 10 August 2018
Accepted 11 August 2018 • Available online 28 September 2018
doi:10.22381/PIHRM6220188