The received wisdom is that automation is stealing away jobs from humans—maybe quickly, maybe slowly, but stealing nonetheless. A new report attempts to provide a counter to that school of thought.
An analysis of 165 years of U.S. labor history by the Information Technology and Innovation Foundation—a think-tank supported by the tech industry—reveals that America isn't currently experiencing high levels of job churn (that is, the creation of new occupations and destruction of old ones). In fact, the results show the rate of churn is at a record low. ITIF argues that because labor disruption measured by that metric is small, technology isn't having as profound an effect on jobs as many people seem to think—and it won't in the future, either.
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