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Mnuchin "Not Worried" About Robotization Of America's Workforce Despite Shocking New Report

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Treasury Secretary Steven Mnuchin said Friday that he wasn’t worried about artificial intelligence taking over American jobs. However, on the same day, a new report by PwC showed that more than a third of U. S. jobs could be at « high risk »…
Treasury Secretary Steven Mnuchin said Friday that he wasn’t worried about artificial intelligence taking over American jobs. However, on the same day, a new report by PwC showed that more than a third of U. S. jobs could be at « high risk » of automation by the early 2030s, a percentage that’s greater than in Britain, Germany and Japan.
It said that in the U. S., 38% of jobs could be at risk of automation, compared with 30% in Britain, 35% in Germany and 21% in Japan.
As The LA Times reports, the analysis emphasized that its estimates are based on the anticipated capabilities of robotics and artificial intelligence, and that the pace and direction of technological progress are « uncertain.  »
The main reason is not that the U. S. has more jobs in sectors that are universally ripe for automation, the report says; rather, it’s that more U. S. jobs in certain sectors are potentially vulnerable than, say, British jobs in the same sectors.
For example, the report says the financial and insurance sector has much higher possibility of automation in the U. S. than in Britain. That’s because, it says, American finance workers are less educated than British ones.

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