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Artificial intelligence jeopardises employment

Do millennials face economic uncertainty in the future? As employment increasing become more automated, McKinsey & Company (Global management consultants) predicts that, “60% of all work activities could be automated by 2055”. As far back as the 16th century, mechanisation was introduced in the form of looms, that were used to weave the material used for stockings and rugs. However, Queen Elizabeth I, was very reluctant to encourage this industry as she felt that “stocking knitters” would become redundant in this field. By the 19th century, textile workers were facing life changing inventions, as the Industrial Revolution became the catalyst to transform economies based on steam-powered machines.

Artificial intelligence, jeopardises employment

Artificial intelligence, jeopardises employment
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