Will automation cause rising unemployment by 2020?

Follow |   105
Recruiting
  1. Welcome. First, let us explain the four tasks in each question. This button will later bring you to the wiki with some background information to the question. Now please click the blue arrow > to continue.
  2. This button will show you the exact judgement rule which specifies how the question will be settled and the winner determined. You must accept the rule to unlock trading.
  3. Clicking here will open the trading section where you can then buy and sell predictions using your virtual credits.
  4. The last button will bring you to the market talk section. Try to convince other traders of your predictions with a good argument.
  5. The better your predictions are compared to other traders, the higher will be your share of the incentive.
  1. Welcome! First, please click the “book” icon to jump to a question's information wiki.
  1. Great! Now please click here to check the exact judgement rule.
  1. Now, let’s do your first trade together. Please click here.
  1. Last task: Now convince other traders of your answer to push its price.
  1. When finished, click here to proceed to the next question.
  2. Click here to return to the previous question.
  3. Click here to jump to any question directly.
  4. Continue to trade, talk, or rate before proceeding to the next question.
  • No questions for this search term
  1. This is how the question will be judged in the end, when the final outcome becomes known.
  2. This is the precise date or end of the period to which the question refers.
  3. After reading the judgement rule, please click here.
Close

§ Judgement rule

How will the final result of the question be determined?

The question will be judged by the OECD average employment rate of workers with an education level below upper secondary, as shown by the OECD Data report for 2020.
Reference date: Jan. 31, 2021, 24:00 UTC

Answer options

Widget Price
 Up to 54%
70.81 %
 54 - 56%
19.66 %
 56 - 57%
3.99 %
 57 - 58%
1.61 %
 58 - 59%
1.38 %
 59 - 61%
2.41 %
 More than 61%
0.11 %

Price trend

Transactions
  1. Study the background information carefully.
  2. Read the background information carefully, before proceeding.

Wiki article

Edit

Please predict ...

.. the future employment level of low-level education workers. A lower level could indicate an effect of automation, but obviously also be the result of other causes.

Automated production line - Copyright: Ramesh Pathania / MintAutomation and education of workers

Jobs that are routine, repetitive and predictable are most easily done by a machine, for example manual labour in manufacturing but also jobs in service sector such as telemarketing or cooking (fast food). [1]

Other jobs may change, leaving the menial tasks to machines. Humans must aquire new, higher-level skillsets for their upgraded jobs or risk unemployment. Therefore workers with a low level of education should be at a higher risk.

The Luddite Fallacy [2] states that technological advancement does not destroy jobs - it only changes the composition of jobs in the economy. New technologies create new jobs with higher-level skills and a general rise in income. However, some challenge the fallacy as knowledge jobs may now be subject to automation, too.

Employment rate of workers below second level education

Below is actual labour market data over the past twelve years for low-level education. It could point more to the financial cisis of 2007/2008 or to general economic performance as causes for such unemployment. In Germany, a generally improving labour market spilled over to low-level education workers.

Employment rate of under second level education workers - Copyright: OECD Data


Source: Employment by education level - Lowest level education, OECD Data [3].

Sources

[1] The Guardian - "What jobs will still be around in 20 years? Read this to prepare your future"

[2] Technostism Wikia - "Luddite Fallacy"

[3] OECD Data - "Employment by education level" for below upper secondary education.

  1. Offering the reason for your trade may convince other traders to follow your opinion.
  2. Click '+' if you agree, or '–' to disagree. You get a credit for every rating you make.
  3. For each '+' the author will get +100 credits added to his trading account .
  4. If you rate a comment with "-", please reply and state your objection.
  5. Now please rate, reply, or write your own comment. Best of luck!

Reasons and arguments Analyze

Question owner:
R. Bitrary
  • 4,972 Views
  • 59 Messages
  • 370 Transactions
This question has 105 followers