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A much less dramatic change, however one with a probably far bigger impact on employment, is taking place in clerical work and skilled companies. Applied sciences just like the Internet, artificial intelligence, huge knowledge, and improved analytics—all made possible by the ever rising availability of cheap computing energy and storage capability—are automating many routine duties. Numerous conventional white-collar jobs, equivalent to many in the post workplace and in customer support, have disappeared. W. Brian Arthur, a visiting researcher on the Xerox Palo Alto Research Center’s intelligence techniques lab and a former economics professor at Stanford College, calls it the autonomous economy.” It’s far extra subtle than the thought of robots and automation doing human jobs, he says: it includes digital processes speaking to other digital processes and creating new processes,” enabling us to do many things with fewer folks and making but other human jobs obsolete.
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