More and more news headlines and opinion pieces predict the end of jobs and the end of capitalism as we know it. The logic is simple: technology destroys more jobs than it creates. Automation is rapidly becoming cheaper and better than the labor of both blue and white collar workers, which therefore will be replaced by industrial robots and computer programs.
Each day, Wall Street produces millions of words encouraging investors to buy or sell stocks, bonds and mutual funds. In the future, more of those words might not be written by humans, warns The Wall Street Journal in a provocative article titled “Can You Tell the Difference Between a Robot and a Stock Analyst?“
Thanks to a new website, the business of hacking is expanding its reach beyond the FBI, CIA, NSA, criminals, hacktivists and the likes and moving into the hands of everyday citizens. Hacker’s List is a website that matches hackers with people looking for services like gaining access to Facebook and email accounts, gaining access to a company’s database, app hacks, adjusting grades and more.
Many compare the Hacker’s List to websites like Craiglist, but a more accurate comparison would be to websites like Elance, Fiverr or ODesk. Users can post the hacking job and hackers bid on the project. Money is held in escrow and released after the job has been marked as completed.
Lots of white collar jobs are threatened by the rise of robots and Artificial Intelligence (AI), the Australian Financial Review reports. As many as half a million accountants, supermarket cashiers, secretaries, typists and bank tellers in what are largely white-collar jobs are threatened by automation, Australian Department of Industry modelling shows.
The report finds that occupations most at risk of computerization are those that involve routine tasks, such as bank tellers, clerks, bookkeepers and even highly qualified roles such as pharmacists – 78.6 per cent of whom have at least a bachelor’s degree.
The findings, published on Wednesday in the inaugural [...]