Driverless Cars Could Lead To Job Losses Of 300k A Year, But Fear Not The Robot Apocalypse: Goldman

The rise of artificial intelligence and robotics, and such things as autonomous autos and automatons, has given rise to fears of mass unemployment in the U.S. and across the globe that everyone will be out of jobs besides people like Mark Zuckerberg who will have us work as indentured servants on his click farms.

To consider if these concerns have any real basis, Goldman Sachs examined two key data – unemployment rates and productivity growth – and concluded that the fears are irrational, and any impact could be limited to retail and transportation.

“The technological advances of recent decades do not appear to have resulted in faster productivity growth or more intense disruption across occupations and industries, much less...