It turns out robots aren’t going to take our jobs. Rather, the impending technological advancements will spark a plethora of new employment opportunities.

A report from Deloitte that looked back through the census results in England and Wales for the past 140 years found that, far from doing away with the labour force, the rise of machines has proved a job creator.

Entitled ‘Technology and people: The great job-creating machine’, economists Ian Stewart, Debapratim De, Alex Cole found that areas like hairdressing and bar work have seen “fourfold” rises in staff on the back of increased spending power.

This spending power is due to the rise in machines, leading a nice circuit back to a positive conclusion: technology is good for us.

Read more here. 

Source: www.siliconrepublic.com