Once again the alarm bells are ringing. A new study by the McKinsey Global Institutes estimates that within 12 years, up to 800 million of today's workers may be replaced by robots or some other form of automation.
Other recent research reports on the impact of technology are even more disturbing. A survey by PriceWaterhouseCoopers, the professional services company, claims 38% of U.S. jobs are at high risk of being replaced by robots and artificial intelligence over the next 15 years.
But what if many experts are wrong?
Peter Cappelli, Director for Human Resources at the Wharton School is our guest in this episode. His research is both contrarian and eye-opening. Peter has been named one of the most influential thinkers of the decade by HR Magazine, and is the author of "Why Good People Can't Get Jobs."
In this episode, we discuss the paradox of the tax code, which gives incentives to companies to spend money on new technology INSTEAD of re-training workers. Peter also gives constructive insights into business culture and why it needs to change.