In the past, we've always come up with new jobs for humans to do and so it's always benefitted us, technological progress, but now we're not really creating enough new jobs to replace the jobs that are being automated.
Technology is always creating jobs. It's always destroying jobs. But right now the pace is accelerating. It's faster we think than ever before in history. So as a consequence, we are not creating jobs at the same pace that we need to.
We humans have always been resilient. With each industrial revolution, we have adapted, creating new jobs with new technologies.
Our economy creates and loses jobs every quarter in the millions. But of the net new jobs, the jobs come from small businesses: both small businesses on Main Street and many of the net new jobs come from high growth, high impact businesses that are located all across the country.
By 2018, automation is going to be in full swing in the United States and around the world. There are estimates that it could replace 50 percent of our jobs. That is an enormous shift. But even if we go through a phase where we have an unemployment valley from automation, there will be new jobs and new things for us to do.
Business creates jobs; government does not. Government creates a whole slew of jobs each time a new program or scheme is implemented, but always at the expense of the taxpayer. Small businesses invest in new businesses, which results in more jobs.
Even when America's economy has been by all measures healthy and the unemployment rate low, some businesses suffer or fail and lay off workers. But nearly always, a simultaneous and even greater burst of new jobs has been created to offset the jobs lost - millions of new jobs every year.
There might be new technology, but technological progress itself was nothing new - and over the years it had not destroyed jobs, but created them.
Now you have a choice: we can give more tax breaks to corporations that ship jobs overseas, or we can start rewarding companies that open new plants and train new workers and create new jobs here, in the United States of America.
Instead of creating new jobs, Republicans gave tax cuts to companies that send jobs overseas.
Are Democrats for expanding U.S. trade with the world and perhaps creating new jobs, or are they out to protect existing U.S. jobs?
Green jobs - those are jobs that feel like new economy jobs; they do require some training.
New investments in cyber security and the modernization of our military will spur substantial new job creation in the private sector and help create the jobs and technologies of tomorrow. It's what we have to do. America must be the world's dominant technological powerhouse of the twenty-first century, and young Americans - including in our inner cities - should get these new jobs!
These new investments in cyber security and the modernization of our military will spur substantial new job creation in the private sector and help create the jobs and technologies of tomorrow. It's what we have to do. America must be the world's dominant technological powerhouse of the twenty-first century, and young Americans - including in our inner cities - should get these new jobs!
Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs lost during the correction: six million. Middle class jobs recovered: one million. So therefore we're up 16 percent on the jobs that were lost. These are only born-again jobs. We don't really have any new jobs, and there's a massive speculative frenzy going on in Wall Street that is disconnected from the real economy.
President Bush is now focusing on jobs. I think the one job he's focusing most on is his own. The White House is now backtracking from its prediction that 2.6 million new jobs will be created in the U.S. this year. They say they were off by roughly 2.6 million jobs.
To be sure, technology will change what we do. Tasks that are highly manual, routine, and predictable will be automated. But jobs are made up of many tasks. So the nature of existing jobs will change, and new careers will be created.