How to compete with robots by assessing job automation risks and resilient alternatives

Abstract

The effects of robotics and artificial intelligence (AI) on the job market are matters of great social concern. Economists and technology experts are debating at what rate, and to what extent, technology could be used to replace humans in occupations, and what actions could mitigate the unemployment that would result. To this end, it is important to predict which jobs could be automated in the future and what workers could do to move to occupations at lower risk of automation. Here, we calculate the automation risk of almost 1000 existing occupations by quantitatively assessing to what extent robotics and AI abilities can replace human abilities required for those jobs. Furthermore, we introduce a method to find, for any occupation, alternatives that maximize the reduction in automation risk while minimizing the retraining effort. We apply the method to the U.S. workforce composition and show that it could substantially reduce the workers' automation risk, while the associated retraining effort would be moderate. Governments could use the proposed method to evaluate the unemployment risk of their populations and to adjust educational policies. Robotics companies could use it as a tool to better understand market needs, and members of the public could use it to identify the easiest route to reposition themselves on the job market.