Report: Technology Is Creating Jobs, Not Eliminating Them

A recent Deloitte study based on 140 years of England and Wales census data found that technology has produced more new jobs than made existing ones obsolete. This is particularly true of "caring" occupations that require cognitive thinking, such as nurses and teachers, as opposed to "muscle power" occupations, such as weavers and metal-makers, which are more easily replaced by machinery. In other words, as long as we have brains and do our best to maximize their potential, we may not need to be terrified that we will be replaced by robots. While it's important to keep in mind that the Deloitte economists' assessment is limited to the U.K. workforce and thus not necessarily indicative of larger global trends, the study's findings do paint an overall rosier picture of technology's impact on human-occupied occupations in comparison to other recent studies.