Route Fifty: Artificial Intelligence, Automation Aren’t Killing Labor Market, Reports Says

Route Fifty: Artificial Intelligence, Automation Aren’t Killing Labor Market, Reports Says. “The report examines decades’ worth of data from the U.S. Bureau of Labor Statistics across 10 industries—construction, leisure and hospitality, professional and business services, retail trade, transportation and warehousing, wholesale trade, financial activities, information, education and health services and manufacturing. The report found rates of job loss in each industry were lower in the third quarter of 2020 than in 1995. The third quarter of 2020 represented a stabilization of the American job market following a significant spike in job losses due to the pandemic that reached as high as 45% in the leisure and hospital industries.”

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