We have to learn how to “outrace the robots.”
“Given the trends of globalization, automation and demographics, there will definitely be a small number of people who will be very prosperous,” said Google’s Eric Schmidt. The challenge is to let as many people into that class as possible, and, even more important, get masses of people educated to a level where they can qualify for work in the new businesses these people create. Robots may hollow out the factories in China, which count on cheap human labor, and bring manufacturing back to the United States. Those machines will need people to service them, and those people will need to be reasonably skilled. But who says those robot operators have to be United States-based, just because the machines are? “The way to combat it is education, which has to work for everyone, regardless of race or gender. You’ll have global competition for all kinds of jobs,” said Schmidt.
Understanding this, he said, should be America’s “Sputnik moment,” which like that 1957 Russian satellite launch gives the nation a new urgency about education in math and science. “The president could say that in five years he wants the level of analytic education in this country – STEM education in science, technology, engineering and math, or economics and statistics – has to be at a level of the best Asian countries.” Asian nations, Mr. Schmidt said, are probably going to proceed with their own increases in analytic education. “Employment is going to be a global problem, not a U.S. one,” he said.