Should People Replaced By Robots Get A Free Education?

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By Douglas A. McIntyre Updated Published
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Should People Replaced By Robots Get A Free Education?

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Several recent pieces of research show that as many as 40% of jobs could be replaced by robots in the next 15 years. The staggering number opens the question of what all of the people put out of work will do. Most Americans believe they should get free educations. It may be the only path to new employment.

The Joint Center for Political and Economic Studies questioned 2,000 black, Latino, Asian American and white workers in 2018. George Washington University law professor Spencer Overton was the lead researcher. He found, “Our report offers the most in-depth view to date of how communities of color perceive the future of work, providing insights for lawmakers to address long-term challenges and ensure Americans from all backgrounds are prepared to compete in a rapidly evolving economy.”

The results varied by race. 85% of Black Americans “support free college or training as a response to job displacement.” This was followed by 78% of Asian Americans, 75% of Latinos, and 70 of Whites. What do those questioned think is the biggest hurdle to getting a new education? The ability to afford it. “All four groups cited financial constraints as the biggest barrier to obtaining additional training. The least cited barrier was feeling personally incapable of acquiring new skills”, the study said.

The primary argument against these programs is their cost. Taxpayers would likely carry the burden of millions of the Americans who would have to go to school, either in person or online, to improve their skills. Michael Poliakoff, president of the American Council of Trustees and Alumni (ACTA) told Campus Reform, “‘Free’ college is likely to leave the public with exorbitant bills and very limited return on their investment.”

There is a growing body of evidence that robots will replace jobs, particularly at the bottom of the wage scale. This includes fast-food workers, retail employees, and people who work in factories and warehouses. Many of these are on the list of the 25 lowest paying jobs in America. If they are not retrained, it is hard to imagine where they will find new work. So far, there is no answer as to where the money will come from to solve the problem.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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