The Future of Employment: How Susceptible are Jobs to Computerisation?
The authors examine how susceptible jobs are to computerisation, by implementing a novel methodology to estimate the probability of computerisation for 702 detailed occupations, using a Gaussian process classifier. Based on these estimates, they examine expected impacts of future computerisation on US labour market outcomes, with the primary objective of analysing the number of jobs at risk and the relationship between an occupation’s probability of computerisation, wages and educational attainment. According to their estimates, about 47 per cent of total US employment is at risk. They further provide evidence that wages and educational attainment exhibit a strong negative relationship with an occupation’s probability of computerization.
Keywords: Occupational Choice, Technological Change, Wage Inequality, Employment, Skill Demand