Over 47% of existing jobs are under threat of being automated.
Up to 50% of existing jobs may be at risk in the next 20 years.
A report by the Committee for Economic Development of Australia (Ceda) predicted almost 40% of existing jobs will disappear because of technological advancements.
The state grant was based in large part on Avon's retention of existing jobs and creation of new ones in coming years.
By mid-century, 47% of existing jobs will be susceptible to automation – not just low-skilled jobs, but also in the legal, medical and creative professions.
City Councilman Hiram Monserrate, who represents nearby Elmhurst, withdrew his support for the project in February, complaining about the loss of existing jobs and the use of eminent domain.
Potential long-term effects include the replacement of existing jobs by automation (47% of jobs in the US could be automated, the Bank of America calculated) and the growth of inequality – as skilled workers are increasingly in demand, while unskilled ones are not.
While attractive pay is usually part of what brings talented people into an organization, recruiters who specialize in nonprofit organizations — and even some who do corporate work — say that there's a cadre of talented people who can be pried out of existing jobs only if they sense a chance to do historic work in the new setting.
In a separate letter Wednesday to Mr. Obama and Interior Secretary Ken Salazar, Gov. Bobby Jindal of Louisiana said: "During one of the most challenging economic periods in decades, the last thing we need is to enact public policies that will certainly destroy thousands of existing jobs while preventing the creation of thousands more".
I looked back at the recoveries after seven recessions from 1950 through 1982 and found that, on average, such a strong three-month performance of the household survey, defined as a gain of at least 0.8 percent in the total number of existing jobs, came seven months after the recession had ended, with a range of two to 13 months.
