Robots will steal your job: How AI could increase unemployment and inequality

By: Business Insider

February 15, 2016

The future is supposed to be a glorious place where robot butlers cater to our every need and the four-hour work day is a reality.

But the true picture could be much bleaker.

Top computer scientists in the US warned over the weekend that the rise of artificial intelligence (AI) and robots in the workplace could cause mass unemployment and dislocated economies, rather than simply unlocking productivity gains and freeing us all up to watch TV and play sports.

And a recent report from Citi, produced in conjunction with the University of Oxford, highlights how increased automation could lead to greater inequality.