This site uses cookies. By accepting cookies you can optimise your browsing experience. Read more.
Norway: Robots will mean more play, more pay and less work - nobel winning economist Sir Pissarides02:18

Norway: Robots will mean more play, more pay and less work - nobel winning economist Sir Pissarides

Norway, Trondheim
June 19, 2017 at 23:41 GMT +00:00 · Published

Economists Finn Kydland and Sir Chris Pissarides spoke about the future impact robots might have on the job market at the Starmus Festival at the Norwegian University of Science and Technology (NTNU) in Trondheim, Monday.

Pissarides had the positive prediction that robots' contribution to the economy would allow for more leisure time and higher levels of income as well as more jobs among humans "in other new sectors of the economy".

When asked whether fears that jobs would be taken away by the introduction of robots both disagreed "There is a lot of diversity in the human mind" said Pissarides. "The biggest difference between robots and humans is that robots can do only one thing."

"If each person were doing just one thing then it’s credible to say we’re going to lose 40 percent of jobs but this is not what human nature is" he concluded.

The fourth Starmus Festival, which celebrates astronomy, space exploration, chemistry, physics, art and medicine, will run from June 18 until June 23.

Norway: Robots will mean more play, more pay and less work - nobel winning economist Sir Pissarides02:18
Restrictions

No Account? Sign up!
Description

Economists Finn Kydland and Sir Chris Pissarides spoke about the future impact robots might have on the job market at the Starmus Festival at the Norwegian University of Science and Technology (NTNU) in Trondheim, Monday.

Pissarides had the positive prediction that robots' contribution to the economy would allow for more leisure time and higher levels of income as well as more jobs among humans "in other new sectors of the economy".

When asked whether fears that jobs would be taken away by the introduction of robots both disagreed "There is a lot of diversity in the human mind" said Pissarides. "The biggest difference between robots and humans is that robots can do only one thing."

"If each person were doing just one thing then it’s credible to say we’re going to lose 40 percent of jobs but this is not what human nature is" he concluded.

The fourth Starmus Festival, which celebrates astronomy, space exploration, chemistry, physics, art and medicine, will run from June 18 until June 23.

Top downloads in last 24 hours
01:52
Japan: Wildfires scorch 765,000 sq m as efforts to contain flames continue near AshikagaJapan: Wildfires scorch 765,000 sq m as efforts to contain flames continue near Ashikaga
February 25, 2021 at 02:18 GMT +00:00
04:32
'My Pet Alpaca' brings fluffy friends to your door to fight the pandemic blues'My Pet Alpaca' brings fluffy friends to your door to fight the pandemic blues
February 25, 2021 at 19:40 GMT +00:00
01:51
Armenia: Pashinyan holds rally with supporters after army demands his resignationArmenia: Pashinyan holds rally with supporters after army demands his resignation
February 25, 2021 at 11:15 GMT +00:00
03:03
Armenia: Protesters honk car horns, block traffic in Yerevan rally against PM Pashinyan Armenia: Protesters honk car horns, block traffic in Yerevan rally against PM Pashinyan
February 25, 2021 at 11:01 GMT +00:00
Pool for subscribers only
01:39
Armenia: Pashinyan calls army’s demand for resignation ‘attempted coup’Armenia: Pashinyan calls army’s demand for resignation ‘attempted coup’
February 25, 2021 at 10:58 GMT +00:00
03:25
UAE: French producer Arquus unveils hybrid electric 'Scarabee' vehicle at Abu Dhabi expoUAE: French producer Arquus unveils hybrid electric 'Scarabee' vehicle at Abu Dhabi expo
February 24, 2021 at 19:19 GMT +00:00
01:59
Japan: Dozens of households told to leave as wildfire spreads through Mount RyogaiJapan: Dozens of households told to leave as wildfire spreads through Mount Ryogai
February 24, 2021 at 16:23 GMT +00:00
04:27
Giant hand sculptures on Rio beaches depict social distancing effortsGiant hand sculptures on Rio beaches depict social distancing efforts
February 25, 2021 at 08:33 GMT +00:00
02:47
Armenia: Protesters block traffic in Yerevan street at rally against PM PashinyanArmenia: Protesters block traffic in Yerevan street at rally against PM Pashinyan
February 23, 2021 at 23:13 GMT +00:00
02:27
Germany: Police search apartments of alleged Islamist extremists in BerlinGermany: Police search apartments of alleged Islamist extremists in Berlin
February 25, 2021 at 14:30 GMT +00:00
02:35
Lebanon: Fiery rallies in Beirut after terrorism charges brought against Tripoli protestersLebanon: Fiery rallies in Beirut after terrorism charges brought against Tripoli protesters
February 24, 2021 at 19:26 GMT +00:00
02:20
Greece: Police disperse Athens demo in support of convict Dimitris Koufontinas' hunger strikeGreece: Police disperse Athens demo in support of convict Dimitris Koufontinas' hunger strike
February 24, 2021 at 23:29 GMT +00:00
01:39
Armenia: Yerevan protests continue into night with tents set up in front of parliamentArmenia: Yerevan protests continue into night with tents set up in front of parliament
February 25, 2021 at 22:05 GMT +00:00
00:58
Armenia: Protesters set up camp in front of Parliament buildingArmenia: Protesters set up camp in front of Parliament building
February 25, 2021 at 17:51 GMT +00:00
02:14
Not all heroes wear capes! Bus driver talks about saving visitors stuck in burning mallNot all heroes wear capes! Bus driver talks about saving visitors stuck in burning mall
February 24, 2021 at 21:58 GMT +00:00
02:29
Sea of cranes - birds gather at Israeli nature reserve on their way to EuropeSea of cranes - birds gather at Israeli nature reserve on their way to Europe
February 24, 2021 at 21:14 GMT +00:00
03:18
Armenia: Dozens detained at Yerevan rally against PM Pashinyan Armenia: Dozens detained at Yerevan rally against PM Pashinyan
February 23, 2021 at 13:59 GMT +00:00
02:25
Armenia: Protest against Pashinyan takes place at Yerevan’s Freedom Square Armenia: Protest against Pashinyan takes place at Yerevan’s Freedom Square
February 25, 2021 at 15:27 GMT +00:00
00:14
Canada: Home CCTV camera captures meteor as it shoots through night skyCanada: Home CCTV camera captures meteor as it shoots through night sky
February 24, 2021 at 18:18 GMT +00:00
02:59
Germany: Hamburg customs police seize 16 tons of cocaine in Europe's biggest haulGermany: Hamburg customs police seize 16 tons of cocaine in Europe's biggest haul
February 24, 2021 at 16:42 GMT +00:00
02:29
Germany: 9 arrested for storming Greek consulate in solidarity with hunger striker Dimitris KoufontinasGermany: 9 arrested for storming Greek consulate in solidarity with hunger striker Dimitris Koufontinas
February 24, 2021 at 19:45 GMT +00:00
02:56
Iraq: Police clash with protesters demanding resignation of governor in NasiyirahIraq: Police clash with protesters demanding resignation of governor in Nasiyirah
February 25, 2021 at 00:04 GMT +00:00
03:11
France: Start-up launches face mask able to 'deactivates' virusFrance: Start-up launches face mask able to 'deactivates' virus
February 25, 2021 at 10:45 GMT +00:00
01:45
Canada: Niagara Falls freezes over as cold front engulfs Ontario regionCanada: Niagara Falls freezes over as cold front engulfs Ontario region
February 25, 2021 at 15:36 GMT +00:00
View all videos