President's Robots: 5 stats from the last week's White House report

Economic Report of the President was published last week. For the first time ever it had a whole chapter on robotics. Some stats in there are non-trivial.

• $20hr jobs have 83% chance of being automated. 31% for $20-40 and just 4% for >$40hr.

• $12-$18/hr jobs are disappearing fast. $12 jobs are growing - these are mostly jobs requiring physical presence.

• 29% of jobs now require occupational license of some sort. This is now a very significant barrier. Licensed workers make 10-15% more.

• $15b is the size of 2014 on-demand economy according PwC. McKinsey Global Institute predicts +$2.7 trillion to global GDP by 2025 form on-demand economy.

• Productivity growth has slowed from it's highest in mid-20th century.

Interesting read overall, very bullish on growth.

Originally published on LinkedIn.