Here's what will happen when millions of jobs are lost to robots
Here's what will happen when millions of jobs are lost to robots · CNBC

On the stump in 2016, both candidates talked about creating jobs, taxes, the economy, and trade. But what neither talked about was perhaps the greatest threat to economic security in the future: automation and computerization.

Take, for example, the number one job held by men today: Nearly 3 million of them are truck drivers. What will happen to them in a decade when Daimler expects its self-driving 18-wheeler now being tested in the Nevada desert to be ready for the road? How about the top job among women, that of administrative assistant? Technology already has wiped away many of those positions in companies large and small.

And it's not just popular low-skilled jobs that artificial intelligence threatens. A 2013 study from Oxford University predicts that future technology could displace nearly half of American jobs. History has shown such predictions to be wildly exaggerated, of course. In the long race between education and technology, education typically wins.

But past performance might not be indicative of future results in this next wave of automation, and even those with higher skilled jobs might not be safe. Even jobs in finance, law, and medicine don't offer the steady career paths they once did.

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The question that politicians should be discussing now is what kind of education is needed to stay ahead of automation, or more likely, to complement technology. Previous changes in the nature of work all required massive policy shifts in education. Universal high school started at the beginning of the 19th Century in the move from the farm to the factory. The move from the factory to the office in the 1960s and 1970s required education after high school and began the universal college movement.

But higher education attainment in the U.S. has essentially leveled off during the past few decades. Even as more students have attempted college, not all are finishing. What's needed from the major presidential candidates is not just promises of making college more affordable, but a menu of policies that better align higher education with the workforce of the 21st Century.

A strategy to fill 'middle-skills jobs'

First, a strategy is needed to fill so-called "middle-skills jobs." These are positions that in previous generations would have been filled by high-school graduates, but today require more than a high-school diploma but less than a four-year degree. They include jobs in advanced manufacturing, health care, and information technology.