About three weeks ago I called attention to the effect of computerization on jobs in my post at:
http://mile181.blogspot.com/2011/02/robotics-and-economics.html
Today the New York Times reports on the ability of computer software to replace entire platoons of lawyers with software in complex litigation cases. The article here explains how new advances in software allow firms to screen vast volumes of computer files for relevant documents responding to discovery requests. The impact is substantial. In some cases provided as an example, five hundred attorneys can be replaced with a single attorney.
Experts familiar with the developments suggest that the effect will be that in the future there will be fewer legal jobs, not more. Similar effects are being felt among loan and mortgage officers and tax accountants.
Ironically, computers are also replacing computer engineers who once worked designing computer chips. In fact, unemployment in information technology leads the list of fields tracked by the Bureau of Labor Statistics in unemployment.
The bottom line: the United States economy is being “hollowed out.” New jobs are coming at the bottom of the economic pyramid, jobs in the middle are being lost to automation and outsourcing, and now job growth at the top is slowing.
The only thing left to do seems to be to replace the financial manipulators at the top of the pyramid with software.
Let them look for a job.
Saturday, March 5, 2011
Computers and Lawyers
Topic Tags:
economic development,
law,
planning,
technology
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