Robots and AI can bring down pension age, says TUC

The TUC has urged the government to use productivity gains from the greater use of robots and AI to reverse planned changes to the state pension age.

Before its annual congress, the TUC said higher levels of productivity thanks to technology could bring greater benefits for working people. It said recent progress had mainly benefited business owners, rather than being shared across the workforce through better wages and working conditions.

Analysis from the accountants PricewaterhouseCoopers suggests GDP could receive a 10% boost from productivity gains linked to artificial intelligence by 2030, helping to bolster the British economy as it seeks to escape a period of weak output growth. That could relieve the pressure on workers to stay in employment into their late 60s, according to the TUC.

For each year the state retirement age is raised, 0.3% of GDP is saved.

Read more: Robots and AI can bring down pension age, says TUC

Don’t forget to share this via , , Google+, Pinterest, LinkedIn, Buffer, , Tumblr, Reddit, StumbleUpon and Delicious.

Mike Rawson

Mike Rawson has recently re-awoken a long-standing interest in robots and our automated future. He lives in London with a single android - a temperamental vacuum cleaner - but is looking forward to getting more cyborgs soon.

Leave a Reply

Your email address will not be published. Required fields are marked *

Robots and AI can bring down pension age, says TUC

by Mike Rawson time to read: 1 min
Hi there - can I help you with anything?
[Subscribe here]
More in News, Work
Drones help with floods
Above Devastated Houston, Armies of Drones Prove Their Worth

LESS THAN A week after the last drops of Hurricane Harvey fell, Houston is just beginning to assess the damage. At...