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Jack Ma Sees Decades of Pain as Internet Upends Old Economy

  • Alibaba founder says education can ease blow from automation
  • ‘Machines should only do what humans cannot,’ Ma tells forum
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Alibaba's Jack Ma Sees Pain as Internet Disrupts Economy

Bloomberg News
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Alibaba Group Holding Ltd. Chairman Jack Ma said society should prepare for decades of pain as the internet disrupts the economy.

The world must change education systems and establish how to work with robots to help soften the blow caused by automation and the internet economy, Ma said in a speech to an entrepreneurship conference in Zhengzhou, China.