Tyler Cowen, Columnist

Forget New Robots. Keep Your Eye on the Old People.

A changing workforce will fuel companies that tap the potential of workers over 55.

By 2020, over a quarter of the workforce will be over 55.

Source: Cultura, via Getty Images

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Bloomberg asked readers a year ago: “Are you about to be replaced by a robot?” Next the question became a statement: “Robots Are Coming for Jobs of as Many as 800 Million Worldwide.”

Does the real-world experience so far back up the fears? Japan and the U.S. are two of the countries most advanced in robot deployment, and yet both are very close to full employment. To be sure, introducing more software and more robots into the workplace introduces very real problems of training and retraining, but there will always be more work to be done.