Mark Zuckerberg Warns on Effects of Automation in Harvard commencement Speech

Facebook, Inc. (NASDAQ: FB) CEO Mark Zuckerberg gave a commencement speech in Harvard and received a honorary doctor of laws degree, 12 years after dropping out from the Ivy League university.   

The speech was focused on the future of work, the changes that technology and automation will bring, as well as the differences that millennials are going to have to make to face the changing the upcoming changes.

"You're graduating at a time when this is especially important," Zuckerberg said. "When our parents graduated, purpose reliably came from your job, your church, your community. But today, technology and automation are eliminating many jobs. Membership in communities is declining. Many people feel disconnected and depressed, and are trying to fill a void."

Earlier in 2016 a report published by the White House estimated that nearly 3.1 million drivers working today could have their jobs automated by autonomous vehicles, such as self-driving taxis, buses, trucks and others. This is only one example of the several major disruptions expected to be caused by automation.  

"I'm not here to give you the standard commencement about finding your purpose. We're millennials. We'll try to do that instinctively. Instead, I'm here to tell you finding your purpose isn't enough."

"To keep our society moving forward, we have a generational challenge – to not only create new jobs, but create a renewed sense of purpose. So what are we waiting for? It's time for our generation-defining public works. Let's do big things, not only to create progress, but to create purpose."

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