Thursday, November 30, 2017

Robotics and Unemployment

800 million global workers will lose their jobs by 2030 and be replaced by robotic automation, a study of 46 countries and 800 occupations by the McKinsey Global Institute found. Machine operators and food workers will be hit hardest. Specialised lower-wage jobs, such as gardening, plumbing and care work, will also be less affected by automation
One-fifth of the global workforce will be affected.
One-third of the workforce in richer nations like Germany and the US may need to retrain for other jobs.
In the US alone, 39 to 73 million jobs may be eliminated by 2030, but about 20 million of those displaced workers may be able to easily transfer to other industries.
In the UK, 20% of current jobs will be automated over the same period
Poorer countries that have less money to invest in automation will not be affected as much. India will only have about 9% of jobs replaced by emerging technologies.
http://www.bbc.com/news/world-us-canada-42170100


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