After taking over millions of manufacturing jobs and are now gaining in services, helped by advances in computer vision, speech recognition and machine learning, the Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030.
The displacement of jobs will not be evenly spread around the world, or within countries, according to the study published by Oxford Economics, a UK-based research firm. Lower-skilled regions are much more vulnerable to the job losses, it said after surveying seven economies – the United States, Germany, Britain, France, Japan, South Korea and Australia
Since 2000, some 1.7 million manufacturing jobs have been lost to robots, including around 400,000 in Europe, 260,000 in the US, and 550,000 in China. The study noted that the rate at which robots were replacing jobs had been rising steadily, with the global stock of industrial robots more than doubling since 2010.
“The robotics revolution is rapidly accelerating… The result will transform what robots can do over coming decades – and their ability to take over tasks that humans do now,” said Mr James Lambert, associate director at Oxford Economics and a lead author of the study. He added: “The number of robots is also set to multiply rapidly. We expect the number in use to reach 20 million by 2030 – about 10 times the number now.”
According to the latest study, the current wave of “robotisation” is likely ultimately to boost productivity and economic growth, generating roughly as many new jobs as it destroys. “We found that jobs, where repetitive functions are required, are most affected, with those such as warehouse work at imminent risk,” the authors wrote. “Jobs in less structured environments and which demand compassion, creativity or social intelligence are likely to be carried out by humans for decades to come.”
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18 July, 2019