NBC, June 26, 2019: Robots could take over 20 million jobs by 2030, experts say
Robots could take over 20 million manufacturing jobs around the world by 2030, economists claimed Wednesday. According to a new study from Oxford Economics, within the next 11 years there could be 14 million robots put to work in China alone. Economists analyzed long-term trends around the uptake of automation in the workplace, noting that the number of robots in use worldwide increased threefold over the past two decades to 2.25 million.
While researchers predicted the rise of robots will bring about benefits in terms of productivity and economic growth, they also acknowledged the drawbacks that were expected to arise simultaneously.
“As a result of robotization, tens of millions of jobs will be lost, especially in poorer local economies that rely on lower-skilled workers. This will therefore translate to an increase in income inequality,” the study’s authors said.
Despite the threat of job losses, the report urged lawmakers not to prohibit the rise of automation.
“These findings should not lead policy-makers and other stakeholders to seek to frustrate the adoption of robot technology. Instead the challenge should be to distribute the robotics dividend more evenly by helping vulnerable workers prepare for and adapt to the upheaval it will bring,” the researchers said.
