McKinsey report: Robots will take jobs, but not as fast as some fear

McKinsey report: Robots will take jobs, but not as fast as some fear

Humanoid robots work side by side with employees in the assembly line at a factory of Glory Ltd., a manufacturer of automatic change dispensers, in Kazo, north of Tokyo, Japan, July 1, 2015. — Reuters pic NEW YORK, Jan 14 — The robots are coming, but the march of automation will displace jobs more gradually than some alarming forecasts suggest.

A measured pace is likely because what is technically possible is only one factor in determining how quickly new technology is adopted, according to a new study by the McKinsey Global Institute. Other crucial ingredients include economics, labour markets, regulations […]

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