Robots are estimated to replace about 20 million manufacturing jobs by 2030, according to a new report.
The global stock of industrial robots has more than doubled since 2010, and the rise of robots has already had a "profound effect" on industrial employment around the world, according to a report released Wednesday by Oxford Economics , a global forecasting and quantitative analysis firm.
Each new robot introduced into the workforce displaces 1.6 manufacturing workers on average, the reports states.China is leading the rest of the world, installing one of every three new robots that comes into the job force, according to […]
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