There are different models to assess just how many jobs will lost to robots. The latest makes for stark reading: some 20 million manufacturing jobs could be replaced by robots globally by 2030, based on analysis by Oxford Economics.
According to the new study, each new industrial robot put into operation wipes out 1.6 manufacturing jobs. While this plays a role in boosting the economy, the net effect is a loss of paid employment for a human worker. This impact is greater for certain sectors of the economy, such as factory work as with the automotive sector, and there are […]
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