Robots on pace to eliminate 20M+ manufacturing jobs by 2030

Robots on pace to eliminate 20M+ manufacturing jobs by 2030

Factory automation with industrial robots for palletizing food products like bread and toast at a bakery in Germany, robotics. (KUKA Roboter Gmbh/Wikimedia Commons) A new study revealed that by the year 2030, robots could claim more than 20 million manufacturing jobs across the globe.

Economists from Oxford Economics examined long-standing trends of workplace automation and found that in the past 20 years, the use of robots has tripled to 2.25 million globally, a pace that could eliminate more than 20 million manufacturing jobs by 2030, according to the report released last week.

The number of robots once employed in the workplace […]

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