McKinsey: Massive Govt Investment Will Be Needed After Automation Wipes Out Jobs

McKinsey: Massive Govt Investment Will Be Needed After Automation Wipes Out Jobs

Humanoid robots work side by side with employees on the assembly line at a factory of Glory Ltd., a manufacturer of automatic change dispensers, in Kazo, north of Tokyo, Japan, in this July 1, 2015 file photo. REUTERS/Issei Kato/Files A new report from the international consulting firm McKinsey and Co. says heavy government investment in job training, education and unemployment assistance will be needed to mitigate automation’s costs to labor.

The international workforce must be more dynamic and flexible in transitioning from increasingly automated industries to emerging and expanding ones, according to the study .

As many as 800 million jobs […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.