Economists long worried about the impact of increasingly sophisticated industrial technology on the manufacturing workforce.
A newly released report, however, suggests that widespread unemployment due to automation appears unlikely — and notes that the global economy went through similar overhauls before.
"As processes are transformed by the automation of individual activities, people will perform activities that complement the work that machines do, and vice versa," researchers from the McKinsey Global Institute wrote in their report, titled "A future that works: Automation, employment, and productivity." The analysis argued that any forecast regarding automation, robotics or artificial intelligence should look not at individual […]
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