Tag: employment

Up to 700 million jobs to be automated by 2030

Consulting firm McKinsey’s latest jobs report found that up to one-third of work activities could be displaced by 2030, with advanced companies mostly like to be the worst affected due to their higher wage rates and economic incentives to automate as a result.

The firm said that up to 375 million workers would have to switch occupational categories and learn new skills to find employment.

Moreover, it warned that all workers will need to adapt in the future, in order to develop higher educational attainment and spend more time on activities requiring social and emotional skills, creativity, high-level cognitive capabilities and […]

Automation could kill 73 million USA jobs by 2030

Automation could kill 73 million USA jobs by 2030

The good news for those displaced is that there will be jobs for them to transition into, although in many cases they’re going to have to learn new skills to do the work. As a result, the firm’s calculated scenarios suggest that anywhere between 75mn and 375mn workers (3% to 14% of the global workforce) will have to change occupation by 2030, with automated alternatives likely to either completely or partially displace many jobs.

The worst hit will be machine operators, fast-food workers and back-office employees if automation were to spread quickly through the workplace. "Yes, work will be automated, […]

Robots could force 800 million people out of a job, finds study

Robots could force 800 million people out of a job, finds study

Advanced economies such as US and Germany will need to rethink where workers transition As many as 800 million people could be forced out of employment by 2030 due to the rise of robots in the workplace, according to a new report.

According to consultancy group McKinsey, up to 375 million individuals – or 14 per cent of all workers globally – may need to learn new skills in a bid to offset the threat of unemployment posed by automation , particularly in advanced economies such as the US and Germany.

In Japan, almost half the workforce may need to reskill […]

Robots May Take Over Nearly 375 Million Jobs By 2030

Robots May Take Over Nearly 375 Million Jobs By 2030

A significant number of jobs could be completed by robots as early as 2030, according to a new report published Tuesday by the McKinsey Global Institute . The transition into a heavily automated workplace wouldn’t arrive right away, but it may affect up to 375 million workers globally.

The workforce has already begun to accommodate technological advancements, with robotics being no exception to this. Statistics have proven the potential benefits to automated workers, including its positive effects on the global economy . McKinsey suggested that physical laborers are most at risk of losing their positions with the rise of automation, […]

Will a robot take your job? 800 MILLION workers will be replaced by machines by 2030, report warns

Will a robot take your job? 800 MILLION workers will be replaced by machines by 2030, report warns

As our world becomes more and more technology-driven, robots could replace workers in a huge number of jobs, a new report has warned.

The report claims that as many as 800 million workers could be replaced by machines in just 13 years.

Jobs most likely to be taken include fast-food workers and machine-operators, while gardeners, plumbers and childcare workers are the least likely to be replaced by bots, according to the report.Scroll down for video As our world becomes more and more technology-driven, robots could replace workers in a huge number of jobs, a new report has warned (stock image) In […]

Oh yes, the robots are definitely coming for our jobs

A study from the McKinsey Global Institute claims that between 400 and 800 million people worldwide could have their jobs replaced by automation by the year 2030, Axios reported Wednesday . For American workers, the study predicts somewhere between 48 and 54 million people would have to change jobs, and more than 70 million employees could be displaced completely.

Advanced economies, like the United States and Germany, are likely to see employment declines in jobs that are done in what the study refers to as "predictable settings." Things like office support, customer interaction, assembly line production, driving, and even food […]

Experts: Automation could take over up to 800M jobs by 2030

Experts: Automation could take over up to 800M jobs by 2030

Robots are displayed during the World Intelligence Conference in Tianjin on June 30. A report Wednesday by consulting firm McKinsey & Co. said up to 800 million workers could lose their jobs to automation by 2030. File Photo by Stephen Shaver/UPI Nov. 29 (UPI) — As many as 800 million workers worldwide could lose their jobs to automated equipment within 13 years, according to an analysis Wednesday by U.S. consulting firm McKinsey & Co.

The 160-page report, compiled by the McKinsey Global Institute said machine operators, fast-food workers and back-office employees will be the most quickly affected.

The institute said the […]

Five Marketing Automation Myths And Why They Are Wrong

Five Marketing Automation Myths And Why They Are Wrong

Shutterstock Automation is a hot-button word that elicits a wide variety of emotions in people, such as feelings of curiosity, confusion and even fear. The promise of automation can be seen in classic 1960s cartoons, where beloved robotic maids perform pesky household chores with impressive efficiency. One can also cynically view automation through the lens of popular 1980s and 1990s science-fiction movies in which advanced technology, once designed to improve our lives, eventually turns against all of mankind.

Today, the term is often on the tongues of economists discussing changing employment markets, as more and more human jobs become obsolete […]

By 2030 Automation Could Eliminate 73 Million Jobs in U.S.

By 2030 Automation Could Eliminate 73 Million Jobs in U.S.

Automation might kill up to 73 million jobs in the United States by 2030, but rising productivity, economic growth, and other forces could offset those losses shows a new report the McKinsey Global Institute released this week.

The director of research for the group and the study’s co-author Susan Lund said the dire prediction robots will take human jobs is overstated, as there will be a sufficient number of jobs for workers in the majority of sectors.

However, maintaining complete employment will require huge overhauls to the labor market and economy that rivals or surpasses the massive shifts in the nation […]

One-third of US workers could be jobless by 2030 due to automation: McKinsey

One-third of US workers could be jobless by 2030 due to automation: McKinsey

As much as one-third of the United States workforce could be out of a job by 2030 thanks to automation, according to new research from McKinsey. The consulting firm now estimates that between 400 million and 800 million individuals globally could be displaced by automation and need to find new work.

"Even if there is enough work to ensure full employment by 2030, major transitions lie ahead that could match or even exceed the scale of historical shifts out of agriculture and manufacturing," according to a report by the McKinsey Global Institute published this month. "Even as it causes declines […]