Tag: manufactur

As Many as 800 Million Jobs Worldwide Could Vanish by 2030 Due to Automation

As Many as 800 Million Jobs Worldwide Could Vanish by 2030 Due to Automation

iStock.com/Zapp2Photo Automation Could Eliminate 73 Million Jobs in the U.S.

A new report by McKinsey & Company warns that as many as 800 million jobs around the world could vanish as a result of automation by 2030. In the U.S., 73 million jobs could be lost over the next 12 years.

The report, which covers 46 nations and more than 800 occupations, suggests that in about 60% of jobs, one third of activities could be automated. “We estimate that between 400 million and 800 million individuals could be displaced by automation and need to find new jobs by 2030 […]

Robots vs. jobs: Report says automation will displace up to 375M workers by 2030

Robots vs. jobs: Report says automation will displace up to 375M workers by 2030

A worker keeps watch on a riveting robot inside the mid-body fuselage of a 777 jet. (Boeing Photo) The latest robot report has bad news for laborers and office support staff, good news for techies and healthcare workers. India looks bright, while Japan could face the toughest stretch.

Those are just some of the takeaways from McKinsey Global Institute’s data-packed analysis of the effects of automation on employment between now and 2030. The bottom line? Hundreds of millions of workers around the world will be displaced due to the revolutions in robotics and artificial intelligence.

“Displaced” is the key term: Many […]

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 […]

Robots coming for 800 million jobs worldwide

Robots coming for 800 million jobs worldwide

But McKinsey warns that efforts must be made by policy makers and business leaders to adapt to changes, in particular mid-career job training in the United Kingdom, with "a focus on robust economic growth and large-scale retraining and re-employment of workers in the coming decade", said James Manyika, chairman and director of the McKinsey Global Institute.

To remain viable, workers must embrace retraining in different fields.

Regardless of whether the ascent of robots is less quick, around 400 million workers could still find themselves displaced by automation and would need to find new jobs over the next 13 years, the McKinsey […]

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 […]

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 […]

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 […]

Automation may require as many as 375 million people to find new jobs by 2030

Automation may require as many as 375 million people to find new jobs by 2030

Fears that automation and machine learning will cause massive job losses and make people obsolete are starting to wane (well, unless you ask Stephen Hawking ). Instead, there’s a more optimistic prediction taking hold: that the new technology could actually lead to job gains. But the transition won’t be easy.

By 2030, up to 30% of the hours worked globally could be automated, according to a new report by the McKinsey Global Institute . Analysts in the consultancy’s research arm estimate that between 400 million and 800 million people could find themselves displaced by automation and in need of new […]