Tag: robot

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 May Put 800 Million People Out Of A Job By 2030

Robots May Put 800 Million People Out Of A Job By 2030

Back in the 1900s, most of America had its workforce on farms and just enough food was produced to feed a far less populous nation. Now, less than 2 percent of Americans work on farms, because technology has revolutionized the sector. Automation has taken over .

The same applies to plenty of sectors these days, particularly when manual labor is involved. Now, a new study has laid this reality bare. According to a study by management consultancy firm McKinsey, up to one-third of the American workforce (73 million people) may lose their jobs to automation by 2030.

In total, up to […]

A New Study Reports That Nearly 40 Million Workers in the U.S. Will Be Displaced By Technology

A New Study Reports That Nearly 40 Million Workers in the U.S. Will Be Displaced By Technology

In the future, everyone will be employed for 15 minutes. The future of employment on this planet is bleak, according to the analysis by McKinsey Global Institute , which predicts that hundreds of millions of workers across the globe will find themselves out of work due to automation, robotics, artificial intelligence, and other technological innovations by 2030.

In a massive report, McKinsey says that upwards of 375 million workers—38.6 million of those in the U.S.—will be displaced from their jobs. The lucky ones will find new employment opportunities. The unlucky? Well, maaaybe someday we’ll live in a world with basic […]

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 […]

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 […]

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, […]