Industrial Robotics / Changing Workforce / Industrial Automation

Robots could displace 20 million manufacturing jobs by 2030

By Bloomberg

Jun 26, 2019

Robots are on track to wipe out almost a tenth of the world’s manufacturing jobs with the brunt borne by lower-income areas in developed nations, Oxford Economics says.

While automation should boost the economy as a whole, it is likely to create greater inequality as employment losses are concentrated in certain industries and countries. Manufacturing could lose 20 million positions by 2030, making the sector 8.5% smaller than “if robots were not remaking the market,” according to the research firm’s report.

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