Robots will kill 20m manufacturing jobs by 2030
Jun 26, 2020
The rise of artificial intelligence, machine learning, and robotics will lead to the loss of up to 20 million manufacturing jobs worldwide by 2030, according to a report from Oxford Economics. Indeed, around 1.7 million manufacturing jobs have already been lost to robots since 2000. This includes 260,000 jobs in the U.S., 400,000 jobs in Europe, and 550,000 jobs in China. The displacement of jobs due to the rise of robots will impact poorer regions the most. Lower-skilled regions, which tend to have weaker economies and high unemployment rates, will be most vulnerable to the loss of jobs due to robots. Jobs that involve repetitive functions, such as warehouse work, will be most affected by robots. While jobs that are less structured and require more creativity, compassion, or social intelligence will likely continue to be dominated by humans, robots will play an increasingly large role even in those areas.