" The rise of artificial intelligence (AI), machine learning, and robotics will lead to the loss of up to 20 million manufacturing jobs worldwide by 2030, according to a Wednesday report from Oxford Economics.
Around 1.7 million manufacturing jobs have already been lost to robots since 2000, the report, titled How Robots Change the World, found. These include 260,000 jobs in the US, 400,000 jobs in Europe, and 550,000 jobs in China.
Unsurprisingly, the displacement of jobs due to the rise of robots will impact poorer regions the most, according to the report. 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. Each additional robot installed in those regions will lead to an average of almost twice as many job losses as those installed in higher-skilled regions of the same country, the report found.
Jobs that involve repetitive functions, such as warehouse work, will be most affected by robots, the report found. 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, it added.
As companies across sectors continue to implement robotics, policymakers will need to grapple with the fact that while this technology enables growth, it also exacerbates income inequality, the report noted.
More than half of US workers who have left production jobs in the past two decades moved to jobs in transportation, construction, maintenance, and office and administrative work, Oxford Economics found. This is concerning, as those sectors are among the most vulnerable to automation in the next decade. "
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