Automation Could Eliminate 800 Million Jobs

automation

Recent developments in Artificial Intelligence and robotics may soon replace 800 million workers around the world by 2030.

The study gathered by the McKinsey Global Institute was conducted in 46 countries
and 800 occupations. It is also said that at least one-third of the workforce in some developed countries like the United States and Germany may need to retrain for other tasks.

“Jobs that require human interaction such as doctors, teachers, lawyers, and bartenders are less prone to automation. However, tasks carried out by paralegals, accountants, mortgage brokers, and other back- office positions are vulnerable to automation. Lower-wage jobs that require specialized skills such as gardening, plumbing, and even care work will also be affected by the technological advances.”

According to BBC, at least 39 to 73 million jobs may be eliminated in the U.S. alone. However, 20 million of those workers may be able to find other jobs in other industries.

20% of current jobs in the UK will also be affected by the automation in the same period.

Government can lessen the negative effects of automation

The study also shows that the effects of this transition can still be mitigated if governments will act on it.

One prime example is America’s transition out of Agriculture, emphasizing that the decrease in available farming jobs in the country was accompanied by prioritizing secondary education, and new laws that enforce compulsory attendance.

The result in increased in educated workforce helped build a thriving manufacturing industry.  The report also states that technology often results in new jobs; existing jobs will be redefined, and some workers can have the opportunity to switch careers.

The biggest hurdle that this generation has is how to manage the transition. There is a high chance that income inequality will be more apparent and can possibly lead to political instability.

What are your thoughts about automation, is it good or bad for the future? Comment down below and let us know.

For almost 10 years Dave has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant it was the opportunity to start UnderstandingE with Matt Ogborne showing the world how to utilize Magento as the Third Generation of Multi-Channel software. Dave also recently started a YouTube channel called the Manc Entrepreneur (click YouTube icon link below to watch Dave's videos) where he discusses all things eCommerce and entrepreneurship aimed to help young entrepreneurs get started on their own journey. When Dave isn’t working his main interests include, Technology, Cars and throwing himself off high things into water.

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