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Robots to take 20 million jobs, worsening inequality (study)

June 27, 2019 | National News

Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows.

The forecast highlights growing concerns that automation and robots, while offering economic benefits, are disproportionately killing low-skill jobs and aggravating social and economic stress.

The study by Oxford Economics, a private British-based research and consulting firm, said job displacement from the rise of robots will not be evenly spread around the world, or within countries.

Robots have already taken over millions of manufacturing jobs and are now gaining in services, helped by advances in computer vision, speech recognition and machine learning, the study noted.

Read more: The Star Online

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