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Robots Replacing Manufacturing Jobs

  • 27 Jun 2019
  • 2 min read

As per a report by analysis firm Oxford Economics, it is predicted that robots are going to replace 10% of jobs in manufacturing sector in next 10 years.

  • Manufacturing could lose 20 million positions replaced by robots by 2030.
  • Each new industrial robot is going to wipe out 1.6 manufacturing jobs.
  • The report states that it is expected that automation should boost the economy as a whole, but it is likely to create greater inequality.
  • The report also highlights the importance of taking policy action to reduce the likely impact of robotization in these vulnerable areas.
  • People displaced from jobs are likely to find that the services sector have also been squeezed by automation.
  • It states that more than half of U.S. factory workers displaced by robots over the past two decades were absorbed into three employment categories -- transport, construction and maintenance, and office and administration work.
    • Now these categories are the most vulnerable to automation over the next decade.
  • Loss of jobs because of automation is also confirmed by the World Economic Forum (WEF) in its report 'Future of Jobs'.
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