Every advancement mankind evolves comes with pros and cons. Robotic advancement is an amazing invention by humans that opens doors to extensive artificial intelligence. At the same time, there may be a dark cloud looming ahead of people.
While jobs are one of the primary factors affecting the livelihood of the majority of the living population. The recent studies on robotic advancement alarm us that nearly 800 million jobs could be replaced by robots before we reach 2030. At least, that what the research by the McKinsey Global Institute, a top consulting firm tells us.
“Our findings suggest that, at the current stage and pace of robot growth, and with the right economic conditions in place, some workers without a college degree may benefit from robotization,” the report said. “This is perhaps due to robots stimulating demand for goods, creating new markets, and spurring wage growth.”
“There have been clear losers with increased automation—namely, younger, less-educated manufacturing in the Midwest and younger, minority workers in these industries in particular,” says coauthor William Rodgers, a professor of public policy at Edward J. Bloustein School of Planning and Public Policy and chief economist at the Heldrich Center for Workforce Development at Rutgers University.
“These industries not only have the highest number of robots in use but are also experiencing the fastest growth in robot adoption.”
The report also suggests the following areas that could be highly dominated by robots,