By The Year 2030: 20 Million Manufacturing Jobs Displaced By Robots

Automation should develop the whole economy in lieu of creating inequality and job losses concentrated in specific countries and industries. As reported by the research firm, by 2030, 20 million manufacturing jobs could be displaced, which makes the sector become 8.5 percent smaller than “if robots were not remaking the market”.

Employment Losses Per Robot

According to Oxford Economics, in rural areas where the labor-intensive and traditional industry bases, the workers’ pockets are most prone to automation. In America, Oregon is the place with the highest possibility of being affected; whereas, in Britain, Cumbria is the region that suffers most severely.

Oxford Economics says in:

According to the report, new challenges are being made after the structural change in the labor market because more and more tasks are turning to automation. Over half of factory workers in the US, who have been replaced by robots for recent 20 years, moved to 3 following job categories: office and administration work, construction and maintenance as well as transport. However, those mentioned categories are most likely to be automated in the next 10 years.

The consequences of growing inequality have also been noticed by the IMF. Besides, as mentioned by the OECD last year, geography played a vital role due to the fact that some specific industries were clustering. For instance, the proportion of dangerous jobs which is likely to be conducted by robots in western Slovakia was much higher compared to the figure in the regions around Oslo.

Robots taking 20 million jobs and worsening inequality

According to Oxford Economics, although a few traditional manufacturing centers would fare well, Seoul, Paris, Tokyo, London and other metropolises seem to receive fewer influences. It added: