Robots will take over 20 million jobs all over the world by 2030.
Man-Power is the main source to carry out each and every process in the business. The final outcome may either Product or service. This is not so good news for who workes in the manufacturing sector.
According to research, By 2030 robots will take over 20 million jobs in the manufacturing sector. these robots will highly affect the low-skilled workers and job losses will be twice as high in lower skilled countries than other countries.
Robots have already taken over many manufacturing jobs and gained in services.
The forecast released on Wednesday highlights growing businesses that automation and robots while offering economic benefits are killing low-skill jobs and increasing social and economic stress.
Robots have already taken over millions of manufacturing jobs and are now getting in services, helped by advances in computer vision, speech recognition and machine learning.
The research found the rise of technologies such as self-driving cars and trucks, food preparation and automated factory operations and their impact on employment.
According to the latest study, the current wave of ‘robotization’ is likely ultimately to boost productivity and economic growth, generating roughly as many new jobs as it destroys.
At the high end of the forecast, the researchers see a $5trillion ‘robotics dividend’ for the global economy by 2030 from higher productivity.
The researchers say, that they found that jobs, where repetitive functions are required, are most affected, with those such as warehouse work at imminent risk,’.
according to their prediction, robots will involve in sectors including retail, healthcare, hospitality, and transport, construction and also farming.’
The result of robots taking over the workes will be vary depending on countries and their’ economies.
Also, researchers mentioned in their report that ‘Automation will continue to drive regional polarization in many advanced economies – and this trend will intensify as automation spreads to services,’
By 2030 you will have to compete not only with humans but also with robots to get your job, Or maybe for your next promotion!