The Rise Of Robots Will Eliminate More Than 5 Million Jobs By 2020

Courtesy of Wikipedia

TN Note: The World Economic Forum’s tag line is “Committed To Improving The State Of The World“, but it brings no good news in this report, and its estimates may well be too low. Nevertheless, the so-called “mobile revolution” is giving way to the “robot revolution” and the result will create tectonic shifts in the economic structure of the world.

Over five million jobs will be lost by 2020 as a result of developments in genetics, artificial intelligence, robotics and other technological change, according to World Economic Forum research.

About 7 million jobs will be lost and 2 million gained as a result of technological change in 15 major developed and emerging economies, WEF founder Klaus Schwab and managing board member Richard Samans said in The Future of Jobs.” The findings are taken from a survey of 15 economies covering about 1.9 billion workers, or about 65 percent of the world’s total workforce.

The blurred lines between physical, digital and biological spheres amount to a Fourth Industrial Revolution, according to the WEF, which will address the idea as the idea at its annual meeting of policy makers, academics and economists in Davos, Switzerland. It’s already a hot topic thanks in part to books such as ‘The Second Machine Age’ and ‘The Rise of The Robots,’ while Bank of EnglandChief Economist Andy Haldane has warned that the millions of jobs at risk from automation are creating issues officials need to address.

“To prevent a worst-case scenario — technological change accompanied by talent shortages, mass unemployment and growing inequality — reskilling and upskilling of today’s workers will be critical,” the authors said. “It is simply not possible to weather the current technological revolution by waiting for the next generation’s workforce to become better prepared.”

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10 Comments on "The Rise Of Robots Will Eliminate More Than 5 Million Jobs By 2020"

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Arizona
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THERE won’t be ANY of you still alive,you have the worst of the worst in charge of your country,SATANS minions,and NOW They will kill everyone of you…..

laura m.
Guest

Go into the trades (fix, install and/or repair) or start a business. Both husband and wife need to be in the workforce, doesn’t make sense to raise a family. America’s future is downhill for many reasons. Mass immigration, yet no jobs, more on welfare as time goes on. I have bookmarked this site and the technocratic tyranny site.

Beano McReano
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We are now entering the ROBOT age. It’s coming. 200,000,000 of them from the East. It’s not men, it’s ROBOTS!!

Pontus
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Are we not men?

James
Guest
I work for a major robotics company in Silicon Valley and about 50% of our clients are startups that create jobs rather than displace or eliminate workers. One such example, which I cannot name until NDA expiration, will be creating a new industry altogether and will be employing hundreds of people over the next few years to work along side the robots, service the robots, and perform tasks that robots cannot. The startup will be doing the environment a huge favor by saving thousands of trees each year due to recycling. This is just one example of the many “emerging… Read more »
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