Friday, January 27, 2023
Google search engine
HomeTECHNOLOGY20 Million Jobs by 2030 for Robots – Oxford Economics Study Claims

20 Million Jobs by 2030 for Robots – Oxford Economics Study Claims

20 Million Jobs by 2030 for Robots – Oxford Economics Study Claims


Humans need to be prepared for future income inequalities as robots prepare to take on more jobs. By 2030, there will be 20 million manufacturing jobs worldwide, but robots will take these jobs from humans.

In a new study from Oxford Economics, economists claim that the next decade will be spent orchestrating robots to take jobs from humans. In China alone, 14 million robots can operate.

China accounts for 20% of the world’s robot stock. Almost every third robot is now installed there. Report claims.

Analyzing workplace automation, economists look at past trends, identifying robots operating around the world, and analyze trends in the long run, nearly three times in the last 20 years. That number rose to about 2.24 million. This period.

Identifying the shortcomings that humans should expect to increase, including income inequality, but limited to them, research predicts that the rise of robots in the future will certainly lead to better growth and productivity on the world economic front. Will bring benefits

“As a result of robotization, millions of jobs will be lost, especially in poor local economies that rely on low-skilled workers. Therefore, this will translate into increased income inequality,” the study says.

Global GDP could grow by 5.3% if robot installation is increased to 30%, which is more than the basic forecast for the year 2030.

The report states that “this amounts to an additional 9 4.9 trillion annually in the global economy by 2030 (at today’s prices), equivalent to Germany’s larger-than-expected economy.”

3 reasons for the rise of robots:

The report gives an in-depth look at the reasons why robots are expected to grow so much around the world, and cites three reasons why the demand and use of the Silver Line has increased.

Trend 1: Robots are cheaper than humans.

Trend # 2: Robots are more advanced, more efficient, and more capable.

Trend # 3: Demand for finished goods is increasing. China is investing in robots to become a global manufacturing leader.



Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments