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Report: Humans To Lose 5 Million Jobs To Robots By 2020
By Agnes Constante AsianJournal.com
By the year 2020, humans are expected to lose a net of 5.1 millions of jobs to robots and arti- ficial intelligence, accord- ing to a report from the World Economic Forum (WEF).
In the report, 15 economies that make up 65 percent – about 1.9 billion workers – of the total global workforce were surveyed. About 7 million jobs will be lost while 2 million will be gained due to technolog- ical change in these developed and emerging nations. Robots have already begun taking over manu- al labor and jobs, such as cashiers, that involve redundant tasks.
However, smarter machines are also jeop- ardizing more skilled occupations.
“As entire industries adjust, most occupations are undergoing a funda- mental transformation,” according to the report. “While some jobs are threatened by redundan- cy and others grow rap- idly, existing jobs are also going through a change in the skill sets
required to do them.” Jobs in every industry would be displaced, according to the report. But the effects would vary and the most at-risk jobs include data pro- cessing and administra- tive jobs. Latest findings say that two-thirds of anticipated losses will probably be in the office and administrative sec- tors.
A Business Insider report states that humans could also lose nine jobs to robots: pharmacists, lawyers and paralegals, drivers, astronauts, store clerks, soldiers, babysit- ters, rescuers (the article notes that robots are able to search areas that are inaccessible to humans), and sportswrit- ers and other reporters.
CNN cited a Bank of America study stating that there is a 90 percent risk or more of the fol- lowing jobs being replaced: bakers, butch- ers, tour guides, tax col- lectors, telemarketers, insurance sales agents, retail salespeople, clerks, accountants and pharmacy technicians.
That report also stated that robots will likely be performing 45 percent of manufacturing tasks by
2025, compared to just 10 percent today. “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 wrote. “It is simply not possible to weather the current technological revolution by waiting for the next generation’s workforce to become better prepared.”
Jobs involving much social interaction, empa- thy and intuition are least likely to be replaced by technology, according to CNN. Among these occupations include teachers, artists, mental health care workers, police and detectives, and social workers.
Women are projected to be disproportionately affected, with more than five jobs lost for every one gained throughout the next five years, ver- sus one job gained per three lost for men. This is due to the low partici- pation of women in the science, technology, engineering and mathe- matics fields.
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