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Saturday 24th July 2021 09:46 PM

Oxford Economics Research Says 20mn Robots Expected to Be in Use By 2030


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Entitled ‘How robots modify the world: what automation actually means for jobs and productivity’, the report says that the fast pace of technological progress signifies that robots will be able to take over ever more of the tasks once carried out by humans.

 

Some its key findings consist of the fact that there are three times as many robots in use worldwide as there were 20 years ago, up to 2.25mn. In the upcoming 20 years, Oxford Economics cites trends suggesting that figure could achieve 20mn by 2030, with much of the development being driven by China.

 

The improving use of robots is said to increase productivity and growth, but an approximate 20mn manufacturing jobs are anticipated to be lost to robots by 2030, with those losses disproportionately affecting lower-skilled workers and those in poorer economies.

 

As reported in the BBC, however, Oxford Economics also found that a 30% rise in robot installations worldwide would create an approximated $5tn in additional global GDP, and thought from a global perspective, new jobs in yet-to-exist industries will be created at the same rate that existing roles are wrecked.


This article is originally posted on manufacturingglobal.com


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Posted on : Saturday 24th July 2021 09:46 PM

Oxford Economics Research Says 20mn Robots Expected to Be in Use By 2030


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Posted by  Tronserve admin
image cap

Entitled ‘How robots modify the world: what automation actually means for jobs and productivity’, the report says that the fast pace of technological progress signifies that robots will be able to take over ever more of the tasks once carried out by humans.

 

Some its key findings consist of the fact that there are three times as many robots in use worldwide as there were 20 years ago, up to 2.25mn. In the upcoming 20 years, Oxford Economics cites trends suggesting that figure could achieve 20mn by 2030, with much of the development being driven by China.

 

The improving use of robots is said to increase productivity and growth, but an approximate 20mn manufacturing jobs are anticipated to be lost to robots by 2030, with those losses disproportionately affecting lower-skilled workers and those in poorer economies.

 

As reported in the BBC, however, Oxford Economics also found that a 30% rise in robot installations worldwide would create an approximated $5tn in additional global GDP, and thought from a global perspective, new jobs in yet-to-exist industries will be created at the same rate that existing roles are wrecked.


This article is originally posted on manufacturingglobal.com

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robots modifying the world oxford robots to be used in 2030