Robots ‘to replace up to 20M factory jobs’ by 2030

People displaced from those jobs are likely to find that comparable roles in the services sector have also been squeezed by automation, the firm said. Regions where more people have lower skills, which tend to have weaker economies and higher unemployment rates anyway, are much more vulnerable to the loss of jobs due to robots, Oxford Economics said. On average, each additional robot installed in those lower-skilled regions could lead to nearly twice as many job losses as those in higher-skilled regions of the same country, exacerbating economic inequality and political polarisation, which is growing already, Oxford Economics said.

Source: www.bbc.co.uk