By 2020, 5 million human jobs will be done by robots

As per a research paper released by the World Economic Forum, 65% of the world’s workforce will have to be retrained so as to not lose their jobs to robots.

It is no secret that robots are essentially more efficient than humans at doing repetitive tasks. The fact of the matter is so far they have been adopted mostly in factories, but not only has this adoption rate undergone a dramatic quickening, but lately they have made inroads into the retail sector as well.

The job market for us humans is set to get even worse. As per a research done by the World Economic Forum, by 2020, more than 5 million jobs is set to vanish thanks to the increased adoption rate of automation. The jobs that are the highest of being taken over by our electro-mechanical brethren are administrative and office jobs.

The World Economic Forum has included countries in its survey, which includes, France, Germany, U.S., Japan, U.K and China. This essentially amounts to around 65% of the world’s workforce.
The situation is not as hopeless as its sounds, workers can be retrained so that they can adapt and master newer technologies.

“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,” explained Klaus Schwab and Richard Samans, both members of WEF’s board.

You can access the full report titled “The Future of Jobs” here.8820767-13960445

Categories: HR & Organization

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