- A new study suggests that as many as four million human workers could be replaced by robots over the next decade.
- Robots could replace human workers in up to four million jobs in Britain over the next decade, according to research conducted by UK market research firm YouGov on behalf of the Royal Academy of the Arts.
- Chiefly, businesses have to make sure that the millions of workers who are replaced by robots and other automated systems aren’t left behind.
- Many robots are simply better equipped to perform menial tasks than humans are.
- Robots can raise overall productivity by doing the dirty, difficult, or otherwise unpleasant jobs that human workers would rather avoid.
A new study suggests that robots will replace as many as four million British workers in the next decade. Can we find new roles for these people to fill?
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This webinar delves you into real-life examples of how automation and machine learning are freeing HR managers from administrative tasks, allowing them to concentrate on the strategic and human side of the HR business
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- Ask an economist or a technology expert and they will happily tell you that decades of data reliably show automation has created more jobs than it has destroyed.
- The problem with this rose-tinted view of automation, however, is its focus on big averages that take little account of individuals’ experiences.
- As tempting as it may be to pour money into boosting automation in return for the long-awaited boost to productivity and headline economic growth, doing so without having a clear plan for retraining displaced workers would cause untold harm to millions of individuals.
- As the Institute for Public Policy Research points out , some workers are far more vulnerable than others to automation.
- If the government fails to act, the result could all too easily be a spike in unemployment and poverty in places with the lowest skilled workers – a very high price to pay for a bit of average productivity growth.
Investment in education and retraining is needed to equip people to adapt as automation shakes up their workplaces
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