Do you know there are 2.25 million robots currently in use all over the world?
According to Oxford Economics, up to 20 million manufacturing jobs around the world could be replaced by robots by 2030.
These are the facts that prove the Robotisation has already begun.
The problem is our job security since robots have already begun to take over some tasks once carried out by humans.
Oxford Economics says “Trends suggest the global stock of robots will multiply even faster in the next 20 years, reaching as many as 20 million by 2030, with 14 million in China alone. The implications are immense, and the emerging challenges for policy-makers are equally daunting in scale.”
Further, they say that existing business models in many sectors will be seriously disrupted, and millions of existing jobs will be lost.
They have mentioned that each new industrial robot, wipes out 1.6 manufacturing jobs, with the least-skilled regions being more affected.
According to the statistics of Oxford Economics, between 2011 and 2016, United States has used 14% of robots in the Automotive Sector and 40% of Other Sectors. The usage of robots in China is 199% in the Automotive Sector and 267% in Other Sectors.
About 1.7 million manufacturing jobs have already been lost to robots since 2000, including about 400,000 in Europe, 260,000 in the US, and 550,000 in China.
They have found that the people who leaving production jobs tend to get new jobs in transport, construction, maintenance, and office and administration work because these sectors are the most vulnerable to automation over the next decade.
They mentioned that “For both people and businesses, the effects of these job losses will vary greatly across countries and regions, with a disproportionate toll on lower-skilled workers and on poorer local economies”
Oxford Economics also found the more repetitive the job, the greater the risk of its being wiped out.
Jobs which require more compassion, creativity or social intelligence are more likely to continue to be carried out by humans “for decades to come”, it said.