Robots and AI will actually create more jobs than they take

 Robots and AI will actually create more jobs than they take

ROBOTS will make more jobs than they take in the UK, according to a new report.

The combination of artificial intelligence and robotics will displace up to 7 million jobs between 2017 and 2037. However, this will lead to a reduction in costs and increases in spending, which in turn could generate 7.2 million jobs – a net gain of 200,000 jobs, according to accountancy firm PwC.

Jobs in health, scientific and technical services, and hospitality are predicted to increase, while those in manufacturing, transport and storage, and public administration will decrease.

Automation seems to be less disruptive than we had feared. In 2013, a study from the University of Oxford suggested that around half of jobs in the US and a third in the UK were at “high risk” of automation in the proceeding years. But this has since been revised. In April, economic organisation the OECD said the figures are more likely to be 10 per cent in the US and 12 per cent in the UK.

See full details

Editor

Leave a Reply

Your email address will not be published.