1 robot will replace six human jobs, Automation is a 'national emergency' and more on the future of work
Published on April 3, 2017 Featured in: Economy, Editor's Picks, Technology
You probably saw at least one of the many headlines last week about a new report out about the future impact of automation on the U.S. economy. Most stories focused on one stat: For every robot put in place per thousand workers, up to six workers will lost their jobs and wages will go down. I took a look at the 91 pages of research and pulled out some other key findings:
As many as 57% of jobs could be automated over the next two decades, but this stat assumes automation will be cheaper than human labor, encouraging employers to use it.
The U.S lags behind its European peers in the adoption of robots in the workplace: In the late 2000s, there were 2.6 robots per thousand workers across developed European economies and only 1.4 robots in America per one thousand workers.
Men will likely be impacted more than women by mass adoption of robots: They will likely lose more work, however the decreases in wages for men and women will be the same.
The manufacturing industry will be most impacted by exposure to robots and there will be very few employment increases across other occupations to offset this decrease.
Managers are the only occupation title that the researchers said would not be negatively impacted by robots.
Workers with less than a high school degree, a high school degree and some college will see the most negative impact on employment and wages thanks to robots. The only group not hit in the researchers' exercise was workers with post-college degrees.
Robots in America will quadruple by 2025 to 5.25 more robots per thousand workers leading to a nearly 2 percentage points decrease in employment, according to one very aggressive model. http://www.nber.org/papers/w23285?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axioslogin