November 30, 2017

Report: Automation could cost 375 million jobs by 2030

CNN - The McKinsey Global Institute cautions that as many as 375 million workers will need to switch occupational categories by 2030 due to automation. The work most at risk of automation includes physical jobs in predictable environments, such as operating machinery or preparing fast food. Data collection and processing is also in the crosshairs, with implications for mortgage origination, paralegals, accounts and back-office processing.

The report says that 39 million to 73 million jobs in the U.S. could be destroyed, but about 20 million of those displaced workers can be shifted fairly easily into similar occupations. Globally, up to 800 million workers could be displaced.

1 comment:

Tom Puckett said...

“We should do away with the absolutely specious notion that everybody has to earn a living. It is a fact today that one in ten thousand of us can make a technological breakthrough capable of supporting all the rest. The youth of today are absolutely right in recognizing this nonsense of earning a living. We keep inventing jobs because of this false idea that everybody has to be employed at some kind of drudgery because, according to Malthusian Darwinian theory he must justify his right to exist. So we have inspectors of inspectors and people making instruments for inspectors to inspect inspectors. The true business of people should be to go back to school and think about whatever it was they were thinking about before somebody came along and told them they had to earn a living.”

― R. Buckminster Fuller
(Operating Manual For Spaceship Earth)

Cheers, Tom