Relax, robots won’t take your job. Until they do

Posted on 26 Jun 2019 by Edward Pearcey

No matter how you cut the automation cake, the rise of the robots appears unstoppable. On the one hand, automation will not only complement the work of humans, but will also allow us to lead happier lives, cites a new report from The Economist Intelligence Unit. On the other, robots will replace up to 20 million jobs globally by 2030 (almost 9% of the global manufacturing workforce), according to a new study by Oxford Economics.

The majority of senior executives believe that automation is most effective when it complements humans, not replaces them. While the two reports believe ultimately that automation will be good for the human race, they have very different ideas about what happens in the short term. The EIU report shows that 79%…

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