Robots Will Replace More Than 20 Million Manufacturing Jobs In 2030.

The Oxford Economics released a report in June 26th (2019) in June 26th. It is estimated that by 2030, more than 20 million manufacturing jobs in the world will be replaced by robots, which will exacerbate the deterioration of the income gap, but improve the overall economic output.


Economists analyze the long-term trend of workplace automation, and point out that in the past 20 years, the number of robots used worldwide has increased by three times to 2 million 250 thousand, and it is estimated that China will use up to 14 million robots in 2030.


Researchers predict that robots will promote the advantages of productivity and economic growth, but may also have drawbacks at the same time. Automation will cause tens of millions of workers to lose their jobs, especially in areas where the economy is relatively weak, which will aggravate income inequality. The report predicts that by 2030 more than 1 million 500 thousand jobs in the US will be replaced by robots. In China, the number of big Chinese has been replaced by more than 11 million.


It is estimated that if the number of robots in the world is increased by 30% over the baseline forecast in 2030, the global GDP will increase by 5.3% because of the increase in productivity, which is an annual increase of US $4 trillion and 900 billion per year.


Researchers say that although automation will pose a threat to unemployment, it is recommended that legislators not discourage the rise of automation and robotics. Instead, it should offset the negative impact of automation by creating new policies and plans.