The Oxford Martin School released a report in 2013 that examined the automation of work. They analyzed the possibility of technologies, including robots taking the place of humans. They discovered that out of the 702 work categories that they assessed, 47 percent would most likely be automated within the next couple of decades.
The Depressing Revelation
If the above finding isn’t enough, a latest study published by the National Bureau of Economic Research in the U.S. disclosed more astounding revelations. They did not only support the previous study, but they also pointed out that humans already lost the jobs and they don’t see these jobs coming back. This one argues that the integration of robots in the manufacturing sector led to the loss of 6.2 human employments between 1990 and 2007.
The Ups and Downs of the Robot Takeover
The study indicated that the automated approach set the wages back by a quarter and a half of one percent. Moreover, the lower wages and job losses will have a disturbing and long-lasting impact. Daron Acemoglu, one of the authors of the study, explains that some communities won’t be able to recover from the transition even if the overall wages and employment does improve.
The problem is, many people still debate about this fact when it is already happening in front of them. This is not the time to divide people into believers and nonbelievers. Rather, this is the time to work together to find a solution to the impending problem.