Universal robots job? (2023)

Are robots really going to take our jobs?

As per the article: Routine tasks will be the first to go—and thanks to advances in robotics engineering, both physical and cognitive tasks will be affected. Nonroutine jobs will be next: surgeons, novelists, construction workers, police officers, and so forth. These jobs could all be fully automated during the 2040s.

Automation is predicted to displace 20 million manufacturing jobs by 2030. The US is home to 310,700 industrial robots, and that number increases by at least 40,000 each year. Automation has the potential to eliminate 73 million US jobs by 2030, which would equate to a staggering 46% of the current jobs.

Key Takeaways:

Robots can be efficient and cost-effective when utilized correctly. Robots are also susceptible to errors and malfunctions and cannot adapt to unexpected situations. While technology in the workplace can be useful, humans are still essential.

It could be that displaced human workers can't re-skill and don't have it in them to fill the more human-driven roles. This would obviously lead to higher unemployment numbers, which would have a large impact on society and the economy. The impacts of this possibility are far-reaching.

Jobs involving high levels of human interaction, strategic interpretation, critical decision making, niche skills or subject matter expertise won't be replaced by automation anytime soon. “For instance - Lawyers, Leadership roles, Medical Professionals, Healthcare practitioners, IT & HR Professionals.

Including this spillover, one robot per thousand workers has slightly less of an impact on the population as a whole, leading to an overall 0.2 percentage point reduction in the employment-to-population ratio, and reducing wages by 0.42%. Thus, adding one robot reduces employment nationwide by 3.3 workers.

Industrial automation will not lead to mass unemployment

GlobalData's report, 'The Future of Work – Thematic Intelligence', notes that robots will perform more and more tasks in repetitive roles such as in warehouses, hospitals, and retail stores by 2030, leading human workers to shift towards more creative roles.

Adding robots to the economy displaces workers. A study from the University of Chicago found that adding just one machine per 1,000 workers to the economy causes the employment rate to decrease by at least 0.18 percent.

What are 3 advantages of robots?

Robots rarely make mistakes and are more precise than human workers. They can produce a greater quantity in a short amount of time. They can work at a constant speed with no breaks, days off, or holiday time. They can perform applications with more repeatability than humans.

There are two sides to this coin: Robots and AI will take some jobs away from humans — but they will also create new ones. Since 2000, robots and automation systems have slowly phased out many manufacturing jobs — 1.7 million of them. On the flip side, it's predicted that AI will create 97 million new jobs by 2025.

A lot of jobs require establishing trust and a human-to-human connection in order to get people to relax, open up and share about themselves. AI-based machines are capable of imitating human speech, but they don't have empathy and are missing that human touch.

Automation, jobs, and wages

On one hand, automation often creates as many jobs as it destroys over time. Workers who can work with machines are more productive than those without them; this reduces both the costs and prices of goods and services, and makes consumers feel richer.

The study, recently published in the journal Socius: Sociological Research for a Dynamic World, found that only 14% of workers say they've seen their job replaced by a robot. But those who have experienced job displacement due to a robot overstate the effect of robots taking jobs from humans by about three times.

A report from Oxford Economics found that 8.5% of the global workforce could be displaced by robots by 2030. June 26, 2019, at 2:08 p.m. The rise of robots and automation is projected to lead to the displacement of 20 million manufacturing jobs by 2030.

One widely cited and emulated study claimed 47 percent of U.S. jobs were at risk of automation between 2010 and 2030.

Artificial intelligence and robots are not just challenging blue-collar jobs; they are starting to take over white-collar professions as well. Financial and sports reporters, online marketers, surgeons, anesthesiologists, and financial analysts are already in danger of being replaced by robots.