Automation Could Cost Up To 800 Million Jobs

Up to 800 million people worldwide could lose their jobs because of automation. About half of them will have to learn new skills to get another job. In the United States alone, up to a third of the workforce could become unemployed within the next few decades. These are the results of a recent publication by McKinsey Global Institute.

Jobs that involve manual or factory work are the ones that are most at risk. People who work in social fields, the environment or management are less likely to lose their jobs. In countries with ageing populations, more jobs will be needed in health care.

The report says that there is no reason to panic because new job fields will emerge which will more than compensate the loss of traditional jobs. In addition, economic activity and rising productivity will also provide for more jobs.  However, workers will need to adapt to jobs more quickly than before and lifelong learning will be essential.

Artifical intelligence is already spreading quickly in some areas. Technological inventions, like self-driving cars, will become hugely popular within a decade. More jobs will be needed in the energy sector and people will find more work building modern infrastructure in cities.

However, governments around the globe will have to give support and spend money on programs to train workers for new tasks.

The report states that the situation today is similar to the beginning of the 20th century when agricultural societies became more and more industrialised.  The invention of the automobile contributed to this change. In the 1980s the computer revolution eliminated some jobs but created many others.

Automation in a German factory
Automation in a German factory – Image: KUKA Roboter Gmbh

Words

  • adapt = change; get used to
  • ageing = getting older
  • agricultural = farming
  • artificial intelligence = the study of how to make computers do intelligent things  that people can do, such as think and make decisions
  • automation = the use of computers and machines to do jobs that normally people do
  • century = a hundred years
  • compensate = replace
  • contribute = here: to play a major part
  • decade = ten years
  • economic activity = producing and consuming goods
  • eliminate = lose; do away with
  • emerge = come up, appear
  • environment = people and things that are around you in your life
  • essential = extremely important and necessary
  • government = the people who rule a country
  • health care = services that a country provides for its people
  • hugely = very much
  • in addition = also
  • infrastructure = the basic systems that a country or city needs, like railways, banks, schools etc..
  • invention = a useful machine that is created
  • involve = here: to be about
  • less likely = will probably not …
  • management = controlling and organising the work of a company
  • manual = with your hands and physical strength
  • productivity = the goods that are produced by workers in a certain time
  • provide =  give, offer
  • publication = when information is printed for everyone to read
  • recent = a short time ago
  • similar = like
  • skill = the ability to do something well
  • task = job
  • traditional = here: jobs that have existed up to now
  • train = here: prepare people for a new job
  • workforce = all the people in a country who can work
  • unemployed = without a job , out of work