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Industrial robots set to displace millions of US jobs: Study

Robots have been replacing a range of low-skill and medium-skill occupations

IANS  |  Washington 

Robots Replace US Jobs
Representative Image.

While industrial have already displaced hundreds of thousands of in the US since 1990, they are about to take millions more from human hands in the next decade, said a renowned American economist.

"There's a real mismatch between our institutions and the technologies coming on board," Daron Acemoglu, an economist at Massachusetts Institute of (MIT), told Axios Media, an American news website, in an interview published on Sunday night.

Industrial have been replacing a range of low-skill and medium-skill occupations, reports Xinhua news agency.

A paper published in March by Acemoglu and Pascual Restrepo, another MIT economist, estimates that the US has already lost between 360,000 and 670,000 to since 1990.

In an aggressive scenario, Acemoglu estimates in the paper that industrial robots will lead to a 0.94-1.76 percentage points lower employment to population ratio and 1.3-2.6 per cent lower growth between 2015 and 2025, indicating millions of workers could lose their in the next decade.

Technological advancements have long-term social and political implications, as low-end blue collars are more vulnerable to robots.

Therefore, Acemoglu said education reforms are necessary to relieve the pain inflicted on working class by new

First Published: Tue, July 11 2017. 11:12 IST