Robots on track to wipe out a tenth of manufacturing jobs by 2030: Report

Robots are on track to wipe out almost a tenth of the world’s manufacturing jobs with the brunt borne by lower-income areas in developed nations, Oxford Economics says.

While automation should boost the economy as a whole, it is likely to create greater inequality as employment losses are concentrated in certain industries and countries. Manufacturing could lose 20 million positions by 2030, making the sector 8.5% smaller than “if robots were not remaking the market,” according to the research firm’s report.

Job Losses Per Robot

The pockets of workers most vulnerable to automation can often be found in rural areas with a traditional,