The robots are coming to take your job! No they aren’t!
Sure, millions of workers will be replaced by machines, but WEF reckons millions more jobs will be created
There has been a lot of speculation and outcry recently over fears that the rise of artificial intelligence will threaten human jobs in the developed world. A study by the Fabian Society and the Community trade union in the UK found that over six million people in Britain are worried that their jobs could be replaced by machines by 2028.
A new study by the World Economic Forum seems to suggest that the rise of robots in the workplace may in fact have the opposite result. The study, which surveyed 15 million workers in 20 countries, estimates that over the next decade 133 million jobs could be created, which is almost double the amount of jobs than the 75 million estimated to be displaced by the increase in the use of robots and other forms of artificial intelligence.
According to a recent Guardian article, the report “suggests that new technologies have the capacity to both disrupt and create new ways of working, similar to previous periods of economic history such as the Industrial Revolution, when the advent of steam power and then electricity helped spur the creation of new jobs and the development of the middle class”.
The chairperson of the WEF, Klaus Schwab, said that gains from technology were not, however, a “foregone conclusion”. He urged “governments, businesses, educators and individuals alike to take advantage of a rapidly closing window to create a new future of good work for all”.