Industrial robots increase unemployment and lower wages

Research from China justifies concerns about the impact of industrial robots on the workforce.

Critics of automation believe it will replace many predominately blue-collar jobs. Proponents of industrial robots argue that new jobs will be created and the workforce will adapt.

At least in the short term, a paper from China backs the critics.

The paper, How Do Workers And Households Adjust To Robots, analysed the effects of exposure to industrial robots on labour...

WEF: Inequality likely to worsen as robots set to do half of work by 2025

A report from the World Economic Forum (WEF) predicts that robots will do half of all work tasks by 2025, with inequality likely to worsen as a result.

Concerns about the impact of automation on jobs are not exactly new, but most felt the timeline for significant change would be longer – providing more time for mass reskilling of the workforce.

The pandemic we find ourselves in is creating “a double disruption of jobs” with businesses reducing their employees while...