A study by Oxford Economics anticipates machines will replace human workers in about 20 million manufacturing jobs across the world over the next decade.
The study found each new robot installed in the manufacturing sector displaces 1.6 manufacturing workers on average, and that the transition to robots tends to generate new jobs as fast as it automates them.
In addition, the study found, robots are growing less expensive than many human workers; from 2011 to 2016, the average unit price per robot fell 11%.
Oxford Economics also found that robots are increasingly capable of functions in more sophisticated processes and varied contexts.
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Abstracts Copyright © 2019 SmithBucklin, Washington, DC, USA
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