08252019Sun
Last updateThu, 22 Aug 2019 5pm

Manufacturing & The Economy

Report: Robots Taking 20 Million Manufacturing Jobs by 2030

The rise of the robots will boost productivity, economic growth, and it will lead to the creation of new jobs in yet-to-exist industries. But existing business models in many sectors will be seriously disrupted and millions of existing jobs will be lost. Oxford Economics estimates up to 20 million manufacturing jobs are set to be lost to robots by 2030.

The effects of these job losses will vary greatly across countries and regions, with a disproportionate toll on lower-skilled workers and on poorer local economies. In lower-skilled regions, robots lead to almost twice as many manufacturing job losses. In many places, the impact will aggravate social and economic stress in times when political polarization is a worrying trend.  

Subscribe SUM19

FREE SUBSCRIPTION*

• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, visit the Valve Careers YouTube channel to watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products