If we didn’t have enough to worry about—Covid-19, a nation divided, massive job losses and civil unrest—now we have to be concerned that robots will take our jobs.
The World Economic Forum (WEF) concluded in a recent report that “a new generation of smart machines, fueled by rapid advances in artificial intelligence (AI) and robotics, could potentially replace a large proportion of existing human jobs.” Robotics and AI will cause a serious “double-disruption,” as the coronavirus pandemic pushed companies to fast-track the deployment of new technologies to slash costs, enhance productivity and be less reliant on real-life people.
Millions of people have lost their jobs due to the effects of the Covid-19 pandemic and now the machines will take away even more jobs from workers, according to the WEF. The organization cites that automation will supplant about 85 million jobs by 2025.
WEF says there’s nothing to worry about since its analysis anticipates the future tech-driven economy will create 97 million new jobs. Currently, approximately 30% of all tasks are done by machines—and people do the rest. However, by the year 2025, it’s believed that the balance will dramatically change to a 50-50 combination of humans and machines.