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Robots in workplace 'could create double the jobs they destroy'

Robots in workplace 'could create double the jobs they destroy'

Most people believe that robotic technology will put millions of people out of work. However, a recent World Economic Forum (WEF) report suggest new technologies like robots in the workplace stand to create almost double the number of jobs 2025 than they risk replacing. 

About 133 million jobs globally could be created with the help of rapid technological advances compared with 75 million that could be displaced. This would have widespread ramifications to improve pay, living standards and reduce inequality across developed nations.

The WEF report suggests 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.

Click here to read the full article, along with insight into which jobs have the highest chance of automation, as originally posted in The Guardian.

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