Home Daily Blitz The Robot Revolution Could Wipe Out 5.1 Million Jobs by 2020
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The Robot Revolution Could Wipe Out 5.1 Million Jobs by 2020

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thefiscaltimes articleThe following is an excerpt from Millie Dent | January 20 2016 | Thefiscaltimes.com |

If a plummeting stock market and possible global recession isn’t enough to make you hide under the covers, a new report from the World Economic Forum just might.

The “Fourth Industrial Revolution” is already underway and it’s not looking too promising for your job.

Over the next five years, automation and robots will eliminate 5.1 million jobs globally, according to a new report from the World Economic Forum. The findings are based on a survey of 15 economies that account for about 65 percent of the world’s total workforce.

The jobs that are most at risk are office and administrative roles, which are expected to be impacted by “a perfect storm of technological trends,” the report reads. The trends the report is referencing are the mobile internet, cloud technology, Big Data analytics and the Internet of things.

Other sectors that also stand to lose jobs include office and administrative, manufacturing and production, construction and extraction, installation and maintenance and the arts and entertainment.

For more visit: Thefiscaltimes.com

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