Robots in the workplace

1 min read

Another week, another report on the impact of machines, robots and algorithms on the working world.

Recent reports have highlighted the impact AI could have on jobs, suggesting millions are at risk. By contrast, a new report from the World Economic Forum (WEF) suggests that AI and robotics could actually create 60million more jobs that they destroy by 2022.

According to the report, developments of machines and automation software in the workplace could create 58miilion new jobs in the next five years. It says that 133m jobs globally could be created with the help of rapid technological advances over the next decade, while some 75m people could be displaced.

It’s an interesting report and should go some way to reassure people who are fearful that the rise of the robot economy could seriously impact workers and living standards.

However, Klaus Schwab, chairman of the WEF, did warn that employment gains from technology were not a “foregone conclusion” and called for more training and education to help workers adapt.

As long as people see the benefits, as well as the risks – and there is proper engagement – then the rise of the machine may not have to be something to be feared.