Robots could replace 20 million manufacturing jobs in 10 years
According to the latest analysis from Oxford Economics, around 20 million global manufacturing jobs could be replaced entirely by robots by 2030.
Oxford Economics has called for action to prevent the damaging increase. It is said that for every new industrial robot, 1.6 manufacturing jobs are lost, and the regions with the least skills are mostly being affected.
Furthermore, workers who move from the manufacturing industry sometimes get new jobs in construction, maintenance or transport - and robots are said to be taking over the automation industries, too.
Twice as many jobs could be lost in lower-skilled regions due to robots being installed, which is becoming a growing danger throughout the UK.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
The hidden cost squeezing Britain's economy
Teesside deserves more than cashback devolution
Construction must be built on commercial discipline
Devolution needs financial firepower to drive growth
The value of creating a stronger careers route
Apprenticeships: Invest in talent or keep chasing it
Are you ready for salary transparency?
Confidence the key to our artificial intelligence future
The missing piece of the puzzle in the NEET crisis
The North East investment story needs two engines
We must forge change to close the skills gap
Creating the conditions for North East talent to thrive