You are here

Robots & Artificial Intelligence Will Kill 5 Million Jobs By 2020

A report by the World Economic Forum warns that the rise of artificial intelligence, robotics and other technology will result in the global loss of five million jobs in 15  major economies by 2020 According to the report, the job loss predictions were “relatively conservative” and women will be worst hit RT reports: “As many as 7.1 million jobs could be lost through redundancy, automation or disintermediation, with the greatest losses in white-collar office and administrative roles,” the World Economic Forum stated in its ‘The Future of Jobs’ report released Monday.”The loss is predicted to be partially offset by the creation of 2.1 million jobs, mainly in…Computer and Mathematical or Architecture and Engineering.” The Future of Jobs https://t.co/dOnxnQdnZe via @wef pic.twitter.com/NWjK5X41dx — Dr Martin Bloem (@mwbloem) January 18, 2016 This first-of-its-kind report was released on the eve of the group’s economic forum where over 2,500 leaders from business, government and civil society will participate in an annual meeting in Davos, Switzerland. The future of jobs will be the central topic for discussion. Referring to the transition as the “fourth industrial revolution,” the report said the jobs losses will come about because of developments in artificial intelligence, machine-learning robotics, nanotechnology, 3D [...]