REPORT: Robots could take over 20 million jobs by 2030, here’s why…

As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by NBCNews.com:

Robots could take over 20 million manufacturing jobs around the world by 2030, economists claimed Wednesday.

According to a new study from Oxford Economics, within the next 11 years there could be 14 million robots put to work in China alone.

The article goes on to state the following:

Economists analyzed long-term trends around the uptake of automation in the workplace, noting that the number of robots in use worldwide increased threefold over the past two decades to 2.25 million. “As a result of robotization, tens of millions of jobs will be lost, especially in poorer local economies that rely on lower-skilled workers. This will therefore translate to an increase in income inequality,” the study’s authors said.

The addition of so many robots spells huge profits for businesses as the $4.9 trillion boost to the global economy will power the movement.

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