Robots and AI will actually create more jobs than they take

ROBOTS will make more jobs than they take in the UK, according to a new report. The combination of artificial intelligence and robotics will displace up to 7 million jobs between 2017 and 2037. However, this will lead to a reduction in costs and increases in spending, which in turn could generate 7.2 million jobs – a net gain of 200,000 jobs, according to accountancy firm PwC. Jobs in health, scientific and technical services, and hospitality are predicted to increase, while those in manufacturing, transport and storage, and public administration will decrease. Automation seems to be less disruptive than we had feared.