As a McKinsey report suggests, there's an estimated $766 billion total wages in the U.S. for predictable physical work, which is more likely to be automated by robots. The top 3 markets where the most predictable physical work resides are 1) accommodation and food, 2) manufacturing, 3) transportation and warehousing. We are facing a global problem of shrinking labor forces driving up needs for automation. Especially for countries like Japan, its population is expected to shrink by 24% by 2050, and its working-age population is set to decline at an even faster pace than the overall population. Labor shortages drive up salaries in industries like e-commerce fulfillment, where the tasks are highly repetitive and openings are hard to fill.
Jul-16-2019, 23:32:40 GMT