How will automation affect economies around the world?

All countries will feel the impact of automation, but at different speeds and in different ways. In this podcast, McKinsey Global Institute looks at its likely impact in China, Europe, and India. New technologies such as artificial intelligence and automation are reshaping the workplace globally. All countries will feel the impact in some way, shape, or form. In this episode for the McKinsey Global Institute's New World of Work podcast, MGI directors Jonathan Woetzel and Jacques Bughin and MGI partner Anu Madgavkar examine automation's likely impact in China, Europe, and India. I'm Peter Gumbel from the McKinsey Global Institute, and today we'll be taking a look at the quite different ways that new technologies like automation and artificial intelligence will affect work in different parts of the world. Specifically, we'll be looking at China, Europe, and India. These differences come about for a number of reasons that we explain in our new MGI report on the future of work, which is called Jobs lost, jobs gained: Workforce transitions in a time of automation. Among the reasons for these differences are different levels of economic development, different wage rates, and different potential for automation adoption in different economies. First, let's talk about China. Here to do so is Jonathan Woetzel, director of the McKinsey Global Institute, based in Shanghai. Jonathan, perhaps you can start by telling us where the Chinese workforce is at the moment.