Rise of the machines will displace 20 million workers, warns report


Up to 20 million manufacturing jobs could be lost to robots by 2030, according to a new report by Oxford Economics. The study found that robots will lead to twice as many manufacturing job losses in low-skill areas, thereby aggravating income inequality. The report, "How Robots Change the World", estimates that each new industrial robot eliminates 1.6 manufacturing jobs on average, and calls on governments to prepare with policies including better training and welfare programs, and a universal basic income. It suggests that in Australia, South Australia is most vulnerable to the future robot rollout. The state is Australia's most manufacturing intensive but has the slowest-growing economy and low levels of manufacturing productivity, the report argued.

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