Automation could kill 800 million jobs within about 15 years

According to a new analysis from Bank of America Merrill Lynch, around 800 million jobs could disappear worldwide by the year 2035. The report explains that part of the reason for this is the cost of automating jobs has been declining. There was a 27 percent decrease in the cost of automation between 2005 to 2014, and the cost is expected to decrease by roughly 22 percent by 2025. The analysts claim that robots are getting much better at being able to complete certain tasks, so the kind of jobs that can be automated is growing. They claim "office and service sector tasks" are going to increasingly be automated.