According to a recent report, robots and artificial intelligence will be taking over human jobs by early 2030s. The report also claims that sectors as transport, manufacturing, wholesale and retail were the most vulnerable to automation, whereas, sectors that require human touch like education and health services were at the least risk. And job roles that top the list are water, sewage and waste management.
Researchers believe that instead of completely eradicating the labor market, automation is going to change the nature of the jobs. Tedious and harmful tasks will be handled by robots, and the focus can be shifted to tasks of higher value which requires human involvement. “By boosting productivity – a key UK weakness over the past decade – and so generating wealth, advances in robotics and AI should also create additional jobs in less automatable parts of the economy as this extra wealth is spent or invested,” said John Hawksworth, chief economist at PwC. He’s of the opinion that it’s technically feasible to use robots instead of humans, but the level of automation is dependent on the cost and productivity of robots compared to human workers. Also there can be a reduced possibility of automation considering the legal and regulatory constraints.
Industries can’t stay away from the advancements in robotics and AI, but job roles that require creativity and social skills are less susceptible to automation. The rising risks have led to the idea of implementing a tax on robots from the committee on legal affairs in a draft report to the European Parliament, that could slow down the adoption of automation and the revenue generated could be used to help the workers adapt to the change and facilitate easy transition to a different job.