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Robot Revolution: Will Machines Take Your Job?

Fears robots would end up taking many of our jobs have been overstated according to one recent study, which suggests machines have actually boosted workers’ wages and the economy as a whole.

But a separate piece of research published in 2014 paints a far gloomier picture, claiming more than a third of all UK jobs are at “high risk” of being replaced by robots within the next two decades.

One of the key questions about the coming robot revolution is the effect it will have on jobs.

An exclusive Sky News survey commissioned as part of a special week of coverage found that more than six out of 10 Britons think the Government should protect jobs from being taken by robots.

:: What has the effect been so far?

Two economics professors have studied the impact the machines have had on employment, and their findings painted a positive picture.

Uppsala University’s Georg Graetz and Guy Michaels from the London School of Economics looked at productivity and employment in a variety of countries between 1993 and 2007 to see if the trepidation about the increased use of robots has been well founded.

The pair examined data on the use of robots provided by the International Federation of Robotics.

They also studied economic performance indicators across 14 industries and 17 countries, including the United States, Australia, South Korea and many European nations.

Read more  https://uk.news.yahoo.com/robot-revolution-machines-job-214010006.html#pNWgBpe

Lou Collins