Robots are likely to replace two million manufacturing jobs by 2030. That's according to a report by UK-based research firm Oxford Economics,... which estimates that each new robot will take the place of an average of 1-point-6 manufacturing jobs. About 1-point-7 million manufacturing jobs have been displaced by robots since 2000. The report says the biggest displacements will take place in low-skilled areas and repetitive jobs which could worsen social and economic inequality. It called for countries to prepare for automation with policies that include better training and welfare programs. On a brighter note,... the report said automation will increase productivity,... in turn, boosting growth and creating more jobs. It added that a 30 percent increase in robots installed worldwide,... would boost global GDP by five trillion U.S. dollars.
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