Robots, new working ways to cost five million jobs by 2020, Davos study says


  • TECH
  • Monday, 18 Jan 2016

More robots: Modern technologies are automating and making redundant multiple human tasks, from manufacturing to healthcare. — Reuters

DAVOS, Switzerland: Disruptive labour market changes, including the rise of robots and artificial intelligence, will result in a net loss of 5.1 million jobs over the next five years in 15 leading countries, according to an analysis published in Davos on Jan 18.

The projection by the World Economic Forum (WEF), which is holding its annual meeting in the Swiss ski resort this week, assumes a total loss of 7.1 million jobs, offset by a gain of two million new positions.

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