Research from McKinsey found that 45% of current jobs can be automated. Displaced workers could potentially get re-trained to apply their skills elsewhere. Displaced workers could fill gaps that currently exist elsewhere in the labor market—like elder care, teaching and support for special needs children.
In 2017, South Korea had installed 710 robots per 10,000 employees. In order to successfully utilize robots in positions where human interaction is needed, “collaborative” robots must be used. The most recent model of these robots are classified as TS 15066. Collaborative robots, in order to be safe for human interaction, must have at least one safety measure. The use of these robots add more “strength, precision, and endurance”.
Many office and factory managers will be replaced by 2023. By 2023 2/3 of the managers will be gone. Humans say they prefer the robot management due to completely objective outlook. They also keep you on task through computer notifications and not through yelling or hazing. Studies show that productiveness is up because of robot management
A Mckinsey study reveals that automation has the ability to make certain jobs such as predictable physical work better. However some jobs are just not a great fit for automation. Work such as forestry and construction for example, which are performed in an unpredictable environment, may not be well suited for automation. Since robots are given a specific task to follow, if their job quickly changes in an unpredictable manner, they might end up being less efficient.
Given that certain jobs are not fit for automation, I believe that consumers should not worry about being displaced by robots. There will always be a demand for human career jobs and thus humans will always be able to purchase the company’s products and services. Robots are designed to aid and complement humans lives, not replace them altogether.