March 30, 2017
People have been losing jobs to robots since the 1990’s, a new report has revealed.
When one or more robots was introduced into the workforce between 1990 and 2007, it led to the elimination of an average of six jobs.
During those years, robots accounted for the loss of about 670,000 manufacturing jobs, and this is expected to rise in the coming years as robots continue to take over tasks previously performed by people.
The report, published by the National Bureau of Economic Research, estimated that one more robot per thousand workers reduces wages by 0.25-0.5 per cent.
Between 1993 and 2007, the authors of the report wrote that ‘the stock of robots in the United States and Western Europe increased fourfold’.
It explains that industrial robots are ‘fully autonomous machines that do not need a human operator and that can be programmed to perform several manual tasks such as welding, painting, assembling, handling materials or packaging’.
This article was posted: Thursday, March 30, 2017 at 7:53 am