Price Waterhouse Cooper released their findings this week and say the number of jobs which will be conducted by an automated method by 2030 will be even higher in the US, at 38%. In Germany they believe 35% of jobs will be taken over by robots while in Japan 21% will.
In the US, the Department of Treasury has questioned the findings, saying they don’t believe we see an automated workforce having a real impact for at least 50 years. Speaking to Axios Media, US Treasury Secretary Steven Mnuchin said he was “not worried about the mass displacement of US workers by robots. It’s not even on our radar screen…50-100 more years.”
However technology investors say businesses need to start preparing now for the technology advances of the future.
The sectors most likely to see artificial intelligence brought in, according to the PWC report, are transportation and storage, manufacturing and wholesale and retail. The likelihood of automation is lower in sectors such as education, health and social work.
John Hawksworth, chief economist at PwC, commented:
“A key driver of our industry-level estimates is the fact that manual and routine tasks are more susceptible to automation, while social skills are relatively less automatable. That said, no industry is entirely immune from future advances in robotics and AI. Automating more manual and repetitive tasks will eliminate some existing jobs, but could also enable some workers to focus on higher value, more rewarding and creative work, removing the monotony from our day jobs. By boosting productivity – a key UK weakness over the past decade – and so generating wealth, advances in robotics and AI should also create additional jobs in less automatable parts of the economy as this extra wealth is spent or invested.”