Study Finds Automation on the Rise

December 11, 2017

More workers will need technical training to compete in the international workforce with 30 percent of work hours expected to be taken over by automation by 2030, according to a new report by the McKinsey Global Institute.

The study estimated that between 400 million and 800 million people could be displaced by automation, depending on how quickly new technology is adopted, Quartz reports. Among these global workers, about 14 percent may need to learn new skills to stay employable.

Automation is forecast to lead to productivity growth, which will in turn lead to rising incomes and consumption, especially in developing countries.