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One-Third of U.S. Workers Could be Jobless by 2030 Due to Automation: McKinsey Report

Posted December 01, 2017

Under Economic Issues, International Trade Issues

(Thomas Franck – CNBC)

As much as one-third of the United States workforce could be out of a job by 2030 thanks to automation, according to new research from McKinsey. The consulting firm now estimates that between 400 million and 800 million individuals globally could be displaced by automation and need to find new work.

“Even if there is enough work to ensure full employment by 2030, major transitions lie ahead that could match or even exceed the scale of historical shifts out of agriculture and manufacturing,” according to a report by the McKinsey Global Institute published this month. “Even as it causes declines in some occupations, automation will change many more – 60 percent of occupations have at least 30 percent of constituent work activities that could be automated.”

Professions most susceptible to automation include physical ones in “predictable environments,” including operating machinery and preparing fast food, according to the research. Alternatively, automation will have a more muted effect on jobs that involve expertise, managing people, and that require frequent social interactions. Click here to read more.

Related: What the Future of Work Will Mean for Jobs, Skills, and Wages (McKinsey & Co.)