Robots to wipe out 20m jobs by 2030: Study

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Up to 20 million manufacturing jobs will be lost globally to robots by 2030, a new study has found.

Lower-skilled regions are much more vulnerable to the job losses

The implications are huge. We will see a significant boost to productivity and economic growth and some new types of job we can't even yet foresee  (note the potential rebuttal that robots can create new and better jobs instead of just destroy jobs)

business models will be disrupted or upturned and millions of existing workers will be displaced - and the impact will affect lower-skilled and poorer economies... most

Those workers in Singapore that are displaced by technology will have to adapt their skills to the evolving demands of the future economy but the government already has put in place schemes to help to retrain workers displaced by technology,

Singapore also has an ageing population (more so than most) and restraints on inward migration, so robots may be particularly helpful in keeping the economy growing.

Qns:

1. In an age of rapid technological advancement, is a single career for life realistic? (Cam. 2018)

2. ‘People today do not work as hard as they did in the past.’ How true is this of your society? (Cam. 2018)