AI, robotics expected to claim nearly 500000 construction jobs by 2020

An estimated 5.1 million jobs are expected to be lost in the next five years due to advances in technology, specifically those in artificial intelligence, machine-learning, 3D printing and robotics, according to a report from the World Economic Forum. Of those job losses, construction and extraction are anticipated to account for nearly 10 percent. The findings are based on a survey of HR and strategic executives at 371 companies around the globe. Though the vast majority of the total job losses are expected to be in the office and administrative job sector (4.76 million) manufacturing and production (1.61 million) and cosntruction and extraction (497,000) round out the top three. For the last few years the U.S. construction industry has been grappling with a shortage of skilled workers. The lack of ability…


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