Robots, new working ways to cost 5 million jobs by 2020, Davos study says

A study says robots and artificial intelligence are costing five million jobs over the next five years. – Reuters file pic, January 18, 2016.Disruptive labour market changes, including the rise of robots and artificial intelligence, will result in a net loss of 5.1 million jobs over the next five years in 15 leading countries, according to an analysis published in Davos on Monday.The projection by the World Economic Forum (WEF), which is holding its annual meeting in the Swiss ski resort this week, assumes a total loss of 7.1 million jobs, offset by a gain of two million new positions. The 15 economies covered by the survey account for approximately 65% of the world’s total workforce. The assessment highlights the challenges posed by modern technologies that are automating and making…


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