It’s expected that our industrial robot workforce will quadruple by 2025 to 7 robots per 1,000 workers. Using Acemoglu’s and Restropo’s findings, that translates to a loss of up to 3.4 million jobs by 2025, alongside depressed wage growth of up to 2.6%, and a drop in the employment-to-population ratio of up to 1.76 percentage points.
We’re talking about industrial robots only, not all robots, and not any software, especially not AI.
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