McKinsey Findings on Consequences of Automating Jobs

A report by McKinsey Global Institute, which studied 46 nations and more than 800 types of jobs, came to the staggering conclusion that 800 million workers are at risk of losing their jobs to automation by 2030. The report also estimated that 375 million workers likely will have to switch occupational categories by 2030 in order to avoid unemployment.

The report also highlights that as few as 5% of occupations can be fully automated. However, 60% of existing jobs can be partially automated. This implies that humans must get used to working in collaboration with robots. According to OECD, this will vary upon different geographical areas, for instance, “33% of all jobs in Slovakia are highly automatable, while this is only the case with 6% of the jobs in Norway.”