By 2030, as many as 375 million workers—or 14% of the global workforce—could be useless in their jobs, thanks to automation.
That figure comes from the McKinsey Global Institute, which released a report yesterday looking at the displacement that automation will cause in the near future. Research analysts from the consultancy firm estimate that somewhere between 400 million and 800 million people will find themselves in need of new jobs as automation and machine learning creep into industries all over the world. Of that number, McKinsey suggests 375 million will have to switch occupational categories entirely. Continue reading