How is automation changing the economy? (VIDEO) | Bot To News


It’s among the most famous calls in sports, but the people in charge of the strikeouts will soon be a relic of the past, like the bubble gum in your pack of baseball cards and the organs on the field. The technology can now determine balls and strikes with greater accuracy than any human, and minor league baseball is already using it.

Robots are already changing the way we drive, deliver goods, care for patients and even what we do in the bedroom. Over the past two decades, the number of robots in the workplace worldwide has tripled to more than 2.2 million.

Automation is changing the global economy in countless ways. This includes software that performs tasks such as data entry, accounting, scheduling and administration; chatbots that provide customer service by phone or texting; and self-service stations in shops and restaurants.

According to Oxford Economics, as many as 20 million robots could be operating by 2030.

And in workplaces where people occasionally strike, robots are proving to be more reliable.

“We’re going to have to figure out how to live and work in a world where there may not be enough work,” said Martin Ford, author of “The Rise of the Robots: Technology and the Threat of Unemployment.” Future.”

Software, algorithms and robots threaten jobs throughout the economy.

According to this analysis by Oxford Economics, robots could replace as many as 20 million global manufacturing jobs by 2030.

Robots are a growing part of the American workforce

Robots are a growing part of the American workforce

Experts are pleased with how quickly robots are being added to jobs. A mechanized future is well on its way.

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and unlike that co-worker, robots are easier to work with. They don’t complain, they don’t take vacations, they don’t need benefits, and they can work 24 hours a day.

But don’t hand over the keys to the robots just yet. When some jobs disappear, new ones are created. This is what happens when any technology advances.

In the mid-1800s, jobs on trains were hot. Fast forward to the turn of the century and suddenly the railroad companies began to hit the brakes on hiring. Why? Because technology has advanced. The robot of that era was a car. Train-related jobs declined, but a new industry was born and automobile-related jobs boomed.

So what does this mean for today? Robots haven’t completely taken over yet. Someone still has to tell the robots what to do, and there are some things that humans are simply better equipped for, like emergencies.

Furthermore, even when robots can do a better job, there is still reluctance to hand over the reins in some industries. It was a hot topic on the MLB TV channel.

But many sectors will change if it means a stronger result. So how worried should you be? Consider this: According to an analysis by the World Economic Forum, 85 million jobs could be lost or changed by automation, such as robots or software, by 2025, but they could create nearly 100 million new jobs.

So get ready for a future that includes working alongside and competing with robots.

Bianca Facchinei is a political reporter focusing on the US economy and everything millennial. During her time at Newsy, she reported live on Hurricane Florence, the protests against Supreme Court Justice Brett Kavanaugh, the 2018 midterm elections and more. She also hosted several one-on-one interviews, including Chelsea Manning talking about her run for the US Senate a year after being released from prison. Before becoming a journalist, Bianca graduated from the University of St. Joseph’s. I’d love to hear your story ideas! Send them to her at bfacchinei@newsy.com. @BiancaFacchinei





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