According to an Oxford University study conducted in 2013, robots have replaced about 30 percent of jobs worldwide, and if technological advances continue, nearly half of American jobs will be at risk.
It is evident that these new machines are more productive than humans; robots can work without breaks, allowing companies to run smoothly with fewer mistakes and to create their products at a cheaper cost. Although this seems advantageous, the unemployment rate will also drop, as more and more robots replace the workforce to increase companies’ efficiency.
The International Federation of Robotics found that cheaper robot production costs and improvements in robots will put higher-level jobs at risk by 2025. Unfortunately, this technology is destroying jobs; thus, to mediate the repercussions, companies should include humans and machines in their methods.
“Technology is definitely taking over our jobs. However, this is not necessarily universal. In medicine, for example, robots will never be doctors because they lack human compassion. Compassion and other human traits are things that technology can never overtake,” Junior Ujjaini Mukhopadhyay said.